real estate

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The Stairway Goes Nowhere. He Bought It for $32K

Only in London?

(Newser) - "I don't think I've ever sold a vacant stairwell," longtime auctioneer Christopher Glenn said on Tuesday. That's now changed. A "disused" London stairwell has sold for about $32,000 at auction, the Guardian reports. The four-story stairwell once serviced the then-office building it was...

Rush Limbaugh's $155M Estate Is Being Demolished

Cosmetics heir William Lauder, who bought Palm Beach property in March, has begun teardown

(Newser) - What does it feel like to have so much money that you can buy property worth more than $100 million, then knock down the posh home there just because? Ask William Lauder, who apparently serially razes mansions. Via Yahoo Finance , USA Today reports that the cosmetics billionaire, executive chair of...

For $300K, You Can Live Like a &#39;Troll&#39;
'Troll' Home Goes for $430K,
Well Above Asking
UPDATED
Jul 2, 2023 8:20 AM CDT

'Troll' Home Goes for $430K, Well Above Asking

California apartment embedded in bridge went viral

(Newser) - It was listed for $250,000, but a funky dwelling near downtown L.A. known as the "troll apartment" has sold for $180,000 above that, reports the Los Angeles Times . The small residence set on a bridge over a drainage tunnel drew national attention and an energetic bidding...

This Might Become the Priciest Home in Texas

Lakefront estate in Austin is up for $50M, possibly for rich Californians fleeing their state

(Newser) - An eye-popping asking price for an estate in Texas might be a reflection of the super-rich of California looking for different places to call home. The Wall Street Journal reports that the lakefront compound in Austin has been listed for $50 million, which would make it the most expensive home...

Check Out the $61M Digs J.Lo, Ben Affleck Just Bought

Couple splurges for 12-bedroom, 24-bathroom (yes, 24) home in Beverly Hills

(Newser) - When nature calls, it's good to know your new home has 24 bathrooms to choose from. We're not sure if that feature is what ultimately sold Jennifer Lopez and Ben Affleck on their new $61 million mansion, but it's the one the Daily Mail homes in on...

Looking to Buy a Home? Here&#39;s the Most Affordable US City
Short on Cash?
Buy a Home Here
May 23, 2023 1:40 PM CDT

Short on Cash? Buy a Home Here

Head to Montgomery, Alabama, for the most affordable abodes; avoid Santa Barbara, California

(Newser) - With soaring home prices and interest rates, it may not seem like the best time to plunk down a down payment on a new home. Some US cities, however, make that goal more attainable than others, and WalletHub sifted through the data to suss out the top contenders. The site...

&#39;We Buy Ugly Houses&#39; Firm Accused of Shady Tactics
'We Buy Ugly Houses' Firm
Accused of Shady Tactics
longform
May 15, 2023 10:30 AM CDT

'We Buy Ugly Houses' Firm Accused of Shady Tactics

ProPublica says the company zeroes in on desperate homeowners, pressures them to sell

(Newser) - You may have seen the "We Buy Ugly Homes" signs or flyers around, or heard of parent company HomeVestors. The premise behind the business is straightforward: They'll buy the homes of sellers willing to take less than full price in exchange for the convenience of a quick sale....

Hope Your Home Sells Big? Folks Love These Amenities

Zillow finds she sheds, steam ovens, and more can offer a big boost to home sale prices

(Newser) - Looking to put your home on the market? In addition to standard "curb appeal" maintenance you might have to do to boost your house's salability, there might already be a few things that fall in your house's favor, from a buyer's perspective. Real estate company Zillow...

Have $2M? Scoop Up the Kennedys' Starter Home

4-bedroom, 4-bath townhouse in Georgetown where JFK, Jackie lived as newlyweds is on market

(Newser) - Before there was Camelot, there was 3321 Dent Place, the four-bedroom, four-bath townhouse in DC's Georgetown neighborhood where JFK and Jackie Kennedy moved just a few months after marrying in September 1953. Now, per Insider , that 3,072-square foot residence where the junior senator and his bride first set...

New Owner Has Big Plans for Goonies House

Superfan Behman Zakeri to host visitors, potentially overnight

(Newser) - After seeing The Goonies at the theater in 1985, 8-year-old Behman Zakeri visited neighbors asking whether he could search their basements for tunnels that might lead to hidden treasure. His obsession with the Steven Spielberg film hasn't faltered in the decades since—after all, Goonies never say die—which...

