A foreclosed home in Detroit, Michigan sold for $1, revealing the severity of the housing downturn in one of the hardest hit cities in America, the Detroit News reported.
To add insult to injury, it took 19 days to sell the property, although the buyer plans to pay in cash.
Back in late 2006, the home sold […]
Finally a solution to the ongoing mortgage and housing crisis.
For as little as $36,997, you can get your hands on a 65-square foot “tiny house” offered by the Tumbleweed company.
But if that’s still beyond your budget, you could consider ordering plans to build your own “tiny home” for as little as $995.
Tumbleweed specializes in ultra-small […]
An overzealous San Diego developer recently ran a deal offering two homes for the price of one, in the latest sign that the housing market is in pure shambles.
According to a flyer obtained by the L.A. Land blog, those who purchased a home starting at $1.6 million in the San Pasqual Valley (near the San […]
According to a report released by comScore, a global Internet information provider, real estate related traffic rose 5 percent in December 2007, compared to a year earlier.
The company counted about 32.7 million visits to real estate websites during the month, despite a recent downturn in housing.
The biggest mover was Trulia, a real estate search engine […]
Want to be closer to your favorite team? Perhaps be just a stone’s throw away from the stadium so you can tailgate in your own backyard for big Saturday matchups? Well, before you get too excited, you may want to size up real estate prices in popular college towns prior to packing your […]
Read full post...Fannie Mae Chief Executive Daniel Mudd said in an interview today in Washington that the housing slump will continue longer than earlier anticipated, estimating a downward trend beyond 2008.
Mudd said that home prices would fall 2 to 4 percent this year, and “more next year.”
Fannie Mae expects increased credit losses as a result, thanks in […]
Forbes recently released another top 10 list, this time the “top 10 riskiest U.S. Housing Markets”.
The level of risk is based on a number of factors, including percentage of homeowners with an adjustable-rate mortgage, percentage of homeowners with a loan-to-value of 90% or higher, price to earnings ratios for the cities, and vacancy rates.
Because […]
In the latest report from The National Association of Realtors sales of existing homes dropped by 3.8 percent in June, making it the fourth straight month existing home sales declined.
The seasonally adjusted annual rate of 5.75 million units is the slowest sales pace in 4 1/2 years, signaling a very real housing bubble burst after […]
Who wants it?
The Aspen, Colorado home of a Saudi Arabian prince has been listed on the market for $135 million dollars.
The home is the most expensive single-family residence property listed in the United States, a 95 acre estate built in 1991 for the family of Prince Bandar bin Sultan, the former ambassador to the United […]
Forbes.com released a list of the top ten markets for home buyers today. The list was based mainly on real estate supply and demand, with markets showing an oversupply and low sales rate topping the list.
Using data from Moody’s Economy.com and the National Association of Realtors, Forbes compared in-balance market conditions to current market […]