800 people donate to save Langston Hughes’ house


Here is the latest Real Estate News from CNN Money.

800 people donate to save Langston Hughes’ house
Over $50,000 has been raised to turn the former home of legendary poet Langston Hughes into an arts collective. The home is currently unused and was in danger of being put up for sale.

The battle to save Langston Hughes’ $3 million home
Langston Hughes’ Harlem home has shot up in value in recent years. A group of writers is raising money to save it from being turned into condos or coffee shops.

Playboy Mansion sold for $100 million
Playboy Mansion sold for $100 million, about half the asking price but more than any other L.A. home in history.

Vancouver just hit foreign homebuyers with a massive tax
A new tax goes into effect in Metro Vancouver today that imposes a 15% property transfer tax on foreign buyers.

U.S. expands crackdown on secret real estate buyers
It’s about to get harder for some luxury all-cash home buyers to hide their identity from the U.S. government.

Keith Olbermann is thrilled he sold his Trump apartment
Keith Olbermann has sold his apartment in Trump Palace.

I pay more than half my income in rent
Read full story for latest details.

UK housing market freezing up (and lower prices are coming)
Activity in the U.K. housing market has slumped since the Brexit vote and property professionals are predicting price falls across the country.

U.K. home prices could drop. But don’t get too excited…
First-time home buyers may be excited that U.K. house prices could soon fall in the wake of the Brexit vote. But it’s not all good news for potential home buyers.

Investors bail out of U.K. real estate on Brexit shock
Britain’s vote to leave the European Union is sending shock waves through its property sector, leading worried investors to delay purchases and bail out of real estate funds.

Why Brexit is great news for U.S. homebuyers
The average rate of a 30-year fixed mortgage dropped to 3.48% — the lowest level since May 2013, according to Freddie Mac.

Renters: You’re paying more for less space
The average size of a rental has shrunk 8% in the last 10 years, according to RentCafe.

Waldorf Astoria’s Chinese buyer to turn most of rooms into condos
Massive renovation by Chinese insurer Anbang Insurance will close landmark Waldorf Astoria for more than a year to convert most rooms into luxury condos.

11 million Americans spend half their income on rent
The number of people spending half their income on rent hit a record high in 2014, according to the Joint Center for Housing Studies of Harvard University.

This massive L.A. home can be yours for $150 million
A massive mansion in Los Angeles is for sale for $150 million. It has 10 bedrooms and 20 full bathrooms.

Did San Francisco’s housing market finally peak?
Home prices in San Francisco dropped 1.8% in March, the first decline in four years.

Is it better to buy or rent in retirement?
Read full story for latest details.

Brexit fears are hitting London’s real estate
Investment in central London offices hit its lowest level in five years in the first quarter, as the referendum on Britain’s future in the European Union looms.

They’re back! Barclays offers 0% down payment mortgages in UK
Read full story for latest details.

Zillow CEO: When you should buy vs. rent
Read full story for latest details.

Keith Olbermann is dumping his Trump Palace apartment
Keith Olbermann is making good on his promise to sell his apartment in Trump Palace in Manhattan’s Upper East Side.

San Francisco is expensive and residents are over it
Read full story for latest details.

Oil boom towns could be facing real estate busts
Homes are flying off the market nationwide, except for sellers in oil-heavy markets, according to a new report out of Trulia.

How I bought a house at age 25
Meet the 26 year old woman from Cleveland, Ohio who already owns a house, and has a tenant, an IRA and a 401K. She’s not rich, she’s just smart with her money.

Buy Trump’s former mansion for $45 million
This massive Connecticut mansion was once owned by Donald Trump, and it’s price was recently reduced to $45 million.

6 emerging real estate markets
Here are six emerging real estate markets around the globe that are ripe for opportunity, according to Christie’s International Real Estate.

Home Depot shines as more Americans nest
Read full story for latest details.

Was my home a good investment?
Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.

The housing market is suddenly hot again

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