real estate

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Welcome to the Depressing New Real-Estate Game

Faraway investors scoop up abandoned homes online to make a quick buck

(Newser) - A story in the New Republic pronounces "a new era of real estate speculation" in the US, one that's taking a depressing toll on poor neighborhoods across the country. Two factors are at play: the housing bust of 2008, which left a glut of abandoned properties on the... More »

Inventor of Voicemail Says Everything Must Go

Scott Jones is throwing a serious estate sale

(Newser) - Tech titan Scott Jones, best known for inventing voicemail and founding the search engine ChaCha, is moving on. The Indiana native has spent most of the past two years in Hawaii, and now he's decided to sell the Indiana house, which he has been renting out on Airbnb, for... More »

One State Dominates Best Real-Estate Markets

Frisco is your best bet, but 4 other Texas cities crack top 10

(Newser) - A bit of good news for Texas, which has been making headlines over the past few days for the devastation wrought by Hurricane Harvey . The Lone Star State dominates WalletHub's top 10 slots in its ranking for the best real-estate markets in the US, with Frisco taking the No.... More »

Report: Moscow Trump Tower Was Discussed Amid Campaign

Real estate deal apparently fell through, per 'WaPo' report

(Newser) - "Can you believe two guys from Brooklyn are going to elect a president?" That's a paraphrased remark in a November 2015 email from a Russian-born real estate developer to Trump Organization exec Michael Cohen, which the Washington Post reports was part of the business' effort to develop a... More »

This Is America's Priciest Home for Sale—by Far

Chartwell Estate has an asking price of $350M

(Newser) - With $350 million, you could buy 25 million acres in Australia and still have money left over. Or you could indulge in 10 acres in California. The Chartwell Estate, a 25,000-square-foot mansion in the Bel Air neighborhood of Los Angeles, has hit the market for a whopping $350 million,... More »

Couple Buys Mansion-Lined San Francisco Street for $90K

New landlords could charge residents for street parking

(Newser) - A real estate-savvy couple is now the proud owner of the streets and sidewalks of uber-wealthy, uber-exclusive San Francisco gated community Presidio Terrace. But residents of the 35 mega-mansions lining the private, oval-shaped street are pushing back, reports the San Francisco Chronicle . South Bay couple Tina Lam and Michael Cheng... More »

You Can Now Own the Charlotte's Web Farm

44-acre property in Maine once owned by EB White is up for sale

(Newser) - A piece of Americana is up for sale in Maine: The farm on which EB White lived and used as a setting for Charlotte's Web is on the market for $3.7 million, reports the Portland Press Herald . Owners Mary and Robert Gallant say they're reluctantly selling the... More »

$51M Foreclosure Signals Bad News in Luxury Market

NYC penthouse is the second multi-million dollar unit to go into foreclosure this month

(Newser) - Billionaire’s Row is having some major first world problems. According to CNBC , the owner of Apartment 79, a full-floor penthouse that spans more than 6,000 square feet and overlooks Central Park, has defaulted on the nearly $51 million home. The luxury apartment at One57 tower, located in a... More »

No One Knows Why Trump Owns Mystery Florida Plot

Quarter-acre lot in Sebring is covered in protected grass, worth less than $5K

(Newser) - Donald Trump owns property around the globe, but his oddest piece of land apparently sits just 120 miles from his Mar-a-Lago estate. In one of Florida's poorest counties is an inaccessible quarter-acre plot Trump purchased for $1 in 2005 and has maintained ever since. The wooded lot in Sebring,... More »

This Mansion Is Expensive Even for Billionaires

Italian-style villa in San Francisco has 8 marble fireplaces

(Newser) - Everybody knows it's expensive to live in San Francisco, but the cost of real estate may finally be too high for even its wealthiest residents. Business Insider reports on a mansion in Cow Hollow, a posh neighborhood on the edge of "Billionaire's Row," that's been... More »

$12.7M Hamptons Home Comes With Grisly History

Prospective buyers may want to watch murder documentary first

(Newser) - A sprawling six-bedroom home recently put up for sale in East Hampton, NY, doesn’t just come with a hefty $12.7 million price tag. Featured in the 2012 documentary 59 Middle Lane , the AP reports the Tudor mansion was once the home of millionaire Wall Street financier Ted Ammon,... More »

The Obamas Are No Longer Renters

They bought the DC home of NFL exec Joe Lockhart for $8.1M

(Newser) - It's not the White House, but Barack and Michelle Obama clearly aren't too disappointed with their new Washington, DC, home : After renting it for several months, they've opted to buy it, reports People . The Obamas purchased the 8,200-square-foot home in the Kalorama neighborhood this week for... More »

Zillow Offers $1M Prize for Algorithm Improvement

It wants results closer to real sale prices

(Newser) - Zillow says its "Zestimate" home valuation algorithm needs some work—and it is willing to pay $1 million to whoever can improve it the most. The company has announced the " Zillow Prize " for the person or team who can make the "algorithm that changed the world... More »

SC Home's Mystery Tenant Actually a Genius

Randall McKissick is childhood friend of the owner

(Newser) - There's no ghost in the upstairs apartment of a home listed for sale on Zillow as coming with a tenant who's never paid. Rather, the place is home to something far less sinister: a kindly grandfather who happens to be what the State calls an artistic genius. Before... More »

SC Home Comes With Tenant Who Doesn't Pay

'It does not make sense, please don't bother asking'

(Newser) - Your dream home could await in Cayce, SC—if you don't mind living in the same home as a mysterious stranger who is rarely seen and doesn't pay rent. There's no truth-bending to a real estate ad for the $130,000 property on Zillow : It warns that... More »

NSFW Ad for $100M Home Stars Gold- Coated Women

Beverly Hills residence has champagne vault, car museum, and a really weird sales video

(Newser) - "Come for the sale ... Stay for the sexy fantasy chicks!" That's the way TMZ plugs a bizarre video trying to sell what's being touted as Beverly Hills' most expensive home: a $100 million retreat called Opus, the brainchild of film producer Nile Niami, per People . The... More »

Woman From China Said to Be Mystery Buyer of Trump Childhood Home

Trump Birth House LLC spent $2.14M for the Jamaica Estates abode

(Newser) - Someone has agreed to hand over $2.14 million for President Trump's childhood home in Queens—and an unnamed neighbor tells the New York Times she's witnessed suited-up people pulling up to the Jamaica Estates home in black luxury SUVs and speaking Chinese since the secretive deal went... More »

$5M Picnic Basket May Soon Be Available at a Bargain

Ohio county seeking foreclosure to pay off $700K bill

(Newser) - Know anyone so fond of picnics they'd want to take up residence in a building shaped like a picnic basket? With $700,000, they might get the opportunity. After nine months on the real estate market, the "Big Basket" office building in Newark, Ohio, seems destined for a... More »

Grey Gardens Is for Sale

The house was made famous in a 1975 documentary and 2009 movie

(Newser) - A home in East Hampton made famous in a 1975 documentary—and again in an Emmy-winning 2009 HBO movie starring Jessica Lange and Drew Barrymore, and yet again in a Broadway musical—is for sale for the first time since 1979. That's right, Grey Gardens could be yours for... More »

This Could Be the Most Expensive Home in US

It's listed for $250M

(Newser) - "No one has built homes for billionaires," developer Bruce Makowsky tells Bloomberg . Until now, apparently. According to the Hollywood Reporter , Makowsky has built and listed a $250 million mansion in Bel Air that—if it gets the asking price—would be the most expensive home ever sold in... More »

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