Written By: Johanna De La Fuente

The Wall Street Journal reported today about a surge in real estate purchases by young buyers. The most notable real estate purchases by young buyers have been made by Petra and Tamara Ecclestones, who have spent over 150 million on real estate purchased in the last year, including the Spelling Manor in Beverly Hills for $85M.

 

 

“I keep resale value in mind and that a premium location and security are paramount considerations.”                                                                                                                              

        – Ms. Ecclestone

 

 

 

 

 

Many of these young buyers are also first time home buyers who are looking to take advantage of the decline in real estate prices before prices rise again.

Similarly, Eklipse Real Estate’s new listing in Hollywood, located at 736 N. June Street, 90038, has attracted many young buyers looking to live in the heart of Hollywood. Phillip Braunstein, Eklipse’s CEO, is the listing agent for the home.

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