by Dan Polimino | Nov 26, 2008 | Luxury Market
Amid the subprime mortgage disaster, it’s easy to forget that a lot of people own their homes outright. In fact, a full one-third of U.S. homeowners don’t have a mortgage to worry about. According to an analysis of census information by USA Today, there...
by Dan Polimino | Nov 13, 2008 | Luxury Market
The Board of Directors of the National Association of REALTORS® in its Monday meeting in Orlando, took actions to keep its members positioned for success in today’s challenging real estate markets. Economic Stimulus The Board affirmed a four-point...
by Dan Polimino | Nov 7, 2008 | Luxury Market
Speaking to a mortgage-finance symposium in Berkeley, Calif., by videoconference Friday, Federal Reserve Chairman Ben Bernanke described a plan for managing the mortgage-securitization crisis. He suggested creating a government bond insurer for mortgage funding....
by Dan Polimino | Nov 5, 2008 | Luxury Market
Richard Davis, broker-owner of Trademark Properties Real Estate Inc., goes to court today in his home city of Charleston, S.C., where he is fighting A&E Television Networks. His suit claims A&E owes him as much as $30 million for creating the popular show,...
by Dan Polimino | Oct 31, 2008 | Luxury Market
Pilots and their planes now call more than 600 fly-in communities across the country home, says Dave Sclair, retired publisher of General Aviation News. “It’s a very popular trend,” he says. John Travolta keep his Boeing 707 parked at his estate in...
by Dan Polimino | Oct 30, 2008 | Luxury Market
Municipalities with high rates of foreclosure are struggling to figure out how to deal with falling tax revenues. For instance, Stockton, Calif., draws 43 percent of its revenues from property and sales taxes. Home prices in the community have been cut in half since...
