March 2024

As Mortgage Rates Dip, Homeowners With High Rates Move to Refinance

As Mortgage Rates Dip, Homeowners With High Rates Move to Refinance

The numbers: Mortgage applications inched up, driven by an increase in refinances by homeowners with near-peak rates. With the 30-year mortgage dipping below 7% in the latest week, homeowners who took on mortgages when rates were at or near 8% refinanced their loans to bring down interest costs. Consequently, the overall market-composite index—a measure ofRead …

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Turning Point USA Founder Charlie Kirk Is Selling His Scottsdale Mansion for $6.5M

Turning Point USA Founder Charlie Kirk Is Selling His Scottsdale Mansion for $6.5M

Charlie Kirk, founder of the conservative youth activist organization Turning Point USA, is turning away from his [Scottsdale, AZ,](https://www.realtor.com/realestateandhomes-search/Scottsdale_AZ) property. The political pundit has listed the six-bedroom, six-bath home for $6,495,000. The 6,800-square-foot home last changed hands in June 2023 for $4,750,000. Located in the upscale Silverleaf community, the custom-built mansion sits on a premiumRead …

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Flash Sale: Frank Lloyd Wright-Designed Home in Chicago Area Lands a Buyer in 4 Days

Flash Sale: Frank Lloyd Wright-Designed Home in Chicago Area Lands a Buyer in 4 Days

Listing agent Julie Fleetwood, of Jameson Sotheby’s International Realty , knew a small home with amazing architectural pedigree in the tony North Shore suburb of Wilmette, IL , would attract attention—but not this much. “We did showings last week and a three-hour open house on Saturday, where I would venture there were 100 people,” FleetwoodRead …

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The bank of mom and dad — how to compete against ‘nepo homebuyers’

The bank of mom and dad — how to compete against ‘nepo homebuyers’

You might find yourself wondering how your friend, who seems to be in the same economic pond as you, can afford that sweet three-bedroom, three-bath home (with a finished basement) while you can barely afford your rental. The answer? Your friend might have taken out a loan from the Bank of Mom and Dad. WithRead …

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Mortgage Rates Just Dropped—and So Have Home Prices. Is This the Start of a ‘Sustainable Trend’?

Mortgage Rates Just Dropped—and So Have Home Prices. Is This the Start of a ‘Sustainable Trend’?

The unpredictable mortgage rate ride continued this week—and landed in a positive place. The average rate for a 30-year fixed home loan ticked down from 6.88% to 6.74% for the week ending March 14, according to Freddie Mac. “The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percentRead …

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The 5 States With the Most Young Adults Still Living With Their Parents—and the 5 With the Fewest

The 5 States With the Most Young Adults Still Living With Their Parents—and the 5 With the Fewest

Many young adults have found a way to beat [high housing costs](https://www.realtor.com/news/trends/housing-inventory-february-2024/): living with their parents. About a fifth, or 19.1%, of young adults aged 25–34 live with their parents and in-laws, according to a [recent report](https://eyeonhousing.org/2024/02/young-adults-living-with-parents-state-differences/) from the National Association of Home Builders. And some states have a much higher percentage of younger folksRead …

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California Ranch Gets a Half-Price Discount and Is Still the Week’s Most Expensive Home

California Ranch Gets a Half-Price Discount and Is Still the Week’s Most Expensive Home

A 3,600-acre ranch in [Ojai, CA](https://www.realtor.com/realestateandhomes-search/Ojai_CA), has resurfaced on the market—with an astonishing 50% price reduction. But even with the discount, it’s still the week’s most expensive home on Realtor.com®. According to [The Real Deal](https://therealdeal.com/la/2021/05/12/3-6k-acre-working-ranch-lists-at-100m/), the sprawling property with numerous structures is owned by Richard Gilleland, a medical equipment manufacturing executive. When it initially landedRead …

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Rapper to Riches: YoungBoy Never Broke Again Lists His Salt Lake City Mansion for $5.5M

Rapper to Riches: YoungBoy Never Broke Again Lists His Salt Lake City Mansion for $5.5M

Rap artist YoungBoy Never Broke Again just put his sprawling Salt Lake City mansion on the market for $5.5 million. YoungBoy, whose given name is Kentrell DeSean Gaulden, is poised to unload an “architectural masterpiece,” to borrow language from the listing. The rapper has lived in the place while under house arrest, according to BillboardRead …

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