Economic topics took center stage in the vice presidential debate Tuesday night between Ohio Sen. JD Vance and Minnesota Gov. Tim Walz. The candidates defended their tickets while debating intensely on inflation, housing, child care and health care.
The debate, held in New York City and hosted by CBS, gave Walz and Vance the opportunity to more clearly define themselves to voters, as both were thrust quickly into the national stage this summer. In contrast to the presidential debate three weeks ago between former President Donald Trump and Vice President Kamala Harris, the vice presidential debate was strongly focused on policy.
Also unlike the first debate between Trump and Harris, the Walz-Vance debate remained civil and sometimes agreeable. The pair even found common ground in the fact that both have made public misstatements in the past — Vance in his prior condemnation of Trump and Walz incorrectly stating that he had been in Hong Kong during the 1989 Tiananmen Square massacre.
But it was still a debate between candidates with stark conflicting views on most issues, especially abortion and immigration. They used their time to attack the others’ rivals at the top of the ticket. The biggest moment of tension between the two men came when Walz confronted Vance about whether he believed that Trump lost the 2020 election — Vance bypassed the question and instead pivoted to a claim about pandemic-related censorship on Facebook.
As Walz and Vance supported their respective running mates, here’s what they had to say on some key economic issues:
The economy
Vance said Harris has already had the time to enact her policy plans, some of which he said “even sounds pretty good”: “If Kamala Harris has such great plans for how to address middle-class problems, then she ought to do them now.”
Walz attacked Trump for his contributions to the state of the economy the Biden-Harris administration inherited. He said: “We were already, before Covid, in a manufacturing recession — about 10 million people out of work, largest percentage since the Great Depression.”
Walz also gave his appeal to voters when it comes to Trump’s tax policies: “How is it fair that you’re paying your taxes every year and Donald Trump hasn’t paid any federal tax in the last 15 years?”
Housing affordability
Harris wants to increase housing production and encourage first-time home buying through downpayment support. Walz supported Harris’ plans and attacked Trump’s plan to seize federal lands
Trump wants to make housing more affordable by seizing federal lands, providing tax incentives and deporting immigrants. Trump has stated many times that migrants have driven up competition and increased housing prices — this claim is false, but Vance said he would share evidence after the debate via social media. Vance said that one of the strategies for lowering housing costs (in addition to Trump’s plan to deport migrants) would be lowering energy prices.
The VP candidates did agree on one thing, sort of. Walz said “The problem we’ve had is that we’ve got a lot of folks that see housing as another commodity.” Vance also said “We should get out of this idea of housing as a commodity,” before returning to more rhetoric related to immigration.
Health care
Vance promised to cover preexisting conditions if Trump is elected.
Walz spoke about Trump’s opposition to the Affordable Care Act and his attempts to repeal it during his time in office.
On abortion, Vance rebuffed the conjecture that he supported a national ban on abortion, although he did support a bill that would have done just that in 2022. He added that he wants the Republican Party to be pro-family: “I want us to support fertility treatments. I want us to make it easier for moms to afford to have babies.”
Meanwhile, Walz fiercely denied Trump’s accusation that he supports abortion in the ninth month of pregnancy.
Child care
Vance claimed that Trump’s plan to levy a 10% tariff on all foreign imports (with up to 60% for Chinese imports and 100% for vehicle imports from Mexico) would bring in money that would help bring down child care costs. Walz disagreed and said the tariffs would raise prices, which has been backed up by economists from all over the spectrum, including the nonpartisan Tax Foundation.
Walz said Harris would make a paid family leave a priority. “A federal program of paid family medical leave and help with this will enhance our workforce, enhance our families and make it easier to have the children that you want.” Vance said there is a bipartisan solution to child care.
There are no additional debates scheduled for either the presidential or vice presidential candidates.
By midnight on the East Coast, the Polymarket, a prediction market platform, projected a 65% chance that upcoming polls will show Vance won the debate.
The O’Kavage Group said this business tactic was unfair and would harm both consumers and the wholesale mortgage market by limiting competition. However, Judge Wendy Berger of Jacksonville, Fla. District Court, ruled that the plaintiff couldn’t prove that UWM’s agreements with brokers were illegal. In her ruling, Judge Berger stated, “There are no factual allegations … [Read more…]
As the leaves begin to change and a crispness fills the air, Denver, CO transforms into a vibrant autumn playground. From stunning parks adorned with fiery foliage to local festivals celebrating the season, there’s no shortage of hidden gems to enjoy in the Mile High City. From nature lovers to foodies, to arts enthusiasts, Denver offers many fun-filled things to do that capture the ever-so-stunning spirit of fall.
Whether you’ve just settled into your new home in Denver, CO, are on the hunt for the perfect apartment, or are seeking a rental to experience your first Colorado fall, join us as we discover the beauty and excitement of fall activities in Denver.
1. Explore fall farms
As the vibrant autumn colors create a stunning backdrop for outdoor activities, exploring a fall farm in Denver is a delightful way to experience the season come alive. Visitors can wander through pumpkin patches, enjoy hayrides, and participate in apple picking, all while soaking in the crisp, refreshing air. Many farms also offer seasonal events like corn mazes and craft markets, making it one of the perfect fall activities in Denver for families and friends.
Take a holiday wreath workshop
Making a holiday wreath at Yetman Farms is a charming way to embrace the festive spirit while enjoying the beauty of nature. Backed up to Bear Creek Trail, the farm makes you feel like you’re in the middle of the countryside, enjoying an evening in the fields.
To create your own wreath, they use flowers grown right on the farm to celebrate the season. Each personal arrangement reflects the vibrant colors and textures of nature, making your creation truly unique.
Meet the farm animals
With the fields alive with the vibrant colors of autumn, the farm animals roam happily, their coats thickening for the colder months. Chickens cluck around, pecking at fallen leaves, while goats playfully butt heads amid the pumpkin patches.
Home to 175 animals, The Urban Farm is the ideal destination for those looking for a place to see them in their habitat. It’s a perfect time to watch the animals interact, enjoying the bounty of the season together.
Learn about sustainable farming
As harvest time approaches, learning about sustainable farming at SustainEd Farms is a fascinating way to see how farms utilize eco-friendly practices to enrich the soil and conserve water. The vibrant autumn landscape serves as a reminder of how sustainable methods not only benefit the environment but also produce healthy, delicious food for the community. Each lesson learned under the golden hues of fall deepens appreciation for the balance between agriculture and nature.
