French Riviera Mansion Sells for $750 Million

My calculator dosen’t even go that high….
Daily Real Estate News | September 2, 2008
Real estate may be struggling here, but on the French Riviera a 106-year-old villa has sold for a whopping $750 million.
The Villa Leopolda, once owned by Belgian King Leopold II, was sold to a Russian billionaire, according to the newspaper in Nice, France,
Compare [...]

What to Know About Inheriting Property

Daily Real Estate News  |  September 2, 2008
Inheriting property can be exceedingly confusing for the heirs, particularly if they plan to sell the property. While getting expert legal advice is the best approach for the person who has inherited property, here is some basic information that can help a real estate professional better understand the situation.

Every state [...]

Michael Novia for President

The cornestone of my platform includes free housing for everybody – lower taxes and I am picking Hillary as my Vice President. Remember me in November! Have a great long weekend!

more about "Michael Novia for President", posted with vodpod

Commerce Dept.: New Home Sales Rose in July

Daily Real Estate News  |  August 27, 2008
New home sales in July rose 2.4 percent over the prior month to an annual pace of 515,000, the U.S. Commerce Department reported Tuesday.
At the same time, the number of unsold homes on the market fell 5.2 percent, marking the largest single-month decline since November 1963. Year over year, [...]

Local Market Report for 94103

94103 basically covers the west side of SoMa from 3rd Street on. Click here for a detailed map from HelloSanFrancisco. Curious about another San Francisco zip code? Call me at 415-637-2409 (24 hours) to order your free market report.
94103 basically covers the west side of SoMa from 3rd Street on. Click here for a detailed map from [...]

Fed Officials Downgraded Forecast at Last Meeting, Minutes Say

from The Wall Street Journal
Aug. 26, 2008
U.S. Federal Reserve officials downgraded their economic forecast at their last policy-setting meeting, according to meeting minutes, and said they expect inflation to fall in coming months. And while officials expect the next change in interest rates to be an increase, most “did not see the current stance of [...]

South Beach Real Estate Newsletter

This weeks edition includes: New Restaurants coming to the Waterfront , Rate Increases Not Likely, New Live/Work Loft Listings, New Condo Listings, Price Reductions, Sold Prices and Useful Links.
The South Beach Real Estate newsletter is emailed on Fridays. Interested? Just email your name to mnovia@southbeachrealestate.com to join the list. I give you my personal guarantee that your email address [...]

Lenders Let You Shop Anonymously Online

Daily Real Estate News  |  August 25, 2008
Consumers who are in the market for a home loan can now be anonymous as they search the Web for the best-possible terms.
Two of the most sites for no-strings mortgage shopping are MortgageMarvel.com and Zillow.com.
MortgageMarvel lets users enter details on the kind of mortgage loan they need and [...]

VA Raises Loan Cap to $729,000

Daily Real Estate News  |  August 22, 2008
The Department of Veterans Affairs (VA) is raising ceilings on its no-downpayment home loans from the current $417,000 to as much as $729,000.
The increases are effective immediately under legislation recently enacted with President Bush signing the Housing and Economic Recovery Act of 2008.
That law also improved VA’s Specially Adapted Housing [...]

New Listings at Homes on Esprit Park

#S110 – 2 Beds/2 Baths/1 Parking/Sq Ft n/a. Two level brick and timber loft with two patios. List price: $853,716
#S511 – 3 Bed/3 Bath/1 Parking/2,000 Sq Ft. Two level penthouse with roof terrace. List price: $1,494,000.
95% financing is available. Homes on Esprit Park is being sold through McGuire Real Estate. Please call me to discuss a strategy for [...]