The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will eliminate the hotly contested 0.5% refinance fee as of August 1 to help families reduce their housing costs. To allow households to save more money, lenders will no longer be required to pay the government-sponsored enterprises a 50-basis point fee
Real Estate
As home prices surge, a real estate start-up launched in October by two former Zillow executives sees opportunity. Cincinnati-based Pacaso purchases luxury single-family vacation homes and then sells them to groups of buyers through a fractional ownership model as part of an LLC, co-founder and CEO Austin Allison told CNBC on Friday. “Most second homes
The origins of this manor in Brittany, France, date back a millennium to a time when the property held a defensive fort. Henry II of England was eyeing the region then, hoping to annex it as a possession. The medieval structures were added in stages and remained largely untouched until renovation work was undertaken over
A worker waits to load his truck with debris from the rubble of the Champlain Towers South building, as removal and recovery work continues at the site of the partially collapsed condo building, Wednesday, July 14, 2021, in Surfside, Fla. Lynne Sladky | AP The number of confirmed deaths in the collapse of a condominium
Steeped in history and surrounded by 57 acres of woodlands lies a magnificent estate in New York known as Laurel Hill, one of Long Island’s rarest remaining Gold Coast estates. On the market for $18.5 million, the grand estate celebrating Tudor architecture is in the prestigious North Shore enclave of Mill Neck, New York. It’s
Mansions seen along the coast of Palm Beach, Fla. Getty Images Prices in Florida’s ultra-rich Palm Beach community hit an all-time high in the second quarter, as brokers grappled with a record-low number of mansions to sell. The average price for a single-family home in Palm Beach hit $11.7 million in the second quarter, up
by Erik Sherman Keep living in an apartment without paying rent? In the “before times,” it would have been unthinkable — at least without a concerted legal battle with an angry landlord. During the COVID-19 pandemic, though, all that went out the window. Congress first put an eviction moratorium into place from March 27 to
The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday. “The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris