After languishing on the market for years and steadily getting price-chopped, mansions and estates are hitting the auction