‘Real Housewives’ Star Erin Lichy Takes Us Inside Her Secluded Hamptons Sanctuary—and Its Flood Drama

As to be expected of someone starring on “The Real Housewives of New York,” the Empire State is definitively home for main cast member Erin Lichy, whether she’s at her New York City townhouse or the Hamptons estate she escapes to for a break from the Big Apple. Both properties are heavily featured i

Julia Fox Buys Richie Shazam Out of Their Shared Harlem Brownstone

If two lifelong best friends turned downtown celebrities can’t make a go of shared homeownership, what hope do the rest of us have? Julia Fox and Richie Shazam have settled up on the 19th-century neo-Gr... More »

Senate Bill Would Give First-Time Homebuyers Up to $50K—but It Faces Uphill Battle in Congress

A new bill introduced by Sen. Jeff Merkley (D-OR) aims to make homeownership a reality for more Americans by allowing them to receive up to $50,000 from the federal government for a first-time home purchase. The Homeownership Promise Act, cosponsored by Sen. Ron Wyden, a fellow Oregon Democrat, woul

What Is an Escalation Clause in Real Estate? How It Works

An escalation clause is a provision in a real estate offer that can automatically increase the buyer’s price if the seller receives a higher competing offer. The buyer typically specifies both how much they’re willing to beat another offer by and the maximum price they’re willing to pay. Escalation