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Property News for 5 October 2022
Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
CNBC - 5 Oct 2022 14:38
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record, both contributing to a steep drop in mortgage demand.
Private equity veteran Bryan Cressey and his wife were the buyers who paid $20M for the Trump Tower penthouse
Chicago Tribune - 5 Oct 2022 14:10
The sale of the unit was the third highest-priced sale on record of any kind of home on within Chicago's city limits.
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