Author name: Szabi

Mortgage rates dropped this week after pushing dangerously close to 7%. The average rate for a 30-year fixed home loan ticked down from 6.94% to 6.88% for the week ending March 7, according to Freddie Mac. “Evidence that purchase demand remains sensitive to interest rate changes was on display this week, as applications rose forRead …

Mortgage Rates Just Dropped—but the Housing Market Got Even Better News This Week Read More »

Here’s a rare opportunity to be witness to a divine real estate intervention. A spiritual sanctuary once used as a convent and reborn as a luxury residence in Butte, MT , is the week’s most popular home. The brick structure still features vestiges of its storied past. Also getting attention this week were a newlyRead …

Sister Act: Former Montana Convent Reborn as a $929K Luxury Residence Is the Week’s Most Popular Home Read More »

Fears of another recession striking have been mounting as the Federal Reserve has attempted to slow the U.S. economy down by raising interest rates. While the Fed’s rate increases brought the real estate market to a near halt and contributed to the scores of layoffs at some high-profile companies , it’s looking more likely thatRead …

Recession Watch: Would a Downturn Clobber the Housing Market or Make It Affordable Again? Read More »

Consumer sentiment in housing rose in January to the highest level in nearly two years, as people felt more confident about their jobs and expected mortgage rates to fall. The sentiment was measured by a [monthly survey ](https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey)by Fannie Mae. The monthly Home Purchase Sentiment Index rose 3.5 points in January to 70.7—the highest levelRead …

Housing Sentiment Jumps to Highest Level Since March 2022 Read More »

Sounds like someone had a change of heart. Late television journalist Barbara Walters‘ former Upper East Side apartment in New York City was recently under contract for $17,750,000. No longer, though. Last April, the five-bedroom, 5.5-bath abode was listed for $19,750,000. But today, Walters’ longtime Fifth Avenue pad is still available and back on theRead …

Barbara Walters’ Plush NYC Apartment Returns to the Market at a Discounted $17M Read More »

The nation’s most famous groundhog, Punxsutawney Phil, made headlines on Friday when he didn’t see his shadow, indicating spring is just around the bend. But what might be even more remarkable is the real estate market in Phil’s hometown of [Punxsutawney, PA](https://www.realtor.com/realestateandhomes-search/Punxsutawney_PA), about 90 minutes northeast of [Pittsburgh](https://realtor.com/realestateandhomes-search/Pittsburgh_PA). Home prices in the small rural townRead …

The Punxsutawney Effect: Why a Home Price Surge in Phil’s Hometown Offers Hope for the U.S. Housing Market Read More »

What does the real estate market need after years of being first overheated during the COVID-19 housing boom and then effectively frozen by the high mortgage rates that followed? A run at plain old room temperature. The market appeared to be heading in that more typical direction in the week ending Jan. 20. “This pastRead …

The Housing Market Just Showed a Sudden, Miraculous ‘Return to Normal’ Read More »

A geometric, contemporary showstopper in [Fort Myers, FL](https://www.realtor.com/realestateandhomes-search/Fort-Myers_FL), hit the market in December for $1.9 million. The three-bedroom, 2.5-bath abode at [13801 Freshman Lane](https://www.realtor.com/realestateandhomes-detail/13801-Freshman-Ln_Fort-Myers_FL_33912_M54976-60408) was built in 2001 by [Chicago](https://www.realtor.com/realestateandhomes-search/Chicago_IL)-based architect Michael Damore. And he had a demanding client: himself. In addition to nabbing a design award from the American Institute of Architects, the artisticRead …

Award-Winning Escape: Ultramodern Florida Hideaway Hits the Market for $1.9M Read More »

A five-level [mountain retreat](https://www.realtor.com/realestateandhomes-detail/432-Amy-Creek-Cir_Ellijay_GA_30540_M50868-54167) in [Ellijay, GA](https://www.realtor.com/realestateandhomes-search/Ellijay_GA), is all about the views. “The long-range views are incredible year round,” says listing agent Regina Payne, with Re/Max Town and Country. The vertical build on 1.5 acres was just completed this month and is listed for $1,475,000. “It was built as a spec house,” Payne explains, addingRead …

5-Story Mountain Lodge in Georgia Climbs Onto the Market for Nearly $1.5M Read More »

A [diamond-in-the-rough](https://www.realtor.com/realestateandhomes-detail/2850-Crestwood-Ave_Chattanooga_TN_37415_M89536-49890) in [Chattanooga, TN](https://www.realtor.com/realestateandhomes-search/Chattanooga_TN), was swooped up by a buyer so quickly, you’d swear it was the hot housing market of 2021 all over again. After just four days on the market, 140 showings booked by Realtors®, and 27 offers, the three-bedroom home priced at $450,000 went under contract. It also made the Realtor.comRead …

Buyers Flipped for This 1957 Modernist Home in Chattanooga, TN—Here’s Why Read More »