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After first bouncing onto the market with a $20.5 million asking price about six months ago, LeBron James has officially sold his Brentwood Park mansion, one of two Brentwood estates he owns. Records reveal the property, which hasn’t been occupied by the NBA superstar for several years, went for $19.6 million in an off-market deal […]
- LA Times
Gov. Gavin Newsom signed legislation that allows more than one unit to be built on lots zoned for only one. It sounds technical, but it's a major change in California housing policy. Here's what it means.
- Robb Report
Featuring a pool and private pier, the modern beach house is a masterclass in restrained luxury.
It's no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you're looking to buy or sell a home, you're likely eager to know how long this will last. In June...
The world’s most indebted real estate developer, China's Evergrande Group, is struggling to make loan payments on its more than $300 billion in liabilities. Here's what that could mean for the world's biggest real estate market
Always wanted to live in the Doge’s Palace, but in Florida? Too late! “Marrying Millions” reality star Bill Hutchinson’s waterfront Gothic style fantasy in Coconut Grove, Fla., has just sold. The property was languishing on the market at $8.25 million until agents Chad Carroll and Matthew Dugow (with The Carroll Group at Compass) raised the […]
- Architectural Digest
The home was listed for $37.5 million and is the Tesla co-founder’s last remaining dwelling after he sold off numerous properties and declared his desire to “own no house”
After less than two years of ownership, John Wells has sold his elegant Hancock Park estate for $7.3 million. While that’s more than the $7 million the prolific TV creator (“Shameless,” “The West Wing,” “ER”) paid in January 2020, it’s also significantly less than his nearly $7.9 million asking price, and an arguably very fair […]
Selling Sunset' s Jason Oppenheim Reveals Why He's Listing $8M Home Less Than a Year After Buying It
"I did a pretty extensive 7-figure renovation," Jason Oppenheim tells PEOPLE of the home, which he purchased in October 2020
Mortgage rates continue to move within a very narrow band, as the housing market could be primed for another surge in interest from prospective home buyers. The 30-year fixed-rate mortgage averaged 2.86% for the week ending Sept. 16, down two basis points from the previous week, Freddie Mac (FMCC) reported Thursday. Mortgage rates are in line with their level from last year — a year ago, the 30-year loan averaged 2.87%.
Investing in something other than stocks and bonds is undoubtedly a significant element of asset allocation. Two optimal alternative investments are real estate (land and structures on it—real property, in other words) and infrastructure (vital physical networks that industries, individuals, and regions need, like transportation, communication, sewage, water, and electric systems). Both real estate and infrastructure constitute attractive investments for risk-averse investors, especially during bear markets.
Will there be a housing market crash in 2021? A majority of experts think not. "People are saying we're in a housing bubble, but I don't think the term housing bubble is the right description," said...
You're ready to buy a new home, but that's often easier said than done in the current real estate market. Like many parts of the country, your local area is in the midst of a wild seller's market...
- Associated Press
Boston's famous Skinny House has sold for a nice fat price. The home “received multiple offers and went under agreement for over list price in less than one week," real estate agency CL Properties posted on Facebook. The four-story home built in 1862, according to a plaque on the facade, is about 1,165 square feet (108 square meters) — even though it is about 10 feet (3 meters) wide at its widest point and narrows in the back to about 9.25 feet (2.8 meters).
- Los Angeles Times Opinion
California will never build enough housing as a long cities hold single-family neighborhoods sacrosanct and use local control to maintain the status quo.
- Business Insider
Boston's famous 'Skinny House,' reportedly built after a feud between 2 brothers, sells over asking price for $1.25 million
The 10.4-foot-wide house is Boston's skinniest home, and legend has it that it was built after two brothers feuded over a piece of inherited land.
- WLS – Chicago
When it comes to buying homes, Latinos, especially younger ones, are shaping the future.
- Yahoo Finance Canada
Through passive fractional real estate ownership, investors can look for returns without having to qualify for a big mortgage or come up with a huge downpayment.
- Reuters Videos
It's a sight repeated across China. Scores of unfinished homes, with construction at a standstill. They're the work of ailing property developer Evergrande. This week saw reports that the giant firm could fail to make loan interest payments. It's weighed down by $305 billion in liabilities. Markets and officials are worried what might happen if it succumbs to a messy collapse. People who bought apartments for the firm have a more immediate concern. They want to see their new homes finished. Fan Wanting bought an apartment at complex in the city of Luoyang: "We definitely hope that the government will come out and give us an assurance. We still have to pay the mortgage. Our children go to school around here. The pressure on our young people is also very high. We hope that construction workers will return as soon as possible, and then hand over the house as soon as possible. In that event, our lives at least have some kind of certainty."Other buyers have been told they can't get a refund. Evergrande employees are worried too. This property salesman, who didn't want to be identified, said there had already been a lot of layoffs. It all leaves buyers looking to Beijing. The Chinese government has asked Evergrande to guarantee that it can deliver all units sold. Investors also have questions. Will the firm be allowed to go under, or will Beijing intervene in some way?Many worry that an unmanaged default would have unpredictable and severe consequences for China's financial system. Right now though, no one is getting any answers to their questions.
- KERO - Bakersfield Scripps
It's a seller's market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too. Here are the top seller mistakes and how you can avoid them.