The Stallones are on their way to the Hamptons! Sylvester Stallone has signed a contract to buy a $24.95 million mansion in East Hampton for his three daughters – Sophia, 28, Sistine, 26, and Scarlet, 22 – The Post reported Thursday. The “Rocky” star reportedly offered all cash for the eight-bedroom property, which has almost […]
The news many potential homebuyers have been waiting for is finally here: the Federal Reserve is cutting interest rates. Does that mean Bay Area home hunters should turn to Zillow in hopes of finding a cheap mortgage loan? Not yet, say local real estate experts. For the most part, lenders have already factored the interest […]
So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need to know in 10 seconds or less is that while mortgage rates probably won’t drop […]
September 18, 2024, 7:47 a.m. CDT In anticipation of a rate cut by the U.S. Federal Reserve, mortgage rates in the U.S. fell to their lowest level since September 2022 last week, triggering a flood of home purchase and refinancing applications. The contract interest rate on a 30-year fixed-rate mortgage fell 14 basis points to […]
A house with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Post | Newsday | Getty Images Mortgage rates fell again last week, and expectations that they could fall even further caused demand for mortgage loans, especially for refinancing, to suddenly skyrocket. The Federal Reserve is expected to make […]
HIGHLAND PARK, Ill. (CBS) — The Chicago area real estate market records a spectacular deal involving Michael Jordan’s North Shore mansion finally under contract after more than a dozen years. The sale is making headlines, but could it have an impact on the real estate market for other luxury properties or even regular homeowners? Experts […]
If you’ve always wanted to live like a real Hollywood movie star – and have a lot of money – now is your chance. A Beverly Hills home that was once home to the late legend Paul Newman and his 94-year-old Oscar-winning widow Joanne Woodward is now for sale for $45,000 a month in rent. […]
Kamala Harris briefs crowd in Raleigh on affordable housing plan Democratic candidate Kamala Harris visited Raleigh, North Carolina, to talk about her economic program and affordable housing. Home closings fell to a more than 20-year low in July as mortgage rates remained high, supply was tight and many homebuyers seemed to have simply given up […]
The number of contracts to buy used homes in the U.S. fell to a record low in July as higher prices and borrowing costs priced potential buyers out of the market. The National Association of Realtors said Thursday that its pending home sales index, based on signed contracts, fell 5.5 percent to 70.2 last month, […]
Step back in time at this magnificent 111-year-old mansion on East Avenue in Rochester. Price This 1,548 square foot home at 935 East Ave. is listed for $2,700,000, according to the real estate listing. Location The mansion sits on a 3.5-acre lot at the corner of East Avenue and Barrington Street, adjacent to Rochester’s popular […]
