real estate

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Renter Won't Give Up Rahm's Chicago Home

Rob Halpin won't even allow Emanuel to crash in the basement

(Newser) - As White House chief of staff, Rahm Emanuel is one powerful hombre—but he’s apparently powerless in the face of Rob Halpin, the guy renting his house in Chicago. Halpin re-signed the lease to the place on Sept. 1—just six days before Mayor Richard Daley announced he would...

Home Prices Up 3.2% Over July 2009
 Home Prices Up 3.2% 
 Over July 2009 

but downturn looms
Sep 28, 2010 8:47 AM CDT

Home Prices Up 3.2% Over July 2009

July numbers up .6% from June, but demand weakening

(Newser) - Home prices rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead. The Standard & Poor's/Case-Shiller 20-city home price index increased 0.6% in July from June and 3.2% from a year ago. Twelve cities showed monthly price gains. However,...

10 Reasons to Buy a House
 10 Reasons to Buy a House 
Sep 19, 2010 6:35 AM CDT

10 Reasons to Buy a House

Housing market gloom is over-hyped

(Newser) - Has the housing crisis scared you out of the market? Too bad, because there are still many good reasons to buy, writes Brett Arends in the Wall Street Journal . A few points to consider before hopping on the first train to rents-ville:
  • You could get a deal: Prices are down—
...

Home Repos Hit Recession High

US on track for 1M foreclosures this year

(Newser) - Lenders took back more homes in August than any month since the start of the US mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, RealtyTrac said today. In all, banks repossessed 95,...

World's Most Expensive Home Sells For...

...a whopping $305 million, according to reports

(Newser) - Perhaps you thought Brad Pitt and Angelina Jolie’s recent $40 million mansion purchase was a bit extravagant. Well, it was nothing compared to this: The world’s most expensive home just sold for $305 million, according to the New York Post , which cites a report in the London Times....

20 Worst Places to Sell Your House

Hint: California and Florida show up a lot

(Newser) - It's a rough time in general to sell your home, but some places are (far) worse than others. Richard Florida rounds up the 20 worst for the Daily Beast , with nine of the regions in California and six in Florida. Here are the top 5:
  1. Riverside-San Bernardino-Ontario, Calif: One of
...

Hands Off, Obama: Let Housing Prices Fall
Hands Off, Obama:
Let Housing Prices Fall
opinion
Aug 28, 2010 1:07 PM CDT

Hands Off, Obama: Let Housing Prices Fall

False incentives will hurt us in the long run

(Newser) - In case you missed it, be advised that home sales have fallen off a cliff. This week's grim numbers will no doubt raise the call for the Obama administration to reach into its bag of tricks (bring back that tax credit, maybe?) to encourage people to buy and thus keep...

After 17 Years on Market, Mega-Mansion Sells

Tyler Perry paid $7.6M for place he's going to tear down

(Newser) - Celebs plunk down millions on mansions every day, but Tyler Perry's new acquisition is somewhat more storied. The scribe bought Atlanta's Dean Gardens, which cost $25 million to build, features 58 acres, a golf course, wedding chapel, and what the New York Times calls an almost universally mocked "collision...

Christie Brinkley Hawking Hamptons House for $15.75M

(Newser) - And you thought she was just a pretty face. Ex-supermodel Christie Brinkley is offering for sale one of her several Hamptons homes—for the low, low price of $15.75 million. Located in North Haven, NY, near Sag Harbor, it was built in 1843 and features 5500 square feet, 4....

Despite Split, Wife Will Join Mel Gibson in Australia

Robyn Gibson urged Mel to flee Hollywood

(Newser) - The mother of Mel Gibson's first seven kids is siding with him in the custody dispute over No. 8 , but their involvement goes deeper: Not-quite-ex-wife Robyn Gibson has encouraged the actor to return to Australia—and will make the move herself, reports the Daily Mail . Oksana Grigorieva's "allegations have...

'Regular Guy' Limbaugh Sells NYC Condo for $11.5M

Getting out of city because of taxes

(Newser) - After complaining about New York City's high taxes, Rush Limbaugh is parting ways with the city, selling his posh Fifth Avenue penthouse for $11.5 million. Limbaugh, who bought the place for $5 million in 1994, recently said on his radio show that he was going to "get out...

Rich Default Far More Than the Rest of Us

Wealthy 'are more ruthless,' says analyst

(Newser) - Whether they're throwing in the towel on a California beach home or ski chalets, wealthy Americans are currently defaulting on mortgage payments at extremely high rates. One in 7 of those who owe more than $1 million on property are seriously delinquent, reports the New York Times . For those who...

Tax Credits Gone, New Home Sales Plunge 33%

May numbers are lowest since 1963

(Newser) - Sales of new homes collapsed last month, sinking 33% to the lowest level on record as potential buyers stopped shopping for homes once they could no longer get government incentives. The Commerce Department says new home sales fell in May from a month earlier to a seasonally adjusted annual sales...

Amityville Horror House Up for Sale

Owner seeks $1.15M for famous murder site

(Newser) - The Long Island house made famous by the Amityville Horror movie has hit the market for $1.15 million, horrors not included. A family of 6 was murdered in the home in 1975, and the movie was loosely based on the haunting the next family to move in claimed to...

Palin: Obama's an 'Opium Addict'

Speech at real estate convention does not fly

(Newser) - If only what happens in Vegas really did stay in Vegas: Sarah Palin brought her act to a retail Realtors' convention this weekend, but instead of giving a leadership speech, she delivered her stump speech, slammed Obama as an "opium addict" (Other People's Money, get it?), and stuck in...

For Sale: Field of Dreams
 For Sale: Field of Dreams 
May 14, 2010 2:55 PM CDT

For Sale: Field of Dreams

$5.4M pricetag for Iowa landmark includes place in film history

(Newser) - For sale: 193 acres of Iowa farmland, worth about $1 million but priced at $5.4 million. For the extra money, you get a world-famous baseball diamond that attracts some 65,000 annual visitors, and maybe a bunch of ghosts. That's right—it's the property from Field of Dreams. "...

Truman Capote's Brooklyn Home on Sale for $18M

The place he wrote Breakfast at Tiffany 's

(Newser) - The Brooklyn townhouse where Truman Capote wrote Breakfast at Tiffany's and other notable works is on sale for $18 million. The building, on the market for the first time in 70 years, is expected to break sales records as one of the most expensive townhouses in the borough, Sotheby's International...

New Home Sales Take Huge Leap
 New Home Sales 
 Take Huge Leap 

Apr 23, 2010 10:08 AM CDT

New Home Sales Take Huge Leap

Crucial metric scores biggest jump in 47 years

(Newser) - Sales of new homes surged 27% last month, bouncing off the previous month's record low and blowing past expectations as better weather and government incentives boosted sales. In all, new home sales rose to a seasonally adjusted annual pace of 411,000 in March, the biggest monthly jump in 47...

Foreclosures Hit New High as Banks Clean House

One in every 138 homes taken

(Newser) - A record number of US homes were lost to foreclosure in the first three months of this year, a sign that banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report. RealtyTrac said today that the number of homes...

New Owners Love Bernie Madoff's Pad

Patio trumps 'karma' concerns

(Newser) - Bernard Madoff may be a despicable con artist, but say this for the guy: he had a nice place. Now that place, a penthouse overlooking Manhattan’s Upper East Side, belongs to toy mogul Al Kahn and his wife, Patsy, and they say they couldn’t be happier, reports the...

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