Real Estate Investors Run Lean in First Quarter of 2023 MDBAL, May 25, 2023June 14, 2024 Investors were wary as mortgage rates rose in the first quarter of 2023, with buyers purchasing 48.6 percent fewer homes compared to the previous year, according to a report by Redfin. Read the Redfin report here. In addition, investors bought 14 percent fewer properties in the month of February as interest rates along with declining demand had a strong impact on the market. The report indicates it was the biggest annual drop on record, according to the online real estate tracker. Roughly one of every seven (13.5 percent) U.S. homes sold by an investor in March sold for less than the investor bought it for. That’s comparable with February’s 14.5 percent rate—the highest since 2016. It’s also nearly triple the share of a year earlier and compares with a record low of 2.8 percent in May. Read the Redfin report here. Real Estate
Real Estate Betty White’s Carmel-by-the-Sea Home Lists for $7.95 Million April 4, 2022April 4, 2022 Betty White’s Carmel-by-the-Sea, California, home has been listed for sale at $7.95 million. The beloved comedian built the Carmel-by-the-Sea beach house with her husband, Allen Ludden, in 1978. Allan was a TV star who hosted the popular TV game show Password, where the two met. Ludden passed away in 1981. During… Read More
Real Estate Bruce Willis Lists Turks and Caicos Beachfront Estate for $37.5 Million April 11, 2022 Bruce Willis has wowed us from the time of the TV series “Moonlighting,” through all his famous action films including “Pulp Fiction,” “The Sixth Sense” and the “Diehard” series from 1988 through 2013. And apparently all of his work in TV and film helped him amass an impressive net worth… Read More
Real Estate Former Cindy Crawford Malibu Mansion Hits the Market for $99.5 Million March 21, 2022March 21, 2022 A cliffside Malibu estate that once belonged to Cindy Crawford is listed for $99.5 million, one of the highest-priced homes in the state of California. Crawford sold the home for $45 million in 2018. The mansion sits behind gates on more than three acres of grounds above Malibu’s El Sol… Read More