Real Estate - Top News | Newsodrome

Jessica Simpson Lists Beverly Hills Estate for $7.995M

http://blog.redfin.com — Thu, 23 May 2013 23:23:54 +0000

[Source - Redfin Corporate Blog: Notes on Redfin, technology, real estate and life at a startup.]

Jessica Simpson just listed the Beverly Hills estate she bought after her divorce from Nick Lachey in 2005. The home, which she purchased under Lime Orchard Trust for $5,275,052, has a rich Hollywood history. It has been owned by several celebrities, including Ellen Degeneres, who bought it in 2001 and sold it in 2003 to Rick Yorn, a manager to such A-list celebrities as Leonardo Dicaprio and Cameron Diaz.

The five bedroom, 5.5 bath estate spans 5,500 square feet and has been recently renovated with interior designs by Rachel Ashwell, of Shabby Chic Couture. Details include ebonized hardwood floors, crown moldings, high ceilings in the living and dining room, a restaurant-style gourmet kitchen, and a stone courtyard that leads to a koi pond. The master suite has a sitting area with French... [View Full Article]

The Five People Who Hold Your Bad Credit Against You

http://ptmoney.com — Thu, 23 May 2013 17:15:36 +0000

[Source - Prime Time Money Blog About Personal Finance Saving Money Frugal Living Debt Payoff]

Whos been looking at your credit score?

There are people in your life who have a bias against you and your poor credit. The mistakes that you have made with debt not only put blemishes on your credit report and lowers your credit score, but they let people in your life hold your bad credit over your head in some way.

A bad credit score or report can have a much further reach than simply costing you a higher interest rate on a new loan. It can cost you the apartment you live in or even your job. But, it does not have to be that way. You can recover.

While it may take you a while to raise your credit score and improve your report, you can begin to quickly ease the damage you have done with a few simple ideas. Below are the five people who can access your credit score or report (and... [View Full Article]

Behind the Candelabra and Inside the Homes of Liberace

http://blog.redfin.com — Fri, 24 May 2013 00:36:20 +0000

[Source - Redfin Corporate Blog: Notes on Redfin, technology, real estate and life at a startup.]

Liberace the King of Showmanship had a flair for the extravagant, which extended to his many opulent homes. This Sunday viewers will get a chance to see those homes recreated in all their glory in HBOs new movie, Behind the Candelabra, directed by Steven Soderbergh. The movie is based on the memoir Behind the Candelabra: My Life with Liberace, written by Liberaces lover, Scott Thorson.

Early scenes of the film were shot at Zsa Zsa Gabors house, which she has been trying to sell since June 2011. You can see a glimpse of the homes exterior and its unique copper roof in the trailer. Zsa Zsa was present at the home while the crew was filming; she is currently confined to a bed in a separate wing of the mansion. She and her husband, Frederic Prinz von Anhalt, have been renting the home to... [View Full Article]

The Dalbar Studies

http://biggerpockets.com/renewsblog — Fri, 24 May 2013 16:35:22 +0000

[Source - Real Estate Investing For Real | A BiggerPockets Investment Property Blog]

Recently some posts have referred to the Dalbar annual study of investor behavior. I have been following this annual report since its inception and thought I would add my thoughts about it here.

The Dalbar Audience

In order to understand the report first one must take a look at its intended audience. This report is a proprietary illustration sold to the financial planning industry. When you purchase this report, they will brand it with your name, company, etc. It is intended for investment advisors to send out to clients. So at its base it is a marketing piece. Despite this, it does have some interesting data in it. However, the conclusions it was designed to illicit are not necessarily the interesting part and in my opinion are only a partial explanation of what the study... [View Full Article]

New Report Shows Higher Rents World-Wide

http://blogs.wsj.com/developments — Fri, 24 May 2013 04:01:24 +0000

[Source - Developments - WSJ]
Rental prices around the world are on the rise as companies increasingly look to expand in emerging markets, according to a new report by Knight Frank.

