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.
An unusual late-summer storm turned the week-long Burning Man fest into a sloppy mess, with tens of thousands stuck in foot-deep mud and with no working toilets.
Two spinoffs of “The Walking Dead” and “Interview With the Vampire” will resume production despite the actors' strikes after reaching an agreement with the union.
Ohio authorities on Friday released bodycam video showing a police officer fatally shooting Ta’Kiya Young in her car in what her family denounced as a “gross misuse of power and authority” against the pregnant Black mother.
Police officers in Virginia showed their support for a five-year-old who lost her mother in the line of duty and accompanied her to her first day of school.
