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Jumbo’ Loans Set to Lower Oct. 1

Starting Oct.1, 2011, many borrowers in pricey housing markets may find they’ll need a higher down payment or pay higher rates. The size of mortgages that the government will back in several high-priced regions is set to drop on Oct.…

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Housing Market Is Terrific, If You Are Rich

In the past, both the luxury housing market and the low-end market moved in tandem, but these days, they’re moving in opposite directions. The luxury market is outperforming the rest of the market, with Zillow reporting a 0.7 percent gain…

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Jack Nicholson’s House Catches Fire

Studio City Patch reports that two firefighters were rushed to the hospital with serious injuries sustained while extinguishing a fire at a home owned by actor Jack Nicholson. Though he is listed as the owner, according to KABC, Patch reports…

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Jodie Foster REDUCES Home On The Market to $8.9M

Academy Award-winning actress Jodie Foster has reduced her Beverly Hills home on the market to $8.9 million. The actress is best known for roles in movies like “Taxi Driver,” “The Accused,” “Silence of the Lambs,” and “Panic Room.” Foster is…

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Jennifer Aniston’s New York Apartment?

Rumor has it that everyone’s favorite Friend is purchasing a four-bedroom, four-bathroom penthouse in the West Village for a whopping $14.95 million, according to The Daily News. Located at 2 Horatio Street, the pre-war duplex just underwent a two-year renovation…

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Obama Expected to Unveil Plan to Revive Housing

The Obama administration is expected to announce a new mortgage relief program next week to help struggling home owners stay in their home and reduce the number of foreclosures, Reuters reports. While the exact details of the proposal are still…

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