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2014-12-19T16:12:23Z


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2014-12-19T16:12:23Z
© 2014


Celebrity Real Estate: Bruce Willis, Rosie O'Donnell, Andy Garcia

Celebrity Real Estate: Bruce Willis, Andy Garcia
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By Laura Vecsey


Bruce & Rosie Snag Buyers in NYC

First, Rosie O'Donnell scored a $9 million sale on her 3,200-square-foot Greenwich Village apartment. Then it was Bruce Willis' turn to gobble up a contract on his $12.995 million apartment on the Upper West Side.

All in all, a good December for two of NYC's more colorful (former) residents.

Both O'Donnell and Willis had owned their respective apartments for about two years, but, for different reasons, decided to part ways with their city abodes, both of which had undergone renovations by their celebrity owners.

O'Donnell bought her pad in 2012 for $8 million after returning from Chicago, where her daytime talk show failed. However, after another big family move to New Jersey to access a school for her son Blake, Rosie decided to set up house in NYC and in Nyack, where she owned a compound of homes.

Willis, meanwhile, bought the 3-bedroom, 3.5-bathroom unit in the El Dorado on the Upper West Side from U2 bassist Adam Clayton in 2013 for $8.9 million. But after a massive remodel, Willis and his wife, Emma Heming, found the apartment too small, so they listed and found a buyer within a week.

No word yet on where Willis will look for another NYC apartment. He and Heming have a 23-acre estate in Bedford, N.Y., about an hour north of Manhattan.

Rent Andy Garcia's Own 'Little Havana' In Key Biscayne

Normalized relations by the United States with Cuba announced this week by President Barack Obama will bring an end to the Cold War-era hostilities between the two countries. For Cuban native Andy Garcia, who fled the island as a child after Fidel Castro took over, Miami has long been his second home.

Now the low-key actor who played Vincent Corleone in 'The Godfather Part III' is renting out a 9,084-square-foot estate in Key Biscayne, Fla. The 4-bedroom. 5.5-bathroom property is described as having the 'charming and delightful aura of a vintage Cuban estate.' There's also a pool, dock and a master suite with a lagoon view.

2014-12-12T15:03:40Z
© 2014


Celebrity Real Estate: Moby, Ozzie and Harriet Home

Celebrity Real Estate: Moby, Ozzie and Harriet
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Moby Scales Down in L.A.

Moby has pumped out all kinds of sample-infused electronic music over the years, but he does have other passions, including animal rights activism and … real estate. Now the descendant of Herman Melville has made another housing switch, trading a sprawling 3.31-acre Hollywood Hills compound with a castle known as the Wolf's Lair for a smaller Tudor nearby.

According to reports, Moby sold the famous 1927-era Lair this fall for $12.4 million — possibly to graffiti artist Banksy. Moby paid almost $4 million for the property in 2010, and then spent about $2 million renovating it.

He's now ensconced in a more modest $2.9 million home that has 4 bedrooms, 6 bathrooms and opens onto some pretty nice outdoor space, including a pool with a wraparound deck.

Earlier this year, Moby reportedly sold a Manhattan apartment for just over $2 million. In 2012, he was reported to have sold a New York penthouse for almost $6 million. He has also owned a pretty interesting modern home in the upstate New York town of Carmel.

Remodeled "Ozzie and Harriet" Home Sold

The famous 'Ozzie and Harriet' home recently sold for over its asking price, this time without many of the details so prominently displayed on television for years. The final price was $5.25 million.

The iconic home for more than a decade of America's first television family was remodeled extensively for the modern household and listed for $4.995 million. The house has also shown up on 'Entourage,' serving as Ari Gold's home.

Ozzie's wood-paneled pub still had his precious toy train and previous owners claimed it liked to run on its own. Adding to the rumor that the house was haunted, previous owners have also stated the drawer next to the sink mysteriously opened in the middle of the night, presumably for Ozzie's midnight bowl of ice cream.

2014-12-05T10:09:30Z
© 2014


Celebrity Real Estate: Ringo Starr, Idina Menzel, Mickey Rooney

Celebrity Real Estate: Ringo Starr, Idina Menzel
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By Laura Vecsey

Ringo Starr Lists in Colorado

Fresh off selling their English estate in Surrey, Ringo Starr and his wife, Barbara Bach, are looking to scale back their U.S. real estate holdings as well by listing their Colorado ranch north of Aspen.

The 15.8-acre estate located on the banks of the Roaring Fork River is listed for $3.85 million. Nicknamed the 'Shoot N' Star Ranch,' Ringo and Barbara have owned the 3-bedroom, 3-bathroom house since 1991.

According to The Sunday Times, Starr and Bach plan to divide their time between London and Los Angeles. They reportedly own a flat off King's Road in London, and a Beverly Hills home near Jennifer Aniston's former house.

They Have Let It Go

Idina Menzel and estranged husband Taye Diggs have sold their Studio City home for $2.555 million. The Hollywood couple called it quits on the 10-year marriage last winter amidst the heady success of the animated movie 'Frozen,' in which Menzel sings the lead part that sparked endless sing-alongs in living rooms of little girls across the country.

The 6-bedroom, 5-bathroom home sprawls 5,000 square feet and had been listed for $2.995 million.

Rooney's Former Home For Sale

One of the last homes where legendary actor Mickey Rooney lived before he passed away at age 93 is back on the market for $2.495 million following a massive remodel.

The 3,200-square-foot home in Westlake Village just north of Malibu sold in April 2013 for just over $1 million, but since then, the 1976-era home has seen almost every square inch upgraded, including a state-of-the-art kitchen. The only telltale sign that Rooney lived there: A commemorative plaque and fountain on the property.

2014-11-26T14:45:54Z
© 2014


Mortgage Rates Ease Following Weak European Economic Data

Mortgage Rates Ease Following Weak European Econom
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, down from 3.82 percent at this same time last week.

The 30-year fixed mortgage rate fell steadily last week before settling at the current rate.

'Rates eased last week on Europe's weak economic data and the unexpected rate cut from China's central bank,' said Erin Lantz, vice president of mortgages at Zillow. 'Looking ahead, with several important U.S. data reports scheduled for release, we expect modest volatility in this holiday-shortened week.'

Additionally, the 15-year fixed mortgage rate this morning was 2.96 percent, and for 5/1 ARMs, the rate was 2.78 percent.

2014-11-26T14:25:40Z
© 2014


Celebrity Real Estate: Lauren Bacall, Robert Pattinson, Debra Messing

Celebrity Real Estate: Lauren Bacall, Pattinson
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Lauren Bacall's Iconic New York Apartment Just Listed

Classic Hollywood icon Lauren Bacall's equally-iconic, long-time residence in New York is for sale following the actress' August death at age 89.

Bacall purchased the elegant apartment in New York's famed Dakota building after the death of her first husband, Humphrey Bogart, in 1957. She quickly wearied of the Hollywood scene and wished to move back to New York City. Bacall reportedly called her business manager and told him to cash in all of her stock. She had her eye on the Dakota and purchased the stunning apartment for a mere $48,000, an acquisition that served the actress well the rest of her life.

The uniqueness of this apartment can hardly be overstated, even for the Dakota. A private mahogany vestibule opens into the apartment, where five rooms have a combined 100 feet of Central Park views. An original fireplace is a stunning centerpiece, as are all of the original 19th-century details, including 13-foot ceilings, original pocket doors throughout the house, hard wood flooring, butler's pantry, built-ins and a Juliet balcony that overlooks the Park, to mention a few. Having lived here since the 1960s, Bacall hardly made any changes and the original floor plan is still intact.

Other famous Dakota residents include John Lennon and Yoko Ono, Judy Garland, Roberta Flack, Connie Chung and John Madden. There are even reports of supernatural inhabitants of the building where John Lennon was killed just outside the gate. Yoko Ono still lives at the Dakota but has had trouble selling her other New York penthouse.

Pattinson No Longer Living in 'Twilight'

With a new girlfriend in tow, English actor Robert Pattinson is the new owner of a two-bedroom home in the Hollywood Hills.

According to Variety, the house was purchased under a trust for $2.176 million and fits Pattinson's preferred style: Spanish Colonial. The low-slung hacienda sports vintage terra-cotta tile, wood flooring, curved archways and custom built-ins.

With this move, Pattinson further distances himself from the snag he hit in his Los Feliz home, the one he shared with Kristen Stewart until she so notoriously cheated on him. Pattinson sold that home to 'Big Bang Theory' star Jim Parsons.

No Messing Around

Debra Messing is starring as New York Police Department homicide detective in 'The Mysteries of Laura' on NBC, but in real life, she needed some new digs. With her two-and-a-half-year relationship with actor Will Chase kaput, Messing has moved on. Literally.

The actress paid $5.45 million for an elegant eighth-floor co-op on the Upper East Side. The prewar building boasts old-school style with its 10-foot ceilings and has a master suite plus three additional bedrooms.

Messing, best known for her starring role in 'Will & Grace,' has been a busy real estate buyer and seller. She recently sold her L.A.-area home for $11.4 million.

2014-11-20T10:42:50Z
© 2014


Celebrity Real Estate: Renee Zellweger, Jon Stewart, Alan Cumming

Celebrity Real Estate: Renee Zellweger
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By Laura Vecsey

Zellweger Selling Hamptons Home

Frist she listed her historic Connecticut property for sale. Now the Academy Award-winning actress has listed her East Hampton home for $4.45 million. Located just a few blocks from the ocean, the newly-renovated retreat has 3 bedrooms, a den, 2-car garage and loft.

It's No Joke: Jon Stewart Sets Record Sale

Comedy Central star Jon Stewart of 'The Daily Show' may have been laughing all the way to the bank after he snagged $17.5 million for his lower Manhattan penthouse. The New York Times reported that it was the highest-priced sale in the city for the week.

Stewart bought the 5,800-square-foot duplex at 161 Hudson Street in 2005 for $5.8 million, but saw a whopping $3,000-per-square-foot deal close on the massive 9A/9B unit. The penthouse is inside a 1911 building that had been converted to 24 loft units in 2003. The Tribeca building has also been home to the likes of actor Jeremy Piven and former NY Mets catcher Mike Piazza.

