#Housing Market

Sandra Bullock, Justin Bieber and Other Stars Who Lost Money on Real Estate in a Booming Market

As the Los Angeles housing market has gone up and up, some high-rolling real estate players are selling their mega-mansions — surprisingly — at a loss. Trevor Noah recently sold his Bel Air mansion for $26.4 million, more than $1 million less than he paid for it in 2020. Michelle Pfeiffer and David E. Kelley sold a Pacific Palisades home for $6.5 million, $1.2 million less than they paid for it in 2018. Earlier this year, Sandra Bullock sold a condo in West Hollywood’s Sierra Towers in an off-market deal to Joker director Todd Phillips. According to, she paid $5.1...
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Budgetel to be converted to apartments

An Atlanta developer plans to convert the Budgetel Inn and Suites at 609 S. Thornton Ave. in Dalton to apartments, according to local officials. “A developer has purchased the site and will turn it into micro apartments,” said Dalton-Whitfield Joint Development Authority Executive Director Carl Campbell. “This will be aimed at young professionals, probably just coming to Dalton, who don’t need a lot of space and don’t plan to be there for a long stay, maybe one year or so.”
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Opinion: Stead: Personnel drought leads to a closed dump and more

The dump was closed last Sunday. Between the federal holiday and low staff levels, they were closed from Saturday to Wednesday. That is pretty extreme for June, but without anyone to work there, they have had to continue with the winter hours. There has been quite a bit of grousing about this, but to his credit, the Department of Public Works director firmly says that his employees deserve two days off in a week, and those are guns he should stick to.
East Valley Tribune

Listings suddenly flooding Valley home market

Whether you’re selling your home or looking to buy, better wear seatbelts. And that may especially be true right now for sellers, who are flooding the Phoenix Metro housing market with a record number of listings, according to the Cromford Report. The Cromford Report, the Valley’s leading analyst of...

Covid couldn’t cool house prices, but the economic chill might

Every economic indicator in Britain has started flashing red, but the housing market has marched relentlessly on. Nationwide building society will release its latest house price index for June this week, along with regional data for the second quarter, while the Bank of England’s latest mortgage lending figures should also shed more light on the state of the UK property market. Prices are up 5% this year, although uncertainty about the wider economy has meant Nationwide has not issued an annual house price forecast.

MaineHousing offers home loans with lower interest rates for first-time homebuyers

The Federal Reserve has raised interest rates, hoping to slow the white-hot housing market, but there is help for first time homebuyers in Maine. MaineHousing offers home loans to first-time homebuyers with a lower interest rate, but the agency says what’s really needed is affordable new home construction, specifically for first-time homebuyers and working-class families.

Mortgage payments up 37% in Chicago, as housing affordability hits 15-year low

Chicago mortgage payments have grown 37%, as housing affordability hits a 15-year low, according to a new report. Zillow’s latest market report found rising mortgage costs, along with skyrocketing prices and interest rates have made mortgages less affordable than they’ve been since 2007. The hit to affordability has...

America Wasted Its Chance to Push the Economy Forward

That is the queasy feeling I have as I watch borrowing costs surge, housing starts fall, and politicians rush to subsidize fossil-fuel consumption. Americans had a decade-plus in which interest rates were low and millions of workers were unemployed or underemployed. We could have made investments that would have benefited all of us. And we wasted that chance.

AZ Briefing: Phoenix housing market's slowing; White Mountain Apache tribe recovering after fire; meet D-Backs broadcaster Chris Garagiola

A look at some of today's top stories, the weather forecast and a peek back in history. Metro Phoenix's housing market is definitely slowing. What has to happen for prices to fall?  The 2002 Rodeo-Chediski Fire dealt a near-fatal blow to the eastern Arizona White Mountain Apache Tribe. Here's how it has fought to recover. ...