Pending home sales in California flat in May:Pending home sales in California remained flat in May but posted double-digit gains from the previous year for the fourth consecutive month, the Los Angeles-based California Association of Realtors reported today. Additionally, the share of distressed sales continued to decline from year-ago levels, signaling a return of non-investors to the housing market, according to a CAR statement. CAR's Pending Home Sales Index was unchanged in May from a revised 128.8 in April, based on signed contracts, but was up from the 115.8 index recorded in May 2011, it said, adding that May marked the 13th straight month that pending sales were higher than the previous year. According to CAR, pending home sales are forward-looking indicators of future activity, providing information on the future direction of the market. "Despite a slowdown in economic growth in recent months, sales in California remain strong as record low mortgage rates and favorable home prices continue to fuel demand in the housing market," said CAR President LeFrancis Arnold. "The strong results in pending sales double-digit year-over-year gains in the last nine out of 10 months suggest solid housing market performance for the state in the upcoming months."
Gianni Versace’s House in south beach Miami has a cool price tag of $125 million:At the time of his death, Gianni Versace’s net worth was $1.4 billion. He left 50% of his company to his 11 year old niece Allegra. When Allegra turned 18, six years later her net worth was $800 million. Now are you interested in owning Gianni Versace’s house in South Beach Miami? Do you have an extra $125 million laying around? Well then we have good news for you. Versace’s massive beach front mansion, that was converted into an ultra-exclusive hotel and club after the fashion designer’s tragic murder, has been put up for sale, and yes your eyes are not deceiving you the listing price is $125 million! Located at 1116 Ocean Drive, Miami Beach, FL 33139, Gianni Versace’s House is 23,000 square feet and features 10 bedrooms, 11 bathrooms, a 12 car garage, lavish interiors, a pool that is lined with 24 karat gold and much more! Legend has it that Versace bought the house in 1992 for $10 million after walking by it once and falling in love. Gianni promptly spent an additional $33 million upgrading, restoring and remodeling the house. Versace increased the square footage by 6000 and added the amazing gold-lined pool. It was Versace’s main residence until his tragic murder in 1997 at the hand of psychopath Andrew Cunanan. Cunanan shot Versace on the front steps of the house as he returned home from a morning walk to a local coffee shop. After his death, Donatella Versace quickly sold the house for $20 million to Florida telecom mogul Peter Loftin. Loftin eventually converted the house into an ultra exclusive hotel, nightclub and residence and renamed it “Villa by Barton G”.
Kellie Pickler Nashville real estate has 4,865 square feet living space, along with 4 bedrooms:Kellie Pickler is settling down and buying large in the country music capital of the world, Nashville Tennessee. This lovely piece of real estate has 4,865 square feet living space, along with 4 bedrooms, 4.5 bathrooms, plus towering high ceilings, exceptionally nice open floor plan which includes a giant living room fully equipped with fireplace and sky lights. Kellie Pickler snagged this house in the down and out real estate market for only $ 1,435,000. Now that's a steal! Address Location: Nashville, Tennessee Celebrity Real Estate, Homes And Houses, Famous Property Pictures