>>WELCOME YOUR FUTURE HOME
PRESENTED BY ROCKET MORTGAGE BY
QUICKEN LOANS. YOUR FUTURE HOME
TO REAL ESTATE SHOW THAT'S
FOCUSED ON NEW TRENDS AND MOST
IMPORTANTLY YOUR FUTURE HOME
AND ROCKET MORTGAGE IS WHERE
YOU GET MORE THAN EXPECTED FOR
THE
MORTGAGE LENDER I BECOME A
SHADOW AND I KNOW.
>>ALI WHILE ROCKET MORTGAGE
LIKE QUICKEN LOANS IS A
PRESENTING SPONSOR OF THIS
PROGRAM, THE OPINIONS AND
STATEMENTS EXPRESSED IN THE
FOLLOWING SEGMENTS ARE I THINK
LET'S JUMP RIGHT IN WITH SOME
OF THE TOP REAL ESTATE STORIES
WE'RE FOLLOWING FOR YOU TODAY.
WELL, A PARCEL OF LAND IN
BEVERLY HILLS AT ONCE LISTED
FOR $1 BILLION SOLD TO A
SLENDER FOR JUST
$100,000 AT A FORECLOSURE
AUCTION IN POMONA CALIFORNIA
THIS WEEK. THE 157 KNOWN AS THE
MOUNTAIN
WAS WON BY AN ENTITY LINKED TO
A TRUST ESTABLISHED TO MANAGE
THE FINANCES
OF LATE HERBALIFE FOUNDER MARK
HUGHES. NO OTHER BIDDERS SHOWED
UP AT THE AUCTION. THE 100,000
PRICE TAG WAS FAR LESS THAN THE
MILLION WORTH OF DEBT. THE
LENDERS SAY WAS STILL I WAS
STANDING ON THE PROPERTY.
THE LAND OVERLOOKS THE LOS
ANGELES BASIN. AND IT'S THOUGHT
TO BE AMONG THE MOST VALUABLE
PIECES OF REAL ESTATE IN THE
AREA AFTER LISTING AT $1
BILLION LAST YEAR THE PRICE WAS
LATER CUT TO JUST MILLION
AMAZON CEO JEFF BEZOS WAS AMONG
THE BUYERS INTERESTED IN THE
PROPERTY. I THINK THE FUNNIEST
THING ABOUT THIS IS THAT NO
OTHER BIDDERS HAD SHOWED UP AND
GO AWAY.
>>NOT ONLY MORE INSULT WHILE
THIS JET BASES BY THE WAY THE
RICHEST MAN IN THE BALL WORLD
SAID THIS WAS OVERVALUED THAT'S
WHY HE DID NOT JOIN THE OTHER
BETTORS SO IF THE RICHEST MAN
IN THE WORLD SAYS THAT THIS IS
AN OVERREACH WELL, YOU KNOW
THAT'S AN EXPENSIVE PROPERTY,
WE'LL ASK MAKING A BIG SPENDER
PROPERTIES BARACK AND MICHELLE
OBAMA ARE REPORTEDLY IN
ESCROW ON A MARTHA'S VINEYARD
MEGA-MANSION LISTED AT A
COOL $15 MILLION THAT THE STATE
IS CURRENTLY OWNED BY THE
OWNERS OF THE BOSTON CELTICS
WHO ACCORDING TO TMZ HAS BEEN
RENTING IT TO THE FORMER FIRST
FAMILY THIS ENTIRE SUMMER.
