Homes of the Billionaires

Where the world’s richest people unwind after a long day. Warren Buffett epitomizes living modestly in today’s tough economic climate. Despite a $47 billion fortune, the legendary investor — and the world’s third-richest man — lives in the same five-bedroom, gray stucco house he bought in Omaha, Neb.’s Happy Hollow suburb in 1958 for $31,500. […]




America’s Most Underwater Housing

Negative equity–what you have when you owe more on your home loan than the property is worth–is one of the defining features of the still-unfolding mortgage crisis. It’s a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative […]




Tiny house transforms man’s life

Jay Shafer Ten years ago, Jay Shafer downsized to an 89-square-foot house and reinvented both his lifestyle and career in the process. Amazon.com Widgets




Where Homes Prices Are Rising

The drama is nearly over. After a decade of extremes—the ebullient highs of the real estate boom, then the devastating lows of the bust—calmer forces are beginning to prevail in the housing market. The big fall-off in home values, which has taken the median price of a house down almost 30% since 2006, looks to […]




The Most Expensive U.S. Cities To Visit

These are the 10 most expensive cities to stay in according to price tracking by Hotels.com. The figures represent prices that guests actually paid for rooms during the latter half of 2009. Room prices slid an average of 12% from a year earlier, though traditionally expensive spots like New York, Honolulu and Boston remain at […]




Towns where land is still free in the U.S.

As small towns suffer from a continuing flight from rural toward-more urban living, some economic development groups and governments in these troubled areas have chosen to stay and fight. The Homestead Act of 1862 is no longer in effect, but free land is still available out there in the great wide open (often literally in […]




Cities Weigh Chapter 9

Just days after becoming controller of financially strapped Harrisburg, Pa., in January, Daniel Miller began uttering an obscure term that baffled most people who had never heard it and chilled those who had: Chapter 9. The seldom-used part of U.S. bankruptcy law gives municipalities protection from creditors while developing a plan to pay off debts. […]




Where Home Prices Are Rising

The number of homes for sale is down in many markets, with asking prices up–especially in these places. This month, after three years of record declines, the battered housing market has shown some signs of hope. Tuesday the S&P/Case-Shiller 20-city Home Price Index, which is a gauge of sale prices in the country’s major markets, […]




7 Things Every Apartment Renter Should Know

If you’re a renter, you’re in good company. More than 95 million Americans rent their homes, according to the American Tenants Association. Maybe you live in a part of the country where the costs of home ownership are out of reach. Perhaps you don’t have the time or desire to tend to a home. Or […]




10 Home Buyer Mistakes to Avoid

It was supposed to be a momentous occasion for Brian, who was about to close on his first home. But after signing a thick stack of documents–and taking part in the ceremonious passing of the keys–something felt off for the then 26-year-old Montgomery County, Md., resident. There wasn’t even a chilled bottle of bubbly or […]