Cumming Sells Small Abode Way Off Broadway

Alan Cumming's penthouse studio at 7 Lexington Ave across from the Gramercy Park Hotel has sold for $762,500. 'The Good Wife' and 'Cabaret' star quietly owns two other properties in Manhattan, so the renovated alcove studio was ready for its final curtain. Cumming bought the property in 2011 for $580,000, but has since found a new home in the East Village.

2014-11-07T14:42:56Z
© 2014


Celebrity Real Estate: Taylor Swift, Tom Cruise, Jeff Gordon

Celebrity Real Estate: Taylor Swift, Tom Cruise
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By Laura Vecsey

Taylor Swift Shaking It Off In High Style

While native New Yorkers may have their feathers in a flap over Taylor Swift's Big Apple invasion, you have to hand it to the savvy songstress. When she buys real estate, whether in Nashville, Beverly Hills or Rhode Island, she's goes big and calls it home.

Swift recently purchased a Tribeca penthouse from 'Lord of the Rings' movie maestro Peter Jackson. Rolling Stone made a stop at the apartment recently, now that Swift is promoting her new album, '1989,' and has been a fixture on all sorts of magazine covers and the occasional New York Knicks' games.

Swift's NYC digs cost her $19.95 million and leaves her no shortage of room to hang with buddies like Ed Sheeran. There are 7 bedrooms, 5.5 bathrooms and a cool warehouse-loft feel with exposed brick and overhead beams. And given Swift's fastidious call for security, she is said to have purchased a smaller, 3-bedroom unit across the hall for her staff.

Tom Cruise, Jeff Gordon Selling Big Colorado Estates

The Tom half of TomKat is looking to unload his Telluride estate. The price is $59 million for the cedar and stone estate that the Hollywood star designed and built back in 1994.

With no wife these days, his two older children grown and daughter Suri with Katie Holmes most of the time, Cruise has little need or time for the Colorado spread.

The estate includes 298 acres of national forest land and the nearly 10,000-square-foot main residence has 4 bedrooms and 6 full bathrooms. There's also a 1,600-square-foot guesthouse with 3 bedrooms and 3 full baths.

Meanwhile, another pretty-faced thrill-seeking star is looking to unload his Colorado ranch. NASCAR king Jeff Gordon has dropped the price of his 1,930-acre ranch in Missouri Heights, north of Aspen.

Gordon originally listed for $12.5 million in May 2013 and knocked down to $10.95 million last October. The eternally verdant land is now priced at $10.5 million. In addition to killer alpine views, one major draw of Gordon's ranch is its ample water rights and no conservation restrictions.


2014-10-31T15:44:07Z
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Celebrity Real Estate: Catherine Zeta-Jones, Michael Douglas, Bruce Willis

Celebrity Real Estate: Catherine Zeta-Jones
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By Laura Vecsey

Celebrities Picking Up Bedford, NY Properties

Now here's a threesome: Catherine Zeta-Jones, Michael Douglas and Bruce Willis.

Well, not completely together, but in the same tony area of Bedford, New York.

After reconciling, Zeta-Jones and Douglas have sold one Bedford area home and bought another for $11.25 million - perhaps a way for the Oscar winners to make a fresh start in a bigger, better Colonial in Westchester County, about an hour north of New York City.

How hot is Bedford? Hot enough to attract yet another Hollywood star.

Willis has purchased a hilltop property overlooking the bucolic Croton Reservoir for $12 million. The estate has 5 bedrooms, 6 baths, a pool and heated cabana. He also purchased adjoining properties that include an additional 8 acres and 2 guest cottages.

The spread gives Willis an option for when he and his family need a break from the sumptuous Central Park West apartment he bought from U2 bassist Adam Clayton.

Willis has long been a fan of country living. In fact, he owned tons of property in Hailey, ID dating back to when he was married to Demi Moore. But his new place still gives Willis room to roam: 22.32 acres on one of the highest points in Bedford.

As for Zeta-Jones and Douglas: Their new digs come in the form of a 19th-century estate that spans 15,458 square feet and includes 8 bedrooms, 13.5 baths, equestrian facilities, gardens, greenhouse, tennis court and pool.

Other famous residents of Bedford include Bill and Hillary Clinton and Ryan Renyolds and Blake Lively.

2014-10-24T15:39:21Z
© 2014


Celebrity Real Estate: LeBron James, Elvis, Lady Gaga, Ted Turner

Celebrity Real Estate: LeBron James, Lady Gaga
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By Laura Vecsey

LeBron's Miami Vice House For Sale

He's definitely hot now that he's back home in Cleveland, so what good would a luxury home in Miami do anymore for LeBron James?

Not a lot, which is why the NBA great's waterfront home has hit the market for $17 million. That's well over the $9 million LeBron paid back in 2010, but hey, maybe the aura of those four NBA Finals appearances gives the place added value. The home has also been finished to the hilt and staged for maximum exposure.

The concrete concoction is being hailed as the 'most opulent estate in Miami' and sprawls over 12,000 square feet. There's a huge kitchen, wine cellar, movie theater and private sun deck on the roof accessible from the master bedroom. And, this being Miami, there's a concrete dock with ample room for not one but two 60-foot yachts.

Graceland West Hits The Real Estate Jungle

The Palm Springs residence of Elvis Presley that was dubbed 'Graceland West' is heading for auction. Any offer the owner receives in the next 10 days will become the starting bid, said listing agent Jeff Egan of Keller Williams Realty.

The house, currently priced by the lender at $2.59 million, measures 5,040 square feet with 5 bedrooms, 7 bathrooms, a wet bar, sauna and steam room. Many of the fixtures, decor and appliances are original.

Presley bought the home in 1970 because Palm Springs had always been a quiet place for him to escape, especially during the late summer and early fall. By '73, after the divorce from wife Priscilla, Presley began partying with his large entourage at the property, making use of a large hot tub and 2,000-square-foot wing.

After Presley's death in 1977, the home was sold to crooner Frankie Valli. Despite attempts to capitalize on Elvis's legacy, the home, which has had several owners since his passing, fell into foreclosure two years ago.

Reportedly, She Went Gaga In Malibu

She may be a native New York City girl who kicked it up in Brooklyn, but this time, Lady Gaga has looked west, where she reportedly bought her first California home for $22.5 million.

And in true Mama Monster spirit, Gaga went big: The $24.95 million home sits on six acres across from Malibu's prime Zuma Beach.

When Gaga isn't living for the applause on the beach, she can turn to her new 800-bottle wine cellar, a home theater and the bonus: A 1960s era bowling alley.

Ted Turner Lists His S.C. Coastal Island

For the man who's the second largest private landowner in all of North America with over 2 million acres to his name, what's the big deal about listing for sale a coastal Carolina vacation spot of a 'mere' 4,680 acres?

Well, even for Ted Turner, the CNN founder-turned-philanthropist, environmentalist and land baron, the listing of his pristine St. Philips Island comes with a few pangs.

For the past 35 years, Turner and his family and friends created a lot of nice memories on the white sand beaches, marshland and hills of this pristine oasis. But with less opportunity to get to the place - accessible only by boat near Beaufort and Hilton Head - the island is for sale for $23.777 million.

In addition to beaches, ponds, marshes and more than 1,000 acres of uplands, the property includes a 5-bedroom main house that Turner had built after he bought the place in 1979, plus a caretaker's house. The island has its own water and power supply, complete with generator.

Despite a conservancy easement from The Nature Conservancy that restricts use of the land, there is a provision that allows for 10 additional dwellings.

2014-10-15T15:04:40Z
© 2014


Mortgage Rates Plunge to Lowest Level in 16 Months

30-Year Fixed Mortgage Rates Plunge
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.81 percent, down from 3.96 percent at this same time last week.

The 30-year fixed mortgage rate dropped Wednesday, then hovered around 3.88 percent for most of the week before falling to the current rate.

'Rates dropped to the lowest level since June 2013 on news that the Federal Reserve has more reservations about the health of the U.S. and global economy than expected, which in turn, may delay rate hikes,' said Erin Lantz, vice president of mortgages at Zillow. 'With little economic news planned to overshadow the Fed's latest comments, this week we expect rates to fairly remain stable, hovering just shy of 4 percent.'

Additionally, the 15-year fixed mortgage rate this morning was 2.96 percent, and for 5/1 ARMs, the rate was 2.70 percent.

2014-10-09T10:06:14Z
© 2014


Celebrity Real Estate: Jake Gyllenhaal, Kelly Ripa, Michelle Williams

Celebrity Real Estate: Jake Gyllenhaal, Kelly Ripa
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By Laura Vecsey


Broadway Bound, Gyllenhaal Lists in L.A.

With a new gig in New York, it looks like Jake Gyllenhaal won't need his mid-century modern in Los Angeles. The 3-bedroom, 3-bathroom Hollywood Hills home has hit the market for $3.5 million.

The home's great room offers views of the city — 'sensational panoramic views,' according to the listing — and the outdoor space includes a patio, private yard and pool. It's nestled on almost two acres.

While Gyllenhaal has several movie winners under his belt, his next project is a Broadway production, Constellations, in which he'll co-star with Ruth Wilson.

Kelly Ripa Is No Longer Pent Up

Talk show host Kelly Ripa and her husband, Mark Consuelos, have parted with their swanky New York penthouse for $20 million.

The 5-bedroom SoHo apartment had been listed for as much as $24.5 million, but the couple settled on a pretty decent deal for the 6,792-square-foot residence that was all about high ceilings, a huge gourmet kitchen, two dining rooms and a big master suite.

In addition to a media room and 3,000-square-foot deck, the home included an indoor gym for the eternally fit and perky Ripa.


Michelle Williams' Brooklyn Home for Sale

She was an early adopter of the Boerum Hill neighborhood in Brooklyn back in 2005. And it was there on Smith Street that actress Michelle Williams stayed after the tragic death of her then-boyfriend Heath Ledger in 2008.

Now the 'My Week with Marilyn' star is ready to sell the corner home, which is listed for $7.5 million. The 4-story home is 22 feet wide and has a 3-car garage and a rooftop garden with a waterfall. It contains 6 bedrooms, 4.5 bathrooms and a 1,000-square-foot parlor.


