Real Estate
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Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
From the mid-2000s through the late 2010s, San Francisco was a magnet for young graduates driven largely by Web 2.0 and the mobile tech boom. It was a cool city that boasted high-paying jobs and promised a breezy West Coast lifestyle. But in the past several years, younger workers have been ditching San Francisco for…
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Mortgage rate rises to 6.52% from 6.48%, near yearlong high
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started. The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage…
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This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
Finding housing in San Francisco, the country’s most expensive housing market, can be a nightmare. Finding a buyer willing to part ways with unreleased AI stock might be even harder. In April, Storm Duncan took a direct approach to reaching tech workers and posted his $8 million Marin County property on LinkedIn, offering an exchange…
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Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision
Even the world’s most affluent people sometimes need a mortgage. Elon Musk is the world’s richest man, on track to become the first-ever trillionaire (or may already be one), but he’s done one thing most average Americans have to do: take out a mortgage. The Tesla CEO has taken out several mega mortgages, including $61…
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The deficit climbing by $3.4 trillion is keeping your mortgage rate at 6.48% — not the Fed
U.S. homebuyers can’t get a break. The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie Mac, which bundles and sells home loans. That marks another blow for Americans hoping to buy a home or refinance their…
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BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home
American homebuyers have found plenty of villains for today’s brutal housing market: the Federal Reserve, Wall Street landlords, even their baby boomer parents who refuse to move. But Bank of America Research argues the real culprit is hiding in plain sight in your own backyard. In a new housing symposium report, BofA Global Research says…
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Trump replaces Gabbard with housing chief Bill Pulte, grandson of the founder of one of the country’s largest homebuilders
President Donald Trump has tapped Bill Pulte, head of the Federal Housing Finance Agency, to be the acting director of national intelligence — putting a real estate scion and fierce Trump loyalist in a key national security post as the U.S. remains at war with Iran. Trump made the surprise announcement Tuesday on social media…
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Berkshire Hathaway to buy Taylor Morrison for $6.8 billion
Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the two companies announced on Sunday. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. The deal is expected to close in the second half of this…
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America’s housing market decline is ‘no longer just a Sun Belt story’—LA and Dallas are tumbling, too
For the past two years, the story of falling home prices was largely a Sun Belt story — an unwinding of the pandemic-era land rush that had sent values in Austin, Tampa, and Phoenix to unsustainable heights. As recently as February, JPMorgan’s rosy national forecast was masking a “Sun Belt full of pain,” with Florida…
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A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
A quaint, 37-home neighborhood an hour from Miami is attracting moneyed residents, including actor Mark Wahlberg, despite not having a private golf club or coastline. Instead, its major selling point is privacy and a well-trained security staff of former military and police. Stone Creek Ranch, located in Delray Beach, Fla., is one of the hottest…