GRAMMER SLEPT HERE
When asked who will get the 8,000-square-foot estate, "The Real Housewives of Beverly Hills" star said, "At this point, I have no idea."
"The financials have not been done," added Grammer.
The Grammers first put the 1.7-acre property on the market in 2008 for $15.6 million. The next year, they lowered the price to $13.9 million. The house has a heated gunite pool, a pool cottage, a Har-Tru clay tennis court and a home theater. - VALERIE KELLOGG
AN EXODUS OF THE YOUNG
Millennials - a group generally defined as those born between 1982 and 2000 - will play a vital role in stabilizing the housing market, predicts Trulia, a real estate site.
Even in a housing market bedeviled by foreclosures and falling values, more than one in four young adults said their views on owning a home had become more positive over the past six months, according to Trulia's most recent survey. Some 88 percent of 18-to-34-year-old renters said they aspire to be homeowners.
That sounds promising for the nation, but some would say less so for Long Island: Some 64 percent of residents in that age group said they plan to leave here in the next five years, according to a survey recently published by the Garden City-based Rauch Foundation.
That's not likely to improve unless Long Island communities can begin to provide transit-based downtowns with affordable rental housing to attract young professionals, the report says. - KRISTIN TAVEIRA