Mayoral Rental

Who needs Brooklyn when you've got the Upper East Side and a swell home called Gracie Mansion?

Not the new mayor of New York City.

Mayor Bill de Blasio has listed his Brooklyn home for rent, now that he and his family have moved into the famed mayoral residence along the East River. The mayor's 4-bedroom, 1-bath home was the kind of working man's abode that fit de Blasio's populist image during last year's mayoral campaign. But now it's for rent for $4,975 a month, according to StreetEasy.

2014-09-26T21:15:59Z
© 2014


Celebrity Real Estate: Beyonce, Jay Z, Daryl Hannah

Celebrity Real Estate: Beyonce, Jay Z, Nancy Grace
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By Laura Vecsey

Los Angeles Rental Fit for King & Queen

Well, so what if the monthly rent was $200,000? The Los Angeles-area home that rapper Jay Z and his fierce wife Beyonce camped out in this summer was the picture of modern luxury.

Now that the touring twosome is onto Paris, the 16,000-square-foot spread they temporarily called home is on the market for $45 million in the exclusive Holmby Hills area of Tinseltown.

The big stars no doubt appreciated the European flair, including the 20-foot ceilings in the grand entryway, plus the 7 bedrooms, 8.5 bathrooms, the tennis court and pool.

Daryl Hannah Ready to Sell Malibu Retreat

It's not exactly built for a mermaid, but Daryl Hannah's Malibu retreat is quite unique. Now the 'Splash' star and long-time environmental activist is selling her sustainable retreat for $4.25 million.

The listing isn't on the MLS. The Los Angeles real estate group, The Agency, is quietly shopping the 17-acre estate.

The new attempt to sell the oasis comes as rumors of a romance between Hannah and rock master Neil Young.

While Hannah, 53, and Young, 68, hit the road to save the planet on various causes, her California beach escape may attract a buyer who appreciates the property's unique indoor/outdoor/naturalist features.

The compound contains three buildings: a house with an art studio; a standalone master suite with a Japanese-style soaking tub and a fireplace; and a guest room with a loft and views of the ocean. There's also plenty of stained glass, a stone cottage and several gardens.

She Built Her Case, Now Nancy Grace Is Selling

After 18 years and a steady parade of contractors, legal commentator and host Nancy Grace is parting with her Atlanta residence. The home is pending sale at $1.599 million.

Grace bought the home in 1996 for $407,500, but has cycled through almost as many remodels as CNN has broadcast criminal trials.

Baseball Star Pitches AZ Estate Onto Market

San Francisco Giants starting pitcher Tim Lincecum has listed his Arizona mansion for sale for $4 million. But, for anyone who thinks the 30-year-old Seattle native's desert retreat might reflect his 'The Freak' nickname, forget it.

The 4-bedroom, 5.5-bathroom contemporary at 4793 E Charles Dr in Paradise Valley is a very mature and serene abode, even with its indoor basketball court with a retractable batting cage and theater room with an adjoining bar.

The 11,000-square-foot home is slick and tricked out with wood built-ins, limestone flooring, a granite-packed kitchen and sweeping views of the desert. Outdoors, there's a pool with two waterfalls, a whirlpool spa and sundeck, plus a built-in grilling station.

2014-09-19T18:06:21Z
© 2014


Celebrity Real Estate: Sarah Jessica Parker, Adam Levine, Randy Johnson

Celebrity Real Estate: Sarah Jessica Parker, Adam
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By Laura Vecsey

Sarah Jessica Parker, Matthew Broderick Relist Home

They have been proud 'Village People,' but Sarah Jessica Parker and Matthew Broderick are still looking for an exit plan.

Newly relisted at $22 million, the couple's 25-foot-wide, 6,800-square foot Greenwich Village townhouse was first on the market in 2012 - one year after they purchased the place for $18.995 million.

(Real Estate) Moves Like Jagger

Newlyweds Adam Levine and Behati Prinsloo are getting down to consolidating their holdings. First up: Selling Prinsloo's East Village duplex for $1.65 million.

The decision to sell the 1-bedroom apartment comes as the Maroon 5 front man and the Victoria's Secret model complete the purchase of a 2,700-square-foot loft in SoHo, which is reported to be under contract for $4.55 million.

The 3-bedroom, 2-bathroom apartment is in an historic cast-iron building awash in sleek glass and steel - a smooth move for the hot couple.

'The Big Unit' Selling Huge Arizona Home

Future Baseball Hall of Famer Randy Johnson is looking to downsize in the desert. The former Mariners and Diamondbacks ace is listing his 25,000-square-foot estate for $25 million in Paradise Valley.

Situated on a 5-acre parcel, the main residence features 24-foot ceilings, 7 bedrooms and 12 bathrooms - including a secluded master retreat with his-and-hers oversized vanities.

There's also a detached guesthouse; 1,700-square-foot fitness facility; a temperature-controlled wine cellar; an oversized 8-car motor court, billiards parlor and a dedicated 'pet suite.'

2014-09-12T16:24:04Z
© 2014


30-Year Fixed Mortgage Rates Rise Above 4%

30-Year Fixed Mortgage Rates Rise Above 4%, Revers
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week.

The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.

'Rates rose steadily last week despite the lackluster jobs report released on Friday,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, with little domestic economic news slated for release, we expect international news to determine whether rates will keep rising, or fall back below 4 percent.'

Additionally, the 15-year fixed mortgage rate this morning was 3.11 percent, and for 5/1 ARMs, the rate was 2.88 percent.

Purchase Mortgage Application Activity

Zillow predicts tomorrow's seasonally adjusted Mortgage Bankers Association Weekly Application Index will show purchase loan activity increased by 4 percent from the week prior. To learn more about this Zillow analysis, click here.

2014-09-04T12:48:12Z
© 2014


Celebrity Real Estate: Reese Witherspoon, John Denver, J.D. Salinger

Celebrity Real Estate: Reese Witherspoon, John Den
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By Laura Vecsey

Tennessee Calls Reese Witherspoon Home

Oscar-winning actress Reese Witherspoon has a new project: Renovating a historic mansion she bought last month in her hometown of Nashville, Tenn.

The stately white home sits at the end of a long driveway on a 6.5-acre flat lot in the upscale Oak Hill area. Witherspoon paid $1.95 million for the 4-bedroom, 3.5-bath property.

The 3,855-square-foot abode has an elegant staircase, three fireplaces and a paneled library, but needs major renovations. The nice part? Witherspoon will be near her parent's home when she undertakes the project.

Witherspoon put her Los Angeles-area estate on the market earlier this year for $10.5 million, according to Variety.

Rocky Mountain High Retreat For Sale

The man whose ode to Colorado made a huge splash in the airwaves back in the 1970s continues to be a legend in the Rocky Mountain state. Now John Denver's Aspen estate is for sale for $10.75 million.

The blond-haired singer, who sported wire-rimmed granny glasses, released his song 'Take Me Home, Country Roads' in 1971. He built a unique estate the next year. He entertained there and attracted so many fans that his neighbors asked him to build a gatehouse to keep down the commotion.

The estate was sold to its new owners after Denver's death in 1997, and while they have made some adjustments, the home still maintains the timeless and peaceful features that made it his Rocky Mountain oasis. There are four indoor fireplaces, an outdoor fireplace and decks looking over magnificent Rocky Mountain views. The singer had a recording studio in the guesthouse on the property.


Secluded Literary Masterpiece For Sale

J.D. Salinger was one of the most notoriously reclusive writers in America. Now, four years after his death, the writer's former New Hampshire home is for sale.

Situated on 12 acres at 342 Lang Road in Cornish, the home of the 'The Cather in the Rye' author is 2,900 square feet and listed for $679,000. There are 4 bedrooms, 5 bathrooms and a separate apartment over the garage. There are gardens and many private trails.

Salinger moved to Cornish in 1953 and eventually died in the town, though not at this address.

2014-08-21T16:12:36Z
© 2014


Celebrity Real Estate: Catherine Zeta-Jones, Renee Zellweger, Heidi Klum

Celebrity Real Estate: Catherine Zeta-Jones
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By Laura Vecsey

A Sign of Better Times for Zeta-Jones & Michael Douglas?

Parting ways with the past might be quite profitable for Catherine Zeta-Jones. The Welsh-born actress has listed the Bedford, NY home where she lived during her separation from Michael Douglas.

The $8.1 million brick colonial is for sale and the couple is reportedly back together.

The couple rented the 6-bedroom, 6-bath brick colonial at 541 Guard Hill Rd for about six months before buying it for $5.075 million in 2010. According to the listing, the home was recently renovated. There is a new guesthouse and a master suite with huge closets and a dressing room.

Zellweger Lists Her Connecticut Yankee Retreat

It completed her - for a little while. Now Renee Zellweger is ready to give the ultimate cold shoulder to the 1770s Connecticut country home.

Listed for $1.6 million, the historic rural retreat is set on 38 acres and overlooks the Quinebaug River in rural Pomfret Center.

There's no roughing it in this luxurious updated farmhouse, which was re-done in 2004 and sprawls 3,463 square feet. There's a chef's kitchen, beamed ceilings, a family room and a swimming pool. There are also 7 fireplaces - plenty enough mantel space to hold the actress's Oscar for her Best Supporting Actress award for 'Cold Mountain.'

Klum Closes the Deal

'Project Runway' host Heidi Klum has sold her 8.5-acre property in Brentwood Estates for $24 million. Klum had bought the place in 2010 with her ex-husband, Seal, and had the place completely done over. The Mediterranean-style villa has 8 bedrooms, 10 baths and spans 12,300 square feet.

Klum bought it for $14.2 million but pumped a lot of cash into the remodel, restoring doors, windows and thresholds, designing her dream closets and adding home technology and security. She also added a master bathroom with a view of the Pacific.

The home has a motor court with a fountain, an infinity-edge pool and spa, a koi pond, a formal rose garden, a rolling lawn for golf putting and driving, a children's playhouse and slide and 'secret gardens.' And that's just the outside.

2014-08-13T16:14:43Z
© 2014


Celebrity Real Estate: Idina Menzel, Taye Diggs, Leona Helmsley

Celebrity Real Estate: Idina Menzel, Taye Diggs
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By Laura Vecsey

Unfreezing Their Assets, Diggs & Menzel Selling in L.A.

