Michele Lerner has been gathering expertise about real estate for the past two decades, writing for regional, national and international publications for consumers and industry professionals. Email her with your real estate-related questions or concerns at Mlerner@gmail.com

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Dallas to be new home for President and Mrs. Bush

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Dallas to be new home for President and Mrs. Bush

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December 5, 8:07 AM

by Michele Lerner, Residential Real Estate Examiner

Likely new home of President and Laura Bush in Dallas

While not revealing (for obvious security concerns) the exact address of the new home for President and Mrs. Bush, the White House announced that the couple has purchased a home in the Preston Hollow neighborhood of Dallas.

FOXNews.com speculates that the house pictured at right will be the Bush family home. The four-bedroom home, appraised at about $2 million, was purchased by the President's accountant as a trust. An adjoining property is under contract to an unknown buyer, according to Fox, so the speculation is that the Bushes may be buying this for the Secret Service agents who will accompany the couple to Texas.

Mrs. Bush recently said in an interview that they would likely live in Dallas and spend their weekends at their ranch in Crawford, Texas.

The newly renovated home sits on 1.13 acres and offers something special the White House never could: a refuge from the pressures of politics.

For more info: Email Michele Lerner at MLerner@gmail.com

Topics: Fun and games , Latest News , Elections 2008

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Government auctions offer bargains for buyers

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December 4, 8:40 AM

Auctions are cropping up all over the country as foreclosed homes are offered for sale and even by builders wanting to rid themselves of groups of homes all at once.The federal government also auctions properties, including those seized through IRS Criminal... Read More
Topics: Consumer Advice , Latest News

Existing home prices down across the country

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December 3, 9:19 AM

According to the National Association of Realtors (NAR), the national median existing-home price for all housing types was $183,300 in October, down 11.3 percent from a year ago when the median was $206,700. NAR says there remains a significant... Read More
Topics: Housing Data , Latest News

Foreclosure crisis worsened by fine print in contracts

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December 2, 5:33 PM

A recent Washington Post article brought to light something I think a lot of people don't understand about the mortgage mess: some of the lag time in modifying loans and helping families avoid foreclosure comes down to the usual culprit: the fine print.A... Read More
Topics: Consumer Advice , Latest News

Hot housing market in DC for one week

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December 2, 8:55 AM

Almost the minute the election was over, Washington, D.C. residents began speculating on their options for renting out their homes during the week of the inauguration. Hotel rooms have all been snapped up long ago, so Obama fans and their friends and... Read More
Topics: Consumer Advice , Latest News , Elections 2008

Desperate sellers turn to raffle tickets

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December 1, 5:51 PM

Auctions for new homes and foreclosures are becoming a common sight these days, but a couple in Maryland recently turned to a new tactic for selling their home: a raffle. As reported in The Washington Post, the Walters, who need to unload their home... Read More
Topics: Consumer Advice , Fun and games , Latest News

College towns compete over home prices

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November 26, 7:13 AM

The Fourth Annual College Home Price Comparison Index (HPCI) has been released by Coldwell Banker just as college football rivalries are heating up. The index ranks the most expensive and most affordable college towns across the country, grouping them... Read More
Topics: Housing Data , Fun and games

Existing home sales slow down

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November 25, 7:05 AM

Existing home sales slipped across the country in October, according to statistics compiled by the National Association of Realtors (NAR).Existing-home sales—including single-family, townhomes, condominiums and co-ops—fell 3.1 percent to... Read More
Topics: Housing Data , Latest News

New mortgage rules should lower consumer costs

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November 24, 8:58 AM

The US Department of Housing and Urban Development (HUD) issued new mortgage reforms that are designed to help consumers shop for lower cost mortgages and avoid harmful loan offers. For the first time HUD is requiring a simplified version... Read More
Topics: Consumer Advice , Latest News

Foreclosures take a holiday

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November 21, 8:52 AM

Fannie Mae and Freddie Mac agreed yesterday to temporarily suspend all foreclosures and evictions from November 26 to January 9. The holiday break will allow borrowers in trouble to enter into a new loan modification program.According to The Washington... Read More
Topics: Consumer Advice , Latest News