Ben Affleck and other celebrities are giving up their real estate, here’s how much they’re making on sales
US home prices continued to climb despite rising mortgage rates. According to the National Association of Realtors (NAR), the median home price jumped nearly every month in 2022. For example, it hit a record high of $413,800 in June before dropping to $389,500 in August.
Last week, the mortgage rate rose above 7% to its highest level since 2002. According to the Freddie Mac report, fixed rate mortgage rates rose to 7.08% from 6.94 % the previous week and 3.14% last year.
“As inflation lingers, consumers are seeing higher costs at every turn, driving consumer confidence down further this month,” Sam KhaterFreddie Mac’s chief economist, said in a statement.
“Many potential home buyers are choosing to wait and see where the housing market ends up, pushing demand and home prices even lower,” Khater added.
Meanwhile, celebrities across the United States are busy making big real estate moves. Here are some of the celebrities flaunting their properties at sky-high prices.
Also Read: How Real Estate Investing May Have Been Easier
The host of “Celebrity IOU: Joyride”, Anstead ant intends to sell his Lagoon Beach Cottage for $3.3 million. Anstead bought the house for $2.8 million in 2021.
The cottage is spread over 1,968 square feet and was built in 1929. The house sits on a 6,925 square foot lot above Woods Cove. The house offers views of Catalina Island and the coast.
Star “Harry Potter” Daniel Radcliffe recently sold his condo in Manhattan for $5.3 million.
Radcliffe bought it for $4.9 million in 2008, and the condo is 2,445 square feet. Facilities at Old Radcliffe House include a doorman, concierge, gym, on-site parking, bike storage and children’s playroom.
hollywood star Ben Affleck recently sold his 13,500 square foot home for $30 million to an unknown buyer. The property has seven bedrooms, nine bathrooms, a gym, screening room, and spa.
Affleck bought the house for $19.2 million in 2018. Affleck moved into his new home with his wife, Jennifer Lopezand five children.
Star of the television series “Dallas” Patrick Dufy plans to sell his mansion on the Rogue River outside of Medford, OR. The actor is asking $14 million for his 383-acre property.
There are four bedrooms and four bathrooms in the 3,010 square foot home. Duffy’s property includes 100 acres of irrigated land and a private 1-acre lake. The property also has a spa cabin, a wine cellar, a pool house, a large garden and two guest houses.
Actress Sandra Bullock plans to sell his real estate property for $6 million. The estate is comprised of three lots in Valley Center, California, approximately 40 miles northeast of San Diego, spread over 91 acres.
She bought the land in 2007 for an unknown amount. The property features four-bedroom suites as well as avocado and citrus trees. The main house is an area of 6,000 square feet.
Politician Mitt Romney recently sold its Utah lodge for $11.5 million. The mountain estate is in Deer Valley in Park City. Romney bought the property in 2013 for over $9 million.
Spread over 8,700 square feet, the estate features six bedrooms and 7.5 bathrooms.
Thinking of investing in properties for passive income? Here’s how you can invest in a rental home for as little as $100.
Photo: Courtesy of Gage Skidmore on flickr
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