Bijan’s Beverly Hills Estate for $12 Million

The estate of Bijan Pakzad, the Iranian fashion designer who died last year, is putting his Beverly Hills, Calif., home on the market for $12 million. Lauren Schuker has details on The News Hub. Photo: Marc Angeles/Unlimited Styles Studio.

Huge London Home for $58 Million

A London home has listed for £37.5 million, or about $58 million. The 10,130-square-foot, seven-bedroom home is located in London’s St. John’s Wood neighborhood. Lauren Schuker has details on The News Hub. Photo: Bruce Thomas.

Big Homes Are Back in Business

Homes are getting big again. As the economy slowly improves and some consumers’ anxieties ease, buyers are upsizing again-though there is far less demand than before for huge houses loaded with upgrades. Robbie Whalen has details on Lunch Break. Photo: Chris Hardesty for The Wall Street Journal.

Mortgage Performance: Foreclosure Report Highlights May 2016

National Foreclosure Inventory Down 25 Percent Year Over Year The foreclosure inventory fell 25 percent year over year in May 2016. The inventory of mortgages in serious delinquency fell 21.6 percent year over year in May 2016. All states except North Dakota had a year-over-year decrease in the serious delinquency rate, but the increase was […]

Housing Policy: Handicapping Brexit

“Winners and Losers” The world has now had a couple of weeks to get over the shock of Brexit or the decision of Britain to exit the European Union. As week-three begins, global equity, debt and currency markets have stabilized. What does Brexit mean for the US mortgage and real estate markets for the next […]

Insurance: Determining Reconstruction Costs

Home features that have the greatest impact on reconstruction cost Reconstruction cost, not market value or assessed value, is used by insurers to determine homeowner coverage limits and is an important factor in determining a policy’s premium. Because of the many variables involved, the estimating tools that insurers use to arrive at reconstruction costs have […]

Housing Policy: Recent Activity Around Condo Project Eligibility

Shows Regulators/Investors Are Working To Make Condo Lending Easier/More Accessible Over the past few months, momentum has been building behind the efforts to standardize and streamline the project review processes that lenders use to determine if condominium projects meet eligibility requirements of the government-sponsored enterprises (GSEs). Currently, condo sales represent about 10 percent of the […]

Housing Trends: Distressed Sales Update April 2016

Distressed Sales Accounted for 9 Percent of Homes Sold Nationally in April 2016 Of total sales in April 2016, distressed sales accounted for 8.8 percent and real estate-owned (REO) sales accounted for 5.7 percent The REO sales share was 22.2 percentage points below its peak of 27.9 percent in January 2009 Distressed sales shares fell […]

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