Latest Posts
Detroit Home Sells for a Buck
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 ... Read More »
Housing Crisis Resolved
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 ... Read More »
Two Homes for the Price of One
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 ... Read More »
Canseco Loses Homes to Foreclosure
Former MLB slugger Jose Canseco has walked away from his mortgage amid slumping real estate prices and hefty legal fees, according to the Wall Street Journal. According to the WSJ, Canseco purchased the 7,300 square-foot Encino, CA home for $2.8 ... Read More »
Real Estate Website Traffic Rises in December
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 ... Read More »
Top 10 Most Affordable and Most Expensive College Towns
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 ... Read More »
Neverland Ranch Faces Foreclosure
The loan tied to the 2,700 acre Santa Ynez Valley ranch-cum-amusement park owned by Michael Jackson is apparently in default. If the $23 million dollar loan and subsequent interest (believed to be $212,963) aren’t made up-to-date, there is a chance ... Read More »
Fannie Mae Says Housing to Bottom Out at End of 2008
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 ... Read More »
Top 10 Riskiest US Housing Markets
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 ... Read More »
$135 Million Dollar Home for Sale
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 ... Read More »