Celebrate harvest
Ekar Farm’s Sukkot and Harvest Festival is a vibrant celebration of community, sustainability, and the bounty of the season. With pumpkin carving, apple cider making, and activities for all ages, the festival highlights the beauty of nature and the importance of supporting local agriculture. With its sustainably grown fruits and vegetables, it’s the perfect fall destination to connect with the local community.
2. Cozy up with a cocktail at La Forêt
Cozying up with a cocktail at a French restaurant in Denver is the perfect way to escape the chill of fall. The warm ambiance at La Forêt invites you to unwind as you warm up with a bowl of their French Onion Soup or savor their rich Stag au Poivre. Indulge in the cozy forest atmosphere during their ‘Pastis Hour’ and enjoy discounted drinks inspired by the French pastis tradition.
3. Unleash your creativity
A fall art class is a wonderful way to embrace the season’s creativity and warmth. Surrounded by vibrant autumn hues, you can explore new techniques while drawing inspiration from the changing landscape outside. It’s a chance not only to hone your skills but also to connect with others who share a passion for art, all while enjoying the cozy atmosphere that this time of year brings.
Take a watercolor and acrylic class
One of the top fall activities in Denver is attending a fall-themed watercolor and acrylic art class for adults at RemainReal Fine Art Gallery. It’s a perfect way to get creative with friends or as a unique date night. After class, explore the vibrant Santa Fe Arts District, one of the many Denver neighborhoods, where you can peruse local galleries, grab a bite at a nearby restaurant, or enjoy a cozy coffee from a local café surrounded by the district’s artistic energy.
Create your own immersive piece
Located in the walkable neighborhood of Baker, Fleur is a creative space that offers art classes and workshops led by local makers. A woman-owned and operated studio, Fleur curates immersive experiences where participants can dive into a wide range of creative projects from jewelry making to textile arts, stained glass making to natural dyeing. Known for its inclusive and welcoming space, Fleur is the perfect spot to explore new skills and craft something special this fall.
4. Find fall treasures
Thrifting for cozy sweaters at Gone for Good Thrift Store in Denver is a delightful way to embrace the season’s warmth and style. As you sift through racks of gently used garments, the thrill of discovering a unique, oversized knit or a vintage cardigan adds to the excitement.
The soft textures and rich autumn colors invite you to imagine all the cozy outings ahead, from pumpkin patch visits to evening bonfires. Each find feels like a treasure, perfect for layering on chilly days while enjoying the charm of fall fashion.
5. Savor autumnal brews
Denver is known for its vibrant coffee scene, boasting a diverse array of artisanal roasters and cozy cafes that cater to both connoisseurs and casual sippers alike. Start your morning at Nixon’s Coffee House and a latte to fuel up before heading to Washington Park. With the trees turning golden and the crisp air energizing your walk, fall is the perfect time to take a stroll through the park with a warm apple chai in hand.
Just a short distance from the park, an inviting coffee shop such as Nixon’s Coffee House offers a comforting spot to warm up, study, or relax after enjoying some fall activities in Denver.
6. Bike ride to see the fall foliage
Taking a bike ride to see the fall foliage in Denver is a refreshing way to soak in the season’s beauty. The crunch of leaves under your tires adds to the experience, making each turn feel like an autumn adventure. Pausing to take in the breathtaking views, you can truly appreciate the magic of nature’s transformation during this enchanting time of year.
Lindsey Sozio, founder of Lavender Coffee Boutique, recommends, “One of our favorite fall activities in Denver is to go for a bike ride along the scenic Highline Canal Trail to take in the stunning autumn foliage.
Sozio continues, “Afterward, we look forward to unwinding and cozying up at the Lavender Coffee Boutique’s outdoor patio, where we sip on the warm fall drinks while reminiscing about our ride.”
7. Shop local harvests at a farmers market
A farmers market in the fall is an amazing way to experience the sights and scents of the season. With the aroma of fresh baked goods and spices, it’s a perfect opportunity to connect with local farmers and taste seasonal produce.
“Fall Sundays at the South Pearl Street Farmers Market are a true Denver delight. The crisp air, vibrant produce, and warm community vibes make for the perfect autumn outing,” says Alexandra Eitel, operations manager at Sanctuary Chai.
Eitel also recommends heading over to the patio at Steam Espresso Bar after meandering through the market to warm up with a delicious spiced chai.
Go apple picking
Apples are quintessentially tied to fall, embodying the season’s spirit with their vibrant hues and crisp textures. To dive into this ripe fruit of the season, go “apple picking” with Ela Family Farms at many of the local farmers markets. With varieties such as Swiss Gourmet, Honeycrisp, and Hubbardston Nonesuch, there’s something to delight every palate.
8. Experience haunted thrills
Visiting a haunted attraction during fall is a thrilling experience that ignites the spirit of the season. As you step into the eerie atmosphere, the suspense builds with every creaking door and flickering light. Scares in spine-chilling costumes jump out from dark corners, sending shivers down your spine. The adrenaline rush of navigating through haunted mazes and chilling encounters makes for unforgettable memories, wrapping you in the excitement and spookiness that the spooky season brings.
Swamp scares
Stepping into The Ritual Haunted House feels like crossing into another realm. The dimly lit paths wind through wooden beams as you walk through the swamp. Each corner reveals scenes of shadowy figures and eerie artifacts, immersing you in a nightmarish tale that keeps your heart racing until the very end. It’s a haunting journey that lingers long after you escape the depths of the swamp.
Haunted house
Named one of the scariest haunted houses in the country, 13th Floor has haunts that will leave you shaking in your boots. With Mini Escape Games, secret bars, and a Zombie Shooting Gallery, the scares at this spooky experience are sure to leave you with nightmares. Each attraction unveils a new horror, from ghostly apparitions to sinister surprises that leap out when you least expect them. As you navigate the twisting passages, the tension builds with every step, making you wonder what awaits around the next corner in this heart-pounding descent into darkness.
Photo courtesy of 13th Floor Haunted House
9. Do as the lumberjacks do
Take on a thrilling twist to the season and channel your inner lumberjack at American Paintball Coliseum with axe throwing and paintball adventures, perfect for those looking to add some excitement to their fall activities in Denver. Perfect your aim while hurling axes at wooden targets, feeling the rush of each successful throw. Afterward, diving into a paintball match adds an exciting layer of competition, where strategy and teamwork come into play.
