Tag: big

  • Celebrity real estate agent brings ‘small-town’ Tennessee life roots to big city business

    Celebrity real estate agent brings ‘small-town’ Tennessee life roots to big city business

    Celebrity real estate agent Taylor Middleton has no regrets about leaving her small-town life behind to embrace the fast-paced world of New York City. 

    Middleton, who was raised in Nashville, Tennessee, moved to Manhattan after graduating from Vanderbilt University. Since launching her career in 2013, Middleton, who is starring in Netflix’s new reality series “Selling the City,” has closed over $500 million in luxury real estate sales. 

    During an interview with FOX Business, Middleton recalled her experience when she first relocated to the Big Apple.

    “Growing up in Nashville – and it was such a small town when I grew up there – and then moving to the big city, as they say, as soon as I landed here, it was like, ‘Oh my gosh, I’m with my people,’” Middleton said.

    “Selling the City” star Taylor Middleton left her “small-town” life in Tennessee behind to embrace the fast-paced world of Manhattan’s luxury real estate market. (Netflix / Fox News)

    “People who are go, go, go and so driven and ambitious,” she continued. “And it was very empowering and exciting for me because so much of my community in Nashville – and I love them so much – but so many of my friends were having their second, third, fourth child and were married and living this country club life.” 

    ‘SELLING SUNSET’ PATRIARCH NAVIGATING A REAL ESTATE ‘DEATH KNELL’

    “Which, if I’m being honest and candid, I always – I wanted that for myself,” Middleton added. “And I felt very different and apart from [that]. And so when I came to New York, it felt like, ‘Oh my gosh, everyone is living such independent, different, unique paths and exploring different things.’” 

    “It felt like anything was possible. And so it invigorated me to do more.”

    WATCH: CELEBRITY REAL ESTATE AGENT TAYLOR MIDDLETON REFLECTS ON LEAVING SMALL TOWN TENNESSEE LIFE FOR BIG CITY

    Middleton noted that succeeding in New York was similar to building a winning team in professional football.

    “You can play up or play down to the team that you’re playing against,” she explained. “So when you are surrounding yourself with people who are smarter, better, more successful than you, it just – some people may cave under that pressure. But for me, I really thrive in it because it inspires me to do better.”

    Middleton, who Netflix dubbed “the Southern belle dominating NYC’s luxury real estate scene,” told Fox Business that she originally hadn’t envisioned embarking on a career in the industry. However, she recalled that she had been “obsessed” with real estate from an early age.

    selling the city cast photo

    “Selling the City” is a New York-based spin-off of Netflix’s hit show “Selling Sunset.” (Netflix / Fox News)

    taylor with jordyn and abigail in the office

    The new show follows the professional and personal lives of top-selling agents at the luxury real estate firm Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    “It’s funny because my parents moved around a lot [when I was] growing up in Nashville, and I always thought that they made horrible real estate decisions,” she remembered. “So, literally from the age of 8, I was calling up our real estate broker at [Nashville-based real estate firm] Fridrich and Clark, going, ‘Hey, Whit. Taylor Middleton. I just saw that there’s an open house coming in the paper. And so if you could take my mom and my dad … and he’s calling my parents, like, ‘Are you guys in the market? And they’re like, ‘No, stop taking her calls.’”

    “‘Like, this is ridiculous,” she said with a smile. “So I always was kind of a real estate junkie. But then moving to New York, it wasn’t actually my plan to get into real estate. I kind of fell into it, thankfully and luckily. Just being super naive, thinking, ‘OK, I’ll figure this out, I’ve got this.’”

    Middleton explained that she saw unlimited potential in a real estate career, which appealed to her since she was unable to work for many years due to a long battle with Lyme disease. 

    “I had a lot of lost time to make up for,” she said. “And so not having a ceiling was very compelling, and anything that’s very entrepreneurial, I’ve always loved.”

    WATCH: ‘SELLING THE CITY’ STAR TAYLOR MIDDLETON SAYS SHE WAS ALWAYS A REAL ESTATE JUNKIE

    “Selling the City” is a New York City-based spin-off of Netflix’s mega-hit show “Selling Sunset.” The series follows both the professional and personal lives of the ambitious realtors at the Manhattan branch of the firm Douglas Elliman as they “navigate the cutthroat world of luxury real estate in New York City,” per the streaming network.

