real estate

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Despite Split, Wife Will Join Mel Gibson in Australia

Robyn Gibson urged Mel to flee Hollywood

(Newser) - The mother of Mel Gibson's first seven kids is siding with him in the custody dispute over No. 8 , but their involvement goes deeper: Not-quite-ex-wife Robyn Gibson has encouraged the actor to return to Australia—and will make the move herself, reports the Daily Mail . Oksana Grigorieva's "allegations have...

'Regular Guy' Limbaugh Sells NYC Condo for $11.5M

Getting out of city because of taxes

(Newser) - After complaining about New York City's high taxes, Rush Limbaugh is parting ways with the city, selling his posh Fifth Avenue penthouse for $11.5 million. Limbaugh, who bought the place for $5 million in 1994, recently said on his radio show that he was going to "get out...

Rich Default Far More Than the Rest of Us

Wealthy 'are more ruthless,' says analyst

(Newser) - Whether they're throwing in the towel on a California beach home or ski chalets, wealthy Americans are currently defaulting on mortgage payments at extremely high rates. One in 7 of those who owe more than $1 million on property are seriously delinquent, reports the New York Times . For those who...

Tax Credits Gone, New Home Sales Plunge 33%

May numbers are lowest since 1963

(Newser) - Sales of new homes collapsed last month, sinking 33% to the lowest level on record as potential buyers stopped shopping for homes once they could no longer get government incentives. The Commerce Department says new home sales fell in May from a month earlier to a seasonally adjusted annual sales...

Amityville Horror House Up for Sale

Owner seeks $1.15M for famous murder site

(Newser) - The Long Island house made famous by the Amityville Horror movie has hit the market for $1.15 million, horrors not included. A family of 6 was murdered in the home in 1975, and the movie was loosely based on the haunting the next family to move in claimed to...

Palin: Obama's an 'Opium Addict'

Speech at real estate convention does not fly

(Newser) - If only what happens in Vegas really did stay in Vegas: Sarah Palin brought her act to a retail Realtors' convention this weekend, but instead of giving a leadership speech, she delivered her stump speech, slammed Obama as an "opium addict" (Other People's Money, get it?), and stuck in...

For Sale: Field of Dreams
 For Sale: Field of Dreams 
May 14, 2010 2:55 PM CDT

For Sale: Field of Dreams

$5.4M pricetag for Iowa landmark includes place in film history

(Newser) - For sale: 193 acres of Iowa farmland, worth about $1 million but priced at $5.4 million. For the extra money, you get a world-famous baseball diamond that attracts some 65,000 annual visitors, and maybe a bunch of ghosts. That's right—it's the property from Field of Dreams. "...

Truman Capote's Brooklyn Home on Sale for $18M

The place he wrote Breakfast at Tiffany 's

(Newser) - The Brooklyn townhouse where Truman Capote wrote Breakfast at Tiffany's and other notable works is on sale for $18 million. The building, on the market for the first time in 70 years, is expected to break sales records as one of the most expensive townhouses in the borough, Sotheby's International...

New Home Sales Take Huge Leap
 New Home Sales 
 Take Huge Leap 

Apr 23, 2010 10:08 AM CDT

New Home Sales Take Huge Leap

Crucial metric scores biggest jump in 47 years

(Newser) - Sales of new homes surged 27% last month, bouncing off the previous month's record low and blowing past expectations as better weather and government incentives boosted sales. In all, new home sales rose to a seasonally adjusted annual pace of 411,000 in March, the biggest monthly jump in 47...

Foreclosures Hit New High as Banks Clean House

One in every 138 homes taken

(Newser) - A record number of US homes were lost to foreclosure in the first three months of this year, a sign that banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report. RealtyTrac said today that the number of homes...

