real estate

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Judge Quashes Trump's Suit Against Author

The Donald took issue with being called mere multi-millionaire

(Newser) - Donald Trump will have to live with being regarded as somewhat less astronomically wealthy, the Philadelphia Inquirer reports, after a judge today dismissed his defamation suit against Timothy O’Brien, author of TrumpNation. O’Brien estimated that Trump is worth $150-$250 million; Trump says he’s worth billions, and claimed...

Best Small Towns in America
 Best Small Towns in America 

Best Small Towns in America

(Newser) - Looking for a nice place to move to? CNN has compiled a list of the 100 best small towns to live in, based on what poll respondents said they wanted in a town. Unsurprisingly, the local economy is the No. 1 criterion, but crime rates, affordable housing, schools, and how...

Recession Puts Brakes on Divorces
Recession
Puts Brakes
on Divorces

Recession Puts Brakes on Divorces

Would-be exes stay under one roof to avoid real estate losses

(Newser) - A lot of unhappy couples are staying together—or at least staying under one roof—thanks to the recession, the Wall Street Journal reports. Many would-be exes are putting off breakups, unwilling to sell their houses in a down market or unable to afford new ones. Some even continue to...

Brangelina Shop NYC Digs
 Brangelina Shop NYC Digs 

Brangelina Shop NYC Digs

Hollywood royalty looking to spend $25M for Upper West Side condo

(Newser) - Tired of renting when in the Big Apple, Brad Pitt and Angelina Jolie just want a place of their own, the New York Daily News reports. The power duo has been quietly checking out the Apthorp, a historic Upper West Side landmark, and is ready to spend as much as...

Congress Weighs Wider Home Tax Credit

$8K for first-time buyers may jump to $15K, apply to all sales

(Newser) - With the tax credit for first-time homebuyers set to expire in November, congressional efforts to increase it and broaden its reach are ramping up, reports USA Today. Chris Dodd, who leads the Senate Banking Committee, supports a proposal to raise the credit to $15,000 and extend it to all...

Hamptons Grim, But Not Dead
 Hamptons Grim, But Not Dead 
GLOSSIES

Hamptons Grim, But Not Dead

(Newser) - The Hamptons are not a happy place these days, Michael Shnayerson writes in a Vanity Fair piece detailing fortunes destroyed, plans dashed, homes selling for bargain basement prices. The stink of the financial crisis in general, and Bernard Madoff especially, has descended on the oceanfront playground of New York’s...

Starbucks Looks to Cut Back on Rent
Starbucks
Looks to Cut Back on Rent

Starbucks Looks to Cut Back on Rent

Coffee chain presses landlords for 20%-25% reductions

(Newser) - Starbucks is asking some of its landlords for a venti favor: lower lease rates by as much as 25%, Bloomberg reports. With the real-estate market in decline, a rep says, “We’re taking advantage of the opportunity,” adding that most landlords foresee a “mutually beneficial situation.”...

'Bueller? Bueller?' Film House Hits Market

(Newser) - The Chicago-area house immortalized in a glass-breaking, Ferrari-plunging shot from Ferris Bueller’s Day Off is for sale, the Arlington Heights Daily Herald reports. “It’s spectacular inside,” said the realtor offering the glass-walled modern home at $2.3 million. “It’s like living in a tree...

Realtors Sue CSI Over Kinky Portrayal

Real estate agents allege producer defamed them in episode

(Newser) - Scott and Melinda Tamkin are your average married real estate agents. Unless you watch CSI, in which they are conniving, kinky-sex-loving real estate agents. The couple is suing the producer of a February episode they say is based on a warped version of them, the Los Angeles Times reports. The...

Investors Storm Housing Market

Aim to take advantage of current low prices

(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them...

Lehman Weighs Spinning Off $45B in Assets

In the most sweeping bankruptcy action yet, assets will become separate unit

(Newser) - Bankrupt Lehman Brothers is preparing to spin off a grab-bag of assets worth $45 billion in their current state but as much as $400 billion at "nondistressed" prices, the Wall Street Journal reports. The planned sale of shares in the unit—the biggest move yet to unwind the...

Today's Bargain: Australia's Islands

(Newser) - No man is an island—but now is the time for him to own one. Australia’s ritzy Queensland island resorts are going for bargain prices, but between the recession, a slew of natural disasters, and a nasty oil spill, no one’s biting, reports the Telegraph. Dunk Island is...

Faux Owners Dress Up Luxury Homes for Sale

Rewards await those who can make an empty house look like a million dollars lives there

(Newser) - The slump at the top of the property market has been a bonus for people who can make a mansion look like a happy home but can't afford one of their own, reports the Wall Street Journal. Realtors stuck with empty luxury homes have been seeking the services of resident...

As Bank Moratoriums End, Foreclosures Surge

(Newser) - As internal bank moratoriums on foreclosure imposed last year expire, many more Americans are losing their homes, the Wall Street Journal reports. Foreclosure proceedings were up 6% in February over January, and up 30% from March 2008. Just as the Obama administration's rescue plan kicks in, delinquents who don’t...

Madonna Drops $40M on NYC Townhouse
Madonna Drops $40M on NYC Townhouse

Madonna Drops $40M on NYC Townhouse

Material Mom might be putting off promised move to Malawi

(Newser) - Madonna may be sending her moving van(s) to the Upper East Side of Manhattan rather than Malawi, reports the New York Post. The singer is plunking down $40 million for a Georgian-style townhouse. That’s $5 million less than the asking price, but hardly a bargain; no residence in the...

Your Neighborhood Realtor: 'I'm Really, Really Sorry'

(Newser) - Erica Ferencik can’t stand the guilt anymore. “I am the reason the world is in an economic tailspin,” she writes in Salon. “I'm your neighborhood real estate agent, and I'm really, really sorry.” When Ferencik got into real estate 9 years ago, she found herself...

Crashed Market Opens Doors for New Homeowners

Foreclosed homes affordable to middle-class families

(Newser) - Since the real estate market collapsed, buying a home has become possible for middle-class families for whom it was previously out of reach, the New York Times reports. Taina Goldman, a Miami nurse, recently paid $187,000 for a house worth $370,000 three years ago. And she’s not...

Gonzo Blogger Exposes SoCal Housing Market

Jim Klinge's unrestrained criticism of real estate practices brings him buyers

(Newser) - With “transparency” a political mantra and the housing market an unqualified mess, one real-estate broker is seeking unfettered truth, the Los Angeles Times reports. Armed with a video camera, blogger Jim Klinge is chronicling California’s real-estate crash, sparing no broker’s feelings with scathing appraisals not just of...

Hef Party Pad Up for Sale at $28M
Hef Party Pad
Up for Sale at $28M

Hef Party Pad Up for Sale at $28M

Original playboy downsizes as sons head to college

(Newser) - Octogenarian player Hugh Hefner and wife, Kimberly, have put their plush pad next to the Playboy Mansion up for sale for $28 million, reports the Los Angeles Times. The "sister party house" is a 7300-square-foot English Manor-style home. It features a hand-carved staircase, leaded windows, five bedrooms, seven bathrooms,...

Spelling's $150M Mansion Is Priciest US Home for Sale

(Newser) - The mansion that late producer Aaron Spelling built in 1991 is on sale for $150 million, making it the most expensive home for sale in the US, the AP reports. The 56,500-square-foot home, the largest in Los Angeles County, sits on 4.7 acres near the Playboy Mansion. Neither...

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