POMPANO BEACH, FLA. (STL.News) – August’s Top 10 U.S. Real Estate News
“Barack & Michelle Obama Buying Martha’s Vineyard Beach Mansion”
According to TMZ, Barack and Michelle Obama are buying a seven-bedroom beach home on Martha’s Vineyard. The asking price is near $15 million.
“Megan Markle’s Home Before Royalty”
Megan Markle’s former L.A. home, where she lived when she was an actress and before her marriage to Prince Harry, is for sale at $1.8 million. Markle lived there during her marriage to American film producer Trevor Engelson.
“U.S. International Real Estate Sales Plunge”
International investments for residential real estate in the United States have declined 36% since early 2018. According to data from the National Association of Realtors, internationals purchased $121 billion in U.S. homes between April 2017 and March 2018, but only $78 billion between April 2018 and March 2019.
“Adam Lambert’s Hot Hollywood Hills Pad”
The Sunset Strip home that Adam Lambert bought in 2009, the same year he appeared on ‘American Idol,’ is on the market at $3.35 million.
“Matthew Perry’s Fab L.A. Penthouse”
Matthew Perry’s 40th-floor penthouse in L.A.’s celebrity-approved Century condominium is for sale at $35 million. Perry purchased the condo, which covers the entire 40th floor of the building, right after selling another stunning home in L.A.’s Hollywood Hills Bird Streets in 2017. Candy Spelling, Paula Abdul, Elizabeth Berkley and Rihanna are some of Matthew’s neighbors.
“Brady – Bundchen Mansion For Sale”
Six-time Super Bowl-winning quarterback Tom Brady and his super-model-wife, Gisele Bundchen, have put their Brookline, Massachusetts home on the market for $39.5 million. Speculation is that they are thinking about moving closer to New York City.
“South Florida’s Too-Big Condo Inventory”
According to one expert on the Miami condo market, 90 percent of the new construction since 2012 has already been purchased. Expect a new cycle of Florida pre-construction condo sales to start next year with completion in 2025 or later.
“Sugar Ray Leonard’s $52 Million Mansion”
Boxing legend Sugar Ray Leonard has listed his 16,700-square-foot villa in Pacific Palisades for almost $52 million. Leonard and wife, Bernadette, had the home custom built 22 years ago with seven bedrooms, tennis court, pool and a gym.
“More Mortgages, Less Cash from Home Buyers”
With lower mortgage rates and less competition for homes, fewer people are paying all cash for their home purchase. In 2014, all-cash buyers were as many as 33% of the home buyers. In June, all-cash buyers were down to 16%.
“Buffalo’s Frank Lloyd Wright Legacy”
Some of Frank Lloyd Wright’s best work can be found in Buffalo including the 15,000-square-foot Martin House that the State of New York spent 27 years and $52 million to restore.
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