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.
Union leaders and Hollywood studios reached a tentative agreement Sunday to end a historic screenwriters strike after nearly five months, though no deal is yet in the works for striking actors.
Taylor Swift took advantage of an invitation from the All-Pro tight end to see the Kansas City Chiefs play the Chicago Bears at Arrowhead Stadium on Sunday.
Authorities rescued a 17-year-old boy in Southern California after he was kidnapped and held hostage for four days by captors who threatened to harm him if his family did not pay a $500,000 ransom.
The landmark Washington National Cathedral unveiled new stained-glass windows Saturday with a theme of racial justice, filling the space that had once held four windows honoring Confederate Gens. Robert E. Lee and Stonewall Jackson.
