REAL ESTATE

Home Depot tops estimates, raises outlook

Home Depot
Home Depot Inc (HD.N) beat quarterly profit and sales estimates and raised its fiscal-year outlook as shoppers took up long-delayed maintenance and repair projects for their homes in a slowly recovering U.S. economy.
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Jason Richardson re-lists his Oakland home for $1.95 mln

Jason Richardson, an American professional basketball player for the Orlando Magic of the National Basketball Association, has re-listed his Oakland, CA home for $1.95 million, which is less than his initial asking price from 2008.
Oracle's Larry Ellison

Oracle’s Larry Ellison buys 249-acre Porcupine Creek

Larry Ellison, an American business magnate, co-founder and chief executive officer of Oracle Corporation, has bought the 249-acre estate that once belonged to Yellowstone Club founders Tim and Edra Blixseth called Porcupine Creek in Rancho Mirage, Calif.
Deison Sanders

'Neon Deion' to sell his penthouse, ranch in Texas

Deion Luwynn Sanders, the former National Football League cornerback and Major League Baseball outfielder who currently works as an NFL Network analyst, has listed his two Dallas homes on the market.
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Tommy Mottola sells Wildcat Ranch for $17.8 mln

Tommy Mottola, former chairman and CEO of Sony Music Entertainment, has sold his Wildcat Ranch property in Pitkin County for around $17.8 million, according to a news report by Wall Street Journal.

Barry Manilow drops price of his Malibu Beach house

Barry Manilow, an American singer–songwriter, musician, arranger, producer, conductor, and performer, dropped the price of his Malibu Beach house to $7,991,938 after trying to unload it for nearly two years.

Brittany Murphy's House in the Hills in Foreclosure

Deceased actress Brittany Murphy's home in the Hills above the Sunset Strip in Los Angeles, CA has invited foreclosure and has been slapped with a Notice of Sale with an opening bid of $4,035,666, according to the reports.
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Queen Latifah rents Jane Fonda's Atlanta condo

Queen Latifah, rapper/record producer/actress, has rented the Hollywood royal Jane Fonda's Atlanta condominium for a short-term period. Fonda recently decided to move back to Los Angeles and bought a one-bedroom in the Sierra Towers, according to the Aol Real Estate.

New homes sales hit eight-month high in December

New U.S. single-family home sales in December rose faster than expected to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery

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