Sunday, 26 January, 2020

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Author: brian coester


Is it the end of summer loving in Brentwood for John Travolta? The actor and his wife, actress Kelly Preston, have quietly sold their longtime home in the Los Angeles neighborhood in an off-market deal for $18 million. The buyer was a trust tied to big-time record executive Scooter Braun, who also owns the property next door. The fenced and Read more…


In a sunny living room with mirrored walls and French doors leading to a lush private patio, veteran TV director Howard Storm surrounds himself with precious photos, celebrating his life and career across eight decades. Storm directed episodes of classics such as “Laverne & Shirley” and “Everybody Loves Raymond,” but among the pictures on display his favorites are the 1978 Read more…


Pending sales of new homes are continuing their strength despite affordability and supply challenges. The New Pending Home Sales Index from industry advisory firm Meyers Research shows a rise of 12.5% rise year-over-year in December to a reading of 117.5. However, this was down 2.5% from November. “The US economy entered 2020 on a positive note after many top indicators Read more…


Doug Ellin, creator of the HBO drama series “Entourage,” is asking $7.995 million for a Beverly Hills Post Office home he bought five years ago from actor James Caan. That’s about $4.2 million more than he paid for it, records show. Coincidentally, the listing arrived two days before the sale of Encino’s “Entourage” house — a flashy Tuscan-style villa used Read more…


Richard Sharrocks A case before the Supreme Court has the power to dramatically reshape how the U.S. government polices financial fraud and other misdeeds against consumers — which many experts fear would weaken existing protections and expose the public to more harm. The case, which concerns the Consumer Financial Protection Bureau, could ultimately lead to the dissolution of the agency, Read more…


With its stunning Mediterranean architecture and sweeping city views, Whitley Heights has housed many Old Hollywood stars over the years. This 98-year-old home is a classic example of what the historic Hollywood Hills neighborhood has to offer, and it just came to market for $1.995 million. Listed for the the first time in three decades, the hillside hacienda boasts former Read more…


Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a five-bedroom home in Arlington, Virginia, a little over a year ago. But they decided to move in together, along with three other complete strangers. All of them had answered ads to rent one room in the home and share the common spaces. “It was perfect Read more…


A signature style emerges over time. Brothers Charles and Henry Greene were still evolving as architects in the early 1900s when they put their Arts and Crafts stamp on the Duncan-Irwin House in Pasadena. This predecessor of the famed Gamble House set a high bar for that later Craftsman landmark in terms of beauty and detail. Seamstress and dress designer Read more…


It’s a model that we are all familiar with: buy in bulk to receive a discount. One commercial real estate firm in New York is applying that to their loans. Eastern Union has launched a pooled loans division that promises to deliver below-market interest rates by pooling similar loans together and approaching lenders as a group when seeking financing. “Banks Read more…


Christopher Lloyd, who played Emmett “Doc” Brown in the “Back to the Future” franchise,” is looking to cut loose from his Ventura home, listing the oceanfront abode for $2.95 million. It’s a relatively short stay for the veteran actor, who paid $2.175 million for the beach house in 2018. The cozy cottage clocks in at just over 1,000 square feet, Read more…


Meryl Streep has started off the year strong, selling her New York penthouse for $15.8 million. The Oscar-winning actress first listed the home for $24.6 million in 2018 and trimmed the price to $18.25 million last summer, records show. It’s markedly different from her West Coast home — a Pasadena post-and-beam that she picked up for $3.6 million in 2017. Read more…


Changes are coming to credit scores. That may make it harder for some people to get a loan. FICO, developer of one of the most widely used scores by lenders, announced an update to its scoring algorithm, which will change how consumers’ debt levels are weighed. This latest iteration of the FICO score, available this summer, is meant to help Read more…


Here’s a look at what roughly $500,000 buys right now in Spring Valley, San Diego and Borrego Springs in San Diego County. SPRING VALLEY: Perched high on a hill, this single-story home on half an acre enjoys panoramic views from picture windows. Address: 9304 Crest Drive, Spring Valley, CA 91977 Listed for: $499,000 for two bedrooms, two bathrooms in 1,181 Read more…


The housing recovery added $11.3 trillion to US housing values during the last decade, according to a new report by Zillow. The total value of every home in the US is now $33.6 trillion, nearly as much as the combined GDP of the world’s two largest economies – the US ($20.5 trillion) and China ($13.6 trillion). The $11.3 trillion in Read more…


Inventory of for-sale homes in the US hit at least a seven-year at the end of 2019, according to the December Zillow Real Estate Market Report. Zillow forecasted that the 7.5% year-over-year drop in inventory is bound to get worse. With low mortgage rates and steady consumer confidence, demand continued to rise, and eager buyers are snatching up the few Read more…