News

Versace's mansion on market for $125 million

The gorgeous home of the late Italian fashion designer Gianni Versace is on the market for a whopping $125 Million, setting the record for the most expensive residential listing in Miami history.

More foreigners buying up U.S. real estate, up 9 Pct YTD

More and more foreigners are purchasing real estate in the U.S. due to a six-year drop in housing prices along with rising value of some foreign currencies, according to a survey released Monday.

Mortgage rates drop making home affordability possible

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 3.91 percent, lowest rate in history for 80 percent loan-to-value ratio loans, according to a report from the Mortgage Bankers Association.