Saturday, March 27, 2010

America's $50 Million Homes - Forbes
When brokers and sellers determine an asking price for a home in the double-digit millions, local real estate statistics mean almost nothing. Instead of relying on metrics like "comparables," the industry term for similarly appointed homes that have

US unveils plan to shrink some home loans - Today's Zaman
and we probably wouldn’t succeed in any case, because many people got into homes that they simply cannot afford.” The administration also stressed that the plan won’t aid investors, speculators or “Americans living in million-dollar

Castles for the Common Man - Wall Street Journal
buyers dropping out and homes languishing on the market, sellers are beginning to capitulate, cutting prices to move their properties. The result: Buyers with lots of cash, or access to it, can find great deals. Not all million-dollar homes are

A Good Time to Buy? Yes, But No Need to Rush - Wall Street Journal
Today’s look at the high-end housing market reveals how more sellers are beginning to get more realistic about home prices and cut deals on million-dollar homes. Many housing economists say that for borrowers who can get a mortgage and who have

Gov't unveils plan to reduce home loans for troubled - WTHR
Those groups include investors, speculators, people living in "million dollar homes," and those who default on vacation homes.

Million dollar marijuana factories disguised as - KENS 5
In all, 1,400 high-grade marijuana plants -- along with more than 200 pounds of loose marijuana -- were seized from all six homes. The street value is estimated at between $6 million and $7 million. Police say even though the suspects use a lot of

Mortgage plan needs investors, bankers aboard - Morning Sentinel
The plan will not help investors, speculators or "Americans living in million-dollar homes or defaulters on vacation homes," an administration fact sheet said. Diana Farrell, a White House economic adviser, acknowledged the plan won't prevent many of

U.S. to increase housing loans - Detroit Free Press
The administration also stressed that the plan won't aid investors, speculators or "Americans living in million-dollar homes or defaulters on vacation homes." But preventing even a fraction of potential foreclosures could help stop home prices from

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