What's Hot on HousingWatch This Week

Reese moves on, Dwayne moves up, Michael makes a move that leaves experts worried about his resale value. See what else was hot on HousingWatch this week:

1. Reese Witherspoon Buys New House for $7M
Reese Witherspoon and Steven Seagal now have one more thing in common besides a penchant for law-inspired movies (Above the Law and Legally Blonde - see what I did there?): the actress has purchased the actor's L.A. home for a cool $7 million. Read more.

2. Dwyane Wade's Slam-Dunk Home Deal
The 12-hour days that Miami Heat guard Dwayne Wade and his real estate agent put in looking at more than 50 homes finally paid off, in a hot deal at 40% off of listing price (a savings of almost $7.5 million!) Read more.

3. Michael Jordan Estate in Florida Revealed
More news of ballers in the Sunshine State: Michael Jordan is mid-build on a mind-blowing 28,000-square-foot home on Florida's exclusive Jupiter Island. The only thing the megamansion is missing? A view of the water. See why when you read more.

4. 'Godfather' House on Sale in Staten Island
For the first time since the movies were released in the early 1970's (for the first time in 50 years, actually), the Staten Island mansion that housed The Godfather's Corleone clan is on the market. Read more.

5. Homebuyers: Afraid of Buying a House?
Finance-aphobia? Mortgage-itis? Whatever it is, it's spreading like a virus across the housing market: fear of buying a house. See why so many potential buyers are sitting nervously on the sidelines. Read more.

6. John Mayer Lists L.A. Crash Pad at a Loss
Pop star John Mayer is pulling up stakes in Pacific Pallisades, listing his 4-bedroom house at a half-million dollar loss. Poor guy will have to find a way to fit his 7 Grammy awards into his $2 million SoHo apartment. Read more.

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