Alana Semuels at the LA Times has an interesting article on how more individuals are opting to walk-away from their mortgages: Joseph Shull, a 68-year-old marketing professor, said he’s planning to walk away from the town house he bought in Moorpark in June 2006. “I’m angry, and there are a lot of people like me [...]

What happened to that dog? You know, the canine named “Trouble,” the beloved Maltese poodle left behind by the late Leona Helmsley, who died in 2007. From the WSJ blog: Trouble initially inherited a $12 million trust fund, which was later reduced to $2 million by a Manhattan judge in 2008, at the request of [...]

Larry Summers on CNBC: Blame it on the snow. Remind me to use this excuse if March Boston condo numbers are down. File under: Between rock salt and hard place.

Here is Warren Buffett’s annual letter to shareholders, with Buffett focusing on manufactured housing because Berkshire owns Clayton Homes: The [manufactured homes] industry is in shambles for two reasons, the first of which must be lived with if the U.S. economy is to recover. This reason concerns U.S. housing starts (including apartment units). In 2009, [...]

The following commentary was wrriten by Lawrence Yun who is the chief economist of the National Association of Realtors: The extension and expansion of the home buyer tax credit can be counted on to help home sales throughout the first half of this year, but how will markets fare after the credit expires on April [...]

To everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they’re the ones who, you know, create jobs in our economy, I have four words for you: Frank and Jamie McCourt. The McCourts, who own the Los Angeles Dodgers (so [...]

Below is a news clip of one upset guy with a bulldozer, who won’t let the bank auction off his home. File Under: All’s well that ends well.

The government will soon scale back stimulus programs that have kept mortgage rates low, business reporter Walter Hamilton says. Buying a house is likely to get more expensive. Read the story here.

According to a new study 50% MA home buyers in 2009 were made by first-time buyers. February 10, 2010 – A new study on Massachusetts home buyers and sellers found that over 50 percent of all homes purchased in the Bay State in 2009 were made by first-time home buyers (compared to 47 percent nationally). [...]

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