THE MASSACHUSETTS HOME SITS ON
29 BEACHFRONT ACRES, THE MAIN
RESIDENTS MEASURES OUT ABOUT
7,000 SQUARE FEET HAS 7
BEDROOMS FOR SASHA MALIA AND
ALL THEIR FRIENDS TO JOIN AN
AND 8 BATHROOMS AND ALSO
FEATURES A SPECTACULAR CHEF'S
KITCHEN VAULTED CEILINGS
AND TO GUEST WINGS, THE
PROPERTY BOASTS INCREDIBLE
VIEWS, ESPECIALLY FROM THE
SECOND FLOOR BALCONY JACUZZI
AND ALSO COMES WITH THAT THE
LOCKS OUTDOOR ENTERTAINING
SPACE WITH A FIREPLACE AND A
COOL AND A POOL, HOW GREAT IS A
CAUSE IS ALSO WRAP AROUND LONG
THAT LEADS TO A MASSIVE POND,
JUST STEPS AWAY FROM THE OUTER
BARRIER. THE BEACH, THE
PURCHASE REPORTEDLY DEPENDS ON
SOME CONTINGENCIES SO IT'S NOT
A DONE DEAL YET THERE IS ONE
DOWNSIDE OF IT IS SMALL
DOWNSIDE NORA. THIS PROPERTY
AND ALL OF THE ROOMS AND HAS
ONLY HAS A 2 GUYS.
AT
>>THAT WAS DEVASTATING TO HEAR
BECAUSE YOU KNOW THERE'S 2
THINGS I LIKE ABOUT THESE BIG
HOUSES. HOW
MANY HOW MUCH SPACE THERE'S
BEEN A RISE TO PART BECAUSE IT
YOU KNOW BECAUSE THEY'RE BIG
PARTIES IF YOU HAVE A LOT OF
SPACE AND THEN THE WINE CELLARS
SO THIS IS KIND OF UPSETTING
BUT THERE'S ONLY 2 CAR CRY BY
THE WAY THE OBAMAS ARE
SNATCHING UP REAL ESTATE LEFT
OR RIGHT THEY HAVE TO PLACE NOW
IN PALM SPRINGS, THEY GOT A
PLACE OF DC THEY'VE GOT A PLACE
IN CHICAGO THEY'VE GOT A PLACE
APPARENTLY NOW IN MARTHA'S
VINEYARD. I MEAN THE OBAMAS ARE
TURNING INTO CARMEN SANDIEGO
THE GOT A PLACE LIKE IN EVERY
STATE NOW. FOR FOR THAT.
ALRIGHT NOW THAT IS BIDDING
WARS ARE BECOMING A LESS PRESS
POLAND'S EVEN IN THE NATION'S
MOST COMPETITIVE REAL ESTATE
MARKETS. ACCORDING TO A NEW
STUDY BY REAL ESTATE BROKERAGE
REDFIN ONLY 11% OF THE
PROPERTIES OF THEIR AGENTS
SUBMITTED OFFERS 4 IN
JULY RECEIVED MORE THAN ONE BID
THAT'S DOWN 46% FROM A YEAR AGO
AND THE LOWEST
THE COMPANY HAS SEEN SINCE
2011. THE STUDY SHOWED THAT
COMPETITIVE BIDDING HAS EVEN
DRAMATICALLY DECREASED IN TIGHT
MARKET LIKE SAN FRANCISCO AND
SAN DIEGO SINCE JULY OF LAST
YEAR MULTIPLE BIDS IN THOSE
CITIES WERE DOWN 37% AND 41%
RESPECTIVELY RECESSION FEARS
AND LOW HOUSING
SUPPLY MAY BE CONTRIBUTING
FACTORS. BUT SOME ECONOMISTS
SAY RECENTLY LOWERED INTEREST
RATES MAY PROMPT BUYERS TO BE
MORE ASSERTIVE AND INCREASED
COMPETITIVE BIDDING. OBVIOUSLY
POTENTIAL HOMEOWNERS ARE
WATCHING VERY CLOSELY
WHAT FEDERAL RESERVE CHAIRMAN
JEROME POWELL IS SAYING
POTENTIALLY ANOTHER INTEREST
RATE CUT LATER ON THIS YEAR.
BUT CONTINUING TO TAKE A
DATA-DRIVEN APPROACH BUT
DEFINITELY A BIG KEY FACTOR IN
METRIC THAT THESE POTENTIAL
HOMEOWNERS AND BITTERS ARE
LOOKING AT REAL TO SAY THEIR
HOPE IS IS LET'S JUST SAY
BECAUSE THE INTEREST RATES ARE
LOW AND LET'S JUST SAY THAT
THAT DOES
CUT RATES AGAIN.
