Debtors Row at the Plaza
The Plaza is like a dorm for billionaires. The recently re-opened New York hotel/condo — and former home to the jet-setting Eloise — boasts owners such as New England Patriots boss Bob Kraft, corporate chiefs of Staples and Esprit, high-end Wall Streeters and the occasional bargain-hunting Italian racing mogul.
How to Modify Your Mortgage
Angie Acevedo is the type of consumer who holds on to paperwork. She reads the fine print. And when she talks to a customer service rep, she always writes down the person's name.
Pitfalls of the First Purchase
A SECOND home — it’s a dream come true, right? Unfortunately, some first-time buyers make rookie mistakes that can turn owning a vacation house into a nightmare.
Lender-Abandoned, Non-REO Foreclosures
Consider this troubling question: Do mortgage lenders have any obligation to take over a property that has defaulted on its mortgage? The short answer, it appears, is no: I hadn't previously considered this, until a recent article in the Chicago Tribune started me down this path.
Kudlow: How to Predict How Far Home Prices will Fall
People are wondering how far home prices have to fall before hitting bottom, or some sustainable level. One way is to look at what a price reversion to trend would entail.
Benefits of Buying a Bank Owned Property (REO)
REO stands for real estate owned. This term is used when referring to a home that has gone through the foreclosure process, failed to find a buyer at the auction, and is now owned by the bank.
10 Recession-Proofs Home Improvements
Just a few years ago, a real estate flipper could parlay a several-thousand-dollar upgrade into a substantial profit.
The Stealth Bailout in the Works for Builders
First developing news: The Republicans in the Senate, evidently fearing voter backlash, have agreed to work with Democrats on a big housing bailout.
Bathroom Revamp: Savings by the Gallon
There's a reason Europeans call them water closets. From our toilets to our tubs, roughly 60 percent of a home's water consumption takes place in the bathroom, according to the California Urban Water Conservation Council.
Digital Dirt- Behind the Centex Deal
Now that the home building industry has had a day or two to digest Centex's sale of 8,500 lots to a joint venture led by Dallas-based RSF Partners, it has become clear that at $161 million, the price was paltry.
Today's Market is a Real Fixer-Upper
The real estate industry suffered such a freefall in 2007 that even the most hopeful scenario was for the market to hit bottom by summer, or by autumn, or by Christmas. That turned out to be overly optimistic.
Cara and Robert Barnes's plans for their 2006 wedding did not include searching for a new residence.
Hz So Good
Architects Simon Beames and Simon Dickens are worried. They are worried about the impact that construction makes on the environment, though they are equally concerned about being thought of as patchouli-scented Deadheads.
Countrywide Want to Sell You a House
So, you've heard about the foreclosure crisis, and to you foreclosure sounds a lot like opportunity.
Overvalued Housing Not Limited to US
In its World Economic Outlook report, the IMF also concluded that central banks should pay close attention to home prices and consider raising interest rates when prices are rising rapidly.
FROM AROUND THE REGION: DC-MD-VA
District Sues 23 Landlords for Code Violations
The District held out the promise of relief to hundreds of tenants living in deteriorating buildings yesterday, suing 23 property owners whose 71 rental buildings have a history of "egregious" code violations.
Fairfax Weighs Tax Increase
Fairfax County taxpayers should brace for a 3-cent rise in the property tax rate to cover funding shortfalls for public schools and human services this year, several supervisors said.
From Foreclosed Home to Office: A Double Risky Venture
Q: I own a small business in Virginia and have been in my industry for 18 years. I rent a building with a month-to-month lease.
Waiting for Rail Taxing for Landowners
On Monday, Fairfax Board Chairman Gerry Connolly (D-at large) presided over a roughly eight-minute meeting of the Dulles Rail Transportation Improvement District Commission, which voted to recommend a district tax rate of 22 cents on commercial and industrial properties, the same rate as last year.
Town Proposes $43.7 Million Budget
Unlike other jurisdictions in the area, the Town of Herndon is considering an essentially flat budget, rather than having to make cuts – without considering increasing any town taxes.
Arlington Retains Best Jobs Picture in Va.
The skittish national economy has yet to dent the jobs picture in Arlington, which again in February posted the lowest unemployment rate in Virginia.
Fairfax Unemployment Rate Dips to 2.6%
The unemployment rate among Fairfax County residents dropped slightly in February and remains below the regional average, according to new figures reported by the Virginia Employment Commission.
Report: Va. Has Highest Concentration of High-Tech Jobs
For the second consecutive year, a national report found that Virginia has the highest concentration of high-tech jobs in the country.
Towson Tract Auctioned for $1.9 Million
A Baltimore development company made the winning $1.9 million bid on a slice of Baltimore County-owned land in the heart of Towson at an auction yesterday.
Couple Fell In Love with City House
When the time came to stop renting along the Essex waterfront and purchase a home of their own, Kevin Barnett and his then-pregnant wife, Lisa, began scoping out Baltimore neighborhoods.
Tax District to Fund BRAC
Tax districts to pay for BRAC-related growth in Harford have received state lawmakers’ approval.
DC Area's Technology Sector No. 2 in the Nation
Technology companies in Virginia, Maryland and the District employed 471,900 people in 2006, according to a new study from AeA.
Third Place Coffee Houses as Economic Development
I first profiled Tryst back in 2003 as a popular coffeehouse third place in Adams Morgan, Washington DC. But five years later, ten years after it first opened, it's not only become a neighborhood institution, but it really should be seen as a contemporary model for job creation.