Hint: It’s in a state with a lot of cheese. It has a low unemployment rate. It has about 40,000 people. Ok, you probably haven’t heard of it.
Foreclosures
Home Prices Rise Modestly in July on Seasonal Demand
Home prices rose in July, according to the S&P/Case-Shiller home price index, and have now risen for four straight months. The bad news? Home prices generally rise in July, and they’re still down 4.1 percent year on year.
How Nevada Became the Go-To State to Evade Taxes
Nevada rolled out the welcome mat in the 1940s for mobsters who transformed the sleepy town of Las Vegas into Sin City. Now, the Silver State appears to be welcoming a new generation of entrepreneurs looking for a legal haven for …
Evidence of ‘Robo-Signing’ In Disputed Fannie and Freddie Mortgage Deals
Long before the banks started evicting delinquent homeowners, Wall Street, it appears, used robo-signers to ink mortgage deals that would eventually cost investors tens of billions of dollars and in part led to the financial crisis.
Foreclosures Are Bad for Your Health
Losing your home is a nightmare—enough to make you sick to your stomach, and then some. Just how stressful is it to go through a foreclosure? A new study indicates that a rise in foreclosures correlates to an increase in …
Hot Market for Homes Selling Under $10,000
A market for ultra-cheap homes has emerged in cities around the U.S., and the result is that in many cases it’s much less expensive to buy a house than it would be to purchase a new car.
Has America Become a Nation of Squatters?
Before the recession, “squatting” brought to mind Appalachian-style family feuds, wherein the Hatfields camped out for years on end, shotguns cocked, on a remote corner of the McCoy’s acreage., or maybe starving artist
…
U.S. Senator Proposes Renting Out Foreclosures
There’s an old Lily Tomlin joke where she says, “Wouldn’t it be great if all the people in New York who talk to themselves were paired off, so it looks like they’re talking to each other?”
In a similar spirit, apparently, …
The Catch for a Half-Priced Luxury Rental? You Have to Fix the Place Up
Banks in Florida are having a hard time selling the many abandoned luxury properties now in their possession due to foreclosure. To get the homes in better shape in order to attract buyers, the properties are being rented out for …
From Deadbeats to a Target Market: Why Advertisers Are Going After Strategic Defaulters
AdAge says new "own-to-rent" class wields massive disposable income marketers must tap.
Man Gets $330,000 Home for $16
Thanks to a little-known Texas law, a man found an abandoned $300,000 home, moved his stuff in and filled out some paperwork. It cost him $16. Now, apparently he’s a homeowner.
Why Some Home Sellers Are More Delusional Than Others
Everybody knows that homes on the market are not all priced the same way. Some buyers want to sell in a hurry, so they set their price aggressively low. Others focus on maximizing the return on their housing investment, so they …