    In the show, Middleton candidly opened up about her marital woes and her past struggles with Adderall addiction. While speaking with FOX Business, Middleton explained that her efforts to overcome her substance abuse issues had given her the drive to succeed in New York’s challenging real estate market.

    “Each person’s method is different for cracking the Big Apple,” she said. “And to me, there’s a phrase in recovery that I always stand by where it’s like, ‘Don’t miss the miracle. Don’t give up before the miracle.’ And I think that that’s what sets people apart who make it in New York or who don’t.”

    “And for some people, it’s just not for them,” Middleton continued. “And that’s all respect there, too. But for me, it’s like you just have to keep going — during the markets where you make no money, during the years when you make no money.” 

    “If you have that belief and confidence in yourself, if you just keep going — and the universe is also telling you you’re on the right path — then it’s going to work out.” 

    selling the city jordyn, taylor, jade and gisselle walking down the street

    Middleton is starring in the show alongside seven other agents at Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Middleton, who numbers celebrities, CEOs and other wealthy individuals among her roster of clients, told FOX Business that she had recently closed her biggest real estate deal to date. The TV personality was part of a development team that sold a Manhattan penthouse for just under $17 million.

    “That was definitely a team effort. I did not do it alone, but that was a big milestone sale for me,” she said.

    FORMER ‘SELLING SUNSET’ STAR WARNS FLORIDA’S HIGH CONDO PRICES TURNING INTO ‘BIG ISSUE’ WITH RETIREES

    While closing transactions with high price tags is always a cause for celebration, Middleton explained that the sales she has found most rewarding were often those she made by establishing strong personal connections with her clients. 

    “It’s not about even the sale number or the deal volume, it’s about the relationship,” she said. 

    the selling the city cast at a work meeting

    The show follows the agents as they “navigate the cutthroat world of luxury real estate in New York City.” (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Middleton recalled meeting a couple who rented an apartment that she listed during the COVID-19 pandemic. Though she had not represented the pair in that deal, they stayed in touch and reached out to her when they were looking to buy a property in Manhattan.

    “We ended up finding them the most amazing apartment that worked for them and their family, where they started having kids and then their parents ended up getting a pied-à-terre” here in New York,” Middleton said.

    “They’re originally from the South,” she continued. “And so to be able to work with multiple family members on multiple deals, that’s the most rewarding, because you become really ingrained in a part of the fabric of these people’s life decisions. That’s the most rewarding part, where people feel comfortable enough with you that they refer you to family and friends.”

    eleanoria and taylor in nyc

    Eleonara Srugo recruited Middleton to join Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    In addition to Middleton, the “Selling the City” cast consists of seven other Douglas Elliman real estate agents, including team leader Eleonara Srugo. Srugo, who has drawn comparisons to “Selling Sunset” patriarch Jason Oppenheim, executed Douglas Elliman’s biggest real estate deal of 2023 after selling a $75 million listing. 

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    The New York native is ranked among the top-selling real estate agents by sales volume nationwide, according to her biography on Douglas Elliman’s website.

    During her interview with FOX Business, Middleton recalled that she was working at another firm before Srugo recruited her to Douglas Elliman. She hadn’t anticipated that her new gig would lead to reality TV fame, but she jumped at the opportunity to be part of the series when it came along.

    “I joined [Srugo’s] team and then from there, all of a sudden, this show is coming about, and it was just kind of like, ‘OK, I’ll take both,’” Middleton said with a laugh.

    WATCH: ‘SELLING THE CITY’ STAR TAYLOR MIDDLETON SHARES HER SECRET TO CRACKING NEW YORK’S LUXURY REAL ESTATE MARKET

    cast photo of selling the city

    “Selling the City” is currently streaming on Netflix. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Though she noted that starring in a reality show was uncharted territory for her, Middleton told Fox Business that being part of “Selling the City” was “amazing.”

    “It was such a great experience,” she said. “But it’s like the wild, wild West. There’s no manual for how to do it and how to balance it all — all the personalities and everything like that. Overall, 95% of it, I would do it again in a heartbeat. It was fantastic.” 

    “I feel like I learned so much about myself, and it was really fun, and it’s cool to be able to share your story, your professional life,” she continued. “It’s a highlight reel.”

    “It was very positive.”

    READ MORE FROM FOX BUSINESS

  • Home ownership remains a big part of the American Dream

    Home ownership remains a big part of the American Dream

    If you consider owning a home as part and parcel of the American Dream, you aren’t alone. A survey recently released by Realtor.com showed many American adults hold that belief.

