The introduction of the new 90210 got me thinking about posh Beverly Hills, and with the never-gets-old theme song in mind, I went searching for information on real estate by zip code. Turns out I didn't have to look too far, because Forbes created a list of the most overpriced zip codes in the US. Forbes determined if a zip code was overpriced by looking at how much of a premium home owners pay in comparison to how much it costs to rent a similar home in the area.
on Yahoo! |
The housing crisis has made it clear that owning a home isn't all roses. Beyond the financial commitment that comes with owning a home, including maintenance and a mortgage, it suggests a sense of permanence that not everyone is comfortable with. Is buying a house one of your goals?
Source
on Yahoo! |
Money is one of those things that makes the world go 'round. It takes more money in some places than others to make a life for yourself, but no matter where you go, the language of money is the same. Do you know where the most expensive cities in the world are located.
on Yahoo! |
It seems as if Tom Brady isn't shy about taking real-estate risks. Since he sold his Boston condo way back in February (at a loss), he's ready to move on to other high-priced real estate dealings. This time, Brady is heading west to California.
on Yahoo! |
Falling home prices aren't good news for homeowners who purchased homes during the boom, but the drop could mean affordable buying opportunities. Fifty-five percent of homes sold from April through June were affordable to Americans earning the median household income of $61,500, and prices dropped from $240,000 during the same time last year to $215,000 this year.
The obvious growing affordability of houses in the US hasn't translated into increased sales.
on Yahoo! |
Denise Richards has put her traditional 5,600-square-foot house in Hidden Hills, a luxury gated community in Los Angeles, on the market for $4.25 million, according to the LA Times. It has five bedrooms, including a master retreat with a sitting area. The property description lists: Graceful foyer entry with sweeping staircase, gleaming wood floors, rustic stone floors, expansive living room with soaring ceilings and cast stone fireplace, great room accented by fireplace and library bookshelves, gourmet country kitchen with imported tiles and Carrera marble, state of the art stainless steel appliances, sun-filled breakfast room opens to kitchen, stately formal dining room features charming bay window and wainscotting, master retreat with comfortable sitting area, large walk-in closet, spa-like master bath with island tub and fireplace, five spacious bedrooms with private baths, inviting upstairs office, expansive grounds over an acre of mature landscaping and trees, [and] pebble textured pool and spa.
Richards has apparently listed the property for about $100,000 less than she paid for it — further evidence of this uncertain real estate market.
on Yahoo! |
Rumor has it that Jennifer Garner and Ben Affleck have been wooed "by developer John Bersci to purchase a freshly rehabbed house" in the Holmby Hills section of Los Angeles in the neighborhood of $22 million, according to Real Estalker. The 1930s Hollywood Georgian features "nine bedrooms and nine bathrooms including a 2,500 square foot master bedroom with a private sitting room, four fireplaces, sauna, a humongous terrace with outdoor fireplace and two tremendous bathrooms," as well as "a large motor court with a front facing three-car garage, a paneled library with hidden wine cellar, screening room, staff quarters, and a two bedroom guest house adjacent to the rectangular shaped cement pond." The property, which is currently listed at $27.5 million, hasn't yet been closed on, but time will soon tell whether the Garner-Afflecks will call the gorgeous digs home. Sounds like there would be lots of room for Violet and her future sibling to play!
566407Source
on Yahoo! |
The recently passed housing bill is chock full of provisions aside from helping those facing foreclosure, from giving the IRS access to Americans' credit card purchases to assisting first-time homebuyers. The legislation is first and foremost considered a bailout bill, but the clause about first-time buyers certainly caught my attention and that of the National Association of Home Builders — they believe it will get buyers back into the housing market.
The government is offering a tax-credit up to $7,500 to qualified first time buyers purchasing homes on or after April 9, 2008, and before July 1, 2009.
on Yahoo! |
According to the Wall Street Journal, Sean Penn and Robin Wright Penn have listed their home in Marin County, California, about 18 miles north of San Francisco, for $15 milion. The Penns purchased the property in 1996 for $2.1 million, and spent two years rebuilding the original 1933 Spanish-style house. The manse doesn't appear to be listed publicly, but the WSJ said:
The 10,000-square-foot house was designed with hand-hewn wood-beamed ceilings and floors, stone fireplaces and hand-painted tiles in the bathrooms and kitchen.
on Yahoo! |
Perusing 1st Dibs recently, I came across something unusual. No, it wasn't giant ORGY letters or a gift box of bloody hands. It was a house.
on Yahoo! |