>>THAT MIGHT THEN PROMPT MORE
PEOPLE TO START PUTTING BIDS
OUT THERE AND THEY ALSO SAY
IT'S KIND OF A PSYCHOLOGICAL
GAME OUT THERE BECAUSE THEY SAY
IF YOU'RE OUT BID WANTS
THE CHANCES OF YOU WANTING TO
SUBMIT ANOTHER BITTER ACTUALLY
HIGHER BECAUSE THE
COMPETITIVENESS OF ONE OF YOUR
MIND GETS IN AND LIKE I'M GOING
TO GET THIS HOUSE. I'M GOING TO
DO IT TO THE HOPE IS IS ONCE
INTEREST RATES ARE LOWER
PEOPLE START DOING THAT ALL
RIGHT, LET'S GET THAT THAT SOME
HOT HOUSES WHAT MERYL STREEP
SHE HAS REALLY STOOD HER
PENTHOUSE RIGHT HERE IN
MANHATTAN AT A DISCOUNT
EVERYBODY OF 26% THE
OSCAR WINNER'S FOUR-BEDROOM
PRIDE BACK APARTMENT IS NOW
SELLING FOR JUST A COOL MILLION
THAT IS ABOUT 6 AND A HALF
MILLION DOLLARS LESS. IT WAS
LISTED JUST LAST YEAR. THE UNIT
SPANS AN ENTIRE FLOOR AND HAS
AN UNUSUAL
FEATURE THAT'S POPULAR WITH
PRIVACY. SEEKERS. THERE'S EVEN
AN UNDERGROUND GARAGE IN AN
ELEVATOR THAT OWNERS CAN TAKE
DIRECTLY TO
THEIR APARTMENTS AND THERE WAS
SOME STAR POWER IN THERE WHEN
THAT PALTROW ALSO REPORTEDLY
HAD AN APARTMENT THERE. BUT
SHE'S SO BACK BACK IN 2017
FOR $11 MILLION. THE MARYLAND.
HER HUSBAND DON GUMMER HAVE HAD
THE PLAY SINCE 2013 AND ARE NOW
JUST LOCATING TO CALIFORNIA
HOME SPANS NEARLY 4,000 SQUARE
FEET. IT COMES WITH A
WRAPAROUND TERRACE AND VIEWS OF
THE HUDSON. THE STATUE OF
LIBERTY AND EVEN THE WORLD
TRADE CENTER AND EVEN THE
EMPIRE STATE BUILDING DESIGNED
WITH AN OPEN A LIVING PLANET
AND DINING AREAS THAT FEATURE
BRAZILIAN WALNUT FLOORS A
WOOD-BURNING FIREPLACE AND EVEN
A MEDIA ROOM, ONE OF
HOLLYWOOD'S MOST ACCLAIMED
ACTRESSES STREEP IS STARRING
ALONGSIDE REESE WITHERSPOON AND
NICOLE KIDMAN AND THE AMAZING
DRAMA SERIES BIG LITTLE LIES.
SHE'S ALSO SET TO APPEAR IN THE
REMAKE OF LITTLE WOMEN. COMING
OUT LATER THIS YEAR STILL AMPLE
AMOUNT OF TIME FOR MERRILL TO
DO OTHER PREP YOU KNOW YOU'VE
MADE IT WHEN YOU HAVE AN
UNDERGROUND GARAGE THAT TAKES
YOU DIRECTLY TO YOUR APARTMENT
WITHOUT HAVING TO SEE THE LIGHT
OF TO SEE ALL YOUR FANS AND
PAPARAZZI GOING TO RUN IF IT
KEEPS GOING DOWN IN PRICE IT
MIGHT BE IN THE NEIGHBORHOOD
FOR YOU AND I TO PUT A BIT A
>>BRINGING IT DOWN.