    The proportion of U.S. adults that still consider home ownership to be a component of the American Dream stood at 75%, according to the Realtor.com survey.

    The survey involved about 2,200 adults in the U.S. and took place online Nov. 7-8.

    Homes in the Issaquah Highlands area of Issaquah, Washington on Tuesday, April 16, 2024.  (Photographer: David Ryder/Bloomberg via Getty Images / Getty Images)

    The association between homeownership and the American dream was observed most prominently among Baby Boomers, at 84%, per the real estate site.  

    TOP HOUSING MARKETS FOR 2025 REVEALED IN NEW FORECAST

    Generation X, millennials and Generation Z “agree but to a lesser degree” that owning a home remains an important aspect of the American dream. The survey found 74%, 69% and 67% of those generations respectively reported they hold that belief, Realtor.com said. 

    Many Americans aim to purchase a home of their own during their lifetimes. Nearly two-thirds of respondents reported that feat was a “life goal,” per the survey.  

    According to the Federal Reserve Bank of St. Louis, the U.S. homeownership rate hovered at 65.6% as of the third quarter of 2024. 

    Real estate auctions can be a great way to get a good deal on a home, but there are risks to consider.  (iStock / iStock)

    In the Realtor.com survey, half of American adults maintained they must become a homeowner to “achieve long-term wealth.”

    83% OF AMERICANS CONSIDER HOMEOWNERSHIP AN ESSENTIAL LIFE MILESTONE: SURVEY

    Of the generations, millennials reported ascribing to that belief the most, at 53%, per the survey. A similar share of Gen Z Americans – 52% – did as well. 

    “Home, and land, ownership has been part of the American dream for generations, and while current conditions around affordability and the availability of homes make ownership more challenging, many Americans still see that ideal of having a home that belongs to them as a key cornerstone of achieving both the American Dream and creating long-term wealth for themselves and their families,” Realtor.com Vice President of Research and Insights Laura Eddy said in a statement. 

    home sales

    Sold Home For Sale Sign and New House (iStock / iStock)

    Bullish feelings about the feasibility of personally becoming a homeowner were reported by 59% of Americans, according to the survey. Meanwhile, 20% “somewhat” or “strongly” disagreed with the notion that it was “achievable.” 

    LOOKING TO BUY YOUR FIRST HOME? THESE MARKETS ARE YOUR BEST BET IN 2025

    Homes in the U.S. sold for a median of $427,670 in December, marking a 6.3% jump from the same time in the prior year, according to a Jan. 17 Redfin report. More than 1.7 million homes were on the market as of that month. 

    Homebuyer demand “dipped at the end of the year because mortgage rates jumped,” Redfin said.  

    More recently, the 30-year fixed mortgage rate reached 7.04% on average the week of Jan. 16, according to Freddie Mac. That marked a 0.11 percentage point increase from the prior week.

     

  • Top trade association sends letters calling on big changes in 3 key departments: ‘Unleash American energy’

    Top trade association sends letters calling on big changes in 3 key departments: ‘Unleash American energy’

    FIRST ON FOX: A top national trade organization has sent letters to three departments in the Trump administration advocating for specific policies that the group believes will most effectively achieve President Trump’s goal to “unleash American energy” in the United States. 

    The American Exploration & Production Council, a national trade association representing the leading independent oil and natural gas exploration and production companies in the United States, sent letters to the Department of Energy, Department of Interior, and Environmental Protection Agency with specific guidelines on how to best jumpstart energy production.

    In the letter to the Department of Energy, AXPC made several requests including that the department “resume timely approval of liquefied natural gas (LNG) export approvals.”

    “U.S. LNG plays a critical role in geopolitical stability and supporting global emission reductions — a fact that has been confirmed numerous times over the past decade,” the letter states. “As the world’s largest natural gas producer, the U.S. is well positioned to meet the dual challenge of supplying the world with affordable, clean, and reliable energy all while reducing global emissions. This misguided permitting pause should be lifted immediately, and DOE should ensure that any public interest study uses well reasoned assumptions.”

    SEN KATIE BRITT: TRUMP AND HIS TEAM READY TO SUPERCHARGE AMERICA’S ECONOMY AND ENERGY SECTOR

    President Donald Trump is expected to enact major reforms aimed at increasing American energy independence (Getty Images)

    Other recommendations to DOE included promoting U.S. energy exports, creating fair access to export authorizations and avoiding unnecessary delays, providing greater certainty for critical energy and infrastructure, and enhancing energy reliability with advanced natural gas storage.

