Despite an outcry among local residents who would prefer to see 22 acres in Middletown, N.J. preserved rather than placed on the market as a three-lot subdivision, Bruce Springsteen and the E Street Band drummer Max Weinberg succeeded in gaining approval for a well-researched plan that authorities stated was "done by the book," according to The Wall Street Journal. The 22 acres--which Weinberg hopes to sell for a total of $8 million--are part of a 40-acre property that originally fetched less than $1 million in 1997. For that story and more, check out Big Builder's bi-weekly blog roundup.
Dr. Housing Bubble points to the latter-day sins that continue to fuel foreclosures throughout the Golden State.
Seeking Alpha takes a look at the arguments posed by Eric Janszen, venture capitalist and proprietor of iTulip.com, related to the trajectories of recent bubbles, including the past tech bubble, the current housing bubble, and the impending alternative energy and infrastructure bubble.
Amid foreclosures and widespread pricing declines, The Housing Bubble posits that Houston is feeling the sting of the real estate downturn.
BusinessWeek's Hot Property reports on Scott Stern, prinicipal of St. Louis-based Lenders One, who recently testified before the Senate Banking Committee on his own personal "first law of economics:" namely, that the U.S. must protect homeowners from foreclosure to keep that inventory off the market and maintain housing prices.
Inman News takes a look at the National Association of Realtors' recent approval of a draft standard for real estate data exchange and the attempt to improve the communication of data among brokers, MLSs, and more across a variety of platforms.
Reggie Middleton's Boom Bust goes behind the scenes of recent earnings reports from Morgan Stanley and Lehman.