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 …
Read More »These Are the Cities Where It’s Cheaper to Buy Than Rent Right Now
“For what you pay in rent for that urban studio, you could have a whole five-bedroom house in…” The question on whether to rent or buy is dependent on many factors other than the pay check one shells out every month for housing — one’s city and even neighborhood, plans …
Read More »Kevin Costner lists Aspen ranch for rent — for $36K/month
Kevin Costner may not be willing to give up his “Yellowstone” ranch in Montana, but he is saying welcome to his real-life ranch in Colorado. The recent Golden Globe winner is renting his 160-acre Aspen estate for a colossal $36,000 per night, The Post has learned. The property went up …
Read More »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 …
Read More »The rental housing trends of 2022 are carried forward into 2023
2022 is so last year — but a few rental housing trends in 2022 are well worth noting for this year. The top rental housing trends of 2022 were: slowing rental price growth; an increasing number of units available to rent; and declining tenant interest to form new households, according …
Read More »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 …
Read More »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 …
Read More »Ivanka and Jared’s rent could increase under new landlord
Ivanka Trump and Jared Kushner could see a price hike in their already high-priced rental in Miami Beach. Their six-bedroom, eight-bathroom oceanfront unit is currently estimated at $47,000 per month. But with a new landlord — thanks to the unit just changing hands, according to the Wall Street Journal — …
Read More »“Share of Mortgage Loans in Forbearance Remains Flat at 0.70% in December”
by Calculated Risk on 1/23/2023 04:00:00 PM Note: This is as of December 31st. From the MBA: Share of Mortgage Loans in Forbearance Remains Flat at 0.70% in December The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat …
Read More »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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