Investing
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EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Offshore investors have been the US' major source of capital since the financial crisis and it looks like the recent step of the government to ease a 35-year-old tax on foreign investment will only open the door wider for purchases by overseas investors with President Obama already signing the measure into a law, Hui-Yong Yu of Bloomberg reports. London’s High-end Real Estate Is Twice as Expensive as New York’s
While everyone's saying that the New York real estate market is far from being the most affordable, a recently released report may just ease that tantrum with the result showing that London's high-end real estate rates are double that of the Big Apple, Lucy Cohen Blatter reports for the Business Insider. Key Things You Should Know About the Kardashians’ Newest LA Condo
The Kardashians are just growing their real estate holdings; and the latest addition to their long roll of properties is in the Century City neighborhood of Los Angeles, Jamie Wiebe of Realtor reports. The family empire just recently acquired a two-bedroom turnkey unit located at Century Hill for $1.65 million; a mere drop in the bucket if there's truth to the rumors that they are now collectively worth $300 million. Robret De Niro's Nobu Hotel, World's Worst Luxury Hotel Of The Year
Robert De Niro's latest hotel venture, the Nobu Hotel Manila was voted as the worst luxury hotel of the year. Martin Shkreli Resigns as Turing CEO After Arrest on Securities Fraud
After Shkreli's arrest the company stock plunged down 53% to $11.03 before trading was halted. Martin Shkreli, CEO of Turing Pharmaceuticals who has been arrested on Thursday December 17, 2015 is out on a $1 million bond after pleading not guilty. Real Estate News: The Number of Housing Starts in November Brings Cheer to the Holiday Season Tune
The housing industry is cheering to the holiday tune as the new building permits and housing starts have been glowing in November. According to chief economist Jonathan Smoke, the number of housing starts in November was beyond expectations. Celebrity Real Estate: Dave Dombrowski, the New Red Sox President, Buys a $3.95M Brookline Home
Dave Dombrowski, the new Red Sox president, has recently purchased a home worth $3.95 million in Brookline, MA, near Fenway Park. Dombrowski’s six-bedroom home sits on a half-acre, is in close proximity to civilizations but still feels like a retreat, listing agent Merlin Rosenblatt of Longwood Residential says. Celebrity Real Estate: Monica Seles, Tennis Hall of Famer, is Selling Her Sarasota Home
The 5,871-square-foot mansion of Monica Seles, winner of nine Grand Slam singles titles, has initially listed it in 2014 for $1.85 million. Since then, it has went on and off the market. Real Estate Predictions 2016: US Real Estate Predicted To Attract Foreign Investors In Months Ahead
Buckle up, real estate agents! 2016 is going to be a good year in the industry. The US real estate is forecasted to attract more foreign investors in the months ahead due to a recent increase in the Federal Reserve's rates. US Real Estate News: December Brings In More Closed Deals
December is indeed a merry month, especially for real estate agents. According to a study conducted by Realtor.com, there was a jump in real estate activity during the second week of December. The study showed a 10% rise in signed contracts from the previous week, followed by a 5% bump in closings.
