A weekend topic starting with Realtor.com. "You hear these terms thrown around all the time: Second home, investment property, vacation home, rental property. But is there any real difference among them? And does it even matter what you call it?…
It's Friday desk clearing time for this blogger. "Real estate developer Mohamed Hadid’s Bel-Air mega-mansion is on the market for $8.5 million. Once the property sells, the house will be destroyed with proceeds of the sale funding the demolition, which…
A report from Realtor.com on New York. "Nobody wants to buy notorious sex offender Jeffrey Epstein's real estate. The convicted criminal's grand, 28,000-square-foot townhouse in Manhattan's tony Upper East Side has undergone a $23 million price cut. 'In New York,…
A report from the Pittsburgh Business Journal in Pennsylvania. "New York-based King Penguin Opportunity Fund has defaulted on its $16.4 million mortgage for City Centre Tower, the biggest of three buys the firm made in downtown Pittsburgh. Martin Perry, a…
A report from the Real Deal. "A pair of lofts owned by New York ex-banker Henry Buhl topped the list of luxury contracts signed in Manhattan last week. The second-priciest deal was a penthouse at 95 Greene Street, last asking…
A report from the Commercial Observer. "The New York Legislature on Monday greenlighted legislation that will allow renters and homeowners to delay eviction and foreclosure proceedings until May if they can demonstrate financial hardship caused by the pandemic. Unsurprisingly, landlords…
A report from PBS News Hour. "Landlords in Connecticut are not alone – without federal assistance economists estimate that by mid-January renters across the country will be behind by about $70 billion. And the losses go well beyond market-rate buildings,…
A report from the Oklahoman. "The Hill, an upscale housing development in Deep Deuce, was due for completition in 2008. The project has gone through more than a dozen extensions. Bill Canfield is in default of his agreement with the…
It's Friday desk clearing time for this blogger. "An Upper West Side property that was originally listed at $4.25 million sold in April for $2.2 million, a 48.2% discount. In Brooklyn, a Fort Greene home sold in June for $1.45…
A report from the Wall Street Journal. "Existing-home sales fell 2.5% in November from October to a seasonally adjusted annual rate of 6.69 million, the National Association of Realtors said. It was the first decline in six months. 'Without a…