Residential real estate

US home prices fall “significantly” due to “exhausted” demand

A leading economist warned in a note to clients on Tuesday that US home prices are on the cusp of a major correction due to a “collapse” of demand among cash-strapped buyers. Ian Shepherdson, chief economist at Pantheon Macroeconomics, points out that single-family home listings are up 40% in the past four months even as …

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Brooklyn one-bedroom sailboat for rent at $600 a month

A $600 one-bedroom apartment in Brooklyn’s trendy Greenpoint section would be a bargain, but the unit advertised on Craigslist comes with a big plus—it’s on a sailboat, and it doesn’t have a shower or WiFi. “Sailboat for rent” reads the listing. “Suitable for one person. 600 dollars per month. It has a toilet, taps, solar …

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