New Owners Love Bernie Madoff's Pad

Patio trumps 'karma' concerns

(Newser) - Bernard Madoff may be a despicable con artist, but say this for the guy: he had a nice place. Now that place, a penthouse overlooking Manhattan’s Upper East Side, belongs to toy mogul Al Kahn and his wife, Patsy, and they say they couldn’t be happier, reports the...

Inside John Edwards' New Love Shack

Edwards, Hunter may be moving into this $3.5M gem

(Newser) - By piecing together clues from the National Enquirer's proposal story , Gawker found the $3.5 million beach house John Edwards is supposedly buying in preparation for life with Rielle Hunter. Take a guided tour in the gallery. For more pictures, click here , or check out the real estate listing .

Land Trust Group Makes Deal to Save Hollywood Sign

Land behind icon will be off-limits to development

(Newser) - An environmental group has a deal in the works to protect the land around the “Hollywood” sign from being turned into luxury homes, and will cover up the iconic sign Thursday to draw attention to the scheme. "The Hollywood sign cannot be separated from its untrammeled setting of...

Cabbage Patch CEO Snags Madoff Pad
 Cabbage Patch CEO 
 Snags Madoff Pad 
TAKE A TOUR
Feb 7, 2010 8:06 AM CST

Cabbage Patch CEO Snags Madoff Pad

Take a look at what $9M will get you in New York City

(Newser) - The guy who brought you Cabbage Patch Kids and Pokemon has snapped up the penthouse apartment of erstwhile Ponzi schemer Bernard Madoff, reports the New York Post . Al Kahn is the CEO of 4Kids Entertainment, and will be calling the 4000-square-foot lux digs in Manhattan's Upper East Side home sweet...

As Jobs Dry Up, Self Employment On the Rise

More Americans set out on their own, often in real estate

(Newser) - The number of hours worked by the self-employed jumped 8.5% in the last three months of 2009, as more unemployed people decided to try being their own bosses and those already self-employed buckled down, according to new figures from the Labor Department. “Firms aren’t hiring, so people...

Record $5.4B NYC Apartment Complex Lost to Creditors

Stuyvesant Town project collapses under debt

(Newser) - The record-setting sale of a New York residential property for $5.4 billion in 2006 was a deal made at the height of the boom—and it's now a casualty of the collapsed real estate market. Tishman Speyer, the property company that bought the 56-building, 11,000-unit Peter Cooper Village...

Celebrity Pads for Rent
 Celebrity Pads for Rent 
TRAVEL
Jan 24, 2010 8:00 AM CST

Celebrity Pads for Rent

If you have obscene amounts of money, Bruce Willis' home can be yours

(Newser) - Looking to vacation like the rich and famous? Well, why not do it in the living room of an actual rich and famous person? Many celebrities rent out their palatial and seldom-used residences, Travel + Leisure explains. Some have fallen on hard economic times, but most just want to defray...

DC Office Prices About to Pass NY

Falling banks, rising government shifts real estate market

(Newser) - Washington, DC, is on the verge of passing New York as the priciest place to rent an office in the country. Rents were down pretty much across the board in the latest figures from Reis, a New York-based research firm, but DC saw only a mild 3% decline, to an...

Record $330K Paid for Virtual Space Station
 Record $330K Paid 
 for Virtual Space Station 
'REAL' ESTATE BOOM
Jan 5, 2010 2:34 PM CST

Record $330K Paid for Virtual Space Station

Online game player is confident his investment will pay off

(Newser) - The virtual Entropia Universe—Planet Calypso, in particular—might be entering a real estate boom with the recent purchase of the Crystal Palace space station for $330,000, a record for a virtual item. That’s right: A player who goes by Buzz “Erik” Lightyear paid the sum for...

Mortgage Defaults Top 1M, Keep Rising

Even those with lowered payments are defaulting

(Newser) - The number of troubled home loans continued to rise in the third quarter, despite the Obama camp's efforts to stem the tide by mortgage modification. For the first quarter ever, the number of homes in foreclosure with mortgages serviced by US banks topped the 1 million mark, the Los Angeles ...

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