Miami luxury single-family home sales skyrocket 43.4 percent y-o-y in November

The Miami single-family homes market registered its best November in seven years as total single-family home sales jumped 13.1 percent, mid-market home sales rose 45.2 percent and luxury sales skyrocketed 43.4 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Prices for all …

Current mortgage trends in the U.S

The current average 30-year fixed mortgage rate climbed 1 basis point from 3.37% to 3.38% on Wednesday, Zillow announced.The 30-year fixed mortgage rate on October 19, 2016 is up 1 basis point from the previous week’s average rate of 3.37%. Additionally, the current national average 15-year fixed mortgage rate increased 2 basis points from 2.63% …

NAHB : Rising home prices affect housing affordability in the second quarter in U.S

Solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in the second quarter of 2016, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released on Thursday. “Firm job growth, historically low interest rates and healthy price appreciation in many markets …

Actor Tom Cruise sells Beverly Hills mansion to billionaire Leon Blackis

Actor Tom Cruise has sold his Beverly Hills,Los Angeles property he shared with Katie Holmes for $40 million to multibillionaire Leon Blackis who owns a private equity firm,Apollo Global Management, according to TMZ.Tom Cruise purchased the home from real estate guru Kurt Rappaport in 2007 for $30.5 million. The 10,000 square foot mansion includes seven …

Prices start from $890,000 in The Ronsley, Chicago

The Ronsley is being developed by LG Development in 676 North Kingsbury Street, Chicago.The development will be completed in 2016.Prices are changing between $889,900 and $3,679,900.The development is composed of 41 units. The Ronsley’s approximately 5,000-square-foot penthouses have 13- to 15-foot ceilings and outdoor terraces that can support pools, and the building will have a …