Mortgages and Loans help
The U.S. housing crisis arrived on July 14 at Stonebrook Court, the 26,000-square-foot Tudor-style home of California venture capitalist Kelly Porter. On that day, four months after putting the house on the market, he cut the price by $7 million.
For many aspiring homeowners, buying a condominium is an affordable way to transition from being a renter and begin reaping the benefits of homeownership without a lot of the added costs involved in maintaining a house with a yard.
After many years living in Georgetown and Columbia Heights, Lynda Couvillion and Michael Seidman were certified city dwellers, accustomed to close-in living.
Improbable as it sounds at a time when U.S. homeowners have lost billions of dollars in equity, an industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments.
The Post’s Maryann Haggerty and columnist Elizabeth Razzi answer your questions about the local housing market.
Starwood Hotels’ high-end St. Regis brand will make its first appearance on the Las Vegas Strip under a deal in which Starwood will manage a condo development for Las Vegas Sands.
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Allen Iverson cut the price of his Pennsylvania home; Matthew Modine purchased a condo in New York City; Leonard Ross took the Hearst estate in Beverly Hills off the market.
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Boosted by a stronger currency and rising house values at home, Canadians are now the biggest foreign buyers of U.S. homes.
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The Post’s Maryann Haggerty and columnist Elizabeth Razzi answer your questions about the local housing market.
Could CVS Caremark’s pending $2.61 billion purchase of Longs Drug Stores come undone? Dissident shareholders hope so, having intensified their campaign to disrupt the deal just as the proceedings hit the home stretch. Their potential wedge is the value of Longs’ real estate.
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