Manhattan housing prices at record high
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The U.S. housing market may be a seller's nightmare but Manhattan's was a dream in the fourth quarter as foreign buyers pushed up demand while supply stayed tight, sending the average sales price to a record high.
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Hedge-fund manager Daniel Loeb stunned New Yorkâs real estate world when he agreed in 2005 to pay $45 million for a penthouse in 15 Central Park West, the uber-luxurious new condominium building set to open this fall. It now appears that Sanford Weill, the former Citigroup chief executive, paid nearly that much for his own pad [...].
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NEW YORK -- In 21st-century Manhattan -- hyper-gentrified home of the $25 million condo, the $40 million Prada "epicenter" store and the $1,000 caviar pizza -- perhaps it is no wonder that even the iconic yellow cab has a new designer look.
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With a target price of nearly $5 billion, the sale of Stuyvesant Town and Peter Cooper Village would be the biggest deal for a single U.S. property in modern times.
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Rupert Murdoch has agreed to buy the late Laurance S. Rockefeller's Fifth Avenue penthouse, whose $44 million price tag is the highest ever for a residence in Manhattan.
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Rupert Murdoch has offered the highest price ever for a Manhattan residence to buy a penthouse once owned by the Rockefeller family.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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Crude oil prices rose to a record high in London trading and hit near-record levels in New York on Monday. London&#39;s benchmark Brent crude oil hit a record of $46.
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The price of New York oil hit a fresh record high of 80.20 dollars a barrel Thursday on trader worries that stormy weather could hamper energy production in the US Gulf of Mexico.
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US crude prices on the New York Mercantile Exchange have hit fresh record highs, hitting $49.45 a barrel, up more than 50 percent from the start of the year.
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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LONDON : Oil prices raced ahead to new record high levels in London and approached 50 dollars in New York as unrest in oil producers Nigeria and Saudi Arabia stoked supply worries, traders said.
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As high-rises go up around New York City, so do fears that one will block a favorite view. But the vistas from some apartments are protected, and others are worth a gamble.
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Countrywide Financial Corp, the largest U.S. mortgage lender, said on Friday foreclosures and late payments rose in January to the highest on record, reflecting the nation's deepening housing and credit crunch.
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Real estate in New York City has a way of looming large in matters of the heart.
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New York's most expensive home is no longer a posh Manhattan high rise &#151; that title now moves to the state's other tract of astronomically priced real estate.