Bidding Wars Continue to Tumble as Housing Market Rebalances

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Competition in the US residential real estate market dropped for the fourth consecutive month in July, underscoring the market’s overall trend towards balance. Nationally, the percentage of offers written by Redfin agents that faced multiple bids fell to 63.3 percent in July, down from 68.6 percent in June, and 75.7 percent at the peak in March.   For the full … Read More

#31: Building a Professional Wholesaling Business with Lamar Cannon

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On today’s show, we want to introduce you to a relatively new investor who is building a really awesome wholesaling business through the use of smart marketing, savvy business skills, and persistence. Lamar Cannon, from the Austin, TX area, shares with us his story of how he got started with wholesaling and uses the sales skills from his previous job … Read More

Homebuyer Demand Cools Further Heading into August

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Each month, Redfin captures homebuyer demand by tracking the number of home tours requested and offers made by its customers across the country. Since peaking April, Redfin customers touring homes and making offers has been on a steady decline, further indication that the overall housing market is cooling . For the full report including data tables, charts, and a downloadable … Read More

Home of (Now Bankrupt) CNET Founder Halsey Minor Hits Market for $14.95M

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Halsey Minor, the co-founder of CNET, was once worth more than $200 million dollars, but is now bankrupt, thanks to his affinity for fancy homes, horse races, and art. Court documents show that Minor owes as much as $100 million, but has no more than $50 million with which to pay his debts. As part of his Chapter 7 bankruptcy, … Read More

SOLD: Mario Van Peebles’ “Tree House” in the Hollywood Hills

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Mario Van Peebles, the co-star of “Damages” and director of “Sons of Anarchy,” just sold his home in the Hollywood Hills for $1.225 million. Van Peebles has been known as an “eco-warrior” ever since he starred in a reality TV show called “Mario’s Green House ,” where he and his family retrofitted another home in Los Angeles to be more … Read More

Wayne Gretzky Sells Arizona Home for $2,875,000

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Hockey legend Wayne Gretzky just sold his Scottsdale, AZ retreat for $2.875 million, which is $520,000 less than what he was asking for when he listed it on June 28. Looks like the buyer was able to negotiate down! Gretzky has owned the estate since 2003, when he purchased it for $1,737,450. The Mediterranean-style home sits on more than an … Read More