Author name: Szabi

Here Comes the Real Estate: Kennebunk Serves Up a Delicious ‘Wedding Cake House’ for $2.6M

Here Comes the Real Estate: Kennebunk Serves Up a Delicious ‘Wedding Cake House’ for $2.6M

Easily distinguished by its icing-like trim, the picture-perfect, white-and-yellow landmark boasts eight bedrooms in 6,263 square feet of living space. Its serene setting on 2.2 acres overlooking Kennebunk River makes it extra special. “Iit’s very unusual from the exterior with the detail, trim, and molding,” says listing agent Nathan McCabe, of Pack Maynard & AssociatesRead …

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The Pandemic Roiled the Housing Market—but Small Signs Show It’s Finally Bouncing Back

The Pandemic Roiled the Housing Market—but Small Signs Show It’s Finally Bouncing Back

It’s no secret that the pandemic upended the housing market—and the fallout is still reverberating today, affecting homebuyers and sellers. A quick recap: In the past four years, list prices shot up, the number of properties on the market plunged, and home sales dropped dramatically. “Some of the problems that existed before the pandemic wereRead …

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The Big Takeaway From the Fed Meeting That Could Make—or Break—the Housing Market

The Big Takeaway From the Fed Meeting That Could Make—or Break—the Housing Market

Those hoping to purchase a home soon have been watching mortgage rates closely, biding their time until rates come down enough for them to pounce. Unfortunately, these buyers might be waiting a while longer. The U.S. Federal Reserve announced on Wednesday that it was holding interest rates steady for now—instead of lowering them as manyRead …

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Michelle Mack of ‘California Girls’ Cosmetics Theft Ring Desperately Tries To Unload San Diego Mansion

Michelle Mack of ‘California Girls’ Cosmetics Theft Ring Desperately Tries To Unload San Diego Mansion

Michelle Mack, the woman charged with masterminding a theft ring known as the “ California Girls ,” is desperately trying to unload the San Diego -area mansion where she allegedly based her criminal activities. The home in Bonsall, CA , hit the market in mid-February. The price was slashed twice in the 10 days afterRead …

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As Mortgage Rates Rise, Fresh Real Estate Listings Hit a Near 3-Year High

As Mortgage Rates Rise, Fresh Real Estate Listings Hit a Near 3-Year High

Mortgage rates rose this week, following much anticipated news by the Federal Reserve this Wednesday to hold its benchmark borrowing rates steady. The average rate for a 30-year fixed home loan inched up from 6.74% to 6.87% for the week ending March 21, according to Freddie Mac. “After decreasing for a couple of weeks, mortgageRead …

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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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