Wednesday, May 12, 2010

Million-dollar homes are falling prey to foreclosure - USA Today
Though the RealtyTrac data on high-end homes are not available on a regional or metropolitan basis, anecdotal evidence indicates the problem is cropping up across the country. High-end and luxury categories vary widely from market to market.

Wealthy Greeks Lift Prices of Luxury Homes in London (Update1) - Bloomberg
May 5 (Bloomberg) -- Wealthy Greeks helped push up London luxury-home prices at the fastest rate in two years as they seek a “safe haven” from their country’s sovereign debt crisis, Knight Frank LLP said in an e-mailed statement today. Prices

Million-dollar home sales take a dip - Denver Post
A total of 34 homes sold for more than $1 million in March, down from 37 in February and 36 during the same period a year ago. Meanwhile, the median sale price of luxury homes was $1.35 million, up slightly from $1.32 million the previous month but

Man chooses to defend self in federal loan-scheme trial - Columbus Dispatch
The case involves seven other luxury homes that Parenteau sold at inflated prices to buyers who later received kickbacks, prosecutors said. McCarty, Sartain and Mrs. Parenteau are among a number of defendants who have pleaded guilty for their roles

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