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A place fit for (a) Leo at $18.9M

Reportedly looking to free up some extra cash to scoop up Rupert Murdoch’s 8,700-square-foot, 11-bedroom, $35 million estate in Beverly Hills, Leonardo DiCaprio has relisted his seven-bedroom, six-bath Malibu beachfront home for $18.9 million,...

Agent latest to accuse San Diego mayor of sexual harassment

Caryl Iseman, an associate broker at Summit Realty Group in San Diego, is the 17th woman to accuse that city’s mayor, Bob Filner, of sexual harassment. Iseman said Filner groped her breast at a fundraiser...

Realtor.com adds new-home communities, NAR-branded listings

Consumers on realtor.com will now be able to search listings from thousands of new-home communities as the official website of the National Association of Realtors (NAR) begins to roll out some of the “historic”...

Sent from my iPhone. Please excuse any typos – and 5 other text bombs...

Sent from my iPhone. Please excuse any typos.  Really? OMG. Text messaging is now a common channel for communication. For many, it started becoming more mainstream as a younger generation took to texting as...

China officially on bubble-watch?

China’s housing prices, which have jumped for new residential units in 69 of China’s 70 largest cities in July from a year ago, are causing some to suspect the Eastern power is suffering a...

Broker-priest gives voice to disillusioned agents

Just recently Barry Smith received a rather jarring voice mail. “It is disgusting. It is almost like you are portraying the devil,” the caller said in a quavering voice, according to Smith, owner of...

FHA eases rules for some credit-impaired applicants

In a move designed to more fairly treat borrowers whose credit reports contain collections actions and disputed debt accounts, the Federal Housing Administration has eased previous rules that would have led to large numbers...

As prices, rates rise, affordability falls

The good-deal days in housing are waning as interest rates on 30-year fixed-rate mortgages approach 5 percent and home prices maintain their steady crawl upward, USA Today reported. A majority of housing is still...

Housing recovery tempered by gun-shy banks

Rates are low, demand is up, but the housing industry’s recovery is slower than what it could be thanks to banks overly cautious in their lending practices after paying government fines and losing lawsuits...

Mortgage originations rise 8% in Q2

Mortgage lenders originated an estimated $502 billion in loans in the second quarter, up 2 percent from the first quarter and 8 percent from second-quarter 2012, according to Mortgage Daily’s Mortgage Lender Ranking. Wells Fargo...
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