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Get Behind-The-Scenes Secrets Of Luxury Real Estate

Luxury listings are in a league of their own, not only in terms of price and amenities but also in the often elaborate lengths agents must take to get these exclusive properties sold. Whether sold traditionally or through auction, the process of buying and selling luxury real estate is just as unique as the people who call these properties home.

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HOUSE OF THE DAY: An Incredible Townhouse On The East River Just Sold For $35 Million

The stunning East River mansion known as the Ellen Biddle Shipman Residence has just sold for $35 million, according to The New York Observer. The East 50th Street and Beekman place home went for $13 million less than the original $48.75 million asking price.

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Here Are The Most Affordable Cities To Buy A Home In The US

Lauren Wellicome via Compfight cc Although mortgage rates are currently low, the nation's home ownership rate is at 65.4%, the lowestit has been in 16 years. Homeownership is integral to the American Dream (polls show that it is important to 96% of Americans), however the recession led to reduced job security and lower salaries, pulling this dream out of reach for many Americans.

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New York Real Estate Is Hotter Than The Weather Right Now

nosha via Compfight cc As you've no doubt heard, New York's real estate market is sizzling, with buyers feeling the heat as low inventory constrains options and bidding wars are commonplace. Here's how experts predict the market will play out this summer--and how you can prepare as a buyer or seller.

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The 4 Secrets To Successfully Flipping A House

Two mild-mannered school teachers taught me everything I know about flipping houses -- and not in a good way. I met this couple in 2006. They were very nice people -- but extremely aggressive investors. They were buying and flipping property in Las Vegas using a third-party turnkey real estate investing company.

http://read.bi/18Xv22C

NYU Loans Helped Its Millionaire President Buy His Fire Island Vacation House

AP/Seth Wenig New York University loaned its school president John Sexton $1,000,000 to finance his lavish vacation home on Fire Island, according to a report from The New York Times. The Times describes the beach house as a " composition in bold, unadorned planes" that occupies three lots.

http://read.bi/18WL0Km

The Bed-Stuy Home From Spike Lee's 'Crooklyn' Just Sold For $1.7M

BEDFORD-STUYVESANT - The 1994 Spike Lee film "Crooklyn" is the tale of a 1970s Brooklyn family. The setting for the film included 7 Arlington Place, a Bedford-Stuyvesant brownstone where the working-class family of seven lived.

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