Bob Hope auction and Toluca Lake estate, U.S. new-home sales increase in August

September 25th, 2013 | by Dominique Fong | Comments

In case you missed the biggest buzz on the street,  Bob Hope’s estate in Toluca Lake got listed this week for a whopping $27.5 million, and home prices are rising at their fastest rate since the market crash.

Beautiful views of the estate spanning 5.15 acres of land were posted on real estate blog Curbed LA. The estate includes a main house with a living room surrounded by walls of glass, a two-bedroom guesthouse, staff quarters and offices, the Los Angeles Times reported. To top off the amenities, there are indoor and outdoor swimming pools, a golf course and rose gardens.

A Beverly Hills auction of the late comedian’s belongings is still going on, and a recent report from the Times revealed that an antique Japanese cabinet sold for an astounding $168,000.

In broader real estate news, Wall Street Journal posted a few stories from its Property Report on new-home sales rebounding in August and home prices increasing at the fastest paces in seven years. The stories cautioned that though there were gains, the jump could soon moderate and taper out.

On the real estate tech front, Trulia launched a new online infographic that deciphers whether it’s cheaper to rent or buy a home in cities across America. You can toggle mortgage rates, income tax brackets and number of years you plan to stay in the next home to view the data.

A mobile app called “MoveMent” also lets customers track listings within moments of being reported by brokers and verify whether photos of a house posted with a listing are indeed real.

Have questions or story ideas? Business reporter Dominique Fong can be reached at (760) 778-4661, and on Twitter @dominiquefong.

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