When Billionaires Move
Alexander Rovt, a Ukrainian billionaire who made his money in fertilizer, just bought one of Manhattan’s most storied mansions off Central Park for some $30 million. As a result, he’s selling his “old” house — which he spent …
Articles from Contributor
Credit Scores: Is 750 the New 680?
Buried in the housing data of the past few days (housing volume is down over the last month while prices are slightly up) was the most interesting release: the performance report of the Mortgage Bankers Association.
Is Your House Giving You Asthma?
More than 17 million American adults and 7.5 million children currently have asthma, and the rates are rising. According to the Centers for Disease Control and Prevention, 4.3 million more people were diagnosed with asthma …
What Should I Bid on a House?
Let me revisit a classic home buyer's question ("What should I bid on a property?") with some insights for today's modern, love-to-bargain, Internet data-filled world. It's a re-examination of home buying in a Groupon …
The Newest Real Estate Trouble: “Flopping”
Real estate markets are somewhat inefficient. This shortcoming allows me to make my living, because as an agent, I can add value with a keen sense of pricing. However, the imperfect market also allows room for scams. Meet the …
The Case Against High-End Rentals
Today’s piece by Diane Cardwell in The New York Times made the case that demand is robust and living is easy at high-end rentals, apartments or townhouses — where monthly rent starts at $10,000. The picture is half-right. As an …
Foreclosure Watch: It’s Not as Bad as You Think
As the U.S.’s foreclosure crisis plays out, homeowners are slowly catching up on paying their mortgages.
Poking Holes in The Depressing Housing Data
When the March Case-Shiller housing price data came out on Tuesday showing that prices in 19 of the 20 cities in the index had fallen, the news was unwelcome, to say the least.