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Property News for 16 August 2023
Weekly mortgage demand drops again, as interest rates match a 22-year high
CNBC - 16 Aug 2023 14:07
Mortgage rates rose for the third straight week last week, matching a 22-year high. As a result, mortgage demand dropped as well.
As recession fears fade, we may be experiencing a 'richcession' instead -- here's what that means for you
CNBC - 16 Aug 2023 15:00
Some economists say the country is already experiencing a "richcession," rather than a broad contraction to come later.
Look inside the $44.5 million Tuscan-style mega villa perched 2,000 feet above Malibu
CNBC - 16 Aug 2023 13:28
"If you have a God complex, this is the house for you," says the listing agent for the estate.
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