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London's lofty luxury real estate prices drove this UK rapper to better himself

London may be out of reach for many potential real-estate buyers, with the average detached home in the city costing almost £900,000 ($1.17 million) according to the latest figures from the U.K. land registry.

But for British rapper Tinie Tempah, who was raised on welfare and lived on a housing project in south-east London, the city's luxury homes drove his ambition.

He told CNBC's "Trailblazers" that London is unique since it has a mix of government council estate blocks of houses and beautiful million-plus pound terrace houses on the same road.

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Zephyr Real Estate Presents Second Quarter Awards for Marin Office

SAN FRANCISCO, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Zephyr Real Estate has announced the 2017 second quarter sales awards for its Marin office.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9741ec84-11bf-45b9-9d6d-f517c77dbe79

Highest Dollar Volume for a Team goes to Domain Marin (led by Jenn Pfeiffer and Andrew Roth) with an impressive $15.3 Million. With more than 40 collective years of experience and hundreds of successful transactions, this team has developed a stellar reputation and a loyal customer base. Domain Marin also takes the award for Largest Sale Representing Buyers with $4.85 Million. Jenn Pfeiffer may be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. or 415.302.3198, and Andrew Roth may be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. or 415.786.6548.

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San Francisco Luxury Market Expected to See a Hot Autumn

After a lull in the San Francisco luxury property market during the summer months, September is set to stir up a wave of new listings of high-end homes in the technology capital of the world, according to a report Wednesday.

Since the real estate market began to recover in 2012, each September has seen a record number of luxury homes coming onto the market. This September is likely to continue the trend, according to Patrick Carlisle, vice president of business development at San Francisco-based Paragon Real Estate.

“The next couple of months will be the peak selling period for high-end homes until spring 2018 rolls around,” he said. “We will definitely see more luxury listings, the question is how big the surge will be.”

More: Click to Real More About San Francisco Luxury Real Estate

September marks the single month with greatest number of new listings each year. The number of luxury homes, which Paragon defines as those priced at $2.5 million and above, listed in September rose from 65 in 2014 to 75 in 2015, and then to 125 in 2016. 

The data is generated from Multiple Listing Service and excludes off-market sales and most new developments, Mr. Carlisle pointed out.

Summer months are slow for the San Francisco real estate market, especially the luxury segment. In July, the number of new listings with a price tag of $2.5 million and above fell in the range of mid-30s. Paragon has yet to release the data for August, but it is likely slower than July.

As of Sept. 1, the median sales price for single-family houses in San Francisco was $1.418 million; it was $1.16 million for condos, according to the report.

Most luxury houses are located in the traditionally affluent neighborhood of Pacific Heights, while new condo and co-ops tend to be concentrated in Russian Hill and South Beach areas.

For ultra-luxury $5 million-plus homes, the district comprised of Pacific & Presidio Heights, Cow Hollow and Marina dominates with 75% of sales over the last 12 months.

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A major Dubai-based luxury Real Estate starts accepting payments in Bitcoin

 

A Real Estate firm of significant stature has launched a huge luxury property development in Dubai. In the $325 million investment, the consumers will be able to buy a studio apartment with prices starting north of 30 bitcoins.

The Isle of Man-based Knox has started a big real estate development in the commercial hub of Dubai. The property which is being valued at $325 million spans over 22.3-hectare and will contain two 40-storey residential towers. Called the “Aston Plaza and Residences”, the Real Estate firm is being regarded as the first capital firm which has resorted to accepting Bitcoins as one mode of payment.

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Luxury homes: $2.36M Scottsdale mansion features open-concept chef's kitchen

Tennis courts, home theaters and wine cellars are among the luxurious features in this week's priciest home sales in metro Phoenix.

$3,337,950  

Eric Moltz, CEO at Moltz Construction Inc., and his wife, Kristi, purchased this mansion in north Scottsdale's Estancia community. The four-bedroom, 4½ bathroom 6,069-square-foot estate has unobstructed views of the surrounding golf course and Pinnacle Peak. The house features a stunning Tuscan design with natural field stone, wrought iron, granite counters and wood beams throughout. The bedrooms are all ensuite, in addition to a dedicated office. The home is also sited with ideal southwest solar orientation to enjoy the winter sun. The backyard features a heated pool and spa, stone fireplace, outdoor kitchen, two covered dining patios, professional landscaping and an observation deck with a fireplace to enjoy sunset views. Gary Hourihan, executive chairman at Echelon Compensation partners, and his wife, Deborah, sold the home through their trust.

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Baltimore politicians are letting union jobs die while making way for luxury real estate

Elected officials are still taking heat for their recent decision to award nearly $1 billion in public benefits for a luxury real estate project on the old industrial waterfront. Lawmakers were further embarrassed in July when it emerged that one of the immediate results of the award is to kill roughly 100 of the few remaining unionized manufacturing jobs in a city still reeling from the 2015 uprisings against police killings.

Workers at the Locke Insulators plant were “stunned” July 10 to learn that corporate managers intended to close the factory and eliminate their jobs, says Dennis Orton, a representative of the United Electrical (UE) union. Without consulting workers, union representatives or community leaders, the company filed a legally required notice that it would shutter the plant permanently in just 60 days, Orton reports.

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Mortgage Lock-ins 101

September 2, 2017

When you are shopping for a home mortgage, you will probably be given the opportunity to "lock in" an interest rate when you are initially approved for your loan. This enables you to fix the interest rate you're quoted upon loan approval for a limited period of time.

Mortgage interest rates can be volatile, changing on a day-to-day basis. By locking in your quoted rate, you don't have to worry about your mortgage rate (and your monthly payment) rising during the time period between when you are initially approved for a loan and the loan actually closes.


Standard vs. Extended Lock-In

Most lenders will provide a standard 30-day rate lock at no additional charge. This will protect you from rising rates for 30 days after your mortgage is approved. But there is no guarantee that your loan will close within 30 days, so you could be exposed to rising rates if your mortgage takes longer than this to close.

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What experts say Hurricane Harvey communities need most

What experts say Hurricane Harvey communities need most

It goes against the grain for many in real estate to simply send a check, but that’s exactly what Houston needs right now

Learn the New Luxury Playbook at Luxury Connect | October 17-18 at the Beverly Hills Hotel

There is a feeling in the real estate industry that writing a check isn’t enough when it comes to giving — that you have to physically do something to truly make a contribution.

But this week, the Houston Association of Realtors and Giveback Homes both stressed that monetary donations are what’s needed most to help get the real estate community and the whole Houston community get back on its feet.

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Texas leads the way in WalletHub’s best real estate markets list

Texas leads the way in WalletHub’s best real estate markets list

Frisco, McKinney and Allen are perfect for first-time buyers
  • Texas ranks no. 1 thanks to robust residential building, strong home value appreciation and jobs growth.

Beyond country music, world-famous barbecue and one-of-a-kind hospitality, you’ll find the nation’s best real estate markets in Texas — the cities of Frisco, McKinney and Allen took the top three spots WalletHub’s 2017 list.

WalletHub analysts compared 300 small-, mid- and large-sized cities across 21 indicators of housing market strength and attractiveness that include factors such as home value forecast, average number of days on market, buy vs. rent breakeven horizon, housing affordability and job growth rate.

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$128M acquisition puts Ellie Mae closer to ‘first true digital mortgage’

Agents and brokers know that one of the most painful parts of a real estate transaction is one that continues to be mired in paperwork: obtaining the mortgage ...
Original author: Andrea V. Brambila
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