Home Buyers Flee the Housing Market as Mortgage Rates Surge to the Highest Level Since 2000
Getty ImagesThe numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to show strength.Rates surged as the U.S. economy continued to show signs of resilience, which signal to the market that the U.S. Federal Reserve may not be done with r
A $68M Star Island Spread in Miami Beach Is the Week’s Most Expensive Home
Realtor.comA megawatt Star Island mansion in Miami Beach, FL, made its market debut last year for $90 million. The sleek compound is newly reduced to a still-sky-high $68 million, making it this week’s most expensive home on Realtor.com®.Reportedly owned by John Jansheski, founder of oral-care produ
U.S. New-Home Sales Rise 4.4% in July
Getty ImagesThe numbers: Sales of newly built homes in the U.S. rose in July, as home buyers continued to turn to home builders for inventory.Home buyers are finding few listings of previously-owned homes, and are turning to builders, who have scaled up efforts to build more homes.U.S. new home sale
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