Category Archives: Real Estate News

Most Expensive Cities in the World

by Roberta Murphy It’s interesting to study living costs in the most expensive cities in the world–at least as tabulated for 2009. According to Mercers, who tabulate these statistics for expatriate living, the 10 most expensive cities (based on housing, … Continue reading

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Luxury Hotels and Timeshares Struggling?

by Roberta Murphy We are seeing luxury scaled down on many fronts, and luxury hotels and timeshare resorts are taking it on the chin as well. For the first five months of this year, according the the Wall Street Journal, … Continue reading

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Top 10 Things to Buy Before Economy Recovers

by Roberta Murphy According to Forbes.com, now may be the best time to make some of those major purchases wise shoppers have been putting off for so long, particularly if one has the luxury of capital.  The Forbes list: 1. … Continue reading

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10 Money Saving Tips–for even the Gucci Wallet

by Roberta Murphy Magic must be in the air. Even our middle son Eric — who has never, ever cottoned to bagged lunches — packed one the other day and probably saved at least $5. This college student works part … Continue reading

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All Mortgages Are Now Assumable

by Roberta Murphy If I could be  President Obama’s Mortgage Czar for just one week, the first thing I would mandate is that all existing mortgages become assumable. When starting my real estate career in Houston, Texas during the last … Continue reading

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Even Luxury Home Loans Can be Modified

by Roberta Murphy Not all clients took my conservative mortgage advice over the years, and some ended up with home loans that have turned downright nasty. In one case, a client and dear friend was persuaded to take out a … Continue reading

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A Crash in Classified Ads?

by Roberta Murphy Earlier today, a client emailed my husband Mike about a great deal on a red Mercedes 500 SL convertible available on eBay. It was a 2004 model with only 7000 miles and offered a three-year warranty to … Continue reading

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Luxury Ski Resort Files for Bankruptcy

by Roberta Murphy It seems that almost daily we hear about segments of the broad luxury market losing not only their luster, but even their footing. There are reports that luxury retailers are bracing for a crash slowdown, and that … Continue reading

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$53 Million Plaza Suite: An Attic-Like Space?

by Roberta Murphy A pair of $53.5 million New York Plaza penthouses were sold to Russian hedge-fund manager Andrei Vavilov–which would have made it the second-highest residential sale in New York City history. Andrei Vavilov, though, is one very upset … Continue reading

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Real Estate Market Bottom and a Radical Resolution

This is a continuation of last week’s discussion with real estate and luxury home legend Bob Dyson, who has a radical proposal that is being quickly embraced by Realtors, lenders and local Real Estate Boards. Why resort to radical resolutions? … Continue reading

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