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.

Share:
More In Culture
'Them': A Digital Platform for the Entire LGBTQ+ Community
Sarah Burke, editor-in-chief of Them, spoke with Cheddar News about how its digital magazine offers a different setting for the LGBTQ+ community from other magazines. "From the very beginning, the intention was to create a platform that had a foundation of inclusivity and intersectionality across the entire LGBTQ+ spectrum," Burke said.
Exploring the Benefits of the Cold Plunge Fad on Social Media
Cold plunges are super hot on social media right now. Experts say they boost mental health, soothe sore muscles, and even promote weight loss.  Cheddar's Ashley Mastronardi visited Kardashian favorite, Remedy Place, to get the skinny on ice baths.
Exploring Getty's Collection Coming to Auction
An auction of artwork and furniture from philanthropists Ann and Gordon Getty is taking place at Christie's Wednesday with online sales set for Thursday. Cheddar News takes a peek at some of the arts and objects from the family's Temple of Wings home in Berkeley, Calif.
Load More