Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.50% in the week ending November 9, down from 7.76% the week before, according to data from Freddie Mac released Thursday.
The landmark San Francisco home where legendary comedian and actor Robin Williams once lived is on the market for $25 million. The Italian Renaissance-style estate is owned by Williams’ second wife Marsha Garces Williams, who is looking to downsize. The late actor and comedic icon purchased the home with his then-wife in 1991, and the couple raised their three children there.
Julia Roberts has left her heart, and her real estate, in San Francisco. The award-winning actress recently put her classic 1912 mansion on the market, just three years after she bought the place. And in less than two weeks, a buyer called dibs on the remarkable home.
For some buyers, purchasing a home isn’t only about finding a place to live. There’s a special subset of clients who are looking for homes that can tell a story, structures rich in character and quirks that many newly built properties lack. “Preserving historic properties is part of a person’s character.
The association says it will continue to advocate for pro-consumer, pro-competition MLS rules. The National Association of REALTORS® and two codefendants were found liable Tuesday in the federal Sitzer/Burnett trial, which challenged MLS rules and the real estate compensation model. The eight-person jury also found liable HomeServices of America and Keller Williams Realty, which were named in the lawsuit.
Treasury Wine Estates (TWE) has acquired California’s Daou Vineyards to “fill a key gap” in its Americas portfolio. The $900m deal, which could rise to $1bn under an earn-out clause, is expected to close by the end of the year, subject to US anti-trust approval. It will see TWE take 100% of Daou Vineyards, including three wineries and 389 acres of vineyards across Paso Robles, and a winery and 22 acres of vines in San Luis Obispo.