When it comes to real estate, a paraphrase of the old saying, “The bigger they are, the harder they fall,” could be, “The deeper the prices fall, the faster they recover.” All across the country, pending sales — the number of contracts written in any given 30 day period — are on the rise in cities and regions where prices have hit what we call the “psychological pricing barrier.”

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What’s the single biggest headache for anyone trying to pull together a short sale right now?

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Forbes.com uncovers the 30 priciest properties in Asia, Africa,
Australia, Europe and North and South America.

Click the link below to read the full story:
http://www.forbes.com/2005/07/29/expensivehomes-world-realestate-cx_sc_0729home_ls.html

This amazing Bel-Air home made it to #5 on the list.  Read below for more information:

Price: $53 million
Location: Bel-Air, Calif.

As one might expect with a tremendous home in one of California’s priciest neighborhoods, no expense was spared with this Mediterranean-style villa. Totaling more than 34,000 square feet, the lavish home has nine bedrooms and 20 baths spread over four floors. The impressive entryway is lit by a 9-foot-tall French crystal chandelier. The formal living room is capped by a 20-foot domed ceiling painted with sky scenes that can be lit eight different ways. The huge entertainment area includes a bowling alley, game room, screening room, racquetball court, fitness room and sauna. And the acre-plus of land is landscaped with lawns, a rose garden and fruit trees. It is listed with Jade Mills at Coldwell Banker.

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California Real Estate News

CNN Money reports on the fast growing California Real Estate Market and a view from a panel of professionals.

Speaking at the annual Milken Institute Global Conference, executives of KB Home, M.D.C. Holdings Inc and Starwood Hotels & Resorts Worldwide Inc and Equity Group Investments discussed the real estate market as one of the greatest property booms ever.

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Tapping your home’s potential as a business venue lets you cash in on the intrinsic value of a roof over your head without treating it like an ATM.

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A recent Supreme Court ruling just increased state s rights to tax income made in other states.

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“Help me help my agents.” Training experts across the nation are scrambling to answer this challenging plea as our markets continue to shift and normalize.

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Despite all the grim news about gas prices and recession, there are more than a few encouraging signs popping up in the national economy that aren’t getting a lot of attention.

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It’s getting harder for you to impress buyers and sellers. Sellers are using sites like Zillow and YouTube because they can upload the same listing information as professionals can, if not better.

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The health of a homeowner association is important to measure from time to time. Fortunately, even poor health is curable but identifying the problem precedes the cure. Here are a series of self-diagnosis questions to help you out:

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