real estate

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More Good News for Housing Market

New home sales at fastest pace in 5 years

(Newser) - Sales of new American homes rose in May to the fastest pace in five years, a solid gain that added to signs of a steadily improving housing market. The Commerce Department says sales rose 2.1% last month compared with April to a seasonally adjusted annual rate of 476,000,...

Boston Woman Pays $560K for 2 Parking Spots

And in SF, one sells for $82K

(Newser) - Parking is such a precious commodity in Boston that one woman was willing to pay $560,000 for two off-street spaces near her home. Lisa Blumenthal won the spots in the city's Back Bay neighborhood during an on-site IRS auction yesterday. The IRS had seized the spots from a...

What It's Like to Be Stuck Living in a NY Castle

Phemisters struggle to flip this New York house

(Newser) - You don't even need a cool million to purchase a 36,000-square-foot castle in Upstate New York. Just $895,000 will do. The New York Times today takes a look at this most unusual piece of real estate—and the unusual consequences of a common problem: homes that buyers...

Chelsea Clinton, Hubby Buying $10.5M NYC Pad

Apartment is a whopping 5K square feet

(Newser) - Chelsea Clinton and hubby Marc Mezvinsky will be moving into a very swanky pad, the New York Post reports. The couple is buying a $10.5 million apartment across the street from Manhattan's Madison Square Park; the 5,000-square-foot abode has four bedrooms, 6.5 bathrooms (including a master...

Missing Developer Found With 'Thief' Carved on Face

Kevin McGeever says he can't remember what happened

(Newser) - An Irish millionaire who vanished eight months ago has turned up disheveled on a country road saying kidnappers held him for ransom, the Guardian reports. Barefoot with the word "Thief" carved in his forehead, 68-year-old Kevin McGeever told Irish police that he couldn't remember what had happened or...

Sales of Pricey Homes Surge
 Sales of Pricey Homes Surge 
Dec 20, 2012 2:14 PM CST

Sales of Pricey Homes Surge

And median home price is going up

(Newser) - Another sign of economic recovery? Sales of higher-end homes—those priced above $750,000—were up 50% in November from a year prior, CNBC reports. Meanwhile, sales of the lowest-end homes fell 4%. The two factors pushed the median home price across the nation to $180,600, up about 10%...

Real Estate Agent Stole Competitor's 'For Sale' Signs: Cops

Robert Toth charged with weird crime

(Newser) - Well, that's one way to hurt the competition: A Connecticut real estate agent has been charged with stealing a competitor's "for sale" signs from the front lawns of area homes. Police say 54-year-old Robert Toth was charged Wednesday with third-degree larceny and first-degree criminal trespass, after Jihad...

For $899K, You Could Be Obama's Neighbor

Empty lot next door to Chicago home is available

(Newser) - You could be President Obama's next-door neighbor, assuming you've got $899,000 burning a hole in your pocket, plus however much it costs to build a house. The empty double lot next to Obama's Chicago home is going up for sale, AFP reports. The real estate agent...

Zillow Now Tells the World About Your Foreclosure

Privacy advocates raise an eyebrow at new feature

(Newser) - If you were hoping your neighbors wouldn't find out about your financial troubles, we've got some bad news. Zillow.com , a popular site allowing people to see how much homes are worth, is now allowing users to search for homes that are headed for foreclosure—even if they'...

What&#39;s the White House Worth?
 What's the White House Worth?
Oct 21, 2012 2:16 PM CDT

What's the White House Worth?

Real estate experts look at value of presidential homes

(Newser) - Just for fun, the Wall Street Journal asked a housing expert to appraise three famous DC-area residences that have hosted at least one of our presidents. The history makes them priceless, but that aside, here's what they found:
  • George Washington's Mount Vernon: To move into this elegant estate,
...

Mansion Billy Bob, Angelina Shared: Yours for $10M

Thornton lists home he, Jolie bought from Slash in 2000

(Newser) - If you've got $9.995 million burning a hole in your pocket and the desire to live in a house where some interesting things surely took place, consider the former love nest of Billy Bob Thornton and Angelina Jolie. The couple bought the mansion for $3.75 million back...

Luxury Home Won't Sell? Raise the Price

More rich homeowners trying the tactic

(Newser) - When mere mortals put their home on the market and it doesn't sell, they lower the price. When the uber-rich struggle to unload, they do the opposite and jack the price. The Wall Street Journal reports on the seemingly counter-intuitive trend in the luxury-home market: More and more homes...

Ma Barker's Florida Hideout for Sale

Jeffrey Dahmer's Ohio home also on market

(Newser) - Two houses now on the market are getting attention thanks to previous occupants:
  • Ma Barker: The lakefront hideout in Ocklawaha, Florida, where the FBI gunned down her and a son in 1935 is up for sale for $1 million, reports Reuters . It's even got bullet holes—along with 11
...

Another Sign of New Life for Housing Market

Home sales up 2.3% from June to July

(Newser) - Americans bought more homes in July than in June, the latest evidence that the housing market is slowly recovering. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3% increase from the previous month's rate, the National Association...

Foreigners Gobbling Up American Homes

Nonnatives take 8.9% of home real estate sales

(Newser) - The Canadians are coming ... for our real estate. A weakened dollar coupled with a buyer's market is prompting foreigners to snatch up expensive homes here in the US. Of the $928 billion spent on US real estate in the year ending in March, $82.5 billion came from foreigners....

Florida Estate Sells for Record $47M

Miami-Dade property has a beach imported from Bahamas

(Newser) - Another sign that luxe housing is making a rebound? A Florida estate has sold for $47 million, a record for Miami-Dade County, reports the Wall Street Journal . The buyer was an unidentified Russian. The newly built estate was initially on the market for $60 million, but even with the price...

Home Prices See Biggest Jump Since 2005

Growing shortage sends prices upward

(Newser) - House prices had their biggest jump in years in the second quarter of 2012, mainly because of a big shortage of houses for sale, reports the Wall Street Journal . Officials from data firm CoreLogic say it was the biggest jump since 2005, while Freddie Mac, using different methodology, says the...

No One Wants In on New WTC
 No One Wants In on New WTC 
Jul 25, 2012 9:48 AM CDT

No One Wants In on New WTC

Third tower has to halt construction

(Newser) - Construction is finally under way on the new World Trade Center site in New York, but there's one little problem: No one actually wants space in any of the buildings. The third tower, 3 World Trade Center, has had to halt construction at the eighth floor—it's supposed...

Bloomberg Plans Teeny NYC Apartments

Contest looks for designs in 275 to 300 square foot range

(Newser) - Just when you thought New York City studio apartments couldn't get any smaller, the mayor comes up with this idea: apartments that measure up at just 275 to 300 square feet. Michael Bloomberg launched a city contest yesterday to develop the "micro-units," which will be housed in...

Couple Buys, Destroys $4.2M Home to Improve View

 Couple Buys, Destroys 
 $4.2M Home to Improve View 
in case you missed it
Jun 30, 2012 7:00 PM CDT

Couple Buys, Destroys $4.2M Home to Improve View

House was blocking San Francisco skyline

(Newser) - A California couple bought and demolished a home that was standing between their $19 million home and spectacular views of the San Francisco skyline and the Golden Gate Bridge. Money manager Clark Winslow and his wife, who bought their Marin County home in 2008, purchased the neighboring home at auction...

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