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The once red-hot California housing marketing has officially turned. The California Association of Realtors reports that sales fell 40% in October while the median home price dipped below $500,000 for...
Should state governments take on the task of writing insurance policies for homeowners? I did an interview with an insurance executive recently on the topic of how insurers are pulling...
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.