Mortgage rates broke out of their recent holding pattern, rising sharply last week and triggering a noticeable slowdown in application volume. Total mortgage applications fell 5.1%, per the Mortgage Bankers Association’s latest seasonally adjusted data. The average 30-year fixed mortgage rate for loans under $806,500 climbed to 6.92%, up from 6.86% the week prior. Borrowers […]
If you’ve been keeping an eye on the housing market, you may have seen headlines recently about home prices falling in some parts of the country. A new report from Redfin says that 11 of the 50 most popular metro areas saw year-over-year price declines, marking the most widespread drop in over a year. At […]
The Palm Beach real estate market has long been synonymous with luxury, wealth, and prime investment opportunities. However, global economic shifts—most notably the ongoing trade war—are creating temporary fluctuations in construction costs. While these short-term hurdles may cause concern for developers and investors, a closer look at the broader economic landscape suggests that President Trump’s […]
I’ve spent more than 36 years in the residential mortgage business, securing over fifty billion in serving along the way. Over time, my investments have grown to include both national and global real estate, and I’ve even ventured successfully into the crypto market. With this broad background, I’ve seen firsthand how government policies can shape opportunities […]
Over the past few years, I set out on a journey into the world of cryptocurrency trading. What started as mere curiosity quickly evolved into a full-fledged pursuit of knowledge, strategy, and financial opportunity with assets of over $500M in crypto and crypto mining. The experience has been a whirlwind of highs and lows, but […]
The pace of growth in U.S. home prices is finally showing signs of a slowdown as 2024 comes to a close. The Case-Shiller U.S. National Home Price NSA Index found that annual home price growth stood at 3.9% in September, slightly down from 4.2% in August. The trend coincides with the U.S. Federal Reserve cutting […]
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 […]
