Categories for Real Estate

Playboy Mansion Sold to Billionaire Next-Door Neighbor

June 8, 2016 5:27 pm  | Comments: 656 | Views: 4191
Hollywood’s notorious Playboy Mansion is about to have a new owner – the estate’s next-door neighbor, 32-year-old Daren Metropoulos. The Wall Street Journal reports the historic Holmby Hills, California property is currently in contract to sale to Metropoulos, a principal of the private-equity firm Metropoulos & Co., owner of Hostess Brands, and a former co-CEO… View Article

Buying Beats Renting, But Not By Much In These Places

July 21, 2015 8:30 am  | Comments: 633 | Views: 7273
Right now, homeownership is 35% cheaper than renting on a national level, according to a report from Trulia. Last year, it was 33% cheaper to be a homeowner than a tenant. Home prices have risen slightly faster than rents over the last year, the report found. But at the same time, mortgage rates remain low,… View Article

Zillow Buys Trulia For $3.5 Billion

October 26, 2014 8:30 am  | Comments: 510 | Views: 2638
Zillow will acquire Trulia in a $3.5 billion stock deal, the companies announced Monday. The deal, approved by both companies’ boards, is expected to close next year. The real estate brands will continue to operate under their individual names. Trulia CEO Pete Flint will maintain his position and report to Zillow CEO Spencer Rascoff. Trulia… View Article

Chinese Buyers Flock to U.S. Housing Market

October 1, 2014 2:30 pm  | Comments: 20 | Views: 1198
Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result. More than half of the $22 billion Chinese buyers spent on U.S. homes during the 12 months ended in March was spent in California, Washington and New… View Article

Manhattan Condos at Half Price Reshape New York’s Harlem

September 11, 2014 2:30 pm  | Comments: 18 | Views: 1156
Jason and Robyn Turetsky watched from their window as, brick by brick, a new condominium development rose across 116th Street in New York’s Harlem. The Turetskys, who married in December, decided to buy a three-bedroom, 1,500-square-foot (140-square-meter) unit at the Adeline, right across from their current rental. Staying in the neighborhood presented a better value… View Article

Middle Class Americans: Poorer Than You Think

August 29, 2014 8:30 am  | Comments: 1 | Views: 1268
The numbers seem to back it up. Americans’ average wealth tops $301,000 per adult, enough to rank us fourth on the latest Credit Suisse Global Wealth report. But that figure doesn’t tell you how the middle class American is doing. Americans’ median wealth is a mere $44,900 per adult — half have more, half have… View Article

Why do so many nations want a piece of Antarctica?

June 26, 2014 4:52 pm  | Comments: 774 | Views: 3134
Antarctica is the hardest place I know to write about. Whenever you try to pin down the experience of being there, words dissolve under your fingers. There are no points of reference. In the most literal sense, Antarctica is inhuman. Other deserts, from Arabia to Arizona, are peopled: humans live in or around them, find… View Article

Average 30-Year Mortgage Rate Drops To 4.17%

June 24, 2014 5:36 pm  | Comments: 74 | Views: 3447
Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17% from 4.20% last week. The average for the 15-year mortgage dipped to 3.30% from 3.31%. Rising prices and higher interest rates beginning in mid-2013 have… View Article

Broker Scores $13 Million Deal Using Only Social Media

May 6, 2014 8:30 am  | Comments: 2 | Views: 1154
Some real-estate brokers blog. Plenty others tweet. And some reel in clients via Facebook and Instagram. And then there are brokers who sell $13 million worth of real estate, sight unseen, via social media. Last month, Ryan Serhant, a NestSeekers agent and one of the leads on Million Dollar Listing: New York, Bravo’s sharky reality-TV take on New York… View Article