Hot Property newsletter: What makes the L.A. housing market go round?

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Matthew Perry, Katy Perry, Geena Davis and Bret Michaels are among recent real estate movers and shakers.

in the Beverly Hills Post Office area for $7.95 million. She and actor-fiancé Orlando Bloom recently had a daughter.

The 5,146 square feet of living space also contain five bedrooms, an office, a library, a safe room and a bar. . “The Bold and the Beautiful” star and her husband, Creative Artists Agency agent Elan Ruspoli, are asking $2.1 million for the hillside home.

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L.A. homebuyers are suckers. Put in a hardwood floor and paint the walls and they think they’re buying the Taj Majal. Even on a 100 year-old shack of a house. Flip. Flip. The tales I could tell.

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Source: WSJ - 🏆 98. / 63 Read more »