Together, these activities offer a unique blend of skill, camaraderie, and a taste of rugged outdoor fun that’s sure to create lasting fall memories.
10. Take in the views at a park
As the landscape of the parks in Denver transforms into a tapestry of vibrant colors, the cool, crisp air invites leisurely strolls along tree-lined paths, where golden leaves crunch underfoot.
“One of our favorite activities is a fall goodie picnic at Cheeseman or City Park,” shares Jocasta Hanson with Honey Elixir Bar. “Grab a tasty tea or coffee, some fall-flavored snacks, a cozy blanket, some of your besties, and spend the day soaking up the sun before the rain starts.”
It’s the perfect time to enjoy a picnic, take in the serene beauty, or simply relax on a bench while soaking up the autumn sunshine.
11. Illuminate the night at Magic of the Jack O’ Lanterns
Magic of the Jack O’Lanterns is the perfect way to usher in the fall season, offering a captivating experience that celebrates the beauty of autumn. With thousands of hand-carved pumpkins lighting up the garden, it’s a magical experience for families, couples, and friends to enjoy.
The walk-through display is filled with intricate designs, spooky scenes, and creative lighting that make every turn feel like a new discovery. It’s the kind of event that gets everyone into the festive spirit while enjoying the beauty of the autumn season outdoors.
12. Craft with the seasonal materials
Engaging your loved ones in the fall season by using seasonal materials to create home crafts is a fantastic way to help kids embrace the festivities.
Julia Grace Yusuf, president of MOMS Club of Denver shares one of her family’s favorite fall activities in Denver, “We grab a cozy cup of coffee and walk over to the park to let the kids play at the playground. Afterwards, we collect the changing fallen leaves for a handprint leaf collage art project.”
Gathering a variety of leaves becomes a fun adventure, as you search for unique shapes and textures to use in your creations. Once home, the possibilities are endless—whether you’re making leaf rubbings, wreaths, or decorations, each craft serves as a beautiful reminder of the enchanting fall days spent outdoors.
Must-do fall activities in Denver: Final thoughts
As the vibrant colors of fall paint the Colorado landscape, there’s no better time to immerse yourself in the season’s unique charm by adding to your Denver bucket list. From scenic hikes and cozy festivals to bright fall foliage, Denver offers a wealth of activities to enjoy. Embrace the crisp air, gather with loved ones, and make unforgettable memories as you explore all that autumn in the Mile High City has to offer.
That’s because expectations of a “gangbusters” spring market are growing. “Going back to maybe the first three to five months of the year, the narrative I was putting out there to people was… we’ve got limited supply,” he said. “Once demand goes up, so will prices. Would you rather buy a house at $500,000 today, … [Read more…]
In the heart of Silicon Valley, a newly built Menlo Park house recently came to market with a price tag that places it miles ahead of the competition.
The $14,200,000 house — located smack dab in central Menlo Park — is currently the most expensive house for sale (by far) in the tech-heavy city, which serves as home to social media giant Meta and is also where Google was born.
Fitting for a place that attracts tech’s brightest (and richest), Menlo Park’s real estate market is among the priciest in the country, with the median home sale price sitting at a hefty $2.6 million, according to Redfin’s data.
Priced at $14.2 million, the centrally located Menlo Park house is the most expensive home for sale in the San Francisco Bay Area city, with the runner-up asking almost a full $3 million less.
But a quick look at the 8-bedroom home makes it clear that the property is also the city’s finest option, pairing a stellar location with a gorgeous contemporary design that takes California’s iconic indoor-outdoor living trend to new heights.
Like Fancy Pants Homes’ content? Be sure to follow us on Google News
Menlo Park’s most expensive home
Photo credit: Open Homes Photography / Coldwell Banker Realty
Newly completed in 2024, the May Brown Avenue house sits on a 0.64-acre lot on a quiet cul-de-sac just moments from Menlo Park’s vibrant downtown.
With a stylishly appointed, contemporary main house, and an equally modern guest house, the Menlo Park property offers a total of 8 bedrooms and 8 full bathrooms, plus a half bath, and a large backyard between the two with a plethora of outdoor amenities.
Representing the property is Billy McNair with the McNair Group, affiliated with Coldwell Banker Realty in Northern California.
Developed by a tech-driven real estate company
Photo credit: Open Homes Photography / Coldwell Banker Realty
The builder is the present owner, Nitin Handa, of Handa Developers Group — a Silicon Valley-based, tech-driven real estate development company that has developed a unique approach to acquisitions and construction, which allows them to complete every project within a set timeframe and budget.
Within 9 years, Handa Developers Group has completed more than 87 real estate deals, raising more than $77 million in capital to complete projects in three U.S. states.
Indoor/outdoor living defines the 7,600+ sq. ft. house
Photo credit: Open Homes Photography / Coldwell Banker Realty
Given their track record, Handa Developers Group knew how to adapt their Menlo Park project to suit the needs of wellness-minded Silicon Valley buyers, and created a contemporary home that perfects the sought-after, indoor-outdoor living trend — which blurs the lines between the two spaces.
“The culture in Silicon Valley often emphasizes innovation and modern living,” Nitin Handa, Founder and CEO of Handa Developers Group, shares exclusively with Fancy Pants Homes. “When we began designing this estate, we immediately knew the property lent itself to an indoor-outdoor situation”.
Seamless transition from outdoor to indoor spaces
Photo credit: Open Homes Photography / Coldwell Banker Realty
“We wanted to create a seamless and flexible living environment that would reflect the value aesthetics and functionality of this part of the Bay Area,” Handa tells us.
As a result, the Menlo Park house embodies the indoor-outdoor living trend to perfection, with its well-proportioned rooms being fitted with folding doors that open up to the outside areas.
More than a home, it’s a lifestyle
Photo credit: Open Homes Photography / Coldwell Banker Realty
“1170 May Brown is more than just a home. It’s a lifestyle,” says listing agent Billy McNair, founder of McNair Group with Coldwell Banker Realty in Northern California.
“Many people in Silicon Valley prioritize wellness, and there is a strong culture of socializing and entertaining. Indoor-outdoor spaces promote a healthy lifestyle and are perfect for gatherings, whether for casual barbecues or more formal events.”
Unassuming from the front
Photo credit: Open Homes Photography / Coldwell Banker Realty
The house welcomes residents and guests with a circular motor court and an elegant facade that — despite its clean lines and polished look — doesn’t give away the luxury we find inside.
