Economy
This is what’s happening in real estate: the rich are getting richer and buying up trophy properties, sky’s the limit. The rest of us can eat cake. Case in point: 3820 Gillon Avenue, owned by Randall and Olamaie Fojtasek, a former partner at Hicks Muse who co-founded the private equity firm Brazos Partners. The Fojtaseks…
Read MoreThis is one of those little technical nuggets that illustrates how Washington is stealthily destroying the housing market. The feds are scratching their heads, trying to come up with a way to keep banks from jacking around with mortgages and selling bad loans off in tranches as securities, and that’s a good thing. One of…
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For the first time in more than THREE YEARS, foreclosures are diminishing in Dallas Fort Worth. George Roddy Sr. of Foreclosure Listing Service, Inc. reports some good news preceding the spring market: Dallas Fort Worth residential foreclosure postings have dropped to a 40-month low. Roddy says that for the upcoming auctions on May 3, only…
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“It’s The Housing, Stupid.” — What I hope someone writes on a wall somewhere in the White House. Now that there is a pay wall at the Dallas Morning News — I do subscribe — I will try and give you a weekly re-cap of real estate news and a look/see at what our local…
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If you own a second home in New York but don’t work there, you may soon be taxed like those who do, even on income made outside of the state. I love New York City and would be there every other week if I could. But I doubt I’d ever own property there, or could…
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