    “Our recommendations focus on policy priorities and actions within the Bureau of Land Management (BLM), the Fish and Wildlife Service (FWS), and some Department wide that we believe strike this critical balance and directly impact responsible onshore exploration, development, and production of oil and natural gas in the United States,” the letter to the Department of Interior explained. 

    “In alignment with the Trump administration’s goal to ‘Unleash American Energy’, including expanding oil and natural gas production on federal lands, these recommendations aim to support responsible American energy production while maintaining crucial environmental protections and fostering economic growth here at home.”

    NORTHERN HIGHLIGHTS: ALASKA’S ENERGY, SECURITY POLICIES ARE THE GUIDE FEDS NEED AMID TRANSITION, GROUP SAYS

    Recommendations to the DOI include, revoking the BLM’s Conservation & Landscape Health Rule and its implementing instructional memorandums, streamlining drilling permits, replacing the recent resources management plan amendments to align with western states’ priorities, and allowing for the commingling of oil and gas production for greater efficiency and environmental protection. 

    In the letter to the EPA, AXPC wrote that its recommendations “focus on policy priorities that we believe strike this critical balance and directly impact responsible onshore exploration, development, and production of oil and natural gas in the United States.”

    ENERGY EXPERT WEIGHS IN ON 23 STATE ATTORNEYS GENERAL SUING EPA OVER NEW METHANE EMISSIONS FEE

    Some of those recommendations include revising the source performance standards to “improve feasibility for emission controls” and “provide greater allowance for alternative technologies and approaches.”

    The letter also calls for reforms to the Clean Water Act and modifications to the Greenhouse Gas reporting rule. 

    “America is stronger, the world is safer, and the environment is cleaner when the United States is the world leader in energy production, and that is best achieved with sensible, workable, and durable policies out of Washington,” AXPC CEO Anne Bradbury told Fox News Digital in a statement. 

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     “That’s why America’s oil and natural gas producers look forward to working with the Trump administration’s goal of energy dominance and providing affordable, reliable, and ever-cleaner energy for the American people.”

    Trump’s nominees in all three departments have signaled that they intend to implement new policies and guidelines that significantly increase oil and gas production while easing regulations at the same time. 

    “When energy production is restricted in America, it doesn’t reduce demand. It just shifts production to countries like Russia and Iran, whose autocratic leaders not only don’t care at all about the environment, but they use their revenues from energy sales to fund wars against us and our allies,” DOI secretary nominee Doug Burgum said in his opening statement at his confirmation hearing. 

    “President Trump’s energy dominance vision will end those wars abroad and will make life more affordable for every family in America by driving down inflation. And President Trump will achieve those goals while championing clean air, clean water and protecting our beautiful lands.”

  • JD Vance’s first big VP moment on the horizon with possible cabinet tiebreaker vote

    JD Vance’s first big VP moment on the horizon with possible cabinet tiebreaker vote

    JD Vance’s first big moment as vice president is on the horizon as the Senate prepares confirmation votes on President Donald Trump’s picks to lead the CIA and Defense Department, which could require Vance stepping in with a tiebreaking vote. 

    Under the Constitution, vice presidents serve as the president of the Senate and are charged with the sole power of breaking tied votes in the chamber. Vance, who previously served in the Senate before his election as vice president, could employ this power in the coming days as lawmakers make their way through Trump’s cabinet picks. 

    Senate lawmakers swiftly and unanimously confirmed Marco Rubio as secretary of state in a 99–0 vote on Monday. Other cabinet and administration picks, however, are still making their way through committee hearings and final votes. 

    Senate lawmakers are set to vote on Trump’s pick for CIA director, John Ratcliffe, before voting on Trump’s pick to lead the Department of Defense, Pete Hegseth. Fox News learned earlier this week that lawmakers could deadlock on the confirmation vote for Hegseth, which would require Vance to step in. 

    THE HITCHHIKER’S GUIDE TO A PROBABLE WEEKEND SESSION TO CONFIRM TRUMP NOMINEES 

    Under the Constitution, vice presidents serve as the president of the Senate and are charged with the sole power of breaking tied votes in the chamber. The first big vice presidential moment for JD Vance, pictured here, may be a tiebreaking vote.  (Andrew Harnik/Getty Images)

    Republicans hold control of the Senate at 53 seats, compared to Democrats’ 45 seats and two independent seats. Fox News was told that Sens. Mitch McConnell, R-Ky., Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, could break with Trump’s secretary of defense nominee and vote against his confirmation.  

