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Real Estate News

• New York condo sells for a record $90M May 18, 2012
  An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer. […]
• 'I have an airplane hangar in my front yard' May 18, 2012
  Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane. […]
• The Facebook effect on San Francisco real estate May 17, 2012
  The Basis Point is a popular mortgage and housing blog that tracks consumer critical issues and data. It is edited by Julian Hebron, a retail mortgage lender who runs the San Francisco branches of RPM Mortgage. […]
• Home buying at most affordable level in decades May 17, 2012
  Buying a home has reached its most affordable level in more than two decades. […]
• Mortgage rates hit record low again May 17, 2012
  Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row. […]
• Foreclosures fall to lowest level since 2007 May 17, 2012
  Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. […]
• Mortgage delinquencies drop to 4-year low May 16, 2012
  The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday. […]
• George Lucas proposes affordable housing plan May 16, 2012
  The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan. […]
• BofA offering up to $30K for short sales May 15, 2012
  Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. […]
• Park Ave. co-op sells for record $52.5M May 15, 2012
  A recent sale in New York's famed 740 Park Avenue apartment building marked the highest price ever paid for a co-op in the city's history. […]
• Artist's habitat in the Jersey woodlands May 11, 2012
  Ricky Boscarino is a sculptor, painter and jewelry maker whose biggest art project for the past 23 years has been his home on five quiet acres. […]
• Unique home in the Jersey woods May 11, 2012
  One of America's most flamboyant private residences lies in the woods of northwest New Jersey. It's the personal vision of artist and craftsman Ricky Boscarino and reflects his eccentric world view. […]
• Redo your roof the right way May 11, 2012
  It's hard to imagine a less enjoyable way to blow $5,000 to $15,000 (or more) than putting on a new roof. […]
• Another record low for mortgage rates May 10, 2012
  Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records. […]
• Consumer bureau targets predatory lending May 10, 2012
  The federal government is considering a new set of rules on mortgage origination that it says would make the process simpler and more transparent for borrowers. […]
• 10 housing markets set for double-digit price gains May 9, 2012
  Ten hard-hit housing markets will record double-digit price increases through 2013, according to a report Wednesday. […]
• 7 questions for your next real estate agent May 9, 2012
  After four years of sleepy sales during the traditionally busy spring and summer homebuying seasons, real estate experts are forecasting a pickup. […]
• For sale: $50M Lake Tahoe compound with vanishing garage May 4, 2012
  When Internet millionaire Tom Gonzales was putting together his elaborate family compound on the shores of Lake Tahoe, he had one big concern: Where to put some of the most valuable cars in his 400-car collection. […]
• Housing: The one bailout America could really use January 17, 2012
  Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Ins […]