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Home Purchase

All articles tagged with #home purchase

Ellen DeGeneres Snaps Up Montecito Estate for About $27.4M
celebrity21 days ago

Ellen DeGeneres Snaps Up Montecito Estate for About $27.4M

Ellen DeGeneres and Portia de Rossi are reported to have purchased a new Montecito, California home, with Realtor.com estimating the price at about $27.4 million. The couple had previously sold their California home in 2024 and spent time in the UK, including a Cotswolds property; sources say they may split time between the UK and Montecito, and representatives did not comment.

Lessons Learned from Returning to Work After Buying an Unnecessary Luxury Home
personal-finance6 months ago

Lessons Learned from Returning to Work After Buying an Unnecessary Luxury Home

Sam Dogen, who retired early at 34, reflects on the mistakes he made, including buying an expensive home and retiring too soon, which affected his financial security. He advises testing living on a reduced income before retiring, working longer during bull markets to increase savings, and considering career moves to improve job satisfaction. His experience highlights the importance of careful planning and the emotional challenges of early retirement.

"Mortgage Demand Falls as Rates Climb, Defying Market Trends"
real-estate1 year ago

"Mortgage Demand Falls as Rates Climb, Defying Market Trends"

Mortgage rates began rising again last week, causing a 5.7% drop in total mortgage application volume to a three-month low. Both purchase and refinance applications fell, with refinance demand plunging 14% for the week. The increase in rates followed comments from Minneapolis Federal Reserve President Neel Kashkari on the need for more positive inflation data before dialing back interest rates.

"Millennial Couple Buys $25K House in Italy Instead of Chicago"
real-estate1 year ago

"Millennial Couple Buys $25K House in Italy Instead of Chicago"

Kristina Knighten and Paul Cordier, TEFL-certified teachers living in the UAE, initially saved to buy a home in Chicago but opted for a $25,000 house in Italy instead. They faced challenges with U.S. mortgage lenders and fell in love with a property in Lago d'Iseo. Despite delays and increased renovation costs, they are committed to transforming their Italian home, finding joy in the process and the connection to its history.

Mortgage rates hit new lows, sparking surge in housing demand
economy2 years ago

Mortgage rates hit new lows, sparking surge in housing demand

Mortgage rates have dropped to a two-month low, sparking renewed interest in the housing market. The Mortgage Bankers Association's index of mortgage applications rose 3% last week, with the average rate on a 30-year loan falling to 7.41%. The decline in rates has led to increased demand for both home purchases and refinancing. However, despite the recent uptick, application volume remains down compared to the same time last year. The housing market has been impacted by high mortgage rates, limiting inventory and leaving few options for buyers.

Mortgage demand and applications decline as interest rates rise.
real-estate2 years ago

Mortgage demand and applications decline as interest rates rise.

The Mortgage Bankers Association's index of mortgage applications fell 5.7% last week as higher mortgage rates cooled consumer demand for home purchases and refinancing. The interest rate-sensitive housing market has cooled rapidly in the wake of the Federal Reserve's aggressive tightening campaign. Limited inventory has also bolstered demand and prices this month.