Tuesday, May 11, 2010

Million-dollar homes are falling prey to foreclosure - USA Today
Heated pools, ocean views and media rooms are not what most people would expect to find in a foreclosed property, but more high-end homes — priced at more than a million dollars — have been falling into the hands of banks this year. Foreclosures

Hold On to That Mansion: Values of Priciest Homes Keep - Daily Finance
Several years ago, these buyers would have likely been in the market for $20 million homes. "I know is sounds odd, but these buyers are trading down to the next tier of million-dollar properties," he says.

Jumbo Loans Get Cheaper, But It’s Still Tough to Qualify - Wall Street Journal
The high-end of the housing market has suffered from a lack of buyers for million-dollar-and-up homes in the last year. One big reason is that it’s harder to get a mortgage that isn’t backed by a government-related entity, and the loan limits on

Million-dollar home sales take a dip - Denver Post
Sales of million-dollar homes in the Denver area dipped slightly in March, while the median sale price was up fractionally month-over-month, according to a recently released analysis by Coldwell Banker Residential Brokerage. A total of 34 homes sold

Where to rent celebrity homes - CNN
Keith Richards, Rocky Point Villa, Turks and Caicos The Scoop: Richards's estate is one of the multimillion-dollar private residences at Parrot Christina O, in 1954 for a reported $34,000, then spent $4 million transforming the vessel into a

Drop in late mortgage payments is first since 2006 - USA Today
MILLION-DOLLAR HOMES: Foreclosures rising "We cannot characterize it as a trend yet, but we anticipate that things will continue to improve." TransUnion expects another decrease for the current quarter, and then for the delinquency rate to stabilize

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