Why Mortgage Rates Just Hit a 9-Month High—and What It Means for Buyers and Sellers

As summer unofficially begins, mortgage rates have climbed to their highest level in nine months, propelled higher by soaring energy costs stemming from the ongoing conflict in the Middle East. Freddie Mac reported last Thursday that the average 30-year fixed home loan rate reached 6.51%, a benchmar

EXCLUSIVE: Richard Simmons’ Iconic L.A. Estate Gets $580K Price Cut—Just Weeks After Relisting as ‘Development Opportunity’

The storied Los Angeles estate where fitness guru Richard Simmons died in 2024 has undergone a significant $579,000 price cut, just a few weeks after it reappeared on the market as a $5.8 million "canvas for transformation." Simmons, who died just days after celebrating his 76th birthday, had owned

Home equity cap tied to Medicaid eligibility is set to change

A new federal Medicaid rule will place a nationwide cap of $1 million cap on home equity for older adults who seek long-term care coverage, a change advocates say could increasingly affect middle-class homeowners in expensive housing markets. The provision, included in the Budget Reconciliation Act

$4.3 Million ‘Hidden Tribeca Compound’ Has Its Own ‘Secret Garden’ and Custom Soundproofing To Block Out City Noise

A rare full-floor Tribeca "compound" with its own hidden private terrace and a host of wellness-focused amenities has hit the market for $4.3 million. The custom-designed dwelling, which spans just over 2,000 square feet, is currently owned by Jessica Schaefer, the founder and CEO of AI-powered comm