Categories: Apartments

Manhattan buyers walking away from deposits of more than $1 million

Posted by: Prashant Gopal on February 27

You'd think that a home buyer who put down a deposit of $1 million would be pretty much locked into a purchase, even in the toughest circumstances. But, as The...

Oops. You actually can call your building "family friendly"

Posted by: Peter Coy on June 30

Very belated correction: A year ago I pointed out a New York Times article that warned real estate agents against describing an apartment building as "family friendly." The reason, supposedly,...

What will $800 a month get you??

Posted by: Dean Foust on May 01

My BusinessWeek colleague Peter Coy has periodically had fun with comparing different real estate markets around the country--i.e., "Here's What $300,000 will buy you around the country." In the same...

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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