Tuesday, May 27th, 2008
A Tiny Masterpiece, Unloved, Faces Threat
The owner of a Philip Johnson house in New Canaan, Conn., is seeking an buyer who will not demolish the house.
The owner of a Philip Johnson house in New Canaan, Conn., is seeking an buyer who will not demolish the house.
Joel Grey’s tiny bungalow in Venice, Calif., is 650 square feet of white walls, windows, ceiling and rafters.
Sales of new homes rose in April for the first time in six months although the unexpected increase still left activity near the lowest level in 17 years.
It can take months, even years, for some homes to wind through the foreclosure process, and decay sets in.
A real estate investment group has agreed to pay $1.47 billion for four Manhattan office towers, including the landmark General Motors building on Fifth Avenue.
Inman News Homes take longer to sell today than they did in 2005. This is due to a slow home-sale market that has resulted in a build-up of the inventory of unsold listings. Although there are exceptions, this situation is expected to continue until late 2008 or 2009 — at least. What options do sellers have whose homes aren’t selling …
Inman News DEAR BENNY: I am considering buying a condo in San Francisco. It looks like most condos advertise taking title as TIC (tenants in common). Can you please explain a little more about TIC? What are the disadvantages and advantages? –Eton
Inman News (This is Part 4 of a five-part series. Read Part 1, ” Lenders wise to beef up default-risk reserves “; Part 2, " Borrowers, insurers would save with new mortgage insurance "; and Part 3, " Mortgage insurance cheaper under new plan .”)