When the housing market went into the toilet in 2008, all of those house-flipping shows that were hits on basic cable went down the drain too. But now that the housing bust is apparently over, reality TV producers seem to think it’s once again high time to dedicate hours of airtime to flipping.
If you woke up this morning feeling slightly more invigorated… or maybe your coffee tasted just a bit better… maybe you found a $5 bill in your coat pocket on your way to work. It’s no coincidence: The Wall Street Journal has declared an end to the nation’s extended housing bust.
In a rural area in Maryland, reader MrStinkhead came across something that’s not so unusual: a mansion in the middle of a swath of farmland. What makes it unusual is that construction stopped partway through, sometime in 2010, and the building has been left exposed to the elements since. We don’t have any more details than that, which makes it nicely mysterious.
An Obama administration plan calls for the 14 largest mortgage companies to contribute to a federal fund that would help distressed homeowners avoid foreclosures.