The Real Deal - New York Real Estate News

“Conjuring” house in contract over ask

Posted: 29 May 2022 12:00 PM PDT

The Rhode Island home that inspired 2013’s “gleefully creepy” horror film “The Conjuring” is in contract for $300,000 more than the asking price – and a condition that the buyer can’t live there. The house, bought by paranormal investigators Jenn and Cory Heinzen for $439,000 in 2019 and run as a business where visitors can stay overnight, is under contract for $1.525 million, well above last September’s listing price of $1.2 million, according to the

Mansion hopping in Aspen, Colorado

Posted: 29 May 2022 11:04 AM PDT

The daughter of a Texas oil magnate is trading one Aspen, Colorado mansion for another. The Wall Street Journal is reporting Christy Thompson, the daughter of deceased Texas oil executive J. Cleo Thompson, has unloaded one mansion near the center of town in an off-market deal for $60 million and is working on picking up another — just a few miles away — for $51 million. The second deal has not yet closed, according to

Generation Z looking to mid-sized cities when buying a home

Posted: 29 May 2022 09:25 AM PDT

They are the Gen Z places to be. More and more young, first-time homebuyers are eschewing expensive coastal cities for landlocked towns in Utah, Kentucky and Oklahoma, a report by LendingTree reveals. The New York Times is reporting members of Generation Z — those born between 1997 and 2012 — are gobbling up homes in mid-sized cities such as Louisville, Kentucky, Salt Lake City, Utah and Oklahoma City, Oklahoma, where between 15.3 and 16.6 percent

Disney, JBS, and other companies make efforts to build affordable housing for employees

Posted: 29 May 2022 09:00 AM PDT

Walt Disney and meatpacker JBS, squeezed by the lowest unemployment rate hovering close to the lowest since 1953 and surging home prices are among companies marching into the housing market – although not because they want to. Walt Disney last month said it would set aside 80 acres near its Florida theme park for a 1,300-unit affordable-housing project to be used in part by its workers, according to the Wall Street Journal. JBS has set

Love it or sue it: When made-for-tv home renovations end up in court

Posted: 29 May 2022 07:44 AM PDT

They turned to television as a way to create their dream home, and they ended up in court. The New York Times is reporting that some homeowners featured on such popular home-renovation shows as “Property Brothers,” “Love It or List It,” “Flip or Flop Las Vegas” and “Renovate My Family” have sued producers of those series after the work done didn’t turn out the way they expected. One couple even claimed that they were asked

Fans calling foul over plan to replace Milan’s soccer stadium

Posted: 29 May 2022 06:00 AM PDT

Milan’s Giuseppe Meazza Stadium, a mecca for Milanese soccer fans since 1926, has fallen into such disrepair that the two teams that share it want to build a replacement. Fans aren’t happy. Rumors have been circulating for months that Inter Milan and A.C. Milan — the two teams based at the stadium known as San Siro — want to abandon or demolish it, the New York Times reported. Those fears came true in December, when