REAL ESTATE

Zillow Report: Mortgage Rates Rise to 3.73%

Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, up 12 basis points from the same time last week. The 30-year fixed mortgage rate rose early in the week, then hovered around 3.67 percent

New York Senate leader Skelos, son charged with corruption

By Nate Raymond NEW YORK (Reuters) – Federal authorities charged New York state Senate Majority Leader Dean Skelos and his son on Monday with engaging in a corruption scheme, in the latest of a string of criminal cases against politicians in the state’s capital of Albany. Skelos, a 67-year-old Republican, and his 32-year-old son, Adam, were named in a six-count criminal complaint filed in Manhattan federal court that included charges

Zooey Deschanel Trades Hollywood Hills for the Beach

Filed under: Buying, Celebrity Homes, Selling Westside Estate Agency via TruliaThe Hollywood Hills home features traditional styling and three bedrooms in 3,000 square feet on half an acre. By Megan Johnson The “New Girl” star is selling her quirky 1930s bungalow after buying it from Mark Ruffalo in 2009. Just don’t say this house is “adorkable.” Zooey Deschanel, known for her role as Jess on “New Girl” (you can watch

Australia toughens property ownership laws for foreigners

Foreigners who break rules on buying Australian real estate will face up to three years in jail or fines of Aus$127,500 (US$100,050) for individuals and Aus$637,500 for companies under tougher rules unveiled Saturday. In announcing the changes, conservative Prime Minister Tony Abbott said his government was in favour of foreign investment. “But it does have to be the right foreign investment, in the right things, and we do need to

Western Canadian office vacancy rates to hit 20-year high: report

By Allison Lampert MONTREAL (Reuters) – Sliding commodity prices and record levels of office construction could drive Western Canadian downtown vacancy rates to a two-decade high, one of the world’s biggest commercial real estate services firms has forecast. Despite growth in the high-tech sector, weaker demand from resource and energy companies is boosting vacancy rates in Vancouver, Calgary and Edmonton to levels unseen since Canada’s economic slowdown of the early

China overtakes US as Australia's largest foreign investor

China has for the first time overtaken the United States as Australia’s largest source of foreign investment, according to official data, laying out Aus$27.7 billion (US$21.8 billion) in 2013-14 as real estate purchases more than doubled. The Asian economic giant’s spending in Australia for the year ending June 30, 2014 far outstripped the Aus$17.5 billion from the United States — which was the biggest investor for more than a decade

How to Handle Living in a Community With a HOA

Filed under: Buying, How To, Renting Apostol_8/GettyCondos and many newer communities require paying dues and following the Homeowners Association’s rules. By Teresa Mears If you buy a condominium, townhouse or single-family home in a newer development, you’re likely to become a member of a community association. About 20 percent of Americans live in a community governed by a condo association, homeowners association or co-op board, according to the Community Associations

Canada housing overvalued, but low risk of overheating: CMHC

By Andrea Hopkins TORONTO (Reuters) – Canadian house prices are slightly overvalued but there is low risk of overheating or overbuilding, the federal housing agency said on Thursday in a report that is at odds with persistent concerns that real estate bubbles are growing in several cities. In its quarterly measure of four risk factors that could indicate problematic conditions in Canada’s housing markets, the Canada Mortgage and Housing Corp

Mortgage Rates Rise, but Predictions Remain Steady

Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans rose this week, with the rate borrowers were quoted on Zillow Mortgages at 3.61 percent on Tuesday, up 8 basis points from the same time last week. On Thursday morning, the national rate was at 3.71%. However, the long-predicted rise in