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December 2013 Home Sales Drop Sharply

Home For Sale Real Estate Sign in Front of Beautiful New House.

Housing sales dropped 7 percent nationwide as demand for homes declined significantly. That is the bad news, but there is good news. Housing prices did rise 4.6 percent compared to December, 2012. So what happened. The reduction in foreclosure inventory and overall inventory has created a bit more scarcity in the marketplace. Odds are the low hanging fruit that the ... Read More »

Rick Ross Buying Evander Holyfield’s Foreclosed Atlanta Mansion

Rapper Rick Ross buying Holyfield Mansion

The word is out, Rick Ross is buying Evander Holyfield’s Fairburn, Georgia 107 room former mansion from the bank. The home failed to sell in a foreclosure auction held this past November, but it looks like rapper Rick Ross has decided to buy the compound for close to the 6.75 million dollar asking price. Holyfield originally paid nearly 100 million ... Read More »

Chinese Plan 10 Billion in Worldwide Real Estate Purchases in 2014

us-china

Chinese real estate investors are scouring the globe looking for real estate deals to protect their nest eggs according to an article at the Wall Street Journal. With the risk of credit issues in China, prudent investors are looking for safe places to park their money overseas, and quality real estate seems to be a favorite. The majority of the ... Read More »

The Top 10 Most Unaffordable Cities in the United States

CaliforniaLeaving2

When we look at housing prices we are really talking about affordable living. If wages are extremely high in your community, expensive housing prices are not that much of a burden. It is why Washington D.C. is not on the list. Reading the latest Demographia International Affordability Survey, and if you are a real estate numbers geek it is absolutely ... Read More »

Top 10 Largest Home Builders In United States

homeforsale_small

Updated Again with 2012 Numbers:  The annual list of home builders is out again with the 2012 numbers, and the surprise entry this year was Habitat for Humanity coming in at the #10 position, down significantly from the previous year. D.R. Horton –  19,954 Homes Built in 2012 PulteGroup –  16,505 Homes Built in 2012 Lennar Corp  –  13,802 Homes Built ... Read More »

2013 Tax Credit For Replacing Your AC, Furnace, or Water Heater

AC Furnace Water Heater 2013 Tax Credit

If you are like me and had to replace a furnace in 2013, or replaced an air conditioner or even put in a new water heater, you may be eligible to get a tax credit on your 2013 taxes that you will be filing before April. 2013 was the last year you could claim these energy efficiency saving deductions, but ... Read More »

The Dunmore Pennsylvania “Slightly Haunted” House

slightly haunted house dunmore pa

For one Dunmore, Pennsylvania couple selling their home, those creaks and groans an old house makes is now a marketing tool. They listed their 113 year old Victorian home for sale as “slightly haunted” and the response has been mixed. According to their real estate agent, there has been a great deal of foot traffic to the home, but most ... Read More »

Is Your Homeowners Association Underfunded?

americansubdivision

It is one of those horrible scenarios, but you may be on the hook for a potentially large assessment from your homeowners association, and not even know it. In fact, your homeowners association may be close to being broke… When you buy a home that is governed by a homeowners association you sign a long document that gives the association ... Read More »

World’s Wealthiest Hold One-Fifth of Their Wealth In Real Estate

Real Estate Hong Kong

One of the adages I was raised with is if you want to be successful, watch what successful people are doing. I would assume this would apply to investment real estate and the super rich do like to invest in real estate assets. The European rich like real estate the most holding 31 percent of their assets in properties and ... Read More »

The Party Down South House at Murrells Inlet

Party Down South House Murrells Inlet SC

If you are a fan of the new reality show “Party Down South” you are probably curious about the house they used to film it at in the quiet South Carolina community of Murrell’s Inlet. The 100 year old home is called “King’s Krest and is actually available for rental when not being used to film “Party Down South”. With ... Read More »