Latest Posts
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 »
Top Ten Cities For Home Buyers
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 ... Read More »
Home Prices Post Biggest Drop in 16 Years
According to a housing index released Tuesday by Standard & Poor’s, home prices in the U.S. fell for a 17th straight month. During April, the S&P/Case-Shiller index that covers 10 U.S. cities fell 2.7 percent from year-ago levels, making it ... Read More »
Home Sales Slowest in 4 Years
For a third straight month, sales of existing homes fell in May, to the lowest level in four years while the median sales price declined for a record 10th consecutive month. In even more bad news, the inventory of unsold ... Read More »