The New York Yankees star has listed his unit for $3.2 million, months after purchasing it for less.
After netting a $15 million profit on the sale of his spectacular waterfront home in Miami Beach, Fla., earlier this year, Rodriguez is at it again. The embattled ballplayer may not earn a paycheck playing baseball next season if his looming suspension is upheld. However, like Renner, whose home-flipping legend continues to grow in Hollywood, A-Rod stands to make another tidy profit on a real estate flip.
The average 4.42 percent for a 30-year mortgage is still quite a bit above the 3.32 percent seen at this time in 2012.
Average mortgage rates in the U.S. fell slightly in the past week, according to mortgage-finance company Freddie Mac, as markets looked ahead to the Federal Open Market Committee meeting next week for indications of whether the Federal Reserve will taper its bond-buying program.
“Mortgage rates were little changed amid a light week of economic data releases,” Freddie Mac Chief Economist Frank Nothaft said in a statement Thursday.
Of the economic data released, the November unemployment rate was down at 7 percent, and outstanding single-family mortgage debt was up for the first time since 2008, he added.
Here are 5 housing predictions -- and a look at how last year's prognostications played out.
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For buyers interested in this San Jose, Calif., teardown, offers are due by 6 p.m. Thursday.
So hot that a burned-out house is on the market for nearly $400,000, and potential buyers – some ready to pay cash – are already lining up.
Technically, a process called adverse possession could allow you to walk into a home and declare ownership without paying. But it's complicated.
Technically, you could walk into a home that isn't yours and declare ownership without paying a cent. There are a lot more details that would need to play out in just the right way, but theoretically, it's possible through a process called adverse possession.
It's the concept most people are referring to when they talk about "squatters' rights," which generally involve people sitting on a property and using it as their own with the belief that staying there long enough gives them the right to be there. It can take years — sometimes decades — to obtain property through adverse possession, in addition to the other requirements the squatter needs to meet. Squatter, by the way, is not a legal term.
Paying your January mortgage and annual property-tax bill this month can pay off at tax time.
Unlike rent, which you pay beforehand (i.e., your Jan. 1 bill covers your stay in the rental unit for that coming month), your mortgage payments are made at the end of your occupancy period. That means your Jan. 1 mortgage statement represents interest for the month of December, making it a tax-break-eligible bill for this year.
By accelerating that payment even by just a day, you get an additional tax deduction for the interest paid.
Television personality Rosie O'Donnell has purchased a new Jersey house for $6.375 million.
After making a $5 million splash in Sarasota, Fla., this past October, the actress and television personality has dipped her toe into the mansion market once again, buying a multimillion-dollar manor in New Jersey.
O’Donnell’s new home, a gated French Country estate in Saddle River, N.J., was originally offered for as much as $8.2 million. However, records show that she closed on the property in late October for $6.375 million.
But the factors behind that stat may guide the mortgage landscape in 2014.
Home-mortgage debt rose in the third quarter of this year for the first time since the end of 2008, according to a new report from the Federal Reserve.
It is a healthy sign for the housing market, arguably, but it is not exactly what it seems at face value. Mortgage debt is growing largely because banks are foreclosing on fewer homes, thereby wiping away less debt.
In the past few years, record-low mortgage rates prompted millions of Americans to refinance their home loans, but a sluggish market, dominated by all-cash investors, kept loans to purchase a home in the negative. That too, however, is beginning to change.