Gas Boom Ups Real Estate Demand In Wyoming

January 24, 2009
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Pinedale in Wyoming is one of the high in demand destinations for those investing in real estate thanks to the gas boom. Pinedale is a quiet rural town in Sublette County bursting with real estate activities at a time when the rest of the country is experiencing a real estate bust. The gas boom in the area has provided employment to one of every two workers in the area. The attention that Pinedale got due to the gas boom has also been translated to lots of real estate business.

Pinedale, which is inhabited by about 1,500 people, is strategically located at the foot of the Wind River Mountain Range. Its scenic…

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Filed Under: Real Estate

Musician Beck Campbell’s Malibu Home Up For Sale

January 23, 2009
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If you want to own a celebrity home then this Malibu home, which is owned by musician Beck Campbell, is in the market for $2.345 million which is less than the original listed price of $2.399. The Malibu home is a mid-century ranch with hardwood floors, a guest house with a fireplace, a large kitchen and modern baths.

It seems that another Campbell property is in the market and this is Hancock Park home which is being sold at $7.35 million, way below the original listed price of $9 million.  The Campbells bought the house fro $6.75 million in 2007.

Campbell’s Hudson Avenue home in Los Angeles measures 5,718 square feet and…

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Filed Under: Celebrity Real Estate, Real Estate

Where to Find Biggest Foreclosure Bargains on Luxury Homes

January 23, 2009
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Foreclosures are a bane but not to all people. Thanks to the rising number of foreclosed homes, a lot of structures that were once priced beyond the reach of ordinary mortals are now made affordable. You can now get a luxury home for a price 40% less than the original market value. Take this 4,000-square-foot Noche Oscura Circle property in Las Vegas which used to have a price tag of $1 million.

After being foreclosed, ownership is now with the bank which is selling it for only $500,000. This is not the only property being sold at a discounted price because banks in hard-hit markets such as Florida, Nevada, Michigan, California…

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Filed Under: Foreclosures

Martha Stewart Branded Home Developments

January 23, 2009
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You may be salivating over Martha Stewart’s Turkey Hill property which costs $9 million but no sweat even if you cannot afford that much because you can still have a taste of the Stewart lifestyle.  Stewart is just one of the many celebrities who have taken up real estate development projects either for their own business or just lending their names as real estate brands. The real estate industry has new trend and celebrity branded developments are definitely “it”.

If you want a Martha Stewart-branded home then opt for the KB Home which is more popularly known as Twin Lakes. Each home measures between 1,500 to 4,100 square feet and features…

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Filed Under: Celebrity Real Estate, Real Estate

Richard Dreyfuss’ House In The Market For $1.025 Million

January 22, 2009
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Actor Richard Dreyfuss’s 3,683-square-foot house is in the market for $1.025 million which is less than the $1.250 million he paid for it two years ago. The 61-year old Dreyfuss’ five-bedroom San Diego County house was built in 2005. It has a stone fireplace, upgraded maple entertainment cabinet in the family room, designer tiles, four and a half baths, a master suit with private balcony, stone floors in the baths and jetted soaking tub among others. It also comes with a Thermador refrigerator, professional cooktop and microwave as well as Bosch dishwasher and self-cleaning double oven. It also boasts of a stainless steel wine cooler.

The property features a private courtyard…

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Filed Under: Celebrity Real Estate, Real Estate

Calgary Real Estate Chief Confident About Housing Stability

January 22, 2009
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The rest of the world including the United States and Britain may be faced with a bleak real estate industry future but Canada’s housing industry seems to be recovering and is becoming stable. The average price of single-family houses in Calgary went down from $472,230 in 2007 to $460,327 in 2008.

The average sales price of Calgary condominiums also went down from $316,370 in 2007 to $302,408 in 2008. Calgary Real Estate Board president Bonnie Wegerich however said buyers are starting to return to the market thanks to price adjustments, low unemployment rate and low interest rates. She has been in Calgary’s real estate industry since 1990.

She said last year’s real…

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Filed Under: Real Estate

Home Prices In UK To Further Go Down This Year

January 22, 2009
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The real estate industry should brace itself for another year of turmoil as home prices are expected to continue to decline in 2009.  While major lenders have refused to give their views and predictions as to how low the house prices will fall this year, there are bits and pieces of information that have slipped in the process revealing a grim prospect for the industry.

Predictions of the housing gloom in Britain went from 10 to 20% with the highest reduction percentage predicted by chartered financial planner Armstrong Davis which predicted gloom in the UK real estate market up to 2010 and 2011.

Halifax said the 15% decrease in home prices last…

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Filed Under: Real Estate Crisis

Dubai Still Ideal Destination For Real Estate Investors

January 21, 2009
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The global recession may have resulted to the downturn of the world’s real estate industry but not in Dubai. Dubai has remained the best destination for real estate investors because of a lot of factors including its ability to get juicy credits. To make sure that this remains true even during crunch time, the government of the United Arab Emirates continues to implement laws that are favorable to the convenient registration and transfer of property.

Dubai’s strengths as a real estate investor destination will be showcased during the 2009 International Property Show in Dubai which will be held from February 15 to 17. International real estate investors are expected to join…

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Filed Under: Real Estate Investment

REIT Ideal Hedge Versus Inflation

January 21, 2009
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If you want to have something to hedge against the rising inflation then invest in REIT or Real Estate Investment Trust, a company that does not only buy real estate but manages, develops and even sells it. Most people opt to directly invest in real estate but REIT is a better option. Choose a successful REIT to invest in because these companies offer higher yields to their investors. REITs are real estate portfolios that are professionally managed although of course there are always certain degrees of risk.

Before you decide to invest in a REIT it is best to consult with a financial adviser and a tax adviser first to make…

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Filed Under: Real Estate Investment
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