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The Price of Real-Estate Experience: $25,000

Can you put a price on experience? In real estate, you can. It is about $25,000 for the average house. Veteran agents sell homes for an average of 12% more than their less experienced counterparts, says Bennie Waller, professor of finance and real estate at Longwood University in Farmville, Va. Veteran agents also tend to […]

Home asking prices rise in August; yearly gains top 20% in Southland

By Andrew Khouri September 5, 2013, 11:06 a.m. Sellers nationwide sought more for their home last month, but the rapid rise in prices appears to be slowing, according to a new report. Asking prices are up 1.2% from July and 11% from last year, real estate website Trulia said Thursday. Orange and Los Angeles counties, […]

Listings

Inside Tom Brady and Gisele Bundchen’s Gym, Closet, and More at Their New Brentwood Mansion

Wednesday, September 4, 2013, by

Estate of Micheline Lerner sells in Hollywood Hills West

The Hollywood Hills West estate of Micheline Muselli Lerner, a former wife of lyricist and playwright Alan Jay Lerner, has sold for $6.5 million. The French-style house, designed by noted architect John Elgin Woolf and built in 1939, sits behind gates and hedges on a 1.4-acre promontory with city and ocean views. Features include a […]

Report: Half of All Homes Are Being Purchased With Cash

BY NICK TIMIRAOS The Goldman Sachs analysis says that the all-cash share of sales has more than doubled over the past seven years. More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group. The analysis […]

Real Estate Features Luxury Homes The Most Expensive Home You Can Buy In Every State

U.S. housing markets are hot again after a slump. But mega-mansion prices have been on an upward trajectory for awhile. “Over the course of the last few years, we have seen a definite shift higher in pricing at the very top of the market,” said Rick Goodman, publisher of Ultimate Homes. “Billionaires — from the […]

Confidence in Housing Rises Sharply Among Millennials

As the housing industry mends, younger Americans are expressing greater confidence in the market, according to results from Prudential Real Estate’s Q2 outlook survey. Of the 2,600 millennials surveyed in Q2, 71 percent said their perception of the housing market is “favorable,” up from 65 percent in Q1. In 2011, only 52 percent of Americans […]

Housing market back in focus as rates rise

Rock-bottom interest rates make buying a dream home more than just a dream. The reason is simple math: The lower the mortgage rate, the cheaper the monthly payment, which boosts the chances of getting approved for a home loan and being able to buy a home. That’s why the jump in rates has housing bulls […]

Here Are the 3 Biggest LA Home Sales of Last Week

Monday, July 22, 2013, by Eve Bachrach Listed for: $13.5 million Listed on: April 15, 2013 Sold for: $11.5 million Size: Six bedrooms, nine bathrooms in a little more than 10,000 square feet Location: 12719 San Vicente Boulevard, Brentwood The Lowdown: This new-build across San Vicente from the Brentwood Country Club is “modern living redefined,” […]

California home prices climbed at a record pace in June

California’s hyperactive housing market appeared headed from statewide recovery to all-out exuberance last month as prices on closed sales climbed at a record pace. The state’s median home price shot up a record 28.5% in June from a year earlier, real estate research firm DataQuick said Thursday. That jaw-dropping increase is due to a number […]

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