The actor reportedly paid $2.375 million for the Hollywood Hills home of the actress.

By MSN Real Estate partner Tue 11:57 AM

ZillowBy Catherine Sherman, Zillow

 

It appears Vince Vaughn has moved on from crashing weddings to buying newlyweds’ homes.

Actress Kate Bosworth, who had a country wedding this spring, listed her Hollywood Hills home for $2.499 million in April. Property records confirm Vaughn just scooped up the Los Angeles property for $2.375 million.

With three bedrooms and three baths, the house is smaller than Vaughn’s La Cañada Flintridge colonial, which Variety aptly called a "Beaver Cleaver-worthy five bedroom." Vaughn and wife Kyla Weber purchased the home last year to make way for baby No. 2.

 
Tags: celebrity

Rates are low, yet sellers are still reducing list prices. Is this a normal market?

By MSN Real Estate partner Tue 11:38 AM

© Alex Raths/Getty ImagesBy Diana Olick, CNBC

 

There has long been a saying in the real estate market that potential homebuyers don't buy according to the home price or the mortgage rate. Instead, "they buy the monthly payment." The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically.

 

For example, home prices were able to soar uncontrollably during the last housing boom only because risky mortgage products at the time made monthly payments minuscule and down payments often nonexistent.

 

Rent now covers 29.5 percent of renters' income, compared to 24.9 percent a few years ago, Zillow says.

By MSN Real Estate partner Tue 11:09 AM

© Digital Vision Ltd.By Krystal Steinmetz, MoneyTalksNews

 

Renting is now more costly than ever in 88 of the country's 100 largest real estate markets, a new report from Zillow says. That means trouble for potential first-time homebuyers, who are finding it more difficult to save a down payment to get their own place.

 

And that's a shame, because right now homes are more affordable to buy in 94 of the top 100 metropolitan areas compared with historic averages.

 

For first time since February 2008, all cities in the S&P/Case-Shiller Home Price Index show lower annual rates than the previous month.

By MSN Real Estate partner Tue 7:11 AM

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Can't put 20 percent down? You still have options for affording a home loan.

By MSN Real Estate partner Mon 11:54 AM

Fancy/AlamyBy Scott Sheldon, Credit.com

 

Looking to get your foot in the door (of your new home)? If you're a renter who's tired of paying someone else's mortgage, now may be the time to pursue the American dream of

homeownership. In fact, the days of needing a 20 percent down payment are long gone. While you can always elect to put down the full 20 percent or more, there are now many alternatives available. Here's what you want to know if buying a house is in your future.

In the mortgage industry, 20 percent down is considered the benchmark down payment for looking strong on paper as a homebuyer. While this a general standard for financial strength, it is by no means a requirement, nor is it necessarily expected.

 

Figures suggest market for newly constructed houses remains in lull.

By MSN Partner Aug 25, 2014 6:34AM

Image: Home for sale © Digital Vision Ltd.By Eric Morath and Sarah Portlock, The Wall Street Journal


WSJNew-home sales fell again in July, a sign that a major source of jobs continues to waver entering the second half of 2014.


Sales of new single-family houses declined 2.4% from June (pdf) to a seasonally adjusted annual rate of 412,000, the Commerce Department said Monday. Economists surveyed by The Wall Street Journal had predicted a July sales pace of 425,000.

 
Tags: buying

Generally, distressed properties come at a 14 percent discount -- but some sell for more than market value, RealtyTrac says.

By MSN Real Estate partner Aug 22, 2014 9:53AM

moodboard/Getty ImagesBy Jerry Kronenberg, MainStreet

 

Many Americans assume that homes facing foreclosure sell for deep discounts, but a detailed analysis of some 4 million recent sales shows that certain kinds of distressed properties actually fetch as much as 19 percent above market value on average.

 

"It's definitely counterintuitive," says Daren Blomquist of market watcher RealtyTrac, which conducted the study.

 

RealtyTrac looked at what millions of distressed and nondistressed homes sold for during the 12 months ended March 31 and compared that with each property's estimated market value based on location, lot size and other characteristics.

 

Overall house flipping is cooling off, but turning houses quickly for sale in pricey neighborhoods still can offer hefty profits.

By MSN Partner Aug 22, 2014 9:40AM

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