The Mountain of Beverly Hills, which hit the market last year with a bang for a record $1 billion, has fizzled out, selling for just $100,000 at a foreclosure auction. The buyer and only bidder was the lender, an entity linked to the Mark Hughes Trust. The Wall Street Journal first reported the story. The sale marks a monumental disappointment for the Mountain’s now former owner, Secured […]

Real estate pros and economic pundits spent the better part of last week trying to decipher the greater implications of the treasury yield inversion, an economic indicator that has historically preceded a recession. But earlier this year a different set of benchmark rates inverted, and it’s already had a significant impact on one sector of the real estate market: residential-mortgage real […]

Embattled casino mogul Steve Wynn paid $43 million for an oceanfront estate in Palm Beach, property records show. Emma Cisneros of 1960 South Ocean Blvd. LLC, part of the billionaire Venezuelan family that owns a media conglomerate, sold the eight-bedroom, 24,600-square-foot mansion at 1960 South Ocean Boulevard. The buyer is 1960 LLC, in the care of a Las Vegas company tied to Wynn’s Wynn […]

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,  “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the […]

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in […]

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased […]

Realtor.com introduces new tools that calculate monthly mortgage payments  Mortgage Professional AmericaThe tools aim to help first-time homebuyers stay within their budget. […]

Carbon County Board of Realtors awards announced | Local News  RawlinstimesCARBON COUNTY – The Carbon County Board of Realtors is announced that their annual Business Person of the Year and Realtor of the Year awards were ... […]

Aaron Layman: Realtors' dues wasted on A&M center's research  Denton Record ChronicleThe first rule of Fight Club is: You do not talk about Fight Club.&rdquo […]