Pivot door opens up to a grand foyer
Photo credit: Open Homes Photography / Coldwell Banker Realty
Past the pivot entry door, bright, light-flooded rooms come into view from the grand foyer.
Formal spaces greet guests
Photo credit: Open Homes Photography / Coldwell Banker Realty
Here, formal spaces are ready to welcome guests, including a formal living room with a fireplace.
The formal dining room has a wine gallery
Photo credit: Open Homes Photography / Coldwell Banker Realty
A formal dining room with a temperature-controlled wine display wall is on the other side of the foyer.
The heart of the home is a large, open floor-plan living area
Photo credit: Open Homes Photography / Coldwell Banker Realty
The heart of the home is the expansive kitchen-family great room, a stylish and decisively contemporary living area that opens up to the party-ready backyard.
With a gourmet kitchen
Photo credit: Open Homes Photography / Coldwell Banker Realty
The fully appointed gourmet kitchen features a large center island, Wolf and Sub-Zero appliances, a wet bar, and folding doors that seamlessly blend the interior and exterior spaces.
Cleverly masked appliances
Photo credit: Open Homes Photography / Coldwell Banker Realty
As not to infringe on the contemporary design, many of the appliances have been cleverly masked (as were the electric outlets) to maintain a clean, modern look.
Living area with a fireplace
Photo credit: Open Homes Photography / Coldwell Banker Realty
Completing this space is a lounging area with a large fireplace and comfortable seating.
The primary suite
Photo credit: Open Homes Photography / Coldwell Banker Realty
Heading upstairs, we find the generously sized primary suite that has a fireplace, dual walk-in closets, a spa-like bathroom, and access to an expansive terrace that spans the entire upper level of the home.
All bedrooms have en-suite baths
Photo credit: Open Homes Photography / Coldwell Banker Realty
The upper level also includes a family lounge space and four other bedrooms, all en suite.
See also: This historic home off Lombard St. has some of the best views in all of San Francisco
A stylish home office
Photo credit: Open Homes Photography / Coldwell Banker Realty
Additional amenities include a large recreation/media room with a wet bar, a main-level guest suite with private access, and a refined executive office.
Even the powder room is the epitome of luxury
Photo credit: Open Homes Photography / Coldwell Banker Realty
Each space in the house has been carefully appointed with elegant, stylish finishes. So much so, that even the powder room (the only half-bath in the entire house) is ultra-luxurious.
Mudroom and utility areas
Photo credit: Open Homes Photography / Coldwell Banker Realty
While we rarely pay much attention to utility rooms, in this particular case we have to give a nod to the beautifully designed mudroom, which expertly conceals a washer and dryer behind sleek, screened doors.
A media room with a wet bar
Photo credit: Open Homes Photography / Coldwell Banker Realty
Another room of the house that nails the indoor-outdoor transition is the media (or recreation) room, a flexible space appointed with a wet bar that can have several uses.
The landscaped backyard is like an extension of the house
Photo credit: Open Homes Photography / Coldwell Banker Realty
The large backyard area invites guests to step outdoors with its vibrant greenery and several seating areas.
Outdoor amenities
Photo credit: Open Homes Photography / Coldwell Banker Realty
Outside we find a pool and spa, multiple entertaining terraces, an outdoor kitchen, a BBQ pavilion with bar seating, and privacy landscaping.
There’s also a guest house
Photo credit: Open Homes Photography / Coldwell Banker Realty
Facing the pool is a one-bedroom guest house with a full kitchen, bathroom, and laundry facilities.
Equally stylish as the main house
Photo credit: Open Homes Photography / Coldwell Banker Realty
Benefitting from the same indoor-outdoor living design, the stylish guest house mimics the clean, contemporary design present throughout the main house.
Located in the heart of Menlo Park
Photo credit: Open Homes Photography / Coldwell Banker Realty
The house is located just a stone’s throw from Menlo Park’s downtown district on Santa Cruz Avenue, a lively street with plenty of options for shopping and dining, making it a great option for buyers looking to settle down in a vibrant, walkable area.
Now up for grabs for $14.2M
Photo credit: Open Homes Photography / Coldwell Banker Realty
The newly built house is listed for $14,200,000 with Billy McNair of the McNair Group. And while the price point currently makes it the city’s priciest listing, its design and location — and proximity to top public and private schools, Stanford University, and major tech campuses — will likely turn it into Menlo Park’s most expensive home, as soon as a wealthy buyer lays eyes on it.
More stories
Step inside an exquisite Birge Clark-designed mansion in Palo Alto
The ‘Full House’ house in San Francisco lists for $6.5M — and we finally get to see inside
Yerba Buena Island debuts high-end, sustainable townhomes just minutes from downtown San Francisco
If you’re looking for a premium travel credit card, you might be weighing the value of American Express Centurion lounge access with Capital One lounge access. Centurion lounges have been around longer, offering high-end amenities for eligible cardholders since 2013. Capital One, meanwhile, recently launched its first lounges and is quickly building out its network.
The better choice depends on where you travel and what’s most important to you. My take: Both lounge networks have a lot to offer, but the Centurion Lounges by American Express edge out Capital One lounges.
Because there are more Centurion lounge locations, it’s more accessible for eligible cardholders. These lounges also offer premium drinks at no extra charge, unlike Capital One lounges.
Still, it’s a close competition. Capital One offers more convenient dining options. Once Capital One opens more locations, it could steal the title for the best airport lounge network from American Express.
Winner: American Express Centurion lounges
Capital One currently has three airport lounge locations — Dallas-Fort Worth, Denver and Washington-Dulles. In June 2024, it announced an upcoming lounge in New York-JFK to compete with the AmEx Centurion Lounge and Chase Sapphire Lounge by The Club.
The Centurion Lounge by American Express has 13 locations within the U.S.
These locations include:
Charlotte.
Dallas-Fort Worth.
Houston-IAH.
Los Angeles-LAX.
Las Vegas.
New York-JFK.
New York-LaGuardia.
Philadelphia.
San Francisco.
The Centurion World Lounge Collection also features lounges in 11 additional locations across the globe.
Ease of access
Winner: Tie
Access to the Capital One lounges and Centurion lounges is limited to eligible cardholders and their guests. While non-cardholders can pay an entrance fee, they must be accompanied by an eligible cardholder.
