Day

May 29, 2014

“Flipping,” “Flopping” & Strategic Default

Old Wine in New Bottles  Thanks to a rising housing market, there are now far fewer underwater homeowners. However, they’ve hardly disappeared. In fact, something like 20% of all homeowners with a mortgage — about 5 million people nationally — still owe more on their homes than their home is worth (that’s down from closer to...
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2823 Dean Parkway: Midtown Greenway Tear-Down/New Construction

New 2nd Story (and new 1st Story, Too!) In a post a year ago, I speculated that the Dean Parkway rambler (pictured above) was a prime candidate for a popped roof (that is, a 2nd story addition).  See, “2nd Story Coming Soon?” That was based on both the home’s terrific location just north of the...
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