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Largest home ever sold on San Marco Island sets $48.5M record in Miami’s Venetian Islands

A waterfront estate on Miami’s coveted Venetian Islands has closed for $48.5 million, setting two new records on San Marco Island. The 10,689-square-foot home at 1413 N Venetian Way is now both the largest residence ever sold on the island and its highest-priced sale, according to information provided by the brokers involved in the deal. San Marco is one of the eight Venetian Islands stretching...

Iran War Inflation Keeps U.S. Mortgage Rates Near 3-Year High in October

Rising energy costs and persistent inflation add pressure to housing affordability as borrowing costs climb from year-ago levels. U.S. mortgage rates remained elevated this week, with the average 30-year fixed-rate mortgage holding at 7.40%, as inflationary pressures associated with the Iran war complicate the outlook for borrowing costs and prolong the housing market's affordability crisis. The average...

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