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The Dena Atkins Real Estate Blog
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Friday, March 27, 2009
'The Manor' is for sale in Holmby Hills for a cool $150 million
It's here!. The most gorgeous home in Hollywood is finally hitting the market. Two years after his death and just a week
after his widow bought a new LA condo for $47 million, it appears the legendary home of later super-producer Aaron Spelling
is for sale. The home, affectionately known as "the Manor," was originally bought in 1991 after being previously
owned by Bing Crosby. But Spelling, whose shows practically raised us, didn't just renovate the massive property. Oh no!
He  instead decided to demolish it and replace it with a 123-room, 56,000 square-foor palace. According to the CBS affiliate in
Los Angeles, uploaded here via Good Morning Yahoo!, Spelling's widow is asking for $150 million. The details on the property
are still coming in slowly, although the video has some interior shots, but we already know it's the biggest home in Hollywood,
not to mention the edifice that raised (presumably with the help of some well-paid domestic help) Tori Spelling. In the end,
it all balances out.
Thursday, March 26, 2009
Long-term mortgage rates hit record low
 The 30-year fixed-rate mortgage rate has dropped to its lowest level on record.
The average rate is the lowest in McLean,
Va.-based Freddie Mac's weekly survey dating to 1971. Freddie Mac (NYSE: FRE) says its Primary Mortgage Market Survey shows the 30-year fixed-rate
mortgage (FRM) averaged 4.85 percent with an average 0.7 point for the week ending March 26, down from last week when it averaged
4.98 percent. Last year at this time, the 30-year FRM averaged 5.85 percent. The 30-year FRM has not been lower in the life
of Freddie Mac’s weekly survey, which dates back to 1971 for the 30-year FRM. The 15-year FRM this week averaged
4.58 percent with an average 0.7 point, down from last week when it averaged 4.61 percent. A year ago at this time, the 15-year
FRM averaged 5.34 percent. The 15-year FRM has never been lower in the life of Freddie Mac’s weekly survey, which dates
back to 1991 for the 15-year FRM. Rates for 30-year FRMs peaked last year at 6.63 percent on July 24th. With this week's
30-yr FRM, the interest rate difference is almost 2 percentage points, which amounts to a savings of about $225 in monthly
mortgage payments for a $200,000 loan.
The Players Championship May 6-10, 2009 Ponte Vedra Beach Florida
 The fans of the PGA Tour have said they want some better deals as the slow economy stretches their
wallets, and the organizers of The Players tournament at TPC Sawgrass in Ponte Vedra Beach are ready to deliver. Among
the value-added improvements to the tournament announced this morning: • All fans 16 and under will be allowed
in to the tournament for free, if accompanied by an adult with a ticket. • In a nod to the warm weather in early
May, the tournament will include hydration stations this year around the course, where water can be purchased for $2.50 a
bottle. • Fans can pick up a $5 lunch and beer sales will be extended one hour, to 6 p.m. “We’ve
listened to our fans,” said Players Executive Director Jay Monahan in a morning press conference. The tournament’s
first round will be Thursday, May 7.
Friday, March 20, 2009
What is the $8000 tax credit really about?
 While at the office of Dr. Richard C. Talton, my wonderful chiropractor, the question was raised 'How do you get that
$8000 when buying a new home?' Well, I understand the high points of this new stimuli, but what about the nuts and
bolts? I found this website: www.federalhousingtaxcredit.com/2009/resources.html This website goes beyond the first time homebuyer who purchases a principle residence between Jan. 1, 2009 and
December 1, 2009 type info. Check it out and then we'll begin the search for your dream home!
Friday, March 13, 2009
Home Buyer Tax Credit Website Attracts More Than 840,000 Visitors
RISMEDIA, March 9, 2009-A record 844,000 prospective home buyers visited NAHB’s FederalHousingTaxCredit.com website
in February to learn about the new $8,000 tax credit for first-time home buyers that was enacted last month as part of the
landmark $787 billion economic stimulus package. “We are very pleased and encouraged that so many people are visiting
our informational website at www.FederalHousingTaxCredit.com,” said Joe Robson, chairman of the National Association
of Home Builders (NAHB) and a home builder from Tulsa, Okla. ”The spike in traffic on our website is a strong indication
that the tax credit will help get some fence sitters into the market and will help breathe some life back into the depressed
housing market.
“While we were disappointed that the tax credit was not larger and was not extended to all home
buyers, Congress did make it a true tax credit,” Robson said. “Unlike the credit that was enacted in 2008, it
does not have to be repaid.”
Daily site traffic at www.FederalHousingTaxCredit.com started building in the week
before the economic stimulus legislation was enacted, and peaked at almost 59,000 on Feb. 18, the day after the legislation
was signed.
NAHB anticipates that the tax credit will result in about 160,000 additional home sales in 2009.
For
additional information about housing and home buying, visit www.NAHB.org.
Fri, March 13, 2009 | link
Fri, March 13, 2009 | link
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