With their impending divorce after 10 years of marriage, Taye Diggs and Idina Menzel are looking to unload their 5,000-square-foot Studio City home, listing the 3121 Oakdell Ln property for $2.995 million. The former couple bought the sleek, traditional 6-bedroom, 5-bathroom in 2010 for $2.09 million.

Menzel has had a huge year thanks to the movie 'Frozen.' She voiced Elsa in animated film, and its signature song, 'Let It Go,' was nominated for an Oscar.

Diggs is a stage, movie and TV actor best known for his roles in films such as 'Rent' and 'How Stella Got Her Groove Back' and the TV series 'Private Practice.' He and Menzel met while filming 'Rent' in the 1990s.

Leona Helmsley Estate Back on the Market

After a very 'taxing' history, the Greenwich, CT summer home where hotelier Leona Helmsley died in 2007 is back on the market. The new list price from the owners who bought the Helmsley estate: $65 million.

It is a house with a story - a juicy tabloid kind of story.

The completely-renovated mansion was at the center of the tax evasion scheme that landed Helmsley in jail in the 1990s, leading Helmsley to be infamously dubbed the 'Queen of Mean' and quoted as saying that 'only the little people pay taxes.'

The 17,493-square-foot brick estate sits on 40 acres on Round Road, one of the most famous parts of Greenwich. Among the luxuries they added to the home: a marble dance floor above the swimming pool, a $45,000 silver clock and $500,000 worth of jade art objects, according to The New York Times.

Helmsley's estate was originally listed for $123 million, but several price cuts led to its eventual sale to the current owners, for $35 million. The 1918 estate was soon re-listed at $42.9 million, and taken off the market for the massive remodel.

2014-08-13T16:00:50Z
© 2014


Mortgage Rate Rises Slightly

Mortgage Rate Rises Slightly
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.08 percent, up from 4.03 percent at this same time last week.

The 30-year fixed mortgage rate hovered around 4.10 percent for the majority of the week, peaking at 4.17 percent on Thursday before easing back down to the current rate today.

'Mortgage rates were subdued last week as ongoing geopolitical concerns and economic softness in Europe encouraged investors to buy U.S. mortgage-backed securities as a safe haven,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, we expect international headlines, rather than U.S. economic data, to drive any meaningful changes to mortgage rates.'

Additionally, the 15-year fixed mortgage rate this morning was 3.12 percent, and for 5/1 ARMs, the rate was 2.77 percent.

2014-07-28T16:22:33Z
© 2014


Celebrity Real Estate: Shirley MacLaine, Megan Fox, Akon

Celebrity Real Estate: Shirley MacLaine, Megan Fox
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By Laura Vecsey

Shirley MacLaine Coming to 'Terms' With Her NM Estate

With a bent for all things New Age, Shirley MacLaine is looking for new signs of life outside of Santa Fe.

The decorated actress, at age 80, is parting with her beloved Plaza Blanca Ranch in Abiquiu, the New Mexico town where another great American artist, Georgia O'Keefe, spent her later years drawing inspiration from the high desert light.

Unlike O'Keefe, who spent her 90's in Abiquiu, MacLaine wants to move into town. She has listed the whopping 7,450-acre property for $18 million - a price she said came to her following a consultation with a psychic.

The estate includes an adobe-style main house, a yurt, caretaker's house, swimming pool, horse barn and chicken coop — all of it off-the-grid and sustainable, with greenhouses for growing food.

MacLaine has always said that the ranch was a spiritual retreat for her, but she's now looking for a less reclusive place to hang her auras.

Buyer Found for Megan Fox's Family Home


Megan Fox, the actress known for 'Transformers,' and her husband Brian Austin Green, best known for playing David Silver on 'Beverly Hills, 90210,' are looking for a new home. The couple, along with their two-year-old son and new baby, as well as Green's son from a previous marriage, will need plenty of play room.

While they look for the perfect new house, the couple has sold their Los Angeles Mediterranean at 2271 Glendower Ave. And home it was for the pair, who had transformed it from being 'very vanilla' according to the listing agent when they purchased it in 2009, into a bold, modern abode. It features large-scale wallpaper in many rooms, as well as colorful and patterned tiles in the kitchen and bathroom. The young pair also had the home fully updated with projection screens, a sound system and a home security system.

The 4-bedroom, 5-bathroom house is listed for $3.995 million.

Akon's Home of Some Heavenly Sounds For Sale

Akon is a five-time Grammy winner, but when he's not in the studio, the rapper and music producer is hitting some high notes on home styling.

'Lifted. Inspired. Alive. Music, the muse, beckons. The sound. The soul. The studio. This is Heaven,' the listing description states.

Akon poured some heart and soul into an extensive 'white-out' remodel after he bought the place last September for $1.9 million. Now someone has offered to purchase the heavenly abode.

In other words, Akon made everything bright white in the 4,098-square-foot home, including the interior and exterior walls, the furniture, patio, pool, floors, railings and accessories.

The home had been listed $3.5 million, but for $4 million, Akon said he would throw in the recording studio equipment and all the (white) furniture.

2014-07-17T11:27:04Z
© 2014


Celebrity Real Estate: Heidi Klum, Kyle Richards, Betty Grable

Celebrity Real Estate: Heidi Klum, Kyle Richards
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By Laura Vecsey

She's Out!

Supermodel-turned-powerhouse host Heidi Klum is selling the Brentwood Estates home she bought out of foreclosure in 2010 with her ex-husband, Seal.

The Mediterranean-style villa was done over in Klum style and includes 8 bedrooms, 10 bathrooms and more than 12,300 square feet. The 8.5-acre estate is just off Mandeville Canyon in one of L.A.'s most prestigious neighborhoods, hence the list price: $25 million.

The 'Project Runway' host bought the place for $14.2 million, but then threw some major cash in to make it her own little piece of heaven.

The spread includes a motor court with a fountain, an infinity-edge pool and spa, a koi pond, a formal rose garden, a rolling lawn for golf putting and driving, a children's playhouse and slide, ocean views and 'secret gardens.'

Inside, the dining room was imported from Paris, where it was a private dining room in a hotel. The previous owner reconstructed it in the home. In the library, there is an ornate wooden bookcase that came from Napoleon's French country home.

Golfing 'Housewife' Kyle Richards Scores Swinging Abode

'Real Housewives of Beverly Hills' star Kyle Richards and her husband, luxury real estate agent Mauricio Umansky, recently paid $2.35 million for a La Quinta getaway.

The luxurious vacation home has 6 bedrooms, 6.5 bathrooms and overlooks the 9th fairway of a golf course, with a mountain view beyond the cascading pool. Most important: The home is studded with 10 TVs, 28 speakers and 6 control pads - plenty of ways to watch episodes of her reality TV show.

This Hollywood Listing's Got Legs

Betty Grable continues to be a brand name in Tinseltown as one of the big stars of the silver screen in the golden era of moviemaking. Now the star's former home at 1280 Canyon Rd. in Bel-Air is on the market for $13.295 million.

Grable moved in after the home was built in 1937, the same year she married actor Jackie Coogan. Soon after, the couple appeared in 'Million Dollar Legs' and Grable became an American icon, thanks to her pinup popularity during World War II.

After Grable moved out in the late 1940s, the home went on to be owned by a couple of celebrities, including Jaclyn Smith from 'Charlie's Angels' and Stephen Stills, of Crosby, Stills & Nash.

The home is now owned by L.A. entertainment lawyer, Schuyler Moore, according to property records for the 6-bedroom, 7-bathroom home.

2014-07-02T12:39:00Z
© 2014


Celebrity Real Estate: Jane Fonda, Walt Disney

Celebrity Real Estate: Jane Fonda, Walt Disney
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By Laura Vecsey

Jane Fonda Parting with Santa Fe Ranch


Actress and activist Jane Fonda is ready to part with her 2,000-acre New Mexico spread called Forked Lightning Ranch outside of Santa Fe. She has listed the home for sale for $19.5 million.

Fonda bought the ranch in 2000, around the time she separated for good from her ex-husband and CNN founder Ted Turner. He is the largest private owner of land in the nation, so it's apparent that Turner's love of Western lands rubbed off on Fonda. But now Fonda says she doesn't have time to visit anymore, even though it was her sanctuary.

Before choosing the location for the house she built on the land, Fonda said she spent two years fly-fishing, hiking, camping and horseback riding to learn everything about the property and its sunrises, sunsets, views and weather patterns.

The main home is almost 10,000 square feet, and there's also a guesthouse and stable.


Former Disney Estate Sells

The Carolwood estate in L.A.'s coveted Holmby Hills neighborhood once owned by Walt Disney has sold for $74 million.

The home was once listed for as much by $90 million and offered by the high-end brokerage to the stars, The Agency. But even at the final sale price, it was still the fourth most expensive home sale in the United States so far this year.

Carolwood measures 35,000 square feet and has 8 bedrooms and 17 bathrooms. The seller was investor Gabriel Brener, who co-owns the Houston Dynamo soccer club.


Sinatra's New York, New York Pad For Sale

Frank Sinatra's 'glittering grotto' in the sky is for sale in New York City. Of course, it has been completely renovated since they days when the place served as party central for Sinatra & company.

Located in The Edgewater, a white-glove building on a cul-de-sac overlooking the East River at 530 East 72nd Street in the Lenox Hill section of Manhattan, the apartment was a party pad for the Rat Pack and other high-society figures, including regulars like Mia Farrow, President Kennedy and Sammy Davis, Jr.

The residence - nicknamed the 'glittering grotto' by Andy Warhol -
had been listed for as high as $5.595 million, but its current list price is now $4.995 million.

The 3,200-square-foot residence has 4 bedrooms, 4 bathrooms, floor-to-ceiling windows and two wraparound terraces. The master suite upstairs includes a wet bar, and the master bedroom is elevated.


2014-06-27T08:59:09Z
© 2014


Mortgage Rates Dip Slightly

Mortgage Rates Dip Slightly
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.03 percent, down from 4.06 percent at this same time last week.

The 30-year fixed mortgage rate hovered around 4.08 percent for the majority of the week, before dropping modestly to the current rate on Tuesday morning.

