Musk’s mystery houses and mortgages at 6.6% — housing in limbo
Digest Newsletter
·
Jun 12, 2026
Musk’s mystery houses and mortgages at 6.6% — housing in limbo
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A billionaire says he owns no home while records whisper otherwise, and the rest of the market is trying not to panic as borrowing costs stay stubbornly high. It’s a real estate soap opera with tax filings and interest-rate plots — dress warmly, the market’s cool.
Real Estate
Musk’s hidden homes and 6.6% rates keep buyers cautious
Despite public denials, Elon Musk appears linked via LLCs to at least three West Lake Hills homes between 6,000–9,000 sq ft, per public records reported by the WSJ, a reminder that billionaire real estate can come with corporate disguises. [P]At the same time, mortgage rates near 6.6% are chilling demand and tipping forecasters toward only modest price gains, according to a Reuters poll — meaning buyers and sellers may stay on the sidelines until rates ease.