-
Tariffs, Mortgage Rates, And High Housing Costs Have Caused Builders To Change Strategy On New Home Construction
Thursday, February 27, 2025 - 12:15pm | 1237Tariffs, elevated mortgage rates, and the cost of maintaining a home amid soaring insurance and energy costs have caused pessimism amongst the home builders tasked with adding housing inventory. The information comes from the National Association of Home Builders NAHB/Wells Fargo Housing Market...
-
Ellen DeGeneres and Portia de Rossi's Quest For A UK Home Continues After Their $18 Million Farmhouse Purchase Runs into Problems.
Thursday, February 27, 2025 - 9:00am | 1028Comedian and former talk show host Ellen DeGeneres has a reputation for moving in and out of homes at a clip. However, she has surely broken her own record after moving to the UK in the wake of Donald Trump‘s election win and purchasing an $18 million residence in the leafy Cotswolds. However...
-
Following Wildfires, California Homeowners Face Insurance Rate Hikes As 660,000 Policies Get More Expensive
Wednesday, February 26, 2025 - 5:30pm | 994California’s devastating wildfires have pushed the state’s insurance crisis to new heights, with two major carriers announcing rate increases affecting 660,000 policyholders amid estimated fire damages exceeding $250 billion. The fires, which claimed 28 lives and destroyed more than 15,...
-
How Fire Resistant Features Helped This Home Survive The Palisades Fire
Wednesday, February 26, 2025 - 1:00pm | 977LA's Pacific Palisades Fire wreaked unimaginable damage on its way to destroying thousands of homes in the exclusive enclave, but some homes survived despite being directly in the fire's path. It was more than luck. One belonged to an architect who foresaw the danger and designed his home with...
-
'It's All About Payback'—Trump Moves To Shut Down And Sell San Francisco's 'Nancy Pelosi Federal Building'
Wednesday, February 26, 2025 - 9:30am | 697Two major federal buildings in San Francisco, including the one named after Nancy Pelosi, may soon be sold off as part of President Donald Trump's effort to shrink the federal government's real estate footprint. According to the San Francisco Chronicle, the administration is targeting these...
-
Selena Gomez And Benny Blanco Buy $35 Million Beverly Hills Estate To Add To Their Splashy Property Portfolio
Tuesday, February 25, 2025 - 8:00pm | 1038As far as engagement presents go, a $35 million Beverly Hills estate takes some beating. That’s the lavish gift Selena Gomez and music producer Benny Blanco bought themselves in the same month they announced they were due to be hitched. According to Realtor.com, Gomez, 32, and Blanco, 36,...
-
Factory Built Homes From Airbnb Billionaire Offers Fast Solution For LA Fire Victims
Tuesday, February 25, 2025 - 2:00pm | 1167Prefabricated, factory-built homes could be arriving to aid LA fire victims much faster than many predicted. Bloomberg reported that Joe Gebbia, the billionaire co-founder of Airbnb (NASDAQ:ABNB) and a board member of Tesla (NASDAQ:TSLA) plans to donate $15 million to Steadfast LA, a foundation...
-
John Legend & Chrissy Teigen Plan To Quit LA For New York After Wildfires. They Can Take Their Pick With $100 Million Fortune
Saturday, February 22, 2025 - 4:00pm | 849Singer-songwriter John Legend famously sang, “We’re just ordinary people,” but he and his wife, Chrissy Teigen, have far-from-ordinary bank accounts. It’s just as well because after the L.A. wildfires, the soulful crooner, 46, told The Wall Street Journal, the family is...
-
Michael Jordan's Former $9.5 Million Chicago Megamansion Is Now A $230,000/Month Rental As Its New Owner Sells Off Pieces Of The Property
Friday, February 21, 2025 - 10:00pm | 791Michael Jordan's legendary Chicago estate has taken on a new life under its latest owner. After sitting on the market for over a decade, the sprawling Highland Park mansion finally sold for $9.5 million in December. But instead of keeping it as a private home, the new buyer, John Cooper, is already...
-
Jason Statham Lists Beverly Hills Home For $20 Million. Here's A Look At The British Action Hero's Real Estate Portfolio
Friday, February 21, 2025 - 12:45pm | 969Action hero Jason Statham is used to uncovering some unlikely scenarios in his movies, but he probably never imagined he’d come across one in real life. That happened when he and model wife Rosie Huntington-Whiteley listed their Beverly Hills home for $19.9 million—10 years after they...
-
Rent Now Costs 90% Of Minimum Wage—Can You Afford Anything Else?
Friday, February 21, 2025 - 9:00am | 1029Living on minimum wage in 2024 isn't just tough—it's nearly impossible. New data shows that rent alone takes up 90% of a full-time minimum wage earner's paycheck. And that's before food, utilities, transportation, or any other basic expenses. Minimum Wage Hasn’t Kept Up—Not Even Close The...
-
Haacked Off! HGTV Star Christina Haack De-Lists $4.5 Farmhouse Amid Divorce Battle. Here's How Much Of Her $25 Million Net Worth Is Up For Grabs
Thursday, February 20, 2025 - 9:30am | 989HGTV star Christina Haack is known for flipping houses. However, amid a contentious divorce from husband number three, she’s also seen a few spouses come and go. Unfortunately, these haven’t proved as profitable as her real estate transactions. According to Realtor.com, the...
-
Is The Sunshine Worth The Price Premium? Today's Homebuyers In LA, SF and SD Spend Almost 78% Of Their Income On Mortgage Payments
Thursday, February 20, 2025 - 9:00am | 1039When you apply for a mortgage, the rule of thumb is that your payment should not exceed more than 30% of your income. This ratio is important because borrowers whose mortgage exceeds 30% of their income are at increased risk of foreclosure. Unfortunately for many California buyers, high property...
-
Fire-Ravaged Properties In Pacific Palisades And Altadena Selling For 50% to 70% Less Than Their Peak Value
Wednesday, February 19, 2025 - 11:00pm | 1001Property owners whose homes were damaged or destroyed by the fires in Los Angeles' Pacific Palisades and Altadena find themselves facing an impossible choice. Rebuild and expose themselves to the risk of another fire or sell their properties for between 50% to 70% less than their peak value before...
-
Hot Pockets To Hot Profits—Billionaire Inventor Of Popular Snack Puts Newport Coast Mansion On The Market For $40 Million
Wednesday, February 19, 2025 - 10:00pm | 872You may not have heard of Paul Merage, but you are likely familiar with his worth and it's quite possible you have contributed to his fortune. Merage is the man who invented the immensely popular Hot Pockets snacks that have become fixtures in vending machines and freezers all over the country. Now...