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Michael Jackson's Estate Buys Calabasas Residence for $10.75 Million

Michael Jackson's estate has reportedly paid $10.75 million for the home in Calabasas, Calif., where the King of Pop's mother Katharine Jackson lives with Jackson's three children - Prince, Paris and Blanket.

Las Vegas’ Most Expensive Home is Phil Maloof’s $38 Million Penthouse

Behold! The most expensive listing of Las Vegas has arrived on the market for $38 million. The residence is owned by the famous Phil Maloof, who was a New Mexico state senator and his family once owned the NBA team "Sacramento Kings."

US Home Building Activity Fell 6.5 Percent in May

Home building activity in the United States fell to a seasonally adjusted 6.5 percent to 1.001 million in May as construction on single and multi-family units decelerated. Building permits also declined 6.4 percent to 991,000 in May, according to the latest figures published by the U.S. Commerce department.