'Last week, mortgage rates remained stable as the Federal Open Market Committee's policy statement contained few surprises,' said Erin Lantz, vice president of mortgages at Zillow. 'With little anticipated economic news this week, we expect rates will remain steady, similar to the pattern they've held for the past few weeks.'

Additionally, the 15-year fixed mortgage rate this morning was 3.0 percent, and for 5/1 ARMs, the rate was 2.79 percent.

2014-06-23T16:18:16Z
© 2014


Celebrity Real Estate: Whitney Houston, Charlie Sheen

Celebrity Real Estate: Whitney Houston
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By Laura Vecsey

Fan Buys Whitney Houston's NJ Estate

Whitney Houston's home has finally found an owner who feels the heat for property's unique past. Well, maybe not the 'Being Bobby Brown' part, but all the success Houston did enjoy before she succumbed to addiction.

Emergency room physician Matthew Krauthamer may have been in second grade when Houston's first big hit took the radio airwaves by storm back in 1987, but he became an enduring fan of the entertainer, who died of a drug overdose in 2012. He just paid $1.5 million for Houston's mansion, which sits on 5 acres and has been vacant for years.

Krauthamer, 33, has had time to admire the property, since he has lived just a few doors down in the same neighborhood. He said he intends to restore the 1980s home to its original form and live in the place: Not a bad idea, considering its privacy, the pool house, Jacuzzi and other features.

The 5-bedroom, 6-bathroom home at 22 N Gate Rd in Mendham, N.J., sprawls a generous 13,607 square feet. It has languished on and off the market since 2009, only to be sold in February to an investment company that paid $999,900. The house had been listed for as much as $1.75 million at one point.


Winning? Charlie Sheen Lists in L.A.

Charlie Sheen is looking to dump a 1989 contemporary in the Westlake Village neighborhood just a year after the actor bought the place for $1.6 million.

The new price for the 4-bedroom, 4-bathroom home at 1896 Smokey Ridge Ave. is $1.695 million. That includes hardwood floors, custom granite kitchen and an infinity pool with views of the city.

Reports also indicate that Sheen has sold his Mulholland Estates home, which he bought last summer from producer Mike Medavoy.

"Friends" Star Selling Modern Home

Matthew Perry's Malibu beach house has gotten a new slew of sleek furniture, just in time to help the TV star sell during a boom time in the Los Angeles housing market.

Perry has relisted his home at 3556 Sweetwater Mesa Rd for $12.5 million. The 4-bedroom, 6-bath home overlooking the Malibu pier had been listed for $13.5 million for about five months from 2011 to 2012.

This is just the latest real estate deal Perry is looking to make. In the past few years, he has sold other modern properties in Hollywood Hills and West Hollywood, and has also bought a new home on the Sunset Strip.


Lenny Kravitz Might Wonder: Is It Going to Go Developers Way?

Lenny Kravtiz may have hit it big as a rocker, but he's long been working the investment and real estate game. But what does Kravitz make of a builder's proposal to turn his childhood home in Brooklyn into a 6-unit apartment building?

The developer, who bought the building in December for $565,000, has appealed a ruling that went against his plan, so there's still a chance the historic home at 368 Throop Ave in Brooklyn's Bedford-Stuyvesant neighborhood could get an extreme makeover.

The building belonged to Kravitz's grandparents, but a young Lenny spent weekends there until he was 10, when his family moved to Los Angeles, where his actor-mother co-starred in 'The Jeffersons.'

2014-06-12T11:47:19Z
© 2014


Celebrity Real Estate: Mitt Romney, Dolly Parton

Celebrity Real Estate: Mitt Romney, Dolly Parton
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By Laura Vecsey

Former Gov. Romney Sells Massachusetts Condo

So long, Massachusetts?

Mitt Romney, the former governor of the Bay State, and his wife, Ann, have parted company with their adopted home state. According to reports, the couple has sold their Belmont condo for $1.2 million.

The home served as the couple's home base during Romney's failed presidential run in 2012, and with much larger compounds in New Hampshire, Utah and California, it's not as if the Romneys needed another place to hang their hats.

According to the Boston Globe, the Romneys bought Unit 65 in the Woodlands at Belmont Hill development about four years ago for $895,000. They had owned another Boston area home for 20 years before selling that place for $3.5 million several years ago.



A Very Miniature Dollywood in Hollywood for Sale

Dolly Parton is hitting the road to support her new album, 'Blue Smoke,' but she first had to trim her real estate holdings. The darling of country music has listed her little ol' gated adobe-style home in West Hollywood for $1.39 million.

While it's no comparison to Dolly's theme-park grand place back in Pigeon Forge, Tenn., the two-bedroom, two-bathroom home is stuffed with country decor. Parton bought the 1,091-square-foot adode in 2007 for $1.2 million.


Classic Beauty: Hepburn's Connecticut Estate Gets Price Cut

Katharine Hepburn's former beach house in Connecticut is back on the market for $14.8 million. That's a far cry from the original $28 million once sought for the handsome residence in Old Saybrook.

According to listing notes, the place has also undergone a total renovation, which was overseen by New York builder Frank Sciame, who also restored such grand New York City gems like the Pierpont Morgan Library and Museum, St. Patrick's Cathedral and the Guggenheim Museum.

The 6-bedroom, 7.5-bathroom home is a grand 8,300 square feet and sits on a 1.5-acre parcel overlooking Long Island Sound, including its own stretch of beach.

The home has been in the Hepburn family's possession for years, and the great actress lived there until her death in 2003.


Megan Fox & Family Need More Room

Hollywood couple Megan Fox and Brian Austin Green have listed their Mediterranean home in the Los Feliz section of Los Angeles. The 4-bedroom, 5-bath home is on the market for $3.995 million.

The home has views of downtown L.A., Long Beach, Century City and the ocean, plus a swimming pool and lots of outdoor patio and yard space.

The couple styled it with bold wallpapers, Spanish tile and antique lighting. They also updated with technology, adding projection screens, a sound system and video camera surveillance.

Green, best known for playing David Silver on 'Beverly Hills, 90210,' has a son from a previous relationship. Green and Fox, of 'Transformers' fame, also have a 2-year-old and a new baby.

2014-06-05T15:08:45Z
© 2014


Celebrity Real Estate: JFK, Steven Spielberg

Celebrity Real Estate: JFK, Steven Spielberg
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By Laura Vecsey

'Winter White House' Wows in Palm Beach

Once the winter home for John F. and Jackie Kennedy, the 15,000-square-foot mansion has hit the market after an impressive makeover that has apparently translated into a whopping price tag of $38.5 million.

According to Curbed, the Kennedy family last sold the 'Winter White House' in 1995 to investment bank CEO John K. Castle for $4.9M. The 1920s Mediterranean revival mansion looks ready for its close-up, courtesy of a $6 million renovation.

With 11 bedrooms, 15 bathrooms, the home was built in 1925 by architect Addison Mizner for department store magnate Rodman Wanamaker. Curbed reports that John F.'s dad Joseph P. Kennedy 'bought the place in 1933 for $120K.'

While the history of the place continues to unfold, and the renovations have spruced it up to new, glamorous heights, one thing about the property remains the same, regardless of how many Kennedy's slept there: Sweeping, direct ocean views.


Blockbuster Listing for Spielberg's Vacant Land in Hamptons

In Hollywood, Steven Spielberg is a creative force behind some of the film industry's biggest movies. On Long Island - not so much.

In 2008, the mighty director purchased a 3.3-acre waterfront parcel in East Hampton for $20 million. The property at 94 Apaquogue Rd. sported a traditional-styled 1900s-era home - which Spielberg promptly had demolished.

But if the idea had been to replace the home with something far more fitting for an entertainment industry titan, it did not happen. Now the lot has been listed for sale for $24.5 million.

But don't worry about whether Spielberg has a place to crash when he's hanging with the rich and famous in the tony enclave. Word is he's got two other properties in the area.

2014-05-30T12:30:40Z
© 2014


Celebrity Real Estate: Dr. Dre, January Jones, 'Scarface' Mansion

Celebrity Real Estate: Dr. Dre, January Jones
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By Laura Vecsey


Let Him Ride! Dre Moving Up, Again

It's a long way from Compton, but then again, music industry mogul and rap kingpin Dr. Dre has been living large ever since he and Snoop Dogg were extolling the virtues of rolling in their 6-4s and sipping on gin and juice.

Now it appears the Los Angeles native will be moving into the house that Tom built. Tom Brady, that is.

According to reports, Dre has agreed to buy the mega-mansion built by the Patriots star and his Brazilian model wife, Gisele Bundchen for $40 million. The 20,000-square-foot estate in Brentwood, CA was featured in an
Architectural Digest photo spread after they completed construction back in 2011, but with homes in New York, Boston and around the globe, the couple decided to give up the custom estate they built for a reported $50 million.

The Old World-inspired imported limestone mansion on four acres is a truly palatial retreat, with reclaimed cobblestones in the motor court, waterfalls and ponds, and views of the Pacific Ocean. It has five bedrooms and nine bathrooms, and is built for 'large-scale entertaining.'

We believe when it comes large-scale, Dre's got that covered.


Mad Deal for This Home Far From Madison Ave

January Jones, aka Betty Francis on the hit series 'Mad Men,' has listed her Los Feliz Mediterranean for $1.495 million.

The remodeled abode carries a formal and contemporary style after she purchased the house for $1 million in 2009, and then undertook a mondo kitchen remodel.

The 3-bedroom, 3-bathroom, 2,200-square-foot home at 4969 Ambrose Ave in Los Angeles is no longer a fixer: Jones added a Carrara marble island and a big stainless steel sink.


The Real 'Scarface' Home Hits the Santa Barbara Market

The 1906 mansion where Al Pacino was featured in a role where he went absolutely nuts with drugs and power is for sale in the oceanside town of Santa Barbara. The California coastal manse's list price is a Hollywood-esque real $35 million.

The Mediterranean estate is a stunner, and not only because of the immortal scene in 'Scarface' where Pacino hoists his machine gun and shouts: "Say hello to my little friend!"

