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.
Charles Manson follower Leslie Van Houten has been released from a California prison after serving more than 50 years of a life sentence for two infamous killings.
Comedian Sarah Silverman is suing OpenAI and Meta for allegedly using her copyright-protected work to help train their artificial intelligence programs.
We know life can be tough sometimes. So we'd like to take a moment to share One Good Thing happening in the world today. A zoo in California was celebrating after its first red panda birth since 2006.