Literary Mansion Sells for $3.8M, but Tenants Won't Go

Evelyn Waugh lived at Piers Court for 19 years

(Newser) - The author Evelyn Waugh wrote Brideshead Revisited in an eight-bedroom mansion he lived in for 19 years in the UK's Cotswolds region, and what's happening at the home now is entirely plot-worthy. Former BBC Worldwide/Sony Entertainment exec Jason Blain bought Piers Court in 2019 for £2.9m...

You Can Buy Goonies House for $1.7M
Goonies House in Oregon
Sells to a 'Goonie'
UPDATED
Dec 5, 2022 8:21 AM CST

Goonies House in Oregon Sells to a 'Goonie'

Still-unidentified buyer pledges to preserve the beloved site

(Newser) - The listing agent for the Victorian home featured in the The Goonies film in Astoria, Oregon, says the likely new owner is a fan of the classic coming-of-age movie who promises to preserve and protect the landmark, per the AP . Jordan Miller of John L. Scott Real Estate said the...

A Christmas Story House Up for Sale
An Iconic Ohio
Home Is Up for Grabs
Nov 15, 2022 10:19 AM CST

An Iconic Ohio Home Is Up for Grabs

Cleveland house used in 'A Christmas Story,' plus a museum and gift shop, has been listed

(Newser) - You could spend Christmas—and every other day of the year—in the house made famous by A Christmas Story. The century-old home in Cleveland, used to house the family of Ralphie Parker in the 1983 film, is up for sale as part of a listing that includes a museum,...

They Couldn't Get a Mortgage. Divvy Helped—Maybe

The rent-to-own startup has some unhappy customers

(Newser) - Divvy was partly born out of the American dream realized, or so writes Ainsley Harris for Fast Company . Co-founder and CEO Adena Hefets is the daughter of an Israeli immigrant who "lucked into homeownership through seller financing, after being denied a mortgage," and then was able to help...

Older, White Homebuyers Squeeze Others Out of Market

Share of first-time owners falls to 41-year low

(Newser) - It's not just higher mortgage rates and lower inventory squeezing young people out of the real estate market: It's older white people who can bring cash to the deal. In its yearly profile of buyers and sellers, the National Association of Realtors says those purchasing their first home...

Opendoor Is Laying Off Almost a Fifth of Its Workers

'We're navigating one of the most challenging real estate markets in 40 years,' CEO says

(Newser) - Online house-flipping firm Opendoor has become the latest company to downsize in the wake of the rapid shift in the housing market. CEO and co-founder Eric Wu said in an email to employees shared on the company blog Wednesday that with a "heavy heart," the company is saying...

For the Wealthy, the New Draw Is the 'McBasement'

If you can't go up or out, go down

(Newser) - If the word "basement" conjures up memories of a dark and musty rec room where you spent your youth, the Wall Street Journal is ready to usher you into 2022. Basements are in, but they aren't like any basement you know. As EB Solomont writes, they're the...

An Unwanted and Inhospitable Lighthouse Finally Sells

Hooper Island Lighthouse went for way more than the starting price

(Newser) - The federal government has sold off a rather inhospitable lighthouse in the middle of the Chesapeake Bay for a six-figure sum after a bidding war at auction. The Hooper Island Lighthouse, located west of Middle Hooper Island in Maryland's Dorchester County, at first drew little interest, reported the Washington ...

New Real Estate Wrinkle: Reluctant Sellers

Many have a low mortgage rate now, so why sell and possibly double it on a new place?

(Newser) - The housing market is a complex place at the moment, with the Fed's aggressive rate hikes sending mortgage rates north of 6% for the first time in nearly 15 years. Much of the resulting coverage has focused on the buyers' view of things—how those higher rates add hundreds...

Mortgage Rates Reach an Unwanted Milestone

Average rate hits 6% for the first time since 2008

(Newser) - Someone who closes on a house this month will be paying twice the mortgage rate of a year ago. The average rate on a 30-year fixed-rate mortgage reached 6% this week for the first time since the recession days of 2008, reports the New York Times . That's up from...

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