Despite its film history past, the 4-bedroom, 9-bathroom Roman palace-like home was designed by architect Bertram Goodhue. Its name, "El Fureidis," means "Tropical Paradise," according to the listing. The grand property includes a 10-acre lot and a unique pool complete with water fountains.

According to records, the 'Scarface' mansion last sold for just $6.23 million in 2009, and in 2012 was listed for rent for $30,000 a month.

2014-05-22T15:12:04Z
© 2014


Celebrity Real Estate: Nicole Richie, Selena Gomez

Celebrity Real Estate: Nicole Richie, Selena Gomez
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By Laura Vecsey

Changes for Nicole Richie

Nicole Richie and her musician husband Joel Madden have listed the Spanish colonial owned by Madden since before their wedding in 2010. The couple's restored 1930s home in Glendale, Calif., is listed for $1.875 million.

The 4-bedroom, 4-bath is almost 5,000 square feet and is replete with thick crown moldings, beamed ceilings, an arched entryway and a custom-tiled fireplace.

With two kids and busy schedules (he's the front man for pop-punk band Good Charlotte; she's got a show called #CandidlyNicole) the couple is taking some time to make a move.


She's a 'Belieber': Selena Gomez Thinks Her Home Will Fetch $3.495M

Selena Gomez, the singer-actress and off-and-on girlfriend of Justin Bieber, has listed her 6,000-plus square-foot home in Tarzana, Calif.

Completely redecorated, Gomez stripped out the plaid and farmhouse décor and instead tricked the place out in a very modern modality. The six-bedroom, eight-bath gated home sits on a full acre, with lots of outdoor amenities, including a pool, full basketball court, Bocce Ball court, pergola and even an orchard.

2014-05-22T15:04:03Z
© 2014


Mortgage Rates Dip Briefly Below 4 Percent

Mortgage Rates Dip Briefly Below 4 Percent
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.05 percent, down from 4.10 percent at this same time last week.

The 30-year fixed mortgage rate declined early last week to 4.03 percent, where rates hovered for the majority of the week before rising slightly to the current rate on Monday.

'Rates dropped last week, and briefly dipped below 4 percent for the first time since October, as expectations rose that the European Central Bank will ease monetary policy to stimulate growth,' said Erin Lantz, vice president of mortgages at Zillow. 'With little domestic news scheduled for release this week, market observers will look abroad for news that could push rates back into the 3 percent range.'

Additionally, the 15-year fixed mortgage rate this morning was 3.06 percent, and for 5/1 ARMs, the rate was 2.77 percent.

2014-05-13T16:28:13Z
© 2014


Celebrity Real Estate: Marv Albert, Ron Howard

Celebrity Real Estate: Marv Albert, Ron Howard
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By Laura Vecsey

Nothing But Net for This Sweet Penthouse

Marv Albert has hoisted his $16.5 million apartment on the white-hot Manhattan real estate market.

The longtime sports broadcaster has been dubbed the Voice of the Knicks, Nets and the NBA, but the 72-year-old New York native is now looking for a swish of a sale on his penthouse situated right near Lincoln Center and Central Park.

According to records, Albert bought the 3,500-square-foot condo for $2.93 way back in 1996. In addition to a generous indoor floor plan, which includes two master suites, the perk of this place is the expansive, 1,500-square-foot terrace, giving the residence a huge outdoor entertainment space.


It's a long way from Mayberry, Opie!

Ron Howard, the former child star-turned-Academy-Award-winning-director, saw his road to stardom and economic glory lead him, his wife and family to an amazing estate in Armonk, N.Y., about an hour north of New York City and close to tony Greenwich, Conn.

But with the kids grown, and now 60 years old, Howard says it's time to sell the family spread. The man known as Opie (The Andy Griffith Show) and Richie Cunningham (Happy Days) has listed the home at a staggering $27.5 million.

Howard and his wife, Cheryl, raised their family on this lakefront, country estate set on Converse Lake. The home has 6 bedrooms, 4.5 baths, a two-story library and office, a 14-seat movie theater, a gym, yoga studio and an indoor pool modeled after the pool in Howard's hit movie, 'Cocoon.'

The estate also includes a two-bedroom guest cottage, an indoor tennis and basketball complex, an observatory silo, barns, paddocks, a pond and waterfall, greenhouses and formal gardens.

2014-05-07T13:00:27Z
© 2014


Celebrity Real Estate: Meryl Streep, Elizabeth Gilbert, Reggie Bush

Celebrity Real Estate: Meryl Streep, Reggie Bush
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By Laura Vecsey

Meryl's Choice: Grand Dame of Film Selling in L.A.

Easy come, easy go for Meryl Streep. The Academy Award winner has listed the sleek Los Angeles modern home she bought last February. The plot twist? At a $6.75 million list price, Streep is seeking $2.25 million more than she paid for the 4-bedroom, 4-bathroom, 3,500-square-foot place last year. It comes with all the same furnishings Streep acquired with the property in Feb. 2013. There's only one direction from the most decorated American actress: No open houses.


Eat, Pray, Sell

Author Elizabeth Gilbert, whose 'Eat, Pray, Love' memoir was a bestseller and hit movie, is selling her 1869 Italianate Victorian in Frenchtown, N.J.

Luckily, Gilbert's writing skills have come in handy: She has penned her own listing description and is selling the place For Sale By Owner. The 4-bedroom, 3-bath residence is on the market for $999,000, and features a wine cellar, 1,400-square-foot library and gardens galore.


Reggie Bush Rushing for a Sale

Now that he's in Detroit playing for the Lions, NFL running back Reggie Bush is making a big push to sell his Hollywood Hills home. The list price is $6 million for the modern abode that features a penthouse master suite, roof deck and pool.

The former University of Southern California star, who brought on a monstrous scandal at his alma mater, has had his place at 1501 Vistaview Terrace redecorated in order to attract a buyer.



2014-05-01T10:54:47Z
© 2014


Celebrity Real Estate: Yogi Berra, Ellen Page

Celebrity Real Estate: Yogi Berra, Ellen Page
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By Laura Vecsey

A Memorable 'Homer' For Yankees' Great Yogi Berra

With the passing of his beloved wife, Carmen, this past March, Baseball Hall of Fame catcher Yogi Berra has decided to sell the Montclair, N.J., home the happy couple shared and made the center of their large family's world for 40 years.

And if there's any doubt that the home belongs to Yogi, the $888,000 list price says it all for the Yankee legend who wore jersey No. 8.

Their home at 19 Highland Ave in Montclair is a traditional colonial that boasts a three-story spiral staircase that caught Carmen's eye back in 1974 when they purchased the home.

Like the MLB legend, the 1902 home is full of surprises. There's a double-sided wood-burning fireplace, beautiful wood paneling, a tiny closet-sized darkroom on the third floor, an artist's studio, views of New York City and a little covered porch off to the side.

Carmen Berra died March 7 as the result of a stroke, and the couple had been living in a nearby retirement home. But with Yogi's wife of 65 years now gone, and with his 89th birthday coming on May 12, the family has decided to part ways with the 6-bedroom, 3.25-bathroom home.


Ellen Page Turns a Corner in LA

'Juno' star and activist Ellen Page has listed her Studio City home for $1.05 million. The move comes a month after Page bought a sensational Hollywood Hills mid-century modern for $1.7 million that had been owned and redecorated by tennis champion Venus Williams.

Page, 27, bought the 1,499-square-foot, 2-bedroom, 1.5-bath home at 11283 Canton Dr. for $885,000 in 2011. The Cape Cod has been updated with lots of windows, beamed ceilings and a pool.

2014-04-29T16:06:56Z
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Mortgage Rate Volatility Expected This Week

Mortgage Rate Volatility Expected This Week
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, down from 4.19 percent at this same time last week.

The 30-year fixed mortgage rate peaked at 4.22 percent last Tuesday before plummeting Wednesday afternoon to 4.14 percent, where rates continued to hover for the remainder of the week.

'Last week, rates dipped to the lowest level in seven weeks as weaker-than-expected home sales and continued concerns over geo-political stability in Ukraine kept downward pressure on rates,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, we expect more volatility as both the mid-week Federal Open Market Committee announcement and Friday's jobs report have the potential to move markets.'

Additionally, the 15-year fixed mortgage rate this morning was 3.15 percent, and for 5/1 ARMs, the rate was 2.81 percent.

2014-04-23T12:35:41Z
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Positive Economic Reports Impacting Mortgage Rates

Positive Economic Reports Impacting Mortgage Rates
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.19 percent, up from 4.14 percent at this same time last week.

The 30-year fixed mortgage rate steadily increased last week, peaking at 4.26 percent on Monday before dropping to the current rate this morning.

'Last week, rates rose slightly on improving unemployment and manufacturing data,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, fewer significant economic reports are slated for release, and markets are more likely to be swayed by the geo-political situation in Ukraine, which could affect rates.'

Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent, and for 5/1 ARMs, the rate was 2.78 percent.

2014-04-15T16:17:30Z
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30-Year Fixed Mortgage Rates Fall to Lowest Level in 6 Weeks

30-Year Fixed Mortgage Rates Fall
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Mortgage rates for 30-year fixed mortgages fell over the past week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.14 percent, down from 4.20 percent at this same time last week.

The 30-year fixed mortgage rate plummeted on Wednesday from 4.24 percent to 4.12 percent, where rates have continued to hover into this week.

'Last week, rates dropped to their lowest levels in six weeks as investors shifted out of stocks and into safer assets, like U.S. Treasuries and mortgage-backed securities,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, there is a full slate of economic reports scheduled for release, with the potential to nudge rates up.'

Additionally, the 15-year fixed mortgage rate this morning was 3.15 percent, and for 5/1 ARMs, the rate was 2.80 percent.

2014-04-11T09:14:16Z
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30-Year Fixed Mortgage Rates Fall for Second Week in a Row

30-Year Fixed Mortgage Rates Fall
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Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.20 percent, down from 4.25 percent at this same time last week.

The 30-year fixed mortgage rate peaked on Wednesday at 4.28 percent before falling to 4.20 percent over the weekend.

'Last week mortgage rates dipped after Friday's job report which, while fairly strong, failed to meet the market's expectations,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, we expect rates to remain about where they are now, and aren't anticipating any market-moving surprises with the release of the FOMC's (Federal Open Market Committee) minutes from the March meeting.'

