At last, “the time has come” for interest rate cuts. Earlier on Friday, Federal Reserve Chair Jerome Powell gave would-be homebuyers and sellers some much needed hope. At the central bank’s annual gathering in the Grand Teton National Park in Jackson Hole, WY, Powell said, “We do not seek or welcome further cooling in laborRead …
Fed’s Jerome Powell Says the ‘Time Has Come’ for Rate Cuts After 23-Year High Read More »
Is there anything Oprah Winfrey can’t do? On Wednesday night, the billionaire media mogul blew the roof off the Democratic National Convention with a barn burner of a speech. Clad head-to-toe in purple, the 70-year-old brought the Chicago crowd to their feet with her surprise appearance at the convention. The self-proclaimed “registered independent” began herRead …
By Claudine Zap Aug 22, 2024 Envelope Facebook Twitter Linkedin PinterestRead More
Mortgage rates fell this week, with the average rate for a 30-year fixed home loan going from 6.49% last week to 6.46% for the week ending Aug. 22, according to Freddie Mac. “Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downwardRead …
Mortgage Rates Fall to 6.46% During ‘Buyer-Friendly End of Summer’ Read More »
By Charlie Lankston Aug 22, 2024 Envelope Facebook Twitter Linkedin Pinterest Share A cryptocurrency multimillionaire has just offloaded a stunning Lake Tahoe property for $47.5 million, making it one of the most expensive properties to ever be sold in the upmarket area. Jeffrey Berns , the founder and CEO of tech company Blockchains, had listedRead …
Sales of previously owned homes increased slightly last month, but remained near historic lows as many homebuyers waited on the sidelines for mortgage rates to fall further. Total existing-home sales ticked up 1.3% from June, to a seasonally adjusted annual rate of 3.95 million in July, the National Association of Realtors® reported on Thursday. TheRead …
Sales of Existing Homes Tick Up in July but Remain Sluggish Ahead of Rate Cut Read More »
“Clueless” star Alicia Silverstone suffered a truly “clueless” moment when she plucked an unknown berry out of a stranger’s yard and popped it into her mouth—only to later discover that the mystery fruit was poisonous. In a video posted to her Instagram account on Aug. 19, Silverstone, 47, who is based in Los Angeles, askedRead …
Controversial comedian and Netflix star Chris D’Elia has listed his four-bedroom Los Angeles home for $3,750,000—four years after his career went down in flames when he was accused of sexual misconduct by multiple women. D’Elia, 44, found himself at the center of a furious scandal in summer 2020, when multiple women came forward with claimsRead …
There are 41,618 unique ZIP codes in the United States. With that many options, how can buyers search for a dream home that’s not out of their budget? Enter the Realtor.com® annual Hottest ZIP Codes of 2024, which highlights the markets where homebuyers are shopping like crazy and making offers at record speed due toRead …
America’s Hottest ZIP Codes in 2024: 10 Surprising Markets Homebuyers Love Read More »
Billionaire Tesla founder Elon Musk has moved to foreclose on actor Gene Wilder ‘s former home—after loaning the “Willa Wonka” star’s nephew millions of dollars to help him buy the iconic Los Angeles property. Musk, 53, was hailed for his generosity after it was revealed that he had not only agreed to sell the homeRead …
Elon Musk Foreclosing on $13 Million Former Home of Gene Wilder Read More »
