10-year Treasuries veered into the danger zone on Friday as yields broke through the crucial 3 percent barrier signaling a slowdown in housing sales due to higher mortgage rates. Fixed rate mortgages are expected to edge higher even though the rate on the 30-year loan increased to 4.48 percent just days earlier. The Fed’s announcement Read More

The median list price in Newport Beach is $2,399,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though the days-on-market is climbing, these are mildly positive indications for the market. Supply and Demand The market continues to get hotter. More sales demand and fewer homes listed have contributed to Read More

  Michael Jordan is having no luck selling his former home outside Chicago. In February 2012, he put the 56,000-square foot house on the market for $29 million. (With his kids grown, Jordan now splits most of his time between Charlotte, N.C., where he owns the NBA’s Bobcats, and Jupiter, Fla., where he and his Read More

It’s one of the largest and most rapid wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations. According to WealthInsight, the Chinese wealthy now have about $658 billion stashed in offshore assets. Boston Consulting Group puts the number lower, at around $450 billion, Read More

Dubai’s property market has seen the fastest rising prices in the world over the past year to the end of September, a new Knight Frank report has shown. Prices in the emirate have increased by more than 28 percent since the third quarter of 2012, according to the Knight Frank Global House Index, compared to an Read More

The median list price in Newport Coast this week is $4,519,000.Even though the days on the market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. Supply and DemandMarket conditions have been consistently cooling in the past several weeks. Because we’re still in the seller’s Read More