Mortgage Calculator: Here’s How Much You Need To Buy a $399,950 Home at a 6.09% Rate
Mortgage rates for a 30-year fixed loan spiked slightly this week to 6.09%, up from 6.06% last week. While still hovering in the lowest rates of the last three years, the uptick is likely due to concerns of volatility in the bond market due to ongoing tensions between the U.S. and the European Union
Six Major Metros Are Building More Housing—but Only for the Rich
Coastal and Sun Belt cities are ramping up construction on housing—but not the kind of housing that most people can afford, with supply dominated by larger homes and tiny apartments priced for high-income earners. That's according to a new study from the Georgetown University Center on Poverty and I
EXCLUSIVE: Billionaire Ron Burkle Lists His Malibu Beach ‘Cottage’ for $20 Million—After Saving $2.7 Billion Soho House Privatization Deal
Billionaire Ron Burkle has had a busy week, not only stepping in to "rescue" exclusive members' club Soho House's flailing privatization deal—but also bringing his tony Malibu, CA, beach cottage to the market for the sky-high price of $19.9 million. Burkle, who has a net worth of $3.7 billion, accor
Homebuyers Keep Waiting for the Silver Tsunami. It Might Not Show Up
More homes are being inherited than ever, raising the question of whether the long-awaited “Silver Tsunami” is finally here. Baby boomers are sitting on nearly $19 trillion in housing, or nearly half of the nation’s real estate wealth. For years, the industry has expected that stock to hit the marke
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