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Real Estate
$9.5M home on Iowa lake notches new state record with sale
Check out what's clicking on FoxBusiness.com A buyer scooped up a lakefront home in northwest Iowa this week for a record seven-figures. The $9.5 million the person paid for the nearly 25,000-square-foot Spirit Lake, Iowa house…
Mortgage rates plunge to lowest level in over a year
A "For Sale" sign in front of a home in Arlington, Virginia, on Aug. 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to…
Housing prices in Florida, Texas will get ‘more affordable’: Redfin CEO
Redfin CEO Glenn Kelman assesses the impact of the Fed's inflation fight on the housing industry and homebuyers. The Federal Reserve’s handling of rate cuts will play a vital role in the housing market’s affordability this year, but…
What that means for you
Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York.Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesNow, as the central bank sets the stage to lower interest rates for the…
Housing costs hit record high levels across the country
Economists predict mortgage rates will remain elevated for the rest of the year and will only begin to fall once the Federal Reserve starts cutting rates. The high cost of housing is making it hard for many Americans to make ends…
How to know if you should refinance your mortgage or buy a house
Valentinrussanov | E+ | Getty ImagesThe Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down.Even small cuts in rates could make a meaningful difference in what a…
Forget Palm Beach, this Florida city boasts $47M mansion for sale
The lot itself sprawls nearly 16,300 square feet. It "rests on one of Fort Lauderdale’s most enviable and wide channels, offering 108 square feet of prime deep water-frontage for super yachts," The Agency said in the listing. The city…
‘Climate gentrification’ fuels higher prices for longtime Miami residents
A development towers over the Lyric Theater in Miami's Overtown neighborhood.Greg IacurciMIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami.In its…
Redfin CEO says housing market is in a ‘funk’ as homebuyers weigh election
| Fox News "Until America builds more housing over the next five or 10 years, we might be in a low sales volume market. Maybe the election will make a difference, just because people can get back to the basic activities of commerce.…
Kamala Harris has supported affordable housing in the past
Vice President Kamala Harris speaks on the South Lawn of the White House in Washington, D.C., on July 22, 2024.Ting Shen | Bloomberg | Getty ImagesHarris' record on housing issuesAs attorney general for California, Harris drafted and…