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Real Estate
Why mortgage rates jumped despite Fed interest rate cut
Homebuyers touring a house with a real estate agent.sturti | GettyThe Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased.The 30-year fixed rate mortgage spiked to 6.72%…
November home sales surged more than expected
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesSales of previously owned homes rose 4.8% in November compared with October, according to the National…
Top US vacation home markets for 2024
Troy Dean Home CEO Troy Ippolito and Compass founding agent Steve Hall talk about the likelihood of Elon Musk purchasing a property near Mar-a-Lago, or the tech innovation hub of Miami. There were some shifts in the rankings for…
Dozens of luxury high-rise buildings in South Florida are sinking
'Mansion Global' host Katrina Campins on Citadel unveiling its plans for its headquarters and the growth Miami, Florida has seen over the years. Miami’s barrier islands are home to many tall luxury buildings, and, according to a…
Mortgage refinance demand surges 27%, as interest rates drop for the third
Mortgage rates fell again last week, and while the drop wasn't huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the…
Real estate stars Oren, Tal Alexander, brother charged with sex trafficking
Photographs of the suspects are displayed on a television screen while State Attorney Katherine Fernandez speaks during a press conference to announce that the co-founders of the U.S. luxury real estate brokerage Official have been…
How to handle unverifiable income when applying for a mortgage
Sdi Productions | E+ | Getty ImagesA number of factors can get your mortgage application denied. So-called "unverifiable income" is one of them. Mortgage lenders want to know if you're financially capable of paying back the loan. One way…
Eric Trump reveals rendering of Trump Tower project in Saudi Arabia
Eric Trump revealed a video rendering of a new luxury Trump Tower project launching in Jeddah, Saudi Arabia. (Credit: @EricTrump via X) Eric Trump, the son of President-elect Trump, on Wednesday revealed a video rendering of a new…
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings that are at least 30 years old, as was the…
Here’s what to watch out for in the 2025 housing market
Miniseries | E+ | Getty ImagesHousing is not cheap — whether you're buying or renting. In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the latest data by…