real estate

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Foreclosures Inch Downward ... a Whole 0.1%

Some very small signs of progress

(Newser) - Banks initiated the fewest number of foreclosures since 2007 last quarter, according to new figures from the Mortgage Bankers Associations. But don't be too quick to don the rose-colored glasses: The number of loans in foreclosure remains stubbornly high at 4.4%—down only a hair from last year'...

Lizzie Borden's House Up for Sale

She moved there after the axe murders

(Newser) - The house where Lizzie Borden spent her life after her sensational trial is up for sale. Located in Fall River, Massachusetts, the Queen Anne Victorian dubbed Maplecroft is on the market for $650,000, reports the local Herald News . Lizzie lived in another house in the same town in 1892...

Hong Kongers' Problem: No Place to Have Sex

Residents believed to have 'least amount of sexual knowledge in the world': expert

(Newser) - Hong Kongers have a sex problem, reports the AFP : They're apparently not having much of it, and one theory as to why may surprise you. Real estate prices. That's right, "One of the reasons is they have no place to have sex," explains a professor who...

Singapore Drops Incentives to Lure Rich Foreigners

Natives became angry after property values spike

(Newser) - Sorry, rich folks. Singapore apparently has enough millionaires for now and is no longer holding the door open quite so widely to attract more from other countries. The nation is scrapping a program that allowed wealthy foreigners to get fast-track permanent residency provided they kept enough money in Singaporean banks...

Up for Auction: America's Smallest Town

Buford, Wyoming, can be yours for a minimum bid of $100K

(Newser) - Got $100,000 lying around? You could buy a very small house in a decent suburb, or you could place the opening bid in the upcoming auction for Buford, Wyoming. The 10-acre town currently contains a post office, gas station, trading post, and exactly one resident. Tomorrow, that resident, Don...

NYC Buyers Win Apartments With ... Love Letters

Real estate brokers recommending the practice

(Newser) - How to snag a coveted New York City apartment? Increasingly, brokers are recommending an unconventional tactic: love letters. The letters are sent along with the offer, and they should include such heartwarming details as the story of how a couple met (just two blocks away, while walking their dogs!),...

Facing Foreclosure? BofA to Let You Rent Your Home

New 'mortgage to lease' program kicks off in test markets

(Newser) - Falling behind on your Bank of America mortgage? Well, what would you say if the bank offered to take your house, but let you rent it for a while? That's the idea behind a new "Mortgage to Lease" pilot program that BofA is rolling out in select markets...

Wall Street May Soon Be Your Landlord

Fannie Mae mulls bulk sales that would turn homes into rentals

(Newser) - Wall Street firms may soon have a new gig: landlord. A number of them are looking into getting directly involved in real estate, buying up foreclosed properties from Fannie Mae in bulk, reports the Wall Street Journal . They couldn't then flip the houses—per the deal, they would rent...

Sex and the City Brownstone: Yours for $9.65M

Carrie's original pad back on the market

(Newser) - Still pining for Carrie Bradshaw? The New York City brownstone that served as her original home on Sex and the City is up for sale for $9.65 million, reports the Daily News . The West Village townhouse has 4,100 square feet, four stories, five bedrooms, six fireplaces, and a...

New Wealth Status: Plenty of Bathrooms

Figure two for every bedroom: LA Times

(Newser) - The real world might be worried about foreclosures and short sales, but when it comes to real estate, the well-heeled are focused on ... bathrooms, reports the Los Angeles Times . In fact, today's not-so-humble mansion should have two bathrooms for every bedroom if it hopes to compete. (Think en suite...

Dick Clark's Flintstone-y Mansion for Sale

Malibu estate listed for $3.5M

(Newser) - Dick Clark has put his 23-acre mountaintop home in Malibu up for sale for $3.5 million, reports Forbes . This one seems to be drawing lots of attention because the home looks like it's straight out of the Flintstones, notes the Los Angeles Times , which says the interior has...

Michael Jordan Selling Estate for $29M

Regulation-sized basketball court? Of course

(Newser) - It would make a nice souvenir for any Chicago Bulls fan: Michael Jordan's estate along Lake Michigan in suburban Chicago is up for sale, reports AP . It's got the usual estate specs: 56,000 square feet, nine bedrooms, 15 bathrooms, five fireplaces, plus a few Jordan-esque touches: a...

Buy a French Village for $431K
 Buy a French Village for $431K 
Feb 22, 2012 5:42 PM CST

Buy a French Village for $431K

Deserted hamlet of Courbefy has 19 buildings

(Newser) - Got $431,000 lying around? A deserted French village can be all yours. Courbefy, located in the Limousin region, comes with 19 buildings, including family homes, reports the Telegraph . Be forewarned: Neighbors say it's frequented by "thieves, drunks and squatters," and one dubbed it a ghost village....

&#39;Squatter&#39; Who Claimed McMansion Gets the Boot
'Squatter' Who Claimed McMansion Gets the Boot
in case you missed it
Feb 11, 2012 10:55 AM CST

'Squatter' Who Claimed McMansion Gets the Boot

Texan's 'adverse possession' argument rejected

(Newser) - The Texas man who claimed the law of "adverse possession" allowed him to get an abandoned $340,000 home by paying $16 to file a claim is now looking for somewhere else to live. A judge decided that the current lien holder, Bank of America, had the right to...

Florida Abolishing 'City That Never Was'

Conservationists thwarted developers' plans for Islandia

(Newser) - Florida's smallest city, which spans 33 islands at the north end of the Florida Keys and is home to many more manatees than people, is about to be wiped off the map. The city of Islandia only ever really existed in the minds of developers, who declared it a...

Gerald Ford's Compound For Sale

Former president's desert home offered for $1.7M

(Newser) - A dream come true for wealthy Gerald Ford fans: The California home he lived in for decades after leaving office is up for sale at $1.7 million. The six-bedroom Rancho Mirage desert compound sits on the 13th fairway of the Thunderbird Country Club, and was designed by architect Welton...

Investors Snapping Up Daily Papers

Real estate a major factor in sale of 71 papers last year

(Newser) - Despite plunging revenue and circulation figures, plenty of people in America are still buying daily newspapers—lock, stock, and valuable headquarters. Some 71 daily papers were sold last year, and while some investors see buying a paper as a civic duty, others view it as a way to turn a...

$6.5M Ranch Comes With ... Herd of Elk

13-bedroom lodge is on 3,800 acres in Utah

(Newser) - A 13-bedroom lodge and 3,800-acre ranch in Utah is on the market for $6.5 million, and the sale offers a unique amenity: a herd of 50 elk. They contribute to the allure of the ranch as an upscale getaway for hunters, but the animals were not enough to...

Bam! Emeril Lagasse Asks $15M for NYC Home

Famous chef lists townhouse for $3.5M over purchase price in 2009

(Newser) - Celebri-chef Emeril Lagasse is hawking his Upper East Side townhouse in New York City for a whopping $15 million. That's a full $3.5 million over the price he paid for it in 2009, reports Forbes . Surprisingly, the listing for the 6,900-square-feet digs does not include a description...

Gucci Honcho Forks Over $32M ... for 2-Bedroom Home

Francois Pinault buys quite the London residence

(Newser) - There are extravagant home purchases and then there are extravagant ones: French billionaire François Pinault just forked over $32 million for a London home. The eyebrow-raising detail? It has just two bedrooms. Pinault, father of Salma Hayek's hubby, is the head honcho of PPR, the luxury goods company...

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