Charleston Real Estate Blog

It's always exciting when there is something interesting in the REnet. A firestorm erupted in the social media world when The Lones Group sued Daniel Rothamel for trademark infringement. The usual disclaimer, I am not an attorney and I am not commenting in any way about the validity of the lawsuit. But what this post is all about is ...

Reuters is reporting that "Bank of America will announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding 'negative amortization' loans." What do you think of this idea, is it fair or unfair to other homeowners who ...

Business Week with a couple of stories about highs and lows, ups and downs in global real estate.  Manhattan: prices down. Manhattan apartment prices fell for a third consecutive quarter as Wall Street job losses drained demand and the decline in co-op and condominium values reached 21 percent since the market peak. Read ...

If you're looking for the next bubble in real estate, you don't have to look further than across the Pacific to Hong Kong where an apartment on the second highest floor sold for $56.5 million USD. The total square footage of the apartment including a 340 square foot garden was 6158 square feet and sold for a record price of 71,289 ...

I regularly read Jonathan Miller, NY real estate appraiser extraordinaire on his fantastic blog, Matrix. He just guest authored on Huffington Post and talked about CNBC's Jim Cramer call last fall of the housing market bottom on June 30, 2009. "During the week this magazine article came out, someone told me they had ...

Brian Boero at 1000WattConsulting seems to think so. "Do we need more real estate websites? Maybe not. Do we still need a better way to find place to live? Definitely. The small screen is where that better way lies."  Read more Did he just say this website is obsolete?

I had an opportunity to watch CNBC's documentary House of Cards hosted by David Faber on the origins of the financial crisis last evening. While I don't watch a lot of television, some news, the weather, certain sports and the occasional HGTV/Food Network fare, I don't watch CNBC as often as I used to but David Faber ...

My friend Larry Cragun from the beautiful Pacific Northwest seeks out the best consumer real estate articles and once in a while I'm honored to have one of my blog posts chosen by Larry. But here are the Magnificent 7 winners from the past year and there are some great posts. Enjoy.

A tough week in Seattle real estate circles with Redfin announcing layofffs of of 20% of their employees on Monday and Zillow following with a similar announcement yesterday, laying off 25% of their employees. Glenn Kelman, CEO of Redfin, A Very Tough Day. Rich Barton, CEO of Zillow, Difficult Times, Difficult Decisions. There is no ...

As expected, the US Treasury has seized control of Fannie Mae and Freddie Mac. The obvious question, what does that mean for you. Actions by the Treasury were meant to stabilize financial markets and ensure mortgage availability and affordability. Mark Zandi, Chief Economist at Moody's Economy.com said, "Effectively, the ...