Posts with tag Facebook

'Facebook Effect': Palo Alto Home Prices Up, Inventory Down

Mark Zuckerberg may have been content renting a modest bungalow, but chances are the coming wave of Facebook millionaires have something more grand in mind. At least that's the thinking behind the so-called "Facebook effect"-- the anticipated demand for high-end housing following the company's May IPO. Since the beginning... Continue Reading »

House of the Day: Contemporary Angles on Arizona's Desert

There's no better way to kick off a dreary Monday morning than with a sweet slice of real estate -- and we can't find anything sweeter than this 10,187-square-foot stunner on Happy Valley Road in Scottsdale, Ariz. Located on just under 4½ acres of lush desert, this rare contemporary features seven large bedrooms,... Continue Reading »

Your Facebook Status: Foreclosed

Foreclosure via Facebook? With roughly 4 million foreclosures in the pipeline in this country, some legal experts say it's just a matter of time until lenders win the right to serve foreclosure documents through the giant social network. That day has already come for one couple in Australia. When they defaulted on a... Continue Reading »

Mark Zuckerberg Finally Buys a House

From Huffington Post: After years of renting notoriously spartan homes, Facebook founder Mark Zuckerberg finally has a house to call his own. According to the Silicon Valley Mercury News, Zuckerberg has purchased a $7 million Palo Alto estate that features 5 bedrooms, a saltwater pool, and over 5,000 square feet of... Continue Reading »

Russian Billionaire Yuri Milner Breaks Record with $100M Manse

Yuri Milner, the venture capitalist who helped put Facebook on the map, has invested $100 million in his own start-up of sorts – a 25,500 square-foot mansion in Los Altos, Calif. The purchase marks the highest known price paid for a single-family home in the U.S., according to the Wall Street Journal. You may have... Continue Reading »

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