Zillow Chief Economist: ‘Negative Equity Has Heavy Effect on First-Time Home Buyers’

http://zillowblog.com — Thu, 23 May 2013 21:15:57 +0000

[Source - Real Estate News and Analysis, Celebrity Homes, and Mortgage Rates - Zillow Blog]

Zillow Chief Economist Stan Humphries appeared on Bloomberg this morning to discuss Zillows latest negative equity report. Zillows data shows that 22 million homeowners (44 percent) are trapped in their homes, and cant sell because of little or no equity. This is leading to inventory shortages, particularly in the lower price tier of homes.

Watch Stan discuss how high rates of effective negative equity across the country are impacting the housing market.

Overcoming Fear of Talking to Sellers and Their Objections

http://biggerpockets.com/renewsblog — Thu, 23 May 2013 21:45:37 +0000

[Source - Real Estate Investing For Real | A BiggerPockets Investment Property Blog]

One of the greatest fears in real estate investing is talking with sellers. Many people work in a cubicle type environment and barely talk to co-workers all day, much less strangers. Unless youre a very successful sales person, the thought of talking with someone you dont know, much less asking them for something, can be painful enough to stop your investing career before its even begun.

There are a number of places this fear comes from:

lack of practice
lack of confidence
youre uncertain of what to say

How Do You Fix Those Fears?

Practice. Yup, gotta do it. Gotta talk to sellers. Start out with a goal of talking with at least 3 sellers each week. How do you find them? Call for-sale-by-owners. Call sellers who list their homes on Craigslist, Trulia, Zillow, et. al. The purpose at first... [View Full Article]

The Top 10 Cities for Backyard Barbecues

http://blog.redfin.com — Thu, 23 May 2013 13:00:12 +0000

[Source - Redfin Corporate Blog: Notes on Redfin, technology, real estate and life at a startup.]

Memorial Day weekend marks the unofficial beginning of summer, and the start of grilling season! Across the nation people will dust off their grill and invite their neighbors over for a good old-fashioned backyard barbecue. While many cities are known for their barbecue restaurants, chances are this weekend most people will be grilling at home; so which cities can lay claim to having the best backyard gatherings?

To find out, Redfin looked at 22 major metropolitan areas nationwide to see which could host the best barbecues based on the types of homes in the area. We analyzed the percentage of single family homes for sale with large yards (defined as lot sizes between .25 and four acres), decks, and built-in barbecues all the features needed to host the ideal summer celebration.... [View Full Article]

San Diego Luxury Homes on the Move

http://sandiegopreviews.com — Thu, 23 May 2013 22:04:26 +0000

[Source - Carlsbad, Encinitas and San Diego Luxury Real Estate]

by Roberta Murphy

San Diego Luxury Homes

There are luxury homes located in most communities throughout San Diego. In our North County real estate practice, though, our focus is mostly on coastal areas as well as Poway and Santaluz to the east. In almost all luxury commumities, home sales are picking up steam.

Two months ago, one of our cash buyers offered full price ($1,350M) on a single level La Costa Ridge home almost as soon as it hit the market. Another in same gated neighborhood was priced at $1,850,000 and sold within 4 days. Its a phenomenon we are seeing across the board.

In Rancho Santa Fe, for example, homes are averaging around 187 days on market today, versus 260 days a year ago. And thats with an average list price of$4,381,780 (as of this writing). Inventory levels in... [View Full Article]

Vinings Mortgage Rate Update

http://smyrnavinings.com — Thu, 23 May 2013 20:28:56 +0000

[Source - Smyrna Homes For Sale - Vinings Homes - Smyrna Vinings Real Estate - Restaurants - Businesses - Events]

The Week in Review:

The month of May has not been kind to mortgage interest rates. Although economic news was mixed last week, the upward trend that started at the beginning of the month remains intact. Interest rates moved higher by approximately .125% on the week.

What to Expect:

There are several economic releases at the end of the week; However, Bernankes testimony on the state of the economy to the Joint Economic Committee this Wednesday has the most potential to influence the markets. The big question: When will the Fed stop supporting the bond and mortgage markets? Currently, three Fed Presidents favor a phasing out of the bond purchase program. Will additional Fed Presidents follow suit?

Stay tuned

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Bob Bregitzer
Southeast Mortgage

Click... [View Full Article]