Additionally, the 15-year fixed mortgage rate this morning was 3.17 percent and for 5/1 ARMs, the rate was 2.86 percent.

2014-04-02T16:00:56Z
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30-Year Fixed Mortgage Rates Drop, Erasing Prior Gains

30-Year Fixed Mortgage Rates Drop
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Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.25 percent, down from 4.27 percent at this same time last week.

The 30-year fixed mortgage rate peaked on Wednesday at 4.29 percent before falling to 4.20 percent, where rates hovered for the remainder of the week.

'Rates dropped last week, erasing most of the run-up triggered previously by the Fed's surprisingly aggressive guidance on plans to increase the Federal Funds Rate,' said Erin Lantz, vice president of mortgages at Zillow. 'We expect rates to remain fairly steady this week, not making any significant movements until after Friday's jobs report.'

Additionally, the 15-year fixed mortgage rate this morning was 3.22 percent and for 5/1 ARMs, the rate was 2.77 percent.

2014-03-31T12:10:14Z
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Wilkes-Barre Ranks Low for Bible-Mindedness

Wilkes-Barre Ranks Low for Bible-Mindedness
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By Nora Tooher

Wilkes-Barre isn't the least Bible-minded city in the country - just one of them.

Two new studies - one from BibleGateway, an online Bible portal, and one from the American Bible Society - both place Wilkes-Barre's Bible-mindedness in the bottom fourth among 100 U.S. cities. ABS ranked Wilkes-Barre 84th, nine points higher the No. 93 it received from BibleGateway.

In the BibleGateway survey, Atlanta was named the most Bible-minded, followed by Dallas; Washington, D.C.; Charlotte, N.C.; Nashville, Tenn.; Raleigh, N.C.; Waco, Texas; Chattanooga, Tenn.; San Antonio and Houston.

The least Bible-minded cities, according to BibleGateway, were Salt Lake City; Burlington, Vt.; Providence, R.I.; Albany and Buffalo, both in New York; Portland, Maine; and Las Vegas. Hartford, Conn., was No. 90; Green Bay, Wis., was 91 and Syracuse, N.Y., was 92.

Critics of BibleGateway's findings noted that its rankings were based on the number of relative page views per household on its website, prompting criticism from LDS Church leaders in Salt Lake City about its methodology. Mormons search the Bible using an app from the LDS Church.

Salt Lake City fared slightly better in the ABS survey, in which it was ranked 87th.

East Coast cities rated low for Bible-mindedness in both surveys. New York City was ranked 74th by BibleGateway and 89th by ABS. Boston was 82nd (BibleGateway) and 98th (ABS).

Besides Boston, the least Bible-minded ciites, according to ABS, are Providence, R.I.; Albany, N.Y.; San Francisco; Cedar Rapids, Iowa; Buffalo, N.Y.; Hartford, Conn.; Phoenix; Burlington, Vt.; and Portland, Maine.

ABS chose Chattanooga as America's most Bible-minded city, followed by Birmingham, Ala.; Roanoke, Va.; Springfield, Mo.; Shreveport, La.; Charlotte; Greenville, S.C.; Little Rock, Ark.; Jackson, Miss. and Knoxville, Tenn.

The ABS study found that an inverse relationship exists between population size and Bible friendliness. Of the top 25 Bible-minded markets, only three have a population of greater than 1 million households: Charlotte, Nashville and Dallas.

2014-03-28T16:00:29Z
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Odds Favor Low-Income Scranton Kids’ Upward Mobility

Odds Favor Low-Income Scranton Kids’ Upward Mobili
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By Nora Tooher

Scranton is ranked ninth among the nation's 100 largest commuting zones in terms of the odds it offers low-income children for upward income mobility.

Children in the Scranton commuting area, including Wilkes-Barre, from families in the bottom fifth of national income have a 10.7 percent chance of moving to the top fifth, according to a recent study from Harvard University.

San Jose, Calif., offers the best odds, at 12.9 percent, followed by Toms River, N.J., Bakersfield, Calif., and San Francisco, all 12.2 percent; Santa Barbara, Calif., 11.3 percent; Washington, D.C., 11 percent; Seattle, 10.9 percent and Salt Lake City, 10.8 percent. New York, 10.5 percent, rounded out the top 10.

In addition to Scranton, several other Pennsylvania cities also offer good odds of economic success. Reading, 9.6 percent, was 18th and Pittsburgh was 20th, at 9.5 percent.

Allentown, at 8.3 percent, was ranked 33rd. The Harrisburg commuting area, including York Township, a suburb in fast-growing York County, was ranked 40th, with 7.9 percent odds. Erie, 7.5 percent, was 46th. The Philadelphia commuting area was 49th, with 7.4 percent odds of upward income mobility.

Memphis, Tenn., was ranked last among the 100 largest commuting areas, offering only a 2.8 percent chance for low-income children to move to the top income level.

Other commuting areas with tough odds were Columbia, S.C., 3.7 percent; Fayetteville, N.C., 3.8 percent; Charlotte, N.C., 4.4 percent; Milwaukee and Atlanta, both 4.5 percent; Greenville, S.C., and Greensboro, N.C., both 4.7 percent and Dayton and Columbus, Ohio, both 4.9 percent.

The study found that upward income mobility varies substantially within the United States.

Areas with greater mobility tend to be less segregated, have less income inequality, better schools, greater social capital and more stable families.

The researchers also concluded that intergenerational mobility is significantly lower in the United States than in most other developed countries, especially in some parts of the United States, such as the Southeast and cities in the Rust Belt.

2014-03-24T13:43:08Z
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30-Year Fixed Mortgage Rates Spike Eight Basis Points

30-Year Fixed Mortgage Rates Spike
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Mortgage rates for 30-year fixed mortgages rose last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.27 percent, up from 4.19 percent at this same time last week.

The 30-year fixed mortgage rate surged early last week, peaking at 4.33 percent on Thursday before dropping down near 4.28 percent, where rates hovered for the remainder of the week.

'Last week, rates surged after the Federal Reserve suggested it might increase the Federal Funds Rate sooner and more significantly than expected, surprising many market observers who look to this rate for guidance on where mortgage rates are headed,' said Erin Lantz, vice president of mortgages at Zillow. 'This week, we expect rates will inch up further on the momentum of last week's direction from the Fed and expectations of positive news from economic data scheduled for release.'

Additionally, the 15-year fixed mortgage rate this morning was 3.22 percent and for 5/1 ARMs, the rate was 2.87 percent.

2014-03-14T16:18:29Z
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30-Year Fixed Mortgage Rates Jump 10 Basis Points

30-Year Fixed Mortgage Rates Jump 10 Basis Points
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.21 percent, up from 4.11 percent at this same time last week.

The 30-year fixed mortgage rate steadily rose last week, peaking at 4.27 percent on Monday before dropping slightly to today's rate.

'Rates rose on Monday to levels not seen since mid-January, as the situation in Ukraine appeared to improve and Friday's jobs report beat expectations,' said Erin Lantz, director of mortgages at Zillow. 'This week, we expect rates to remain fairly steady, unless the economic reports being released in the latter half of the week are strong enough to accelerate the gradual upward momentum we saw following last week's jobs report.'

Additionally, the 15-year fixed mortgage rate this morning was 3.15 percent and for 5/1 ARMs, the rate was 2.74 percent.

2014-03-12T16:44:03Z
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Philadelphia Crime Rate is Fifth-Highest in Nation

Philadelphia Crime Rate is Fifth-Highest in Nation
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By Nora Tooher

The City of Brotherly Love has one of the highest crime rates in the country.
Philadelphia, located just 143 miles southeast of Wilkes-Barre, ranks fifth on a new list of large cities with high crime rates.

The 2014 city crime rankings by Washington-D.C.-based CQ Press were based on six crime categories - murder, rape, robbery, aggravated assault, burglary and motor vehicle theft - reported to the FBI. All metro areas and cities with populations of 75,000 or more that reported crime data in those categories to the FBI were included.

Among metros of all sizes, the Scranton-Wilkes Barre metro area had the 75th lowest crime rate.

Of the nation's largest cities, Detroit had the highest crime rate, followed by Baltimore; Memphis, Tenn., and Milwaukee. Indianapolis was sixth, followed by Oklahoma City; Washington, D.C.; Houston and Dallas.

El Paso, Texas, topped the list of big cities with the lowest crime rates, followed by New York City; Austin, Texas; San Diego; Los Angeles; Charlotte, N.C.; Portland, Ore.; San Jose, Calif.; Seattle and San Antonio.

Among mid-sized cities with populations of 100,000 to 499,000, Flint, Mich., had the highest crime rate, followed by Oakland, Calif.; St. Louis; Cleveland; Newark, N.J.; Bridgeport, Conn.; Birmingham, Ala.; Jackson, Miss.; New Orleans and Richmond, Calif.

Amherst, N.Y., had the lowest crime rate of mid-sized cities, followed by Irvine, Calif.; Cary, N.C.; Frisco, Texas; Naperville, Ill.; Woodbridge Township, N.J.; Thousand Oaks, Calif.; Murrieta, Ga.; Glendale, Calif.; and Edison Township, N.J.

And if you're looking for a small city with a low crime rate, Fishers, Ind., a suburb of Indianapolis, has the lowest crime rate of cities with populations of 75,000 to 99,999. Camden, N.J., is the nation's small-city crime capital, with the highest crime rate among smaller sized cities.

Several cities, including Chicago, were not included in the study because crime data for all six crime categories was not available. Others left out of the analysis included Columbia, S.C.; Columbus, Ohio; and Honolulu.

2014-03-12T16:26:16Z
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Study: Steel City is World’s Most Affordable Housing Market

Steel City World’s Most Affordable Housing Market
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By Nora Tooher

You don't have to leave Pennsylvania to find the best housing value in the world.

According to a recent annual Demographia International Housing Affordability Survey, Pittsburgh's real estate market, just a four-hour drive from Wilkes-Barre, is the most affordable in the entire world.

The study by the Illinois-based consulting firm analyzed 85 major worldwide markets with populations of more than 1 million each in Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States.

