Tag Archives: Real Estate

LA home built on 60-foot stilts lists for $16M

This home is not for the faint of heart. A Los Angeles mansion built on 60-foot caissons on famed Mulholland Drive has hit the market for $16 million. Known as the Garcia House, the three-bedroom, three-bathroom property was last sold by actor Vincent Gallo in 2002 for $1.2 million. The …

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Metros where U.S. rent prices have dropped the most

Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate brokerage HouseCanary. At …

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Mortgage Rates Fall to 6.13%

Text size Homebuyers are still concerned about high mortgage rates. Micah Green/Bloomberg Mortgage rates fell for the third consecutive week. The retreat has prompted optimism for the housing market—but it may be too soon to say how it will translate for the normally busy spring season. The average rate on …

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The LIBOR to SOFR Transition

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators (MLOs). This video breaks down the LIBOR scandal and why lenders have transitioned to SOFR. For course credit toward renewing your NMLS license, visit firsttuesday.us. What was the LIBOR? The London Interbank Offered …

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UFO-style dome home in Connecticut on market for first time

It’s as if an unidentified flying object touched down in bucolic Redding, Ct., just 60 miles from Midtown Manhattan But the curious 3,100-square-foot sphere is actually a rare geodesic dome home with two bedrooms and two baths, central air conditioning and an observation cupola providing 360-degree views — perfect for …

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