Wednesday, June 30, 2010

Foreclosed Homes Sell at 27% Discount as Supply Grows

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Homes in the foreclosure process sold at an average 27 percent discount in the first quarter as almost a third of all U.S. transactions invo...
Monday, June 21, 2010

The End Is Near

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And that’s a good thing – Macerich executives wondered if they’d ever complete the remodel of Santa Monica Place. By: By Alexa Hyland: labus...

One Palace, Never Used

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Now shy of glitz, owner to sell mansion. By: By Daniel Miller: labusinessjournal.com C. Frederick Wehba Sr. spent $65 million to build a pal...
Friday, June 18, 2010

Hill and McGraw Sell Home for $9.55 Million

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Singers Faith Hill and Tim McGraw have sold their Beverly Hills, Calif., home for $9.55 million. The home, in Beverly Park, was originally l...
Monday, June 14, 2010

Fed Chief Cautiously Optimistic about Economy

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The U.S. economy is in a moderate recovery and should continue growing through next year, but the unemployment rate is expected to remain hi...

Jobs key to housing recovery

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The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on M...
Saturday, June 12, 2010

Wealthy homeowners seeking privacy are increasingly buying adjacent properties

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Compounds are the hottest commodity in L.A.'s high-end real estate market, brokers say. By: By Lauren Beale: latimes.com A huge retainin...

Compound interest: L.A.'s ultra wealthy buying the houses next door

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latimes.com As an added layer of privacy through increased acreage or as a way to tell the world they have arrived, L.A.'s wealthiest re...

Trading Down: Can It Still Bankroll Your Retirement? .

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Trading down to a smaller home is a retirement-planning staple. According to an April study by the Society of Actuaries, 20% of not-yet reti...
Friday, June 11, 2010

Tax Credit Extension Could Help Tax Cheaters

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Everett CollectionAs we reported Thursday, Congress is considering a proposal from Sen. Harry Reid (D., Nev.) to extend the closing deadline...
Thursday, June 10, 2010

Banks Face Short-Sale Fraud as Home `Flopping' Spreads

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Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. By: Jo...
Wednesday, June 02, 2010

Pending home sales race to 6-month high

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Pending sales of previously owned homes rose more than expected in April, scaling a six-month high as prospective home owners took advantage...

Wealthy Investors Bet on Property, Stocks as Caution Reigns, Barclays Says

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Wealthy investors globally are avoiding derivatives and hedge funds and turning to property and stocks following the global financial crisis...
Monday, May 31, 2010

Fed Officials Upbeat On U.S. Recovery

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Two senior Federal Reserve officials were upbeat Monday about the U.S. economic recovery despite the worsening debt crisis in Europe, but ga...