Real Estate and Housing

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Foreclosures Can Offer Deals, but Buyer Beware

New York Times - Fri Dec 4, 5:45 pm ET

Houses in foreclosure often sell for 15 to 20 percent less than comparable in the same neighborhood.

News Stories

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City Brushes Up Definition of Artist
New York Times - Fri Dec 4, 8:34 pm ET
Peekskill is rethinking the criteria for eligibility for its artists’ housing.
A New Castle for Chess King
New York Times - Fri Dec 4, 8:34 pm ET
Garry Kasparov, the retired world chess champion, is a master of strategy and logical thinking, and he has begun to apply those skills to the New York real estate market.
Price Cuts of a Princely Kind
New York Times - Fri Dec 4, 8:34 pm ET
An apartment in Palazzo Chupi, five condominiums that the artist and filmmaker Julian Schnabel built atop a former stable at 360 West 11th Street, was just sold by Richard Gere.
Downtown, Living Upstairs
New York Times - Fri Dec 4, 8:34 pm ET
If smart-growth advocates and suburban planners have any say in the matter, apartments over stores on Main Streets in the suburbs will regain their cachet.
Architect-Developer-Experimenter in West Chelsea
New York Times - Fri Dec 4, 8:33 pm ET
Designed by Jared Della Valle and Andrew Bernheimer of Della Valle Bernheimer, the midrise condominium at 459 West 18th Street is a case study for architects in selling high design in a turbulent market.
Marc Holliday
New York Times - Fri Dec 4, 8:33 pm ET
Mr. Holliday is the chief executive of the SL Green Corporation, a real estate investment trust, which is one of Manhattan’s largest landlords of commercial office buildings.
Medical units deploy from Fort Hood, a month after shootings
Washington Post - Fri Dec 4, 3:55 pm ET
Two units of Army therapists whose ranks were decimated in the Fort Hood shooting rampage last month are heading into battle abroad, right on schedule.
Banks pressured to be more helpful
Las Vegas Sun - Sat Dec 5, 5:10 am ET
Throughout the foreclosure crisis, lawmakers and the administration have raised concerns that lenders are not doing enough to help families keep their homes and that the federal government is limited in its ability to press them to do more.
The undefeated Saints lift spirits in New Orleans
AP via Yahoo! News - Fri Dec 4, 3:46 pm ET
They ain't the Ain'ts anymore. And ain't that grand for New Orleans.
Foreclosures Can Offer Deals, but Buyer Beware
New York Times - Fri Dec 4, 4:00 pm ET
Houses in foreclosure often sell for 15 to 20 percent less than comparable in the same neighborhood.
Mortgage-Bond Yields Jump to Highest in Month After Jobs Data
Bloomberg - Fri Dec 4, 11:56 am ET
Dec. 4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows.
CORRECTED: Guinea on edge after attack on junta leader
Reuters via Yahoo! News - 33 minutes ago
Guinea's capital was on edge on Saturday following a botched assassination attempt on the head of the ruling junta, with residents bracing for further violence between out-of-control army factions.
Snohomish County home sales up; prices fall
Everett Herald - 49 minutes ago
Snohomish County home sales were strong in November, but that didn’t stop prices from continuing to fall. There were 803 homes sold last month, an increase of more than 130 percent in comparison to a year ago, the Northwest Multiple Listing Service reported Thursday.
Britain’s 3-Wheel Solution to Mobility for the Disabled
New York Times - Sat Dec 5, 12:49 am ET
Ian Hellings is considered the world’s most active collector of vehicles built under a British program for wounded veterans and disabled citizens.
Self-Storage King Takes a Moment to Savor His Victory Over Columbia
New York Times - Fri Dec 4, 10:46 pm ET
Nicholas Sprayregen, the self-storage impresario who has been fighting Columbia University’s expansion plan, spent much of Friday reveling in a court ruling that had gone his way.