Home prices in the US continued to rise despite rising mortgage rates. According to the National Association of Realtors (NAR), the median home price jumped almost every month in 2022. For example, it hit a record $413,800 in June before dropping to $389,500 in August.
Last week, the mortgage rate crossed the 7 percent mark to its highest level since 2002. According to a Freddie Mac report, rates for fixed rate mortgages rose to 7.08 percent, from 6.94 percent the previous week and 3.14 percent last year. .
“With inflation continuing, consumers are seeing rising costs at every turn, causing a further drop in consumer confidence this month.” Sam Khaterchief economist at Freddie Mac, said in a statement.
“Many potential home buyers choose to wait and see where the housing market will end up, driving demand and home prices further down,” Khater added.
Meanwhile, celebrities in the US are busy making big real estate moves. Here are some of the celebrities who list their properties at great prices.
Also Read: How Investing in Real Estate Made Easier
Host of “Celebrity IOU: Joyride” Ants Anstead It is said that he is planning to sell his car Laguna Beach Hut $3.3 million. Anstead purchased the home for $2.8 million in 2021.
The cottage is spread over 1968 square feet and was built in 1929. The house is located on an area of 6,925 square feet above Woods Cove. The house overlooks Catalina Island and the coast.
“Harry Potter” star Daniel Radcliffe He recently sold his Manhattan apartment for $5.3 million.
Purchased by Radcliffe for $4.9 million in 2008, the apartment is spread over 2,445 square feet. Building amenities at Radcliffe’s former home include a concierge and concierge, a gym, on-site parking, bike storage, and a children’s playroom.
hollywood star Ben Affleck He recently sold his 13,500 square foot home for $30 million to an unknown buyer. The property has seven bedrooms, nine bathrooms, a gym, show room, and spa.
Affleck bought the house for $19.2 million in 2018. Affleck moved into his new home with his wife, Jennifer Lopezand five sons.
Star of the TV series “Dallas” Patrick Duffy He plans to sell his mansion on the Rouge River outside of Medford, Oregon. The actor is asking for $14 million for his 383-acre property.
There are four bedrooms and four bathrooms in the 3,010-square-foot home. Duffy’s property includes 100 acres of irrigated land and a one-acre private lake. The property also has a spa cabin, wine cave, pool house, large garden and 2 guest houses.
an actress Sandra Bullock She plans to sell her real estate holdings for $6 million. The estate consists of three lots in Valley Center, California, about 40 miles northeast of San Diego, spread over 91 acres.
She bought the land in 2007 for an unknown amount. The property features four-bedroom suites alongside avocado and citrus orchards. The main house has an area of 6000 square feet.
Politician Mitt Romney He recently sold his hostel in Utah for $11.5 million. The mountain estate is located in the Deer Valley in Park City. Romney bought the property in 2013 for more than $9 million.
The property spans over 8,700 square feet and consists of six bedrooms and 7.5 bathrooms.
Planning to invest in real estate for passive income? Here’s how you can invest in a rental home for as little as $100.
Photo: Courtesy of Gage Skidmore on Flickr
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