Throughout their 27 years of marriage, Kyle Richards and Mauricio Umansky have collected an array of impressive real estate across California and Colorado.
Despite news of their unexpected separation earlier in July, the couple are reportedly still “living under the same roof” in their Los Angeles home, a source revealed to PEOPLE. The pair share three daughters together — Alexia, 27, Sophia, 23 and Portia, 15. Richards also has a 34-year-old daughter named Farrah Aldjufrie from her first marriage.
It should come as no surprise that the pair have racked up a variety of stunning homes over the last few decades because Mauricio, 53, heads up the luxury Beverly Hills-based real estate firm The Agency. On his Netflix reality show Buying Beverly Hills, the broker leads a team of agents — including daughters Farrah and Alexia — as they buy and sell multimillion-dollar properties in one of the most desirable — and competitive — markets in the country.
Amid their separation, Richards, 54, is expected to appear alongside Mauricio on season 2 of the real estate show as they continue to navigate their new relationship status.
Here’s everything to know about the mansion they currently share in the San Fernando Valley, along with the other properties they’ve lived in over the years.
“It was actually one of my husband’s listings, and I said to him, ‘I wanna go look at this house to look at the floors,’ because I was redoing my floors at the time,” she explained, adding that she and Mauricio were “completely blown away” once they saw the new home in person.
“It’s not like anything you would see in Los Angeles normally, and I just fell in love and my husband did too,” she continued.
Richards often likes to snap photos of her outfits before a big event near the leopard print–carpeted staircase. The pair also take advantage of the mirror selfie op in their living room.
The Agency
Bel Air
Around the same time they packed their bags for the Valley, Richards and Mauricio listed the Bel Air home they lived in since 2011 for $6.9 million. After going on and off the market, and even being up for rent, four years later in January 2022, they finally sold it for $6.1 million. The listing was held by Mauricio, Farrah and Alexia.
The sprawling home is spread out across 6,250 square feet and includes seven bedrooms and eight full bathrooms. It was designed for utmost privacy on a tree-lined cul-de-sac and features a luxury pool and tennis court in the backyard.
Mountain Home
Aspen
The Colorado celeb hotspot has often been the family’s go-to escape for winter getaways and holiday celebrations. PEOPLE confirmed that the pair first purchased their vacation home in 2016. But six years later, they sold the three-story duplex for $9.75 million in June 2022.
Featuring four bedrooms and five full bathrooms, the mountain home also boasts a rooftop deck with a hot tub and scenic views.
Kyle Richards Umansky/Instagram
According to Bravo, the couple reportedly have a new Aspen home after revealing they needed more space for their family.
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La Quinta
When the family is in the mood for a sunnier vacation spot, they can head to their desert home located in California’s Coachella Valley — just a two-hour drive from their primary residence near Los Angeles.
“It’s been a really great place for us to escape,” Richards explains in a video tour for Bravo. The space embraces indoor/outdoor living and boasts stunning vistas of the surrounding mountains and golf course.
“We really just wanted a space where the kids can hang out and have fun, because this is a family house,” she says, adding that each of her four daughters have their own room.
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
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