Mortgage Rates Rise to 6.49% Despite Iran Deal as Buyers Face a ‘New Normal’
Mortgage rates ticked up Thursday, signaling that the recent U.S.-Iran peace agreement and accompanying drop in oil prices have not been enough to ease economic uncertainty. The average rate on 30-year fixed home loans advanced to 6.49% for the week ending June 25, up 2 basis points from 6.47% the p
Mamdani’s Rent Freeze Passes—and New Yorkers May Pay a Steep Price
A member of the Rent Guidelines Board (RGB) resigned ahead of its highly anticipated vote to freeze rents on the city’s more than 1 million rent-stabilized apartments. In her resignation letter, Christina Smyth all but confirmed that the board would approve a 0% increase—a marquee campaign promise o
San Diego’s ‘Iconic Waterfall House’ With Its Own Grotto Pool in the Living Room Hits the Market for $3.4 Million
A San Diego home with its own private grotto at the center of the living room has bobbed back onto the market for $3.4 million, offering up a truly "one-of-a-kind" opportunity to own one of the city's "most unique architectural residences." Built in 1980 by celebrated California architect Rob Wellin
Luxury NYC Co-ops Are Outselling Condos for the First Time in 4 Years
For the first time since October 2022, elite New Yorker homebuyers opted for the co-op over the condominium, according to a new report. For the week ending June 21, 12 luxury co-ops priced at $4 million-plus were sold in Manhattan, versus only 10 condos, marking the first week in almost four years w
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