Rising Mortgage Rates Drive Down Home Loan Application Demand
Mortgage applications suffered another setback last week as rising interest rates dragged down demand for home loans, according to the Mortgage Bankers Association. For the week ending July 10, MBA's Market Composite Index—a measure of total mortgage loan application volume—shed 2.7% on a seasonally
Jenny Hits a Block: Sale of Jennifer Lopez and Ben Affleck’s $50 Million Marital Mansion Stalls as Mystery Buyer ‘Falls Through’
Jennifer Lopez's attempt to finally offload the Beverly Hills mansion she shared with ex-husband Ben Affleck has reportedly suffered a significant setback after a mystery buyer who had entered escrow on the $50 million property allegedly walked away from the deal. Just days after one of Lopez's brok
Nantucket Leads the Nation in Luxury Second Homes, and Even Humble Shacks on the Island Sell for Millions
Nantucket, a former whaling hub in Massachusetts that's roughly 14 miles long and averages 3.5 miles in width, reserves 50% of the island for conservation, putting it off-limits to future development. Consequently, land and homes on the tiny island come at a steep premium, earning what used to be a
The City That Never Heats: This Hot Housing Market Never Hits 100 Degrees—and It Matters to New Home Buyers
Large swaths of the United States have had to deal with sweltering heat waves since March of this year. And this week, from Salt Lake City to Boston, people are living under extreme heat warnings once again. But one metro area is almost guaranteed to stay cool, at least relative to other major citie
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