Though Centurion lounges offer more access options, Capital One lounges offer complimentary access for up to two guests without an annual spending requirement.
Capital One lounges
Through Dec. 31, 2024, Capital One Venture Rewards Credit Card and Capital One Spark Miles cardholders receive two complimentary lounge passes each year. Cardholders can use these passes for themselves or to bring a guest into the lounge with them. Starting in January 2025, there is a $45 fee per person for the cardholder and their guests who wish to enter the lounge.
How the cards compare
Capital One Venture X Rewards Credit Card
Capital One Venture Rewards Credit Card
Capital One Venture X Business
Annual fee
Welcome offer
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.
Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening.
Still not sure?
American Express Centurion lounges
The Platinum Card® from American Express and The Business Platinum Card® from American Express cardholders receive complimentary entrance, but they must pay $50 for each guest ($30 for children ages 2 to 17). However, when you spend at least $75,000 each calendar year, you’ll earn complimentary access for up to two guests on each visit. Centurion cards still offer complimentary guest access for up to two people or immediate family members without the annual spending requirement.
In addition to Centurion and Platinum cards, AmEx customers who have the personal or business version of the Delta SkyMiles® Reserve American Express Card credit card also receive access to the Centurion lounge. However, these customers must be flying on an eligible Delta flight. They cannot enter the lounge when flying other airlines. Delta SkyMiles® Reserve American Express Card cardholders can bring up to two guests into the lounge. However, the charge is $50 for adults and $30 for children ages 2 to 17 years.
How the cards compare
The Platinum Card® from American Express
The Business Platinum Card® from American Express
Delta SkyMiles® Reserve American Express Card
Annual fee
Welcome offer
Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.
Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership. Terms Apply.
Earn 100,000 Bonus Miles after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.
Still not sure?
Meals and snacks
Winner: Capital One lounges
The Capital One lounges serve food in single-serving containers rather than traditional buffet dining. It also offers to-go items for travelers on the run, making it a more convenient option than Centurion lounges.
Although it costs money to have a premium travel credit card or pay for airport lounge admission, you save money by getting free meals inside. Capital One lounges and American Express Centurion lounges both offer delicious food for travelers, although the experiences are quite different.
Capital One lounges
(Photo by Lee Huffman)
Capital One lounges feature a “chef-inspired menu” with single-serving dishes that make it simple and easy for visitors to grab food. Walk up and select any of the available food and dessert items from the serving stations.
Food items vary throughout the day to correspond with breakfast, lunch and dinner. For travelers in a hurry, Capital One also offers grab-n-go items that they can take with them.
American Express Centurion lounges
(Photo by Lee Huffman)
Centurion lounges offer “fresh seasonal fare created by locally renowned chefs.” The food is served buffet-style, so you can take as much or as little as you’d like. Items are updated as trays get empty and change throughout the day.
Visitors can enjoy a delicious meal and top it off with delicious dessert items.
Drink options
Winner: Centurion lounges
Lounges typically offer craft cocktails, local craft brews and assorted beverages. Centurion lounges offer complimentary premium beverages, while Capital One lounges charge for orders beyond domestic beers, house wines and well drinks.
Capital One lounges
(Photo by Lee Huffman)
Capital One lounges offer complimentary beverages to visitors. However, if you want premium drinks, there may be an additional charge.
American Express Centurion lounges
(Photo by Lee Huffman)
When ordering a drink at a Centurion lounge, all beverages are complimentary. So, treat yourself to top-shelf liquor, artisan wines or craft beer without worrying about ringing up a huge tab. Although Centurion lounge drinks are free, remember to tip the bartender.
Other amenities
Winner: Tie
Capital One lounges offer dedicated workout and multi-faith rooms, while Centurion lounges offer massages, manicures and other amenities that vary by location.
Aside from food and drinks, premium lounges offer other amenities to make your visit special. Amenities vary by location, but you may be able to book a conference room, shower, sleep pod and other goodies.
Capital One lounges
(Photo by Lee Huffman)
Capital One sets itself apart by offering a dedicated workout space that features Peloton bikes and a view of the runway. It also has a multi-faith room for travelers who wish to pray, meditate or have a quiet moment of reflection before their flight.
American Express Centurion lounges
(Photo by Lee Huffman)
Visitors to the Centurion lounge may be able to spoil themselves with a massage or manicure in between flights. These amenities typically require booking an appointment ahead of time, so plan ahead so you don’t miss out. Some locations also offer other amenities, like a pool table or shuffleboard, to help pass the time in between flights.
Additional lounge access for cardholders
Winner: American Express
In addition to accessing the Capital One lounges and Centurion lounges, eligible cardholders have access to other lounge networks. American Express takes the edge as it partners with more lounge operators than Capital One.
Capital One
The Capital One Partner Lounge Network includes complimentary access to more than 1,300 Plaza Premium Lounges and Priority Pass lounges for eligible cardholders and up to two guests. To enter Plaza Premium lounges, just show your eligible Capital One credit card and your boarding pass.
For Priority Pass lounges, you must enroll by visiting its website and entering your credit card number.
American Express
The American Express Global Lounge Collection includes more than 1,400 airport lounges across 140 countries. In addition to Centurion Lounges, cardholders have access to Escape Lounges, Delta Sky Club, Lufthansa, Plaza Premium Lounges and Priority Pass Lounges.
Travelers can access the Escape Lounges, Plaza Premium Lounges and Priority Pass lounges for free and bring up to two guests at no additional charge. However, Priority Pass access requires manual activation through the benefits section of your American Express account or by calling AmEx customer service.
Access to the Delta Sky Club and Lufthansa lounges requires a same-day boarding pass for the respective airlines. Effective Feb. 1, 2025, Hawaiian Airlines® Business Mastercard® and The Business Platinum Card® from American Express cardholders are limited to 10 visits to Delta Sky Club lounges per year.
To view rates and fees of The Platinum Card® from American Express, see this page.
To view rates and fees of The Business Platinum Card® from American Express, see this page.
To view rates and fees of the Delta SkyMiles® Reserve American Express Card, see this page.
After sustaining a 23-year high for over a year, the Federal Reserve has elected to slash the federal funds target rate by half a point, dropping from a range of 5.25%-5.50% to 4.75%-5%.