    Ratcliffe is scheduled for a confirmation vote Thursday, which will be followed by a procedural vote to advance Hegseth’s nomination. Vance could be called to Capitol Hill to break a tied vote if a handful of Republicans deny confirming the nominees. 

    Ratcliffe previously served as director of national intelligence under the first Trump administration, and was confirmed by the Senate in 2020 by a 49–44 vote. 

    Kamala Harris broke a nearly 200-year-old record for casting the most tiebreaking votes in her role as vice president when she issued her 32nd tiebreaking vote in 2023 regarding the confirmation of a federal judge. Democrats only had a 51-member majority over Republicans, who had a 49-person conference, during the 118th Congress.

    SEN. THUNE SUGGESTS STAYING THROUGH WEEKEND TO CONFIRM TRUMP PICKS AFTER DEMS DELAY VOTES: ‘SHOULDN’T BE HARD’

    The first Trump administration made history in 2017 when Mike Pence became the first vice president to deliver a tiebreaking vote to confirm a cabinet secretary. Pence voted to confirm Betsy DeVos as Secretary of Education after a 50–50 deadlock over the nominee. Pence also broke tie votes in 2018 to confirm Sen. Sam Brownback, R-Kan., as ambassador for religious freedom and to confirm Russ Vought as deputy director for the Office of Management and Budget. 

    Capitol Dome 119th Congress

    Kamala Harris broke a nearly 200-year-old record for casting the most tiebreaking votes in her role as vice president when she issued her 32nd in 2023.  (Bill Clark/CQ-Roll Call, Inc via Getty Images)

    Vance could see himself in a similar position as Republicans hold a tight majority in the chamber. 

    HEGSETH LAWYER SLAMS ‘FLAWED AND QUESTIONABLE AFFIDAVIT’ FROM EX-SISTER-IN-LAW

    Hegseth appeared before the Senate Armed Services Committee last week, where he faced a grilling from Democrats over his views on women serving in combat roles, infidelity and drinking habits. 

    Hegseth, a former Fox News host, has battled allegations of sexual misconduct, excessive drinking and mismanaging a veterans nonprofit organization. He has denied the allegations and vowed that he won’t drink “a drop of alcohol” if confirmed to Trump’s cabinet.

    Pete Hegseth

    Senate lawmakers are set to vote on Trump’s pick for CIA director, John Ratcliffe, before voting on Trump’s pick to lead the Department of Defense, Pete Hegseth, pictured here.  (Ben Curtis/The Associated Press)

    TOP 5 MOMENTS FROM PETE HEGSETH’S SENATE CONFIRMATION HEARING

    “Thank you to my incredible wife, Jennifer, who has changed my life and been with me throughout this entire process. I love you, sweetheart, and I thank God for you,” Hegseth said before the committee on Jan. 14, beginning to choke up in his emotional opening remarks. 

    “And as Jenny and I pray together every morning, all glory, regardless of the outcome, belongs to our Lord and Savior Jesus Christ,” he said. “His grace and mercy abounds each day. May His will be done.”

    Republican vice presidential candidate JD Vance speaks on stage on the third day of the Republican National Convention

    JD Vance, who previously served in the Senate before his election as vice president, could employ this power in the coming days as lawmakers make their way through Trump’s cabinet picks.  (Joe Raedle/Getty Images)

    Earlier this week, Democratic senators on the Armed Services Committee reviewed an affidavit that alleged Hegseth abused alcohol and, at times, made his ex-wife, Samantha, fear for her safety. The affidavit was filed by Danielle Hegseth, who was married to Pete Hegseth’s brother.

    Pete Hegseth’s lawyer pushed back in a statement that Hegseth’s ex-wife has never alleged abuse.  

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    “Sam has never alleged that there was any abuse,” attorney Tim Parlatore said in a comment to Fox News Digital on Tuesday. “She signed court documents acknowledging that there was no abuse and recently reaffirmed the same during her FBI interview. Belated claims by Danielle Dietrich, an anti-Trump, far-left Democrat who is divorced from Mr. Hegseth’s brother and never got along with the Hegseth family, do nothing to change that.” 

    Hegseth’s final leg of the confirmation process will unfold after lawmakers vote on Ratcliffe for CIA director — a process that could pour over into the weekend. 

    Fox News’ Chad Pergram contributed to this report.