Most famous for her real-life role as Charlie Sheen's third ex-wife, actress Brooke Mueller has put her home in Tarzana, California, on the market for $3.55 million, attempting to flip the property one year after purchasing the 0.62-acre estate. According to RealEstalker, Mueller bought the posh pad from former Spice Girl member Mel B for $3 million, which was $159,000 less than the singer and her husband paid for the abode in 2009.
Read More »Publications Honor ULS for Employment Growth
Urban Lending Solutions (ULS) is among the nations top job creators, according to Inc. magazine, which recognized the company with its Hire Power Awards. Boulder Daily Camera also ranked ULS No. 14 on its list of the largest full-time employers in the private sector in Broomfield/Boulder counties.
Read More »Falling Rates, Booming Refi Demand Boost Application Activity
A plunge in mortgage interest rates gave lift to applications for the first week of December, according to the Mortgage Bankers Association.
Read More »Report Examines Effect of Consumer Expectations on Price Recovery
A recently released Home Value Forecast from Pro Teck and Collateral Analytics posits that consumer expectations of price trends can actually keep them going and even add to their momentum. Pro Teck CEO Tom O'Grady says that as home buyers perceive prices are rising or falling, they behave in a way that actually encourages the trend. For example, rising prices "also increase net worth and encourage those buyers who have been sitting on the fence to purchase," increasing turnover rates and reinforcing more price gains.
Read More »LRES Highlights 2012 Achievements
This year has been good to California's LRES, a national provider of commercial and residential valuations and asset management.
Read More »MacArthur Foundation Requesting Research Proposals on ‘How Housing Matters’
The John D. and Catherine T. MacArthur Foundation has issued a request for housing research proposals as part of its How Housing Matters to Families and Communities program. The program is a five-year, $25 million research initiative designed to deepen the literature on the effect that investments in housing have on social and economic outcomes.
Read More »Asking Prices Increase, Discounts on the Decline
Asking prices on homes improved on a yearly basis for the seventh straight month in November, according to the latest report from FNC, Inc. The report also shows a steady improvement in liquidity conditions throughout 2012--meaning the gap between asking prices and selling prices is closing, even as prices rise. The average home sale in October closed at 6.6 percent below the asking price, a year-over-year improvement from 9.7 percent.
Read More »RedVision Ranks No. 5 for Job Growth in Real Estate
RedVision, a provider of title search and real property data solutions headquartered in New Jersey, announced it has joined the ranks of other top job creators in Inc. magazine's Hire Power Awards list.
Read More »Treasury Sheds Last AIG Shares
The Treasury announced Tuesday it will sell the remainder of its shares of American International Group, Inc. common stock. The move brings Treasury's stake in the company to an end. Together, Treasury and the Federal Reserve invested $182.3 billion to stabilize the failing insurance behemoth in September 2008 at the start of the financial crisis. In addition to recouping the total $182.3 billion, the Treasury incurred a positive return of $5 billion, while the Federal Reserve received a positive return of $17.7 billion.
Read More »Freddie Mac Forecasts Future of Housing Growth
Add Freddie Mac to the list of companies forecasting great things in the 2013 housing market.
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