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Young couple share trials and tribulations of fixing up old homes, plus offer detailed advice on all kinds of DIY projects.

By Teresa at MSN Real Estate Mar 21, 2011 12:55PM

Back in 2006, John and Sherry Petersik left New York and bought a 1,300-square-foot brick ranch house in Richmond, Va., and begin fixing it up.

 

Sixteen months later, as they prepared to renovate the kitchen, the young couple began writing about their experiences on a blog called "Young House Love." When they won $5,000 in a contest from RemodelingMySpace.com for the best home-improvement blog, they realized their renovation chronicle might be more than a hobby.

By May 2010, "Young House Love" had become one of the nation's most popular home-improvement blogs. The Petersiks had so many visitors, 3.5 million a month, that they could make the blog and related work their full-time job. They also signed a contract for a book, due out next year.

 

"We're keeping a diary and sharing our life," says Sherry Petersik, 28, in the Washington Post. "It’s rewarding to get support for that. And it's rewarding to know our little old diary is encouraging others to make their homes something they’re proud of, too."

 

Michael Jackson's 2,700-acre property will soon hit the market, sources say.

By MSN Real Estate partner 12 hours ago

© Jason Kirk/Getty ImagesBy Zack O'Malley Greenburg, Forbes

 

Although Michael Jackson moved out of Neverland years before his untimely passing, the 2,700-acre property remains indelibly associated with the King of Pop to this day. Soon, however, the connection will be only in thought, not deed: Neverland is set to be sold.

 

According to sources familiar with the matter, billionaire Tom Barrack's Colony Capital is preparing to put the Los Olivos, Calif., property on the market. The firm became Neverland's managing partner after Barrack struck a deal with Jackson in late 2007 to take over the $23 million note held by private equity fund Fortress.

 
Tags: celebrity

Foreclosures themselves are down nearly 10 percent from last year, CoreLogic says.

By MSN Real Estate partner 13 hours ago

By Mamta Badkar, Business Insider

 

Post begins below chart

 

Unofficially known as 'Potterville,' this Montana subdivision takes to the streets to show its love for the book and movie franchise. See what's for sale here.

By MSN Real Estate partner 15 hours ago

WireImage/Getty ImagesBy Emily Heffter, Zillow

 

When the muggles who live in this neighborhood on the west side of Missoula, Montana, talk about their subdivision, they don't call it by its given name, Windsor Park. They always call it Potterville.

 

That's because all the streets are named after words and characters in the wildly popular Harry Potter series of books and movies.

 

"My husband may have maybe rolled his eyes a little bit when he realized what we were getting into," said Jennifer Piippo, who lives on Potter Park Loop. She's a fourth-grade teacher and is well-versed in the intricacies of the seven-book franchise.

 

Mortgage companies processing HAMP applications can't keep up with demand, watchdog's report finds.

By MSN Partner 16 hours ago

By Joe Light, The Wall Street Journal


WSJThe Obama administration's signature program to aid struggling homeowners has hit another speed bump: The mortgage companies processing applications can't keep up with demand.

 

More than 221,000 applications to the Home Affordable Modification Program were waiting to be processed by mortgage servicers at the end of May, according to a government report scheduled for release Wednesday. That is up from a backlog of 133,649 unprocessed applications at the end of November.

 
Tags: loans

In the next six months, 67 percent of consumers may be making over some part of their home, according to a realtor.com survey.

By MSN Real Estate partner Wed 1:20 PM

© Digital Vision/PhotolibraryBy Scott Gamm, MainStreet

 

Consumers are shelling out money to improve their homes, a new survey says.

 

According to realtor.com, 67 percent of consumers plan to renovate within the next six months and some 32 percent will spend over $10,000 on renovations.

 

"This shows there is some disposable income out there among homeowners," says Leslie Piper, a housing specialist with realtor.com. "There is a lot more consumer confidence out there and this is a great direction for the real estate market."

 

Some 32 percent of respondents cited improving the home's appearance as the reason for renovating, while 22 percent linked the renovations to preparing the home for a future sale. Only 11 percent said the renovations where to improve the property's value.

 

She started in a studio -- and in L.A., it may set her back $1,405 a month.

By MSN Real Estate partner Wed 1:05 PM

Bethany Clarke/Getty ImagesBy Natalie Grigson, Movoto

 

The Barbie we know and love today has come a long way from her more modest (and more brunette) roots.

 

Sure, it seems Barbie may have had some reconstructive surgery since her introduction in 1959, and yes, she may have spent a few too many hours in the tanning salon, but here at the Movoto Real Estate Blog, we aren't concerned with such things.

 

We're more concerned with Barbie's house.

 

Since 1959, the "Barbie Dream House" has undergone some major renovations — even more so than Barbie's face. In fact, the pink mansion that little girls and curious boys know as Barbie's home today started out as something different and something that most of us can relate to: a studio apartment.

 
Tags: celebrity

The actor has listed his 603-square-foot Hollywood house for $808,000.

By MSN Real Estate partner Wed 8:57 AM

ZillowBy Emily Heffter, Zillow

 

Among Hollywood actors, there are no small parts — but there are small houses, and Vincent Kartheiser's house is perhaps one of Hollywood's smallest. The actor, who portrays Pete Campbell on television show "Mad Men," posed in Dwell magazine last year in his cleverly designed tiny house.

 

Now he has listed his 603-square-foot, one-bedroom, 1.5-bath Hollywood home for sale for $808,000. Perhaps he's searching for a new space that is better for two — the actor is engaged to co-star Alexis Bledel.

 
Tags: celebrity

The country-music stars' beach retreat is a 'pocket listing,' with one report putting its price at $7.5 million.

By MSN Real Estate partner Tue 11:22 AM

The AgencyBy Emily Heffter, Zillow

 

Country-music superstars Trisha Yearwood and Garth Brooks have listed their Malibu, California, getaway for sale. They purchased the four-bed, 3.5-bath ranch home above Paradise Cove in 2008 — right after it had undergone an extensive remodel.

 

The soon-to-be empty-nesters are moving back to Nashville, Tennessee, from Oklahoma, and recently unloaded another piece of property, Yearwood's Brentwood home outside Nashville.

 
Tags: celebrity
 

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