Lenders anticipated that the Fed would move to lower rates by some degree, and began adjusting mortgage rate offers ahead of the September 17-18 meeting: Rates fell 23 basis points in the week ending September 12. (A basis point is one one-hundredth of a percentage point.) This means that home shoppers who still find today’s rates out of budget shouldn’t expect more than modest drops in the coming days.
Why the Fed is moving quickly now
The Fed has held rates steady for the past 14 months in an effort to control inflation. Recent data shows that the economy is moving toward central bankers’ target inflation rate of 2% — the latest Consumer Price Index (CPI) report, a broad measure of price changes for goods and services in the U.S., shows that inflation slowed to 2.5% in August, down from 2.9% in July and 3% in June.
This data alone may have justified a softer cut of 25 basis points to keep inflation on a downward trajectory. However, job growth continued to slow in August, and a fairly weak July jobs report showed the rate of unemployment hitting a three-year high. Unemployment is a leading sign of recession, and the Fed’s decision to reduce rates by 50 basis points indicates that employment may have now eclipsed inflation as the Fed’s chief concern for the economy.
While this is good news for mortgage shoppers hoping to score a lower interest rate, the Fed’s aggressive move may reflect an effort to hold off “more rapidly deteriorating labor market conditions and weakening of the economy,” said Selma Hepp, chief economist and senior vice president at the housing data provider CoreLogic.
Lawrence Yun, chief economist at the National Association of Realtors (NAR), said that the Fed’s choice could be the result of both positive and negative factors. If an unsteady job market is the Fed’s primary motivation, it could mean that central bankers see the possibility of a recession. On the other hand, it could be a good sign “if the Fed has a solid belief that inflation is conquered, even as CPI remains at 2.5%.”
Mortgage rates have further room to fall (but home prices will rise)
Falling interest rates are likely to signal changes across the housing market. Freddie Mac’s August 2024 Outlook projects that the labor market will continue to weaken into 2025. In this scenario, Freddie Mac outlines the probability that mortgage rates will trend downward in the coming months, leading to a “significant surge in demand, mainly from the first-time home buyers left at the margins,” as well as a small uptick in housing inventory as the rate lock-in effect loosens somewhat.
With an influx of buyers and inventory remaining tight, home prices are expected to rise 2.1% in 2024 and 0.6% in 2025. Fannie Mae’s August economic development report projects that mortgage rates will average 6% in 2025.
While Fed watchers are mostly inclined to believe that another cut will come at the November 6-7 meeting, any decision by central bankers will be informed by trends in new economic data as it emerges. One CPI report and two jobs reports will be released between now and then, and what they reveal about the rates of inflation, unemployment and job growth will be a major indicator of when and how the Fed may choose to shift rates.
How home buyers can move forward
Market traders were divided over predictions of what central bankers would do in the days leading up to this September meeting. Those currently shopping for a mortgage should remember that mortgage rates will continue responding to expectations of what the Fed will do, rather than waiting for central bankers to take action. If additional rate cuts are expected, we could see mortgage rates fall even further before the November meeting.
There’s no perfect way to time the market, and buyers holding out for mortgage rates to hit their lowest point will have to contend with greater competition and higher home prices. While it’s understandable to want to get the best deal, the “right time to buy” is determined by personal factors as much as economic ones.
If you can afford to move forward with your homebuying plans now and want to take advantage of refinancing later, you can benefit from strategically keeping your closing costs as low as possible, since you’ll have to pay them again when refinancing. For example, if you’re hoping to refinance in the next year or so, it wouldn’t make sense to pay for points that lower your mortgage rate at closing right now.
However, while it can be useful to think about your refinancing plans when considering your closing options, it’s not recommended that you commit to a mortgage you cannot comfortably afford with an expectation that you’ll refinance later. The lack of consensus among industry experts going into this meeting should underscore the fact that it’s too risky to rely on a concrete timeline of when rates will hit your specific target.
Chicago may be famous for its eye-catching skyline and iconic deep-dish pizza, but the city’s true charm lies off the tourist path. Whether you’re an adventurer, a crafty soul, a foodie, or simply looking to relax, there’s plenty of unique things to do in Chicago, IL..
Whether you’re in the market to buy a home in the city, have your eyes on an apartment, or looking to rent a house in the area, you’ll soon find there’s plenty of unique things to do in Chicago. First-time visitors, new residents, and lifelong locals alike will discover hidden gems that make you fall in love with the Windy City.
1. Unleash your creativity
Chicago is renowned for its rich artistic heritage and vibrant art scene. Whether you’re looking to enrich your skills or just enjoy a creative escape, the city offers endless possibilities to foster your creativity.
Express your artistic skills
If you’re looking to enhance your art skills or indulge in a creative escape, head to The Paintbrush, a beloved art studio nestled in Lincoln Park where they offer art classes and events for kids as well as their After Dark adults program which has featured events like “Art and Wine Night” or “Sip and Slime.”
Try your hand at street art
Always admired street art and wish you could try it yourself? Head to The Studio W.I.P in Uptown, where you can dive into the world of street art through their hands-on Spray Paint workshops. If you prefer to appreciate the art from afar, join a Chicago street art tour and explore the vibrant murals around the city. Gabby at The Studio W.I.P shares, “the perfect way to end your night is with some prime hole-in-the-wall pizza at Gigio’s Pizzeria.” Here, you can expect to satisfy your taste buds with classic and satisfying traditional pizzas.
Experiment with different mediums
Not an artistic person yourself but have a little one who wants to explore their creativity? Easel Art Studio, located in Ravenswood and Bucktown, offers all avenues of art including classes like Food Art, Printmaking, and Portfolio Lab. Each class is focused and led by talented instructors who ignite every child’s imagination and encourage artistic freedom.
2. Serving sports beyond the stadium
Chicago is a city that lives and breathes sports, but the action isn’t limited to just watching from the stands. For those eager to get in on the excitement, the city offers hands-on experiences that go beyond the ordinary, catering to both adrenaline seekers and casual enthusiasts.
Hit the slopes year-round
Check out Snowlike Studio, the only indoor ski and snowboard spot in the area. Located in Schaumburg, IL, this unique venue offers a chance to hit the slopes year-round, whether you’re a beginner or a pro, young or old.
Photo courtesy of Snowlike Studio
Eat, drink, and swing
For an unforgettable game night, head to The Barn Hockey Bar and savor a chef-driven menu with friends, sip on ice-cold beverages, and enjoy nonstop fun in a lively atmosphere. Need a break from the action? Swing by the “Gilmore Room” in the back, featuring two state-of-the-art golf simulators for some friendly competition between periods.
