Author name: beafloridian.com

New-home construction dropped by 11.3% in August, falling short of expectations as builders shifted their focus from new starts to project completions due to elevated mortgage rates surpassing 7%. The annual pace of housing starts fell to 1.28 million, with single-family home construction posting a 4.3% decline and apartment construction plummeting by 26.3%, according toRead …

How Elevated Mortgage Rates Are Affecting Housing Starts Read More »

Starter homes—traditionally the entry point for first-time buyers—are now often out of reach for first-time buyers due to bidding wars and fast-rising prices in a market where median home list prices have surged 38%, mortgage rates have doubled, and the housing shortage has worsened over the last four years. The price of an “affordable” starterRead …

Entry-Level Homes Are a Reach for First-Time Buyers Read More »

High mortgage rates are driving a housing market slowdown and leading to reduced home sales and a dwindling supply of available Many sellers are reluctant to give up their low mortgage rates secured during the pandemic, exacerbating the inventory…

Kansas City Chiefs quarterback and two-time Super Bowl champ Patrick Mahomes is trying again to find a buyer for his Kansas City, MO, penthouse. The asking price is $550,000, a 13% increase on the pad’s $485,000 price tag back in 2019. Unable to match his on-field success four years ago, Mahomes is taking another crackRead …

Patrick Mahomes takes another pass at selling his Kansas City penthouse Read More »

Funny lady Melissa McCarthy and actor/comedian husband Ben Falcone recently placed their Atlanta mansion on the market for $4.9 million. And already, the photogenic property has attracted an offer—after just 12 days on the market, it’s pending sale. The Hollywood couple, who both appeared in the hit comedy “Bridesmaids,” bought the home in April 2018Read …

Just Peachy! Melissa McCarthy’s lovely $4.9 million Atlanta spread is pending sale Read More »