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Frank Lloyd Wright’s famed Ennis House to be sold

The 6,000-square-foot Los Angeles estate is being sold by the Ennis House Foundation, which recently completed the initial phase of a stabilization and restoration project following years of decay and damage from earthquakes and torrential rains. In March 2005, it was placed on the National Trust for Historic Preservation‘s most-endangered list. Asking price $15million!!! http://news.yahoo.com/s/nm/20090619/stage_nm/us_lloydwright

Are home owners getting smarter?

I would hope that fewer cash-outs mean that home owners are realizing that they should not take anything out right now, and not that they couldn’t due to the decline in value. But, see below: Fewer Home Owners Take Home Equity The number of cash-out refinancings fell to a three-and-a-half-year low, Freddie Mac said Friday. […]