News
Rise in Prices Leads Chinese Government to Curb Home Purchases
MGM Resorts International Contemplating CityCenter Mall Sale
Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
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?
The recent rise of real estate sales in Kentucy has been credited for the real estate profession to come back into the limelight, reported Business First. Could this trend follow in other states? Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
JPMorgan is in deep water. The United States Justice Department is investigating their role in misleading clients about mortgage products, Reuters reported. Russian Lawmaker Resigns From Ethics Committee After Disclosing $1.3 Million Worth of Real Estate in Florida
A Russian lawmaker and the chairman of the country's ethics committee resigned from his office after it was revealed he owned $1.3 million real estate in Florida, The New York Times reported. Amy Smart Drops $2.5 Million on Beverly Hills Home (VIDEO)
The “Shameless” actress, Amy Smart has dropped a cool $2.5 million on a property in Beverly Hills. The model turned actress purchased the property recently with host husband Carter Oosterhouse and plan to settle down in the home. Matthew Perry Sells Hollywood Hills Home for $4.7 Million
Chandler Bing of the “Friends” fame, Matthew Perry has finally sold his Hollywood hills home for a cool $4.7 million. He had listed it in September 2012 asking for $5.3 million. However, he cut off a little chunk of the price as the property sat unclaimed for four months. Live Nation CEO Purchases Properties Worth $15 Million in Los Angeles
The CEO of entertainment and concert company, Live Nation Entertainment, Michael Rapino has dropped around $15 million for two properties in Brentwood, Los Angeles. Together, the two properties claim a square footage of nearly two acres. Rapino purchased the two adjacent plots from financier John Rocchio who first listed the lots in November 2012. Rising Home Prices Rescue a Number of American Underwater Home Owners
The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively. Foreign Investors Jumping into US Rental Market
As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors. US Single Family Home Constructions and Permits hit Four-Year High, NAHB report
According to a report released by the National Association of Home Builders (NAHB), construction of single family home rose by 0.8 percent throughout the country in January. The number of permits for the construction of these homes also rose 1.9 percent to hit a record high in the past four years. China restates plan to extend property tax programme to new cities
China's cabinet on Wednesday restated its intention to extend a pilot property tax programme to more cities and urged local authorities again to put price control targets on new homes, in the latest effort to calm frothy real estate markets.
