Thursday, December 21, 2023 / by Richard Eimers
Discover the opulent world of rock-and-pop icon Rod Stewart as he lists his magnificent Beverly Hills estate for $70 million. This 28,500-square-foot mansion, nestled in the prestigious North Beverly Park neighborhood, offers unparalleled luxury.
Luxurious Features: The expansive great room boasts a hand-painted bar, French doors leading to a covered patio, and Versailles-like decor, designed by renowned architect Richard Landry. Indulge in the gourmet kitchen, tea room, and stunning den, complemented by intricate marble floors and ornate molding.
Entertainment Extravaganza:
Enjoy a screening theater, tennis court, and outdoor spaces with fireplaces and barbecue, perfect for gatherings.
Elegant Living Spaces:
The primary suite features a spacious sitting area, balcony, and dual bathrooms with distinct aesthetics.
Global Icon's Farewell:
Rod Stewart, with over 250 million records sold worldwide, is bidding farewell in style, currently on a farewell tou ...
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property market, real estate, home prices, home sales, real estate market, real estate news, realestate, home selling, real estate investment, realestatetrends, #realestate #housingmarket #mortgagerates #homebuying #homeselling #nar #interestrates #financialplanning #homeownership #realtoradvice #homeresearch #springmarket #winterrealestate #valentinesdayhomebuying
Monday, December 18, 2023 / by Richard Eimers
By Jessica Lautz
NAR also said 2024 will see stronger sales activity, calling it great news for buyers and sellers.
CHICAGO – For the first time since August, interest rates for a 30-year fixed mortgage have dropped below 7%, hitting 6.95% this week. This brings the monthly mortgage payment for a home priced at $400,000 to $2,118. This is down from a recent high this Autumn of 7.79% and yields a monthly savings of $183 and $2,196 annually for the same $400,000 home.
The Fed indicated yesterday they will hold the Fed Funds Rate steady for now and cut rates three times in 2024. This is all welcome news for potential home buyers and sellers, as mortgage interest rates will decrease. NAR forecasts that mortgage interest rates will average 6.3% in 2024.
While the lock-in effect of higher mortgage rates has stalled the real estate market in 2023, the momentum is moving in the right direction for stronger sales activity in 2024. Will it be a traditional Spring real estate market ...
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beach road realty, richard eimers, eimers group, #realestate #housingmarket #mortgagerates #homebuying #homeselling #nar #interestrates #financialplanning #homeownership #realtoradvice #homeresearch #springmarket #winterrealestate #valentinesdayhomebuying
Monday, September 11, 2023 / by Richard Eimers
How to Buy a House While Selling Your Own
Some real estate markets are very competitive. If you’re looking to buy a house while selling your own and need the proceeds from the sale of your existing property to make a down payment, you may be frustrated with the choices you’re faced with.
Sellers in hot markets benefit from multiple offers and low, quick-moving inventory. These hurdles are problematic for buyers, but especially those on a tight timetable before their current home is scheduled to close. If you’re confident your home will sell very quickly, you may prefer to buy your new home before selling the old one. But how will you raise enough cash for the down payment? Although challenging, here are six options for buyers looking to buy a new home before selling the old house.
Buying a new house before selling the old one
Selling before buying is the way most people buy a home as the proceeds from the sale of a current home is usually required tL ...
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