By KIMBERLEY HAAS A Bel Air megamansion that was listed on the market for $295 million has been purchased at auction by the CEO of Fashion Nova. Richard Saghian, 40, reportedly beat out four other offers for the 105,000-square-foot home. He confirmed he was the winning bidder to the Los Angeles Times. Saghian said the property, with 21 bedrooms, 42 bathrooms, and 7 half baths can never be duplicated. He owns two other houses in southern California, according to the newspaper. “There is nothing else like it. As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of…
By KIMBERLEY HAAS Analysts at Zillow have made their predictions for the hottest housing markets of 2022, and we are bringing you a look at the most expensive homes in the top five cities listed. On Tuesday, the Seattle-based company predicted Tampa, Florida, will be the hottest housing market of 2022. NFL Quarterback Tom Brady’s new city is followed by Jacksonville, Florida; Raleigh, North Carolina; San Antonio, Texas; and Charlotte, North Carolina. “Homebuyers are attracted to markets in the Sun Belt that offer relative affordability, fast-growing economies, and weather that allows them to enjoy the outdoors year-round,” Zillow economist Alexandra Lee said in a statement. Lee also predicts the seller’s market seen in 2021 will continue and buyers should be ready…
Across the country, mortgage professionals step up to help those in need every holiday season so we at The Mortgage Note decided to celebrate organizations and their employees who recognize the importance of giving back to their communities. On November 30, we started a contest asking members of the mortgage industry to submit photos and a brief description of the charity work they’re doing this year. The winner would earn a $1,000 donation from TMN to their highlighted charity. Valerie Pesonen, a senior manager in public relations at Rock Central, sent in a submission for Rocket Mortgage in Detroit, Michigan that warmed our hearts. Pesonen highlighted three community outreach programs the company participates in, including the Rocket Mortgage Cause Campaign…
By KIMBERLEY HAAS As the number of homes purchased by people with different last names increases, it is being reported that Millennials are choosing to buy single-family houses with their friends. In an article written by Zinhle Essamuah for NBC News, three women talked about their decision to buy a house together. Amanda Scheider, 30, told Essamuah that it’s like having a permanent sleepover. Scheider lives with Kathy Keel, 30, and Stephanie Vandergrift, 28, in Gallatin, Tennessee. They signed for a 30-year, $315,000 mortgage in May of 2020 after renting a house together. Essamuah used analytics from Attom Data Solutions which shows the number of homes purchased by people with different last names increased by nearly 772% between 2010 and…
