Warren Buffett’s deep-pocket support of homebuilding, a Michigan home that can be yours for a single dollar and an unlikely addition to San Francisco’s skyline. From the wild and woolly world of real estate, here are the hits and misses for this week. Hit: From Omaha...
Home sales in July were down by 14.7% from June and down by 16.1% compared to one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). This marked the first time since April that month-over-month sales recorded a decline. “The market is playing out...
Celebrity chef Bobby Flay has listed his vacation home in the horse racing mecca of Saratoga Springs, New York, for $3.295 million. The 0.21-acre property features a 3,087-square-foot Tudor-style residence with four bedrooms, three-and-a-half bathrooms and (of course)...
At a time when home prices remain near their record highs, a residence in Pontiac, Michigan is occupying space at the other end of the price spectrum. According to a Business Insider report, there is listing for a house in Pontiac, Michigan, with a $1 price tag. No,...
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million fine against Freedom Mortgage Corp., accusing the Boca Raton, Florida-based lender of providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. The...
The 30-year fixed-rate mortgage averaged 7.09% as of Aug. 17, according to new data from Freddie Mac’s (OTCQB:FMC)) Primary Mortgage Market Survey. Last week, this mortgage averaged 6.96%, while one year ago it averaged 5.13%. The current level is the highest in...
Hits and Misses for the Real Estate Week of May 11-15
