During a period when much of the U.S. housing market has been restrained by high interest rates, low inventory and a rising median price, luxury home sales have been the outlier. Affluent home buyers typically aren’t deterred by high interest rates. Nearly half the time, they buy in cash, according to a Redfin report earlier […]
For the first time in more than four years, the Federal Reserve cut interest rates in a move that was long anticipated in response to cooling inflation in the U.S. economy and the need to lower borrowing costs. The half-point cut brought the range to 4.75%-5%, signaling a relatively aggressive approach from the Fed to […]
In recent years, the housing market has undergone a significant transformation. The dream of homeownership, once a cornerstone of the American Dream, is becoming increasingly difficult for many. With the sharp rise in mortgage interest rates, more people are turning to renting as a more feasible alternative. This shift has created a unique opportunity for […]
High mortgage rates and the rising median price of U.S. homes has put a dent in most home sales categories, but the small market for ultra luxury properties is heating up. Through July 15, six homes valued at more than $100,000 million have sold in the United States, CNBC reported. At the current pace of […]
One of the greatest challenges facing home buyers in recent years is that there simply haven’t been enough properties available on the market. Low inventory drives competition and increases home prices, which pinches buyers already strained by high mortgage rates. The welcome news is that home inventory is showing signs of a rebound. Housing Wire […]
In February I published this article to stress the importance of recognizing and celebrating milestones. Adapting to market conditions is a full-time effort that comes with great risk and even greater rewards if done correctly. In addition to mortgage servicing and real estate assets, we just reached a new milestone that is worth sharing as […]
About four in five people in the United States believe owning a home is a benchmark of achieving the “American dream,” according to Bankrate’s recent Home Affordability report. But is it the right move in a difficult housing market? The median price of a home in the U.S. is about $420,000. Rates for a 30-year […]
Entering 2024, many prospective home buyers were optimistic about the possibility of mortgage rates declining enough for them to broaden their options when house shopping. But entering the typically busy spring market, the Federal Reserve still hasn’t moved to slash the benchmark interest rate that tends to pull down mortgage rates with it. There’s still […]
The total value of the U.S. housing market climbed 5.3% last year to $47.5 trillion, rising by $2.4 trillion amid an ongoing shortage of homes, according to new data. Redfin reported that a major factor in the nation’s increasing home values is the reluctance of homeowners to list their properties for sale. The so-called “lock […]
The Breakers in Palm Beach was taken over by Ferrari’s this weekend with the successful completion of the 33rd annual Palm Beach Cavallino Classic. More than 2,000 people attended the event to see 150 Ferraris on display at the “Concorso d’Eleganza.” The event, organized by Conossa, is considered to be one of the largest Ferrari […]
