Prairie Style
This week the Commerce Department reported that sales and prices of newly constructed single-family homes fell in August despite historically low mortgage rates. Reason: stagnant job market, lots of inventory, and fewer home builders out there churning dirt. We are at about 1970s home building activity, when interest rates were even higher! Last month new home sales slipped 2.3 percent.…
Read MoreI told you vacation homeowers are raking it in. Well, now it seems regular homeowners are not doing too shabby, either. One of my alert readers alerted me to this interesting vacation home posting on HomeAway.com: a red-brick Swiss Avenue mansion. It leases for $2,000 to $3,000 per night, or $18,000 a week. (Wowzers!) Five…
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