Homeowners resort to arson in order to dump the financial albatrosses that are their homes while lenders send gift cards and delinquency notices disguised as wedding invitations, according to Dr. Housing Bubble. For that story and more, check out Big Builder’s bi-weekly blog roundup.
The Wall Street Journal looks at the “most hated” man in New York, who scored an apartment on Manhattan’s Upper East Side for $14,000, thanks to the Mitchell-Lama Housing Program.
The Housing Bubble takes a look at oversupply in Missouri, Illinois, Michicgan, Wisconsin, and Minnesota.
Seeking Alpha reports on the Office of Thrift Supervision’s plan to help mortgage borrowers who owe more than their homes are worth and more.
Inman News discusses a new training course for Realtors to enhance their online presence and better hone their technological skills.
Reggie Middleton’s Boom Bust points to a fear of insolvency rather than a lack of liquidity and the strongest contributing factor in a failure to move inventory.
According to BusinessWeek‘s Hot Property, homes in California may be growing more affordable as the percentage of households that could afford an entry-level home ($411,000) in the market reached 33% in 4Q2007, compared to 25% in 4Q2006.
