The talk-show host and her husband unloaded the SoHo property that they first listed in January.
Talk-show host Kelly Ripa and her husband, Mark Consuelos, have sold their New York penthouse for $20 million.
The five-bedroom apartment in SoHo has high, stamped ceilings, a huge, eat-in gourmet kitchen, two dining rooms for easy entertaining and a big master suite. The living room has a dramatic staircase running up one side.
Upstairs, there is a media room, home gym, and an office — in all, the penthouse has 6,792-square-feet of indoor space. The more than 3,000-square-foot rooftop deck includes a grill area, a covered patio, a steam shower and a hot tub.
The actor is asking $3.5 million for the midcentury-modern home.
Actor Jake Gyllenhaal has listed his Los Angeles midcentury modern, asking $3.5 million for the three-bedroom, three-bath home in Cahuenga Pass.
Gyllenhaal, known for "Jarhead," "Donnie Darko," and "Brokeback Mountain," among other films, bought the gated compound in 2005 for $2.5 million.
The home's great room offers views of the city — "sensational panoramic views," according to the listing — and the outdoor space includes a patio, private yard and pool.
The housing market hit a soft patch in August after a brisk summer.
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Walking to work may not be a good option for homebuyers in these areas.
"These are places where they built everything around the car," says Christopher Leinberger of George Washington University, who co-wrote a report with GWU's Patrick Lynch that ranks America's largest metro areas for what the pair calls "walkable urbanism."
Leinberger and Lynch define "Walkable Urban Places" (or "WalkUPs" for short) as city or suburban neighborhoods that score well for walkability and host a high amount of office and/or retail space in a compact area.
Homes on the outskirts of cities are seeing recovery, especially in the South and West.
Areas on the outskirts of cities went bust earlier and harder than most other places during the housing downturn. That is partly because job losses, mortgage defaults and high gasoline prices hit families living there particularly hard, hampering home sales and construction in the far-flung neighborhoods. Builders, blaming weak demand in these areas, shifted to building on more expensive land closer to city centers.
These areas have the highest probability of experiencing an earthquake, hurricane, tornado or all of the above.
"Most places tend to have maybe one risk factor, but these places tend to have multiple ones," says Daren Blomquist of market watcher RealtyTrac, which recently calculated the odds of natural disasters hitting any one of more than 3,100 U.S. counties.
Blomquist says RealtyTrac found that America's riskiest locales are also some of its heavily populated ones.
'The window has narrowed a little bit for homebuyers,' mortgage expert says after Federal Reserve's interest rate news.
U.S. mortgage rates jumped to a four-month high, increasing home-loan costs as the economy shows signs of strengthening.
The average rate for a 30-year fixed mortgage was 4.23 percent, up from 4.12 percent last week and the highest since early May, Freddie Mac said in a statement Thursday. The average 15-year rate rose to 3.37 percent from 3.26 percent, according to the McLean, Virginia-based mortgage-finance company.
Federal Reserve policy makers Wednesday tapered monthly bond buying to $15 billion in their seventh consecutive $10 billion cut, staying on course for an October end to the program intended to keep rates low. The Fed maintained a commitment to keep the benchmark interest rate near zero for a "considerable time" after the asset purchases are completed, saying the economy is expanding at a moderate pace.
Housing starts fell 14.4 percent in August.
Construction of single-family homes and multifamily apartments fell by over 14 percent in August from July, a far more striking plunge than analysts expected. Single-family housing starts are running at about half the normal, prebubble pace, and single-family building permits, an indicator of future construction, are flat. So how is it that some claim we are building too many houses?
"We're still building single-family homes faster than we can fill them," argues Trulia's chief economist Jed Kolko.
Using new numbers released this week from the U.S. Census, Kolko makes the following points.