Despite home price growth softening in some of the nation’s most expensive markets, it’s still a seller’s market according to an Attom Data Solutions report released on Thursday.
The average homeowner who sold their home in 2019 experienced a home price gain of $65,500 — representing a whopping 34 percent return on investment compared to the original purchase price.
Three weeks ago, it appeared as though Steve Frankel, an agent who has generated nearly $100 million in sales vo
lume, was set to follow in the footsteps of Chris Cortazzo and Ginger Glass in jumping from Coldwell Banker NRT to Compass.
But after just three weeks at Compass, Frankel has returned to Coldwell Banker.
On Wednesday, Arvin Haddad, Emil Hartoonian and Mauricio Umansky of The Agency listed a contemporary “Frank Lloyd Wright-meets-Mondrian” six-bed, eleven-bath craftsman in Hidden Hills, California, for $26.5 million.
While Hidden Hills has been home to celebrities in the past (like Kim Kardashian), this listing has a different kind of celebrity status that sets it apart: a 5,000-square-foot Star Wars-themed basement entertainment complex and home theater.
As rent growth reaches untenable levels in some of America’s most populous and popular cities, renters are turning their sights to nearby satellite cities with similar amenities and lower housing prices.
According to a Zumper rental market analysis released Thursday, Oakland, California; Scottsdale, Arizona; and St. Paul, Minnesota, are experiencing higher levels of renter demand than their nearby, more expensive neighbors.
The former home of an accused serial killer is currently sitting on the market in Massachusetts, and this week it appears to have traumatized an unwitting couple and an agent who were on the hunt for a good deal.
The home in question is located in Springfield, Massachusetts, about an hour and a half west of Boston. The listing — which is visible on Zillow and other online portals — describes the 1,026-square-foot property as “cozy,” “well cared for,” and a “great house for first time buyers.” It has two bedrooms, one bath and is asking $137,500.
What the listing doesn’t mention, however, is that it is also the former home of accused killer Stewart Weldon. Police arrested Weldon in May 2018 after he fled from an officer who tried to pull him over for a busted tail light. When officers finally caught him, they found a woman in his back seat who said she had been tortured, raped and beaten in the home.
The home of former president Ronald Reagan and his first wife, Jane Wyman, has hit the market in the Los Angeles area for $6.75 million.
The Colonial-style home in the Los Angeles neighborhood of Little Holmby was built in 1938 and, sometime in the 1940s, purchased by the couple, according to the Los Angeles Times. At the time, both were Hollywood actors, with Reagan starring in films such as “The Voice of the Turtle” and “John Loves Mary.” Wyman had recently signed a contract with Warner Brothers.