The pregame before the game
Start your pre-game adventure just a short walk away from the ballpark at Café Tola on Southport. You can enjoy Chicago’s best empanadas and horchata lattes in a vibrant setting that gets you ready for the exciting game ahead. This beloved café provides the perfect on-the-go snack before you make your way to Wrigleyville for a Cubs game.
3. Take your taste buds on an adventure
Chicago’s food culture is a colorful tapestry of flavors and experiences. The city blends diverse culinary traditions with local innovation, offering a dynamic array of dining options that cater to every palate and occasion.
Sip and savor with friends
Located in two Chicago locations, get a feel for the cool industrial energy at Fulton Market or the history charm meets modern artistic vibe at Logan Square when visiting Federales Bars for a bite to eat. “If you’re new to the city, you have to try Federales,” Tonia Rudny at Feed Media shares, “both locations offer tasty margaritas, handmade taquitos, Chicago’s best guacamole, and 15+ creative tacos. Plus, monthly specials, a great happy hour, and a weekend brunch you can’t sleep on.”
If a sports game and live music is more your speed, head to Joe’s Bar on Weed St. This six-time Academy of Country Music Award winner for Nightclub of the Year, has been the go-to place for both local and touring country acts for 27 years. Not only is it a music hotspot, Joe’s is also one of the city’s largest sports bars, featuring alumni and fan clubs for teams like the Carolina Panthers and the Pittsburgh Steelers.
Photo courtesy of Federales Bar
Experience global flavors
Satisfy your craving for a European vacation at Cafe Cremerie, where the flavors and ambiance of Europe come to life. This charming spot invites you to indulge in exquisite sweets, savory bites, rich, smooth coffee, and a curated selection of wines—all set within a warm, inviting atmosphere that transports you straight to the heart of Europe, no passport required.
Continue your global culinary journey at ROOH, one of Chicago’s top modern Indian restaurants. Known for blending authentic flavors with unexpected local ingredients, ROOH offers a dining experience that’s both innovative and true to its roots. Don’t miss their new tasting menu, crafted in collaboration with a Michelin-starred chef from the Netherlands, for a promising fusion of international tastes.
For a touch of Ireland without leaving the city, get up early on the weekend for a rugby or Premier League match at Mrs. Murphy’s. Enjoy a full Irish breakfast at this imported Irish bar, complete with an authentic pub experience. If you’re not into pints or whiskey, join the lively music session, sign the kids up for Irish music lessons, or pick up imported Irish chocolates, biscuits, and sausages from the shop.
Fine dining lovers
For an approachable fine-dining experience, Boka is a must-visit Michelin-starred restaurant located in the heart of Lincoln Park. With a stunning main dining room, a cozy patio, and a bar serving delicious handcrafted cocktails, Boka offers an elevated yet welcoming atmosphere that makes every visit special.
4. Feel the buzz of live entertainment
If you’re in need of a good laugh, KOVAL Comedy at Chicago Comedy Works delivers both top-notch stand-up and specialty cocktails. Each show features some of Chicago’s best comedians, and to make it even better, all proceeds benefit a local nonprofit partner for the night. Whether you’re rounding up friends or flying solo, it’s the perfect way to enjoy an evening of laughter and support the community.
5. Discover local treasures
Chicago is a shopper’s dream for finding unique and eclectic items. With its rich vintage scene, the city offers a range of opportunities to discover distinctive pieces, from rare antiques and one-of-a-kind home decor to hidden literary gems.
Time travel through vintage finds
For a rotating shopping adventure, check out the Vintage House Chicago pop-up, perfect for all your thrifting needs. Popping up twice a month at different city locations, Vintage House features a mix of vintage and handmade vendors, offering everything from 1920s pieces to Y2K styles.
If home decor for your new home is what you’re after, look no further than Vintage Grind House. Located in Chicago’s Irving Park area, explore one of the largest collections of truly eclectic vintage furniture including chairs, sofas, lighting, art and one-of-a-kind knick-knacks. Be prepared to spend hours browsing through turn of the century antiques, mid century modern, post modern, contemporary furnishings and everything in between.
Photo courtesy of Media Meade (@oppungo) | Vintage House Chicago
For the bookworms
For an intimate literary escape, visit Tangible Books at 3326 S. Halsted. This cozy shop caters to Chicago’s literati and book lovers, with owner Bob always on hand to chat and help you discover your next great read. Don’t miss their periodic events, like the poetry readings and open mic nights hosted by Vittorio Carli every first Saturday of the month. Plus, if you’re looking to declutter your bookshelves, Tangible Books offers a convenient way to recycle your reads.
6. Explore Chicago from every angle
Taste the history
While you’re exploring Chicago’s diverse neighborhoods and soaking in the local culture, taking a Chicago Foodways Tour is another great step to deepen your connection with the city. The tours highlight the stories of Chicago’s immigrant communities and the delicious cuisines they’ve brought with them, from the hidden gems of Andersonville to the vibrant flavors of Uptown and Lincoln Square. It’s a perfect way to experience the city’s global culinary landscape while learning about the people who shape Chicago’s cultural fabric.
Uncover the dark secrets
Dig into the dark side of Chicago’s history with the thrilling Gangsters and Ghosts Tour. This unique experience blends history and mystery as you walk through the same streets once ruled by notorious mobsters like Al Capone. Expert guides will share chilling stories of power, crime, and the supernatural while you visit haunted landmarks that vividly bring Chicago’s dark past to life.
7. Set sail
To truly experience life in Chicago, take it in from the other side of Lake Shore Drive with KnockOut Charters. Whether you’re cruising to Soldier Field for a Bears game, enjoying a sunset cruise after dinner on the river, exploring the skyline on a private architecture tour, or relaxing in the playpen with your friends, taking a ride on the water offers a unique and unforgettable way to explore the city.
Unique things to do in Chicago, IL: Final thoughts
Chicago is a city that thrives on its diversity, offering an array of experiences that go beyond the typical tourist stops. Whether you’re just in the beginning phases of thinking about moving to Chicago or you’re a lifelong resident, there’s something for everyone. you’re exploring local art scenes, trying new sports, indulging in the city’s culinary offerings, or unearthing vintage treasures, there’s always something unexpected to discover.
