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To bring the housing market into balance, Phoenix area home builders need shrink their inventory and home sellers need to realize they won't get top dollar for their homes. "It's time to take some corrective action," RL Brown told an audience of about 1,100 Thursday at the Greater Phoenix Chamber of Commerce Economic Outlook 2007 breakfast. Brown runs RL Brown Housing Reports. .
Loudoun Housing Advisory Board members sought to drum up support among local builders yesterday for their proposed solutions to the county's housing needs, including a half-cent tax that would generate revenue for a $5 million housing trust fund.Four members of the board presented the results of a workforce housing study to about 50 members of the Loudoun County chapter of the Northern Virginia Building Industry Association at a breakfast meeting at the Washington Dulles Marriott.Since its inception in 2005, the board has been focused on studying possible housing solutions to recommend to the Board of Supervisors. With the recent study completed in the spring, the board is taking the results and its subsequent policy proposals to the public before it makes its recommendations to supervisors in October.At the NVBIA meeting, board members told builders that among other things, the study noted that there is a shortage of more than 14,600 affordable units for Loudoun workers in four industries.In those industries, a disproportionate number of workers commute into the county for their jobs.
Motley Crue bassist Nikki Sixx and his wife, former ``Baywatch'' star Donna D'Errico, finally finished refurbishing their Agoura Hills home of eight years, and now they've put it on the market at close to $3 million. During the past four or five years, D'Errico orchestrated an updating of the 6,000-plus-square-foot house on 40 acres. Remodeling the 1982 house included a complete overhaul of the kitchen. Between renovation projects, the actress, 38, and her 48-year-old, spiky-haired, glam-rock husband busied themselves in their careers. Then in April, after nine years of marriage, she filed for divorce. The Spanish-style villa has six bedrooms, 4 1/2 bathrooms, a family room, a formal dining room and a bonus room. The master bedroom suite has a balcony, vaulted ceiling, two walk-in closets, a spa tub, a steam shower and a redwood sauna.
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