Category: fox-business/home-mortgage/real-estate

Average cost of an American home in the decade you were born, from 1940s to present day

In this final part of a three-part series, take a look at the average cost of an American home from the 1940s spanning to the present day. Check out the major ups and downs of the housing market — and how inflation has impacted real estate for over 80 years. The historical Census and Federal Reserve Economic Data (FRED) have meticulously documented the ebbs and…

Kitty litter heiress lists California estate for $88M

Jonny Cat kitty-litter heiress Joi Stephens is selling her massive Santa Barbara, California-area property up for sale. The asking price has been set at $88 million for the 11.3-acre property perched among the hills of the wealthy Hope Ranch area of Santa Barbara, according to The Agency real estate brokerage. ‘THIS OLD HOUSE’ STAR BOB VILA PUTS PALM BEACH HOME UP FOR SALE FOR $52.9…

Former Obama fundraiser tells Dems to ‘turn the page’ on Biden, says law was ‘weaponized’ against Trump

A former Obama fundraiser told FOX Business the Democratic Party should move on from President Biden, while also taking issue with a major New York court ruling against former President Trump. Miami Beach-based real estate developer Don Peebles, who remains good friends with former President Barack Obama, said many Democrats were also led to believe Kamala Harris was to be an understudy of a “transitional”…

See Travis Kelce’s lakeside Super Bowl rental house

Travis Kelce reportedly booked a rental home while he and the Kansas City Chiefs were in Las Vegas to play the San Francisco 49ers in the Super Bowl. The Kansas City Chiefs tight-end picked a modern-looking home in the gated Estates at Reflection Bay community for renting in a city just southeast of Las Vegas, according to the U.S. Sun. It also published video footage…

Murdaugh family’s infamous Moselle Estate to become horse farm after selling for $1 million

Moselle Estate, the site of Alex Murdaugh’s family hunting lodge and where his wife and son were found shot dead in 2021, has been sold for $1 million, and an anonymous buyer intends to give the infamous property new life as a horse farm. The 21-acre sale in Islandton, South Carolina, did not include the dog kennels where prosecutors say Alex killed Maggie and Paul…

Americans staying put: Percentage that moved in 2023 hit a record low

The share of Americans that move every year has gradually been on the decline since the U.S. Census Bureau began tracking the data in the 1940s. However, after a surprise increase in the percentage who moved in 2022, a new analysis shows migration in the U.S. plummeted to an all-time low last year. Online moving services marketplace HireAHelper’s annual U.S. migration study found 7.8% of…

Housing crisis forces Americans to shack up with former partners

Americans are choosing to remain in a living situation with their exes amidst the ongoing housing crisis, a move that experts say may prove emotionally taxing despite the potential financial benefits. “High housing costs are causing more couples to cohabitate despite the fact the romantic flames of their marriage have been extinguished,” real estate broker Chuck Vander Stelt told Fox News Digital. “I have had…

A Buffett protégé makes an offbeat bet: Buy San Francisco real estate

Most investors are running away from San Francisco’s downtown real-estate market, but Ian Jacobs is heading in. Call it a family tradition. Jacobs is an heir of the Toronto-based Reichmann real-estate dynasty, which made a fortune buying properties in nearly bankrupt New York City during the 1970s. A bargain-seeking stock investor who once apprenticed himself to Warren Buffett, Jacobs has mostly avoided the family business—until…

Americans turn to tiny, portable homes to combat unaffordable prices, mortgage rates: My ‘dream shed’

Americans are turning to tiny homes and portable living spaces to combat mortgage rates and sky-high real estate prices. As the owner of Companies That Buy Houses, real estate agent Riley Annen said she believes the trend is not just a passing fancy but a lifestyle shift driven by multiple factors. “With housing prices soaring and incomes struggling to keep pace, it’s no wonder that…

Real estate fraud risk is on the rise, and victims are sounding the alarm

Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little or no recourse. CertifID’s 2024 State of Wire Fraud report released Tuesday found that 1 in 20 Americans who bought or sold a home within the past three years have been victims of some type…

‘James Bond’ actor Sir Roger Moore’s former home on the market for $2.6 million

“James Bond” fans can now live like 007. Sir Roger Moore’s former home in Stinchcombe Hill, Gloucestershire, is on the market for $2.6 million. Known as Appleton House, the property sits on 2.82 acres and boasts six bedrooms and five bathrooms.  “The accommodation is arranged over two floors and benefits from both an imposing, formal layout ideal for entertaining, yet to the rear of the…

Suzanne Somers’ Palm Springs home on the market for $8.9 million

Suzanne Somers‘ former Palm Springs, California, home is officially back on the market. The five-structure 28-acre property is listed with Scott Lyle at Compass for $8.95 million. It was previously on the market for $12.9 million from April to June 2023. “When you tour this incredible home with its amazing setting, it’s easy to see why it has been such a loved home by its…

Rising costs of housing pushing millennials to make ‘drastic sacrifices’ by living in vans for years

The rising costs of living over the last few years have driven the younger generation to make “drastic sacrifices” in order to reset their financial stability or be able to own a home in the future. Younger people are opting to live in cost-effective vans and showcase their tiny living quarters on TikTok to the fascination of the internet.  Michael Alberse, a TikToker with 57K…

Beverly Hills home renovations blocked over lack of affordable housing

It is one of the country’s most exclusive and expensive area codes and home to stars like Leonardo DiCaprio and Taylor Swift. But soon Hollywood’s elite may no longer be allowed to customize and upgrade their luxury residences – at least until they address the lack of affordable housing. That’s according to Los Angeles Superior Court Judge Curtis A. Kin, who alleges that the city…

These are the best and worst places to buy a home in 2024

When it comes to buying a home, every individual, couple or family has a different set of factors that determine the kind of property they are looking for and the location they are going to find it.  A person in her 20s looking for her first home probably has a different set of wants and needs than an individual in his 60s in search of…

Mortgage rates climb, adding to affordability woes

Mortgage rates are up again after taking a slight dip last week, remaining in the mid-6% range.  Although rates have come down roughly a percentage point since October, they remain well above pandemic-era rates while home prices continue to climb, adding to the persistent affordability crisis in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday showed that the average rate for…

Newsbreakforum