The revised guidelines are aimed at reducing antitrust concerns and fostering healthier competition, but some worry about the potential burden on first-time buyers or less experienced agents. “The following questions will help homebuyers and home sellers better understand the recent practice changes in residential real estate and what the changes mean for them,” NAR wrote … [Read more…]
Homebuyers who want modern touches and few maintenance worries may opt to purchase new construction or have a home built to order.
In mid-2024, the median price of a new home was $429,800, according to the U.S. Census Bureau. As homebuyers have found a shortage of existing homes on the market in recent years, new-home construction has worked to fill the gap and consumers may find builders offering incentives to choose new construction. You’ll want to understand the market and learn some of the lingo.
Understanding New Construction Homes
On the upside, newly constructed homes can come with warranty-backed electronics, energy efficiency, and high-end features.
But new construction isn’t without potential snags, such as construction delays and the mounting price of upgrades.
The type of new construction you choose will determine cost and ability to customize and may also affect your home loan options.
• Tract homes. These go up in a builder’s new development. The buyer chooses the lot and design features.
• Spec homes. These are move-in-ready homes, but the buyer still might be able to choose some of the finishings. It’s a good idea to understand the difference between standard property features and upgrades.
• Custom homes. A builder tailors a house to the buyers’ specifications on their land.
How Do I Buy a New Construction Home?
A first step is to get preapproved for a mortgage and hire a real estate agent. You’ll choose a builder, go over your desired home features, and sign the builder contract, which will include the anticipated timeline, the cost, and all other details.
Mortgage options for a tract or spec home are the same as buying an existing home: conventional or government-backed home loans.
Those who are building a custom home might use a construction loan for the build and then obtain a mortgage once the home is complete. There are, however, FHA, VA, USDA, and conventional construction-to-permanent loans, also called single-close loans.
Figuring Out the Costs of New Construction
How much does it cost to build a new house? For 2,500 square feet, it could cost $345,000, but of course, there are lots of variables, including location, the price of labor and materials, and your tastes.
For a spec home, it might be a good idea to look at comparables in your area. For a new build, HomeAdvisor suggests budgeting the amount each project of the home requires as well as the necessary time to build.
In normal times, expect to spend about 50% of your budget on materials, HomeAdvisor says.
Buying a staged model house? The upgrades are considered marketing costs, and the home may have been walked through many times. You might have lots of room to negotiate.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
Pros and Cons of Building or Buying a New Construction Home
Buying new has its pros and potential cons.
Pros
Everything’s New. Novelty can be a lure all its own. From a practical standpoint, new items signal less maintenance for years.
Additionally, with a from-scratch property, homebuyers may also be able to build their house on the precise plot of land that they want. Buying an existing home could mean having more neighbors nearby or less choice about the size or borders of the property.
Warranties. Appliances, roofing, and the HVAC system may be covered by manufacturer and construction warranties. Replacement or repair may be guaranteed for years, which can be a big relief when buying new construction as opposed to buying an existing home. Ask most homeowners about typical home repair costs. They are the opposite of fun.
Energy Efficiency. Homebuilding has been moving toward energy efficiency, or green architecture. Features like solar panels, treated windows, efficient lighting, and energy-saving appliances curb home energy expenses over the life of owning a home.
Reduced Homebuyer Competition. If a buyer opts to build a new home on an undeveloped tract of land, chances are low that a competing homeowner wants to build in that exact location at the same time.
Benefitting From Buying Discounts. A local contractor has ties to building supply companies and hardware stores. These business-to-business connections may translate into lower costs.
Cons
Land-Starved Locations and Zoning. The denser a community — think a big city or large suburb — the harder it may be to find land to build on. Moreover, local zoning regulations often regulate the size and type of new homes that can be built on residential lots.
Potential Building Delays. It takes 7 to 12 months on average for a contractor to build a house, and 12.1 months for an owner to, according to census data. That’s a significant wait, but building delays are fairly common and add to the bottom line. If a homebuyer needs to rent, for instance, while the house is being constructed, any delays could mean extra housing expenses.
New-home buyers can prepare for changes by touring similar finished homes in the community, researching the builder’s reputation, and speaking to residents. It’s also a good idea to talk with the builder about common construction delays and how unexpected costs are handled.
Negotiating Price May Be Harder. When working with a homebuilding company, negotiating may not be possible. Many builders attach a minimum price to the construction of a new home.
Upgrades Add Up. If wood floors, glass-front cabinets, and premium tile are must-haves, be prepared to pay for them. There is usually a “starting-from” price attached to newly constructed homes. Upgrades can add substantial costs to a new home.
Buying Tips for Newly Built Homes
Prepare to breathe in that new-house smell, but first lay the foundation.
Line Up Financing
When it comes to buying any type of house, getting prequalified is good. Getting preapproved is more serious, because you will have let lenders vet your finances and give you a specific amount you qualify for.
Lenders can also recommend the best kind of financing for a new build.
Hire a Real Estate Agent
Homebuyers wanting to make a new dream home a reality may want to find a good real estate agent. Here’s one reason why that’s important: The sales contact from the home construction company is hired to represent the seller (i.e., the builder or developer). A buyer’s agent can champion buyers’ interests, negotiate the contract, and answer questions.
Ask for Builder Concessions, Sign the Contract
Homebuyers aren’t likely to get a builder to slash a new home’s sales price, but they might be able to gain some concessions. Some builders may offer upgrades at a reduced price to incentivize a homebuyer to buy.
Upgrades may come in the form of a higher grade of carpet, granite countertops, a more advanced HVAC unit, or higher-end kitchen appliances. It doesn’t hurt to ask.
Once you’re pleased with your decisions, you’ll sign the builder contract to buy a spec home or start construction on a home.
The Takeaway
Newly constructed homes have obvious appeal, but they can come with potential delays and other drawbacks. Buyers who have their heart set on a brand-new home will find that financing often works the same way as it does for an existing-home purchase.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
Can you negotiate the price of a new construction home?
Negotiating the price of a new construction home can be challenging as many builders set a minimum price. However, it might be possible to negotiate upgrades or concessions instead of a price reduction. Homebuyers can work with a real estate agent to help them negotiate with the builder.
What is a realistic budget for building a house?
A realistic budget for building a house will vary depending on the location, size, and desired features. In general, a 2,500 square foot home requires a budget of around $345,000, not including the cost of land. But cost can increase or decrease depending on the specific materials and finishes chosen.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.