Housing affordability was defined as the ability to buy a home for less than about three times an urban household's yearly income. The rankings were determined by median house price divided by median household income.

With a median house price of $116,000 and a median household income of $51,400 as of the third quarter of 2013, Steel City offered the best housing value of any major market in the world.

Detroit followed Pittsburgh, Grand Rapids, Mich., and Rochester, N.Y. A cluster of other U.S. cities ranked among the most affordable markets worldwide, including Atlanta; Buffalo, N.Y.; Cincinnati; Cleveland; Indianapolis; St. Louis and Columbus, Ohio.

Hong Kong was deemed the least affordable market in the world, followed by Vancouver, Canada; San Francisco; Sydney, Australia; San Jose, Calif.; Melbourne, Australia; Auckland, New Zealand; San Diego; Los Angeles and London.

The study also analyzed the U.S. market on its own, and found 84 affordable markets, 100 moderately unaffordable markets, 29 seriously unaffordable markets and 23 severely unaffordable markets.

U.S. markets pegged as 'severely unaffordable' were: Boston; Los Angeles; Miami; San Diego; New York; San Francisco; San Jose, Calif.; and Seattle.

The study warned of indications of a 'substantial worsening housing affordability situation in California,' especially in San Francisco, San Jose, San Diego and Los Angeles.

Ireland had the most affordable markets of the nations studied, followed by the United States, Canada and Japan. The least affordable markets were in Hong Kong, Australia, New Zealand, Singapore and the United Kingdom.

2014-03-06T16:33:37Z
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30-Year Fixed Mortgage Rates Decline First Time in 4 Weeks

30-Year Fixed Mortgage Rates Decline
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.11 percent, down from 4.18 percent at this same time last week.

The 30-year fixed mortgage rate declined steadily last week, dropping to as low as 4.09 percent on Monday before rising slightly to today's rate.

'Rates drifted downwards last week as geopolitical concerns emerged from the turmoil in Ukraine,' said Erin Lantz, director of mortgages at Zillow. 'This week, while the jobs report on Friday is typically the dominant market catalyst, we expect rates will remain depressed while the situation in Ukraine remains unsettled.'

Additionally, the 15-year fixed mortgage rate this morning was 3.08 percent and for 5/1 ARMs, the rate was 2.69 percent.

2014-02-27T12:44:01Z
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30-Year Fixed Mortgage Rate Remains Unchanged

30-Year Fixed Mortgage Rate Remains Unchanged
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Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday.

The 30-year fixed mortgage rate remained stable for the week, hovering between 4.17 and 4.22 percent for the majority of the week.

'Rates were steady last week as uncertain economic data left markets with a fuzzy picture of the health of the economy,' said Erin Lantz, director of mortgages at Zillow. 'This week, we expect the uncertainty to continue, leaving rates fairly flat.'

Additionally, the 15-year fixed mortgage rate this morning was 3.17 percent and for 5/1 ARMs, the rate was 2.75 percent.

2014-02-18T08:58:04Z
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30-Year Fixed Mortgage Rate Rises for Second Consecutive Week

30-Year Fixed Mortgage Rate Rises for Second Week
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Mortgage rates for 30-year fixed mortgages rose again this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, up from 4.14 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 4.17 and 4.21 percent for the majority of the week, spiking to 4.27 percent on Wednesday before dropping back down to 4.18 percent on Thursday.

'Last week, rates rose briefly when comments by Janet Yellen, the new Federal Reserve Chair, ended speculation that the Fed might delay the winding down of its stimulus program due to recent weak economic data,' said Erin Lantz, director of mortgages at Zillow. 'During this holiday-shortened week with limited economic data scheduled for release, we expect rates will continue to follow the gradual upward path of the past two weeks.'

Additionally, the 15-year fixed mortgage rate this morning was 3.14 percent and for 5/1 ARMs, the rate was 2.71 percent.

2014-02-11T19:58:24Z
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30-Year Fixed Mortgage Rate Rises Slightly

30-Year Fixed Mortgage Rate Rises Slightly
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace 4.14 percent, up from 4.09 percent at this same time last week.

The 30-year fixed mortgage rate rose early last week before leveling off near 4.13 percent on Friday.

'Rates were essentially unchanged last week despite a weaker than expected jobs report,' said Erin Lantz, director of mortgages at Zillow. 'Although this week marks Janet Yellen's first congressional testimony as the new Federal Reserve Chair, we expect rates will remain fairly flat.'

Additionally, the 15-year fixed mortgage rate this morning was 3.13 percent and for 5/1 ARMs, the rate was 2.80 percent.

2014-02-05T10:47:13Z
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30-Year Fixed Mortgage Rate Drops to 4.09 Percent — Lowest Rate in 10 Weeks

30-Year Fixed Mortgage Rate Drops to 4.09 Percent
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Mortgage rates for a 30-year fixed mortgage fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.09 percent, down from 4.18 percent at this same time last week.

The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.07 percent on Monday before rising to the current rate this morning.

'Recent weakness in emerging markets helped push rates down last week to 10-week lows as investors turned toward more reliable assets like mortgage-backed securities,' said Erin Lantz, director of mortgages at Zillow. 'If Friday's jobs report is strong enough, it has the potential to pause a downward slide in rates and offset emerging market concerns.'

Additionally, the 15-year fixed mortgage rate this morning was 3.10 percent and for 5/1 ARMs, the rate was 2.72 percent.

2014-01-28T12:29:56Z
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30-Year Fixed Mortgage Rate Declines Slightly

30-Year Fixed Mortgage Rate Declines Slightly
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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace 4.18 percent, down from 4.23 percent at this same time last week.

The 30-year fixed mortgage rate remained stable for the majority of the week, peaking on Wednesday at 4.26 percent before dropping to the current rate over the weekend.

'Last week, rates dipped abruptly after China's lackluster manufacturing report triggered concerns about the health of the global economy,' said Erin Lantz, director of mortgages at Zillow. 'This week, markets will look to Wednesday's Fed announcement about unwinding its stimulus program and Thursday's GDP numbers as indicators of whether the U.S. economy can continue to improve. Mortgage rates could be affected by either or both.'

Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent and for 5/1 ARMs, the rate was 2.80 percent.

2014-01-27T10:25:51Z
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Wilkes-Barre Home Values Increasing

Wilkes-Barre Home Values Increasing
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By Nora Tooher

Home values in Wilkes-Barre are on the rise, with the latest Zillow Value Home Index up almost 1 percent on a year-to-year basis.

Wilkes-Barre's home value index of $52,200 was up 0.6 percent at the end of August from the same period a year before, and 0.2 higher from the previous month.

The ZHVI is Zillow's median valuation for a specific geographic area, and includes single-family homes, condominiums and cooperatives.

Home values in several nearby communities also increased through the end of August. Wilkes-Barre Township's ZVHI of $60,800 was up 7 percent on a year-to-year basis. And home values in Hanover Township increased a strong 14 percent from the same period a year ago to $79,200.

Communities where home values declined from a year ago included Kingston, down 4.4 percent; Forty Fort, down 5.7 percent; Luzerne, down 0.6 percent and Swoyersville, down 7.1 percent.

Nationwide, home values increased through August to $162,100, a 6.6 percent gain from the year before, and the largest increase since July 2006.

Eighty-five percent of the metros Zillow covers recorded annual home value appreciation in August. And 20 of the 30 largest metro areas covered by Zillow saw annual appreciation of 10 percent or more.

Nationwide, metros with large annual increases in August included Sacramento, Calif., 34.1 percent; Las Vegas, 30.6 percent and Riverside, Calif., 29.7 percent.

But Zillow expects the double-digit home appreciation gains to slow as inventory shortages ease and mortgage rates rise.

Statewide, Pennsylvania's home value index of $144,400 was up 3 percent from the same period last year.

In the Philadelphia metro area, home values increased 2.5 percent on an annual basis to $189,600. Pittsburgh metro home values rose 4.6 percent to $112,900, and the Allentown metro ZVHI increased 0.9 percent to $165,700.
Zillow is forecasting a 5.2 percent increase in U.S. home values through August 2014.

2014-01-27T10:32:37Z
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Scranton-Wilkes-Barre Ranks Last in Economic Recovery

Scranton-Wilkes-Barre Ranks Last Economic Recovy
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By Nora Tooher

The local economic picture remains gloomy, with the Scranton-Wilkes-Barre metro area, ranked dead last among the nation's 100 largest metro areas in recovering from the recession.

The Brookings Institution's second-quarter Metro Monitor index of economic recovery showed that the local metro area dropped one spot from 99th in the first quarter to 100th at the end of the second quarter.

Employment recovery has been slow, with the Scranton-Wilkes-Barre metro area ranked 97th, with only a 1.4 percent employment gain from its recession low in the fourth quarter of 2009.

Area house prices slipped 1.1 percent from the first quarter of the year to a new low, placing the region 78th for housing price recovery.

Unemployment is down only 0.5 percent from its trough peak in the fourth quarter of 2012.

Output, a total measure of economic activity, is up a healthy 6.3 percent from its low point in the third quarter of 2009, but remained flat from the previous quarter.

The economic recovery picture was mixed in the rest of Pennsylvania, with Philadelphia and Harrisburg also at the bottom of the pack, ranked 97th and 95th overall, respectively.

Allentown, where economic output has increased 9.1 percent from its recession low, was ranked 66th overall and Pittsburgh came in 52nd.

Nationwide, most large metro areas saw output rise during the second quarter, while 15 experienced contractions.
The longer-term pace of recovery ranks strongest in metropolitan areas of Texas, Louisiana, Tennessee, the Carolinas, Michigan and parts of California, the Mountain West and the Pacific Northwest.

Austin, Texas; Portland, Ore.; and San Jose, Calif.; have each posted output growth of more than 20 percent since their respective low points.

Metro areas with the weakest output recovery were clustered in Florida, California, New York, Pennsylvania and Connecticut.

In parts of the country hit hardest by the housing crisis - California, Florida, Michigan and the Mountain West - recoveries have been strong, but there is still substantial ground to be made up, the report's authors said.

In contrast, metro areas of the Northeast, where the recession was relatively weaker, are exhibiting much slower growth today, according to Brookings.

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