News

Increased Supply Controls Rising U.S. Apartment Rents

As the U.S. economy is still struggling with an uneven recovery, more people are opting to rent than to buy. This has driven up rental rates through the roof. However, a new report reveals that the pace, at which rates have been rising, is slowing down as supply increases.

David Murdock Sells Bel Air Mansion for $24 Million

David Murdock, the billionaire Chairman and CEO of Dole Food Co., has reportedly found a buyer for his Bel Air mansion selling it off for $24 million.

Joel Madden and Nicole Richie Unload Glendale Home for $1.87 Million

Joel Madden, the "Good Charlotte" frontman, and his wife Nicole Richie have reportedly sold off their Glendale, Los Angeles, home for $1.87 million, exactly the price they had listed it for.