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Sold late August for nearly $2.75 million, Arthur Erickson's Filberg House in Comox, British Columbia was designed in 1959 and is said to be the first residential property designed by the Vancouver-born architect. The recent sale of the home has stirred up some concern amongst Erickson fans. Some... View full entry
It is clear not everyone is tightening the purse strings in tougher economic times following a year of record-smashing home sales in 2018. Despite global boom-time economies starting to wane, the big spenders were still out in force snapping up some of the most expensive properties on the planet right up until the end of the year. — The Spaces
A round-up of the world's five priciest homes sold in 2018, plus another three that are still on the market in case you're looking for a swanky new abode in 2019. View full entry
“It’s not rare for us to go and try to make sure that no one buys the house of someone who’s facing foreclosure,” says Rob Call, an organizer for Occupy Our Homes Atlanta (OOHA). In Georgia, houses are publicly auctioned every first Tuesday of the month on each county courthouse’s steps. "[...] these auctions were mostly vacant. No one was really trying to go after these homes, but then they were [suddenly] swamped with people bidding up houses with quick access to sizable cashier’s checks.” — nextcity.org
Related: By 2011, Atlanta Had Demolished All of Its Public Housing Projects. Where Did All Those People Go? View full entry
All-cash deals hit a record 43% of home sales during the first three months of 2014, according to RealtyTrac. That's up from 19% a year earlier and the highest level reported since RealtyTrac began tracking the deals in early 2011.
The jump is due to two main factors: strict lending standards that make it difficult to get a mortgage and intense buyer competition.
— CNNMoney
