A report from the New York Post. "The Long Island mansion from the 1986 flick 'The Money Pit' has become a real-life money pit. This Nassau County home has sold for $3.5 million after five years on the market. That’s…
A report from Bloomberg. "Financial regulators led by the Treasury's Steven Mnuchin and the Federal Reserve's Jerome Powell have been put on notice about the risk of an economically damaging cash crunch in the $11 trillion home mortgage market. Behind…
A report from the Wall Street Journal. "Thirty floors above the showroom of a Chinese developer, a 29-year-old woman stood on a small rooftop ledge, threatening to jump and declaring that her recent home purchase had ruined her life. Ms.…
A report from Bloomberg. "The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. It’s called…
A report from CNBC. "This oceanfront mansion in Hillsboro Beach, Florida, was on the market for $159 million in 2015. But for three years the 60,000-square-foot compound had no takers. The owner eventually decided to put the estate on the…
A report from the Santa Cruz Sentinel in California. "September’s median price in the county dropped to $815,000, according to Gary Gangnes of Real Options Realty, who tracks the numbers. A year ago, the median home price was $920,000, according…
It's Friday desk clearing time for this blogger. "Jewell Handy has a steady income as a teacher, money for a down payment and even a history of successful homeownership. But when she decided to buy a house for herself and…
A report from the Wall Street Journal on New York. "A drop in sales of new Manhattan condominiums has been even steeper and broader than conventional sales measures indicate, according to a Wall Street Journal analysis of contract signings. Looking…
A report from Market Watch. "Fannie Mae and Freddie Mac may stop offering certain mortgages as they prepare to privatize, but borrowers won’t be left behind, the companies’ chief regulator said. 'Fannie and Freddie must not repeat the mistakes of…
A report from the Douglas Digital Daily in California. "Forget what’s fashionable in floor plans, decor or color palettes. This year’s hot housing flavor is something every house hunter can agree upon: a price discount. It’s no blip. The frequency…