Housing stock needs incentives and information awareness

June 30, 2009
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Incentives and information awareness is the best key for improving the energy efficiency of the nation’s homes and buildings, the National Association of Realtors (NAR) reported.

The report is in line with the proposed GREEN Act where it encourages consumers on energy efficiency and conservation in our nation’s housing stock.

NAR is fully committed with the efforts to inform consumer the need for energy efficiency and at the same time reducing the energy use.

Base on the proposed H.R. 2336, the bill would establish incentives to encourage enrgy efficient building, rehabilitation and upgrades. In addition, the bill provides a loan fund for states to implement renewable energy projects and would encourage a number…

The “Twin Peaks” writer Harley Peyton sell her house in Los Angeles Hancock Park

June 29, 2009
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The television series Twin Peaks’ writer and producer Harley Peyton is selling her 5,008-square-foot house in Los Angeles Hancock Park area for $3.995-million.

It was built in the 1926th with five and a half bathrooms, a grand entry and a step-down living room with a beamed ceiling, a fireplace and French doors that lead out to a private patio.

Peyton’s house also includes a den with a fireplace for recreational activities, a kitchen with high-end appliances, maid’s quarters, an office and a master’s bedroom.

This house on Hancock Park has 0.28-acre or 12,254 square foot which inclused a terrace and in outdoor lounge with fireplace for visitors, a new swimming pool for kids …

Real Estates Sales Volume Increased Last May

June 25, 2009
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Despite bankruptcy, debt or deficit among several sectors in the U.S economy, a positive improvement was occured for the month of May where real estate sales volume has increased where one out of five homes were being sold last 2008.

According to the National Realtors, the reason why the sales volume has increased is when banks started to unload their foreclosures and deals and give again another door for investors to return. It was observed that through the strategy of most banks in the country, the real estate industry is starting to “float around” and eventually investors have returned to put money in the marketplace. Right now, the investors are looking…

Shannen Doherty’s House in Malibu, California is now $400,000 less!

June 25, 2009
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From $4.4 Million last April 2008, actress Shannen Doherty re-listed her house in Malibu, California to $4-million - $400,000 less!

Doherty decided to sell her house in California since she planned to spend more of her time in New York, however according to public records, she never own yet a house in N.Y.

Her 3,410-square-foot house was built in 1976 with five bedrooms, four bathrooms. Its interiors have high-pitched ceiling enough to have a huge chandelier and multiple skylights the floors were made terracotta, it has a fireplace in the kitchen and in the master suite.

If you want to relax you could stay in the 1.1 acre or 4840 square meters landscaped…

Applications to Purchase a Home or Refinance a Loan Dropped by 16-Percent

June 25, 2009
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Despite the stimulus fund of the U.S. government, the index of application to purchase a home or refinance a loan decreased by 16 percent, The Mortgage Bankers Association reported today.

At the report released by MBA for the week ending June 12, the gauge of mortgage loan application quantity was 514.4 a decrease of 15.8 percent compared with the 611.0 last week.

MBA also said that the refinance Index also dropped from 23.3 percent to 1998.1 compared to the previous figure of 2605.7.

The Purchase Index or the record for those houses that were bought also decreased 3.5 percent to 261.2, the MBA stated.

Due to the four-week decrease of the housing market, the…

The Increase of Condo Prices – An Accidental Success

June 25, 2009
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Despite the global financial crunch, the National Association of Home Builders (NAHB) reported recently that the median condominium price rose slightly last April. However despite the increase, the median price for existing condo sales is still down by 18.5-percent from last year.

According to NAHB prices of condominiums year-over-year have been dropping in a range between 18 and 22.5 percent for the last five months. Looks like, people nowadays tend to buy only the immediate necessities than buying houses that will drain their pockets.

Some experts say that the increase or the “bump” last April might be an accidental success or a piece of good luck. We should hope that in this…

Former U.S secretary of State sells his Connecticut farmhouse-style house for $2.15M!

June 25, 2009
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The Former U.S. Secretary of State Warren Christopher has recently listed his 3,428-square-foot Connecticut farmhouse-style house in Beverly Hills California for $2.15-million.
Built in 1935, the house has four full baths, one three-quarter bath, and a separate guest studio. The one-storey house has a pool, set of huge lawns among specimen trees and sits on a 0.41-acre (18,000-sq. ft.) parcel.

Christopher, who was secretary of state from 1993 until 1997, still continues to own his main home in Santa Barbara County, California.

Fleur De Lys Mansion Is World’s Most Expensive Homes

June 14, 2009
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Fleur De Lys Mansion between Beverly Hills and Bel Air is now considered most expensive home. At a rice of $125 million, the Fleur De Lys Mansion boasts of 12 bedrooms, 15 bathrooms and accoutrements ala Versailles.

This same home is now owned by Mariah Carey who even featured the mansion in her film “Glitter”. The price is even low considering the bubble burst. This mansion which sits on a five acre land was built by a Texan billionaire. The home itself measures 41,000 square feet of pure luxury modeled after the former home of Marie Antoinette, the Palace of Versailles.

The Fleur De Lys Mansion includes a 3,000 square-foot manager’s house,…

US Neighborhoods Where Properties Get Sold Easily

June 14, 2009
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At this time when selling your home can be an exercise in futility there are still some areas where selling one’s home can be a breeze. Take for example Redwood City which is a rich suburb in San Francisco and home to multi-million dollar homes with waterfront marinas. This is also the location of corporate headquarters including technology companies like Electronic Arts and Oracle.

Home for sale signs in Redwood City lasts for only a few days. The same is true for the 94065 ZIP homes where the longest period a property is listed in the market is no more than 40 days. While prices here are down by 15% like…