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California Home May Be Second Most Expensive Property Ever Sold

California Home May Be Second Most Expensive Property Ever Sold

Creatas/Thinkstock(NEW YORK) — The $117.5 million estate of a financier in Northern California may be the second most expensive property ever sold in the U.S., according to SF Luxe.SF Luxe reported that financier Tully Friedman, the previous owner, so…

California Home May Be Second Most Expensive Property Ever Sold

California Home May Be Second Most Expensive Property Ever Sold

Creatas/Thinkstock(NEW YORK) — The $117.5 million estate of a financier in Northern California may be the second most expensive property ever sold in the U.S., according to SF Luxe.SF Luxe reported that financier Tully Friedman, the previous owner, so…

Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac

Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac

iStockPhoto/Thinkstock(NEW YORK) — While housing prices are on the rise, foreclosure and real estate research firm RealtyTrac reported that 65 percent of 919 county housing markets are worse off than they were four years ago, based mostly on factors i…

Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac

Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac

iStockPhoto/Thinkstock(NEW YORK) — While housing prices are on the rise, foreclosure and real estate research firm RealtyTrac reported that 65 percent of 919 county housing markets are worse off than they were four years ago, based mostly on factors i…

California Real Estate Investor Arrested After Wife Vanishes

California Real Estate Investor Arrested After Wife Vanishes

Obtained by ABC(NEWPORT BEACH, Calif.) — A prominent California real estate investor is being held in connection with the disappearance of his wife, amid a widespread search for the mother of three who vanished from her home last week.Peter Chadwick, …

Reese Witherspoon Puts Her California Estate on the Market

Reese Witherspoon Puts Her California Estate on the Market

Jon Kopaloff/FilmMagic/Getty Images(NEW YORK) — Reese Witherspoon has put her Spanish Colonial estate in Ojai, California on the market for a cool $10 million. The Oscar-winning actress married CAA talent agent Jim Toth at the estate on March 26, and …

Woman Loses $4.68M Down Payment on NYC Apartment

Woman Loses $4.68M Down Payment on NYC Apartment

Adam Gault/Thinkstock(NEW YORK) — The ex-wife of a software executive lost a $4.68 million down payment on a New York City home after a judge ruled unfinished floors, and lack of heat, hot water and uninstalled closet rods were not good reasons to pu…

Woman Loses $4.68M Down Payment on NYC Apartment

Woman Loses $4.68M Down Payment on NYC Apartment

Adam Gault/Thinkstock(NEW YORK) — The ex-wife of a software executive lost a $4.68 million down payment on a New York City home after a judge ruled unfinished floors, and lack of heat, hot water and uninstalled closet rods were not good reasons to pu…

Home Sales and Goods Orders Most Likely Increased in July

Home Sales and Goods Orders Most Likely Increased in July

Ryan McVay/Thinkstock(NEW YORK) – Economists said ahead of reports this week that home sales and durable goods orders most likely increased in July, indicating that the country is beginning to strengthen after a slowdown in the second quarter, Bl…

Tiger Woods Takes a Hit and Other Celebrities Who Sold Homes at a Loss

Tiger Woods Takes a Hit and Other Celebrities Who Sold Homes at a Loss

iStockphoto/Thinkstock(NEW YORK) — Tiger Woods’ strong start in the 2012 PGA Championships may be making up for the fact that he recently sold his condo in Corona del Mar, Calif., at a loss.The PGA champion sold his home, which he bought for $3 millio…

US Foreclosure Filings Down 3% in July

US Foreclosure Filings Down 3% in July

iStockPhoto/Thinkstock(NEW YORK) — The number of U.S. households that received a foreclosure notice dropped in July and was down from a year ago, according to the latest report from RealtyTrac.The foreclosure tracking firm said on Thursday that 191,92…

Delinquent Mortgage Payments Down to Three-Year Low

Delinquent Mortgage Payments Down to Three-Year Low

Hemera Technologies/Thinkstock(NEW YORK) — More American homeowners are staying on top of their mortgage payments, according to a new report from TransUnion.The credit reporting firms says just over one in 20 homeowners — 5.49 percent — were at leas…

Seven Tips When Considering a Reverse Mortgage

Seven Tips When Considering a Reverse Mortgage

iStockphoto/Thinkstock(NEW YORK) — Older homeowners who in a bind may lean toward accessing their home equity to get some extra cash.  But, as financial experts caution, reverse mortgages are complicated products that are hardly financial elixirs…

Man Buys 650 Foreclosures: How Much Did He Pay?

Man Buys 650 Foreclosures: How Much Did He Pay?

iStockphoto/Thinkstock(MACOMB COUNTY, Mich.) — Until a year ago, Bill McMachen, 71, had never bought or sold a foreclosed home. Then in 2011 he bought one for $12,000 and flipped it a week later for $18,000. “That went pretty good,” he say…

To Buy or to Rent? New Analysis Says Buy in Much of US

To Buy or to Rent? New Analysis Says Buy in Much of US

Stockbyte/Thinkstock(NEW YORK) — Is it better to buy a home or rent?  An analysis released on Thursday by real estate information provider Zillow.com finds that in most of the U.S., buying becomes a better deal than renting after only three years…

Home Prices Rise for Second Straight Month

Home Prices Rise for Second Straight Month

Phillip Spears/Digital Vision/Thinkstock(NEW YORK) — Home prices have increased for the second consecutive month, according to the latest Standard and Poor’s/Case-Shiller Home Price Index.Average monthly home prices increased 2.2 percent in May for th…

Mortgage Rates Fall Once Again

Mortgage Rates Fall Once Again

Digital Vision/Thinkstock(NEW YORK) — Those incredible shrinking mortgage rates fell once again in the past week to yet another record low of 3.49 percent for a 30-year fixed loan, Freddie Mac reported on Thursday.The 15-year fixed-rate mortgage fell …

Apartment for Rent: Live Like President Obama!

Apartment for Rent: Live Like President Obama!

iStockphoto/Thinkstock(NEW YORK) — Searching for an apartment and harboring dreams of becoming president one day? A two-bedroom pre-war apartment on Manhattan’s far Upper West Side may be the place for you.The Harlem apartment once occupied by a young…

Existing Home Sales Declined in June

Existing Home Sales Declined in June

Phillip Spears/Digital Vision(WASHINGTON) — The housing market lost some steam in June as existing home prices fell by 5.4 percent from the prior month, although prices continued to rise.According to the National Association of Realtors, existing home…

Versailles in Florida: Will It Be the Largest Home in America?

Versailles in Florida: Will It Be the Largest Home in America?

ABC News(ORLANDO, Fla.) — A home under construction in Florida could hold the distinction of being the largest house in the United States if it is completed.The American Versailles, at 90,000 square feet, is bigger than a 747 airplane hangar and inclu…

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