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 […]
This weekend, Jan. 25-28, I’ll be attending The Cavallino Classic at The Breakers in Palm Beach. Please join me for a beautiful weekend admiring the world’s most beautiful Ferraris in an exquisite resort setting. Since 1992, the Cavallino Classic has served as the foundation for preserving Enzo Ferrari’s legacy and is a great way to […]
The U.S. real estate market has been an obstacle course for many young people seeking to buy homes, particularly those with enough room for children. The combination of low home supply, rising prices and high mortgage rates poses persistent challenges for Millennials and Gen Zers beginning to start families and enter the housing market. The […]
The end of 2023 has brought the first hints of a softening of the housing market that could awaken buyer demand and entice more home owners to list their properties for sale. The average rate for the 30-year fixed mortgage fell again this week to 6.61%, now down more than a full point from 7.79% […]
