Discounts and price cuts occur all the time in real estate, especially for homes that have spent some time on the market. Those discounts, however, usually register in the thousands — occasionally a couple of million. But a $25 million price cut? That’s significant no matter how you look at it. The late Gianni Versace’s former Miami home has had not one, but two of these significant price cuts. The house, known as Casa Casuarina, first hit the market with […]

Buying a home will probably be the largest purchase you will make in your entire life. While home ownership is part of the American dream, it is a really big commitment and you need to be sure you have checked off all of the boxes to be sure you are ready. You have done your research Before you start house hunting, you need to do the proper research so you are a well-informed buyer. Once you identify your target area, […]

If you’re looking to buy a home right now, you’d better find some cash and you’d better find it fast. Right now homebuyers across the country, already in frenzied bidding wars for homes, are increasingly losing out to the almighty all-cash buyer. “I had one couple, that was very well-qualified but would require a mortgage, put offers on four properties that were all sold to somebody else who paid cash,” says Bruce Taylor, president of ERA Key Realty Services in […]

The percentage of homes for sale has risen 25 percent this year and housing inventories have started to outpace typical seasonal upticks, realtor.com® reports. Rising home prices likely are encouraging more home sellers to test out the market. The inventory crunch may be showing signs of easing with listings rising 5.8 percent in May. Still, the number of homes for sale is low by historical standards. Listings in May are still 10 percent below year-ago levels. The places where the […]

Fiscal headwinds are expected to keep growth to below 2% for the first half of the year. However, as fiscal drags wane in the second half of 2014, growth should continue to move in the positive direction during an ongoing housing recovery, according to the Fannie Mae latest housing outlook report. Housing was largely positive entering the spring and summer season, with various indicators such as home prices, home sales and homebuilding activity showing signs of long-term improvement toward normalcy. […]

A couple in Yakima, Wash., pleaded not guilty this week to charges of stalking and attacking a real estate agent in a vacant house. Luis Gomez-Monges, 38, and Adriana Mendez, 23, pleaded not guilty to charges of attempted first-degree murder and first-degree assault of a 78-year-old real estate agent. According to police reports, the couple allegedly posed as prospective buyers and asked for Vern Holbrook, a real estate professional with Aspen Real Estate. A colleague of Holbrook’s later discovered him […]

Foreclosure filings which include default notices, scheduled auctions, and bank repossessions—increased 2 percent in May, rising from a 75-month low in April, according to the latest foreclosure report from RealtyTrac. Still, foreclosure filings are down 28 percent from a year ago. The May increase was largely attributed to an 11 percent increase in bank repossessions. Foreclosure starts also ticked up 4 percent in May over last month, with 26 states posting increases, according to the report. “Foreclosure activity continued to […]

Sparse housing supply coupled with strong buyer demand left many homebuyers frustrated as rates continued to inch up and buyers felt the heat to buy now. However, according to data from Realtor.com, as the hot spring buying season moves into summer, some regions are seeing a replenishing of for-sale homes as sellers begin to respond to pent up demand. This is a relief for many after housing inventory hovered around levels not seen in nearly 10 years even as recent […]

Jesse is a Broker Owner of Realty Executives Success. He has been a Realtor for about ten years. Jesse has earned many top ten sales honors, “Rookie of the Year” his first year in business and “Best of the Best” honors by The Daily Journal. Jesse attended Bay State College in Boston, and he also earned the prestigious Residential Marketing Masters designation. Using this designation helps him develop a dynamic marketing campaign on each of his listings. He has a […]

Gays and lesbians who want babies are flocking from as far away as France and Israel to conceive their dream of becoming parents using donor eggs, donor sperm and surrogates something not allowed in their home countries. The USA is a top market for gay-friendly surrogacy, and a growing number of couples come from overseas, creating a burgeoning travel segment commonly called medical tourism. Oregon Reproductive Medicine, a Portland fertility clinic, made USA Today for their success rate in helping […]