Category Archives: Real Estate News

Yet most homes priced at $100 million or more end up selling at a fraction of that price. The Versace mansion in Miami, also known as Casa Casuarina, was on the market this year for $125 million. It sold at … Continue reading →

“Following the Federal Reserve’s taper announcement, mortgage application volume dropped again last week, with rates increasing and refinance application volume falling to its lowest level since November 2008,” Mike Fratantoni, MBA’s vice president of research and economics, said in a … Continue reading →

Signed purchase contracts for newly built homes were down slightly in November, according to government data, but only after an unexpected upward revision to October’s reading and a strange sales surge in the South. October’s national numbers were already up … Continue reading →

The fees, both general and new risk-based fees and announced by DeMarco earlier, could have raised interest rates by up to three quarters of a percentage point. (Read more: Mortgage rates to rise, but not because of tapering-yet) After the … Continue reading →

“I take issue with the NAHB’s belief that higher rates hasn’t deterred buyers, as the purchase component of weekly mortgage applications are near the lowest of the year, and as the [number] of first-time homebuyers still remain well below historical … Continue reading →