Industry Watch

INDUSTRY WATCH

August 29, 2004

Hispanic Liaison Office sets workshop on buying a home

Baltimore's Hispanic Liaison Office will hold a free, bilingual homebuying workshop next month.

The session will include information about government incentives, financing, credit counseling and tips on buying a home. Real estate professionals will provide information and answer questions.

The workshop is aimed at increasing homeownership by Hispanics. The event is scheduled from 8:30 a.m. to 3 p.m. Sept. 25 at St. Patrick's Church hall, 1728 Bank St. For more information, call 410-545-6532.

A tour of the Lauraville and Hamilton neighborhoods in Northeast Baltimore will be held after the session.

Home Depot tests venture with FSBO Internet site

A Web site that features for-sale-by-owner properties has acquired a high-profile ally that's likely to make real estate agents wince: Home Depot.

The big-box hardware titan has begun selling for-sale-by-owner yard signs that retail for $12.95. Sure, that sounds pricey for your basic plastic sign, but the price includes a property listing on www.owners.com.

The listing includes photos and property information. The site's answering service will field calls to sellers. At the moment, however, the kits are available only in seven Southern states. A Home Depot Inc. representative said the company is testing sales performance before offering the kits nationally.

Janet Jackson's Calif. home sold for about $9 million

Grammy winner Janet Jackson has sold her Malibu, Calif., home for about $9 million.

The new owners were reported to be Kelly Wearstler, a designer of hotels and nightspots, and her husband, Brad Korzen, chief executive of the Kor Group, a real estate investment, development and management firm.

The house has about 70 feet of beach frontage, and there are panoramic views from the beachfront deck. The master suite, which also overlooks the Pacific, has a fireplace and a sitting room. There are five bedrooms in the 5,600-square-foot house, built in the 1960s. The home also has a media room.

The pop diva is, at 38, the youngest member of the musical Jackson family.

In 1997, she released The Velvet Rope, a collection of songs, as part of an $80 million deal with Virgin Records.

Since February, she has been trying to put to rest the Super Bowl incident, in which her right breast was exposed during a halftime-show duet with singer Justin Timberlake.

From Sun staff, Chicago Tribune and Los Angeles Times reports. The Chicago Tribune and Los Angeles Times are Tribune Publishing newspapers.

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