What $1 Million can get you in Real Estate Around the World
Your Future Home hosts Baker Machado and Brad Smith discuss some of the biggest news in the real estate market...including the top market for luxury real estate!
U.S. mortgage rates have hit their highest level since 2014 after the ninth consecutive week of increases. The rate for a 30-year fixed rate mortgage rose to 4.46%. At the start of the year, the average rate was 3.95%. Rising rates have already made some current homeowners less likely to move, which is leading to a lack of affordable housing in the market.
Plus, when it comes to luxury real estate, a million dollars doesn't buy what it used to. The London based brokerage firm Knight Bridge measured the top markets around the globe by how much property you could buy for one million dollars. According to the so-called "wealth report" Monaco took top honors for high-end real estate. One million dollars there will get you about 172 square feet...the size of a respectable walk-in closet.
The mother of a 6-year-old who shot his teacher in Virginia pleaded guilty Tuesday to a charge of felony child neglect, seven months after her son used her handgun to critically wound the educator in a classroom full of students.
Ahead of National Roller Coaster Day on Wednesday, Alessandro Zamperla, president and CEO of Central Amusement International, spoke with Cheddar News about the park's history and recent expansion.
Many children have already started returning to school around the country. Trae Bodge, smart shopping expert, joined Cheddar News to provide tips on when and where you can find the best deals to save some money for you and your family.
