CandysDirt.com
Is this the private Dallas water park that braces built? And would you even consider putting in a water park in a private home? Texas Drills Down on Medicaid Dental Fraud” (sub. rec.) is a headline in today’s Wall Street Journal. What do they mean by that? Possibly the business practices of people like Richard Malouf who is…
Our Miami correspondent, Andrea Kavanagh, is back and house-hunting for us! Calling all billionaire art aficionados and free-spending, globe-trotting investors! Miami is all a buzz over Ocean Drive’s most infamous residence to hit the sizzling hot real estate market at a whopping $125 million. Casa Casuarina, also known as the Versace mansion, is an iconic…
Happy Fourth of July, 2012. We live the American Dream of real estate here in Texas more than anywhere. Maybe it’s because we learned our lesson back in the 1980’s — R.I.P. Danny Faulkner. Not only did we learn, we RETAINED. When I was in Denver at the National Association of Real Estate Editors Conference last month, Mark Fleming, the dashing economist for CoreLogic, told me over drinks that what saved our butts this time around was our state set limits on HELOCs, or home improvement loans. In Texas, we are limited on what we can borrow against our homesteads. That is what kept many of us from over-borrowing, so when the market fell we were not left with underwater loans*. I walked into our bank yesterday, Comerica, which I LOVE — who else sends you a thank-you note when you pay off a loan? But more than three people asked if they could offer me a home-improvement loan in the course of one hour. You know me, I’d buy a second home in a heartbeat! Our laws in Texas saved us, said Mark, in spite of ourselves.
Ryan Jones over at the Times-Picayune reports that New Orleans Saints coach Sean Payton has apparently, cryptically filed for divorce from his wife, Beth. Tricky, but smart move here: a Tarrant County divorce petition was filed on June 14, the filings using initials so as to avoid making the Paytons’ identities public. Ryan says: They…
Real estate rules. But have I ever told you my story, why I am so obsessed with real estate and why I blog? It goes like this: I was a journalist, a magazine journalist, who covered real estate as a journalistic beat, then got hooked. I realized that blogging about homes and featuring them on the web is really the only and best way to market homes. If you disagree, I want to know. And I may challenge you to an ad dual. Agents in Silicon Valley don’t even bother with print any more: 89% of buyers search for homes on line, and internet buyers’ incomes are 25% higher than traditional print buyers. By the time a certain listing is printed, that home may have a price change or even be sold, if anyone ever reads it. In fact, the homes we feature are selling sell and when we write about a home, the open houses are overflowing. This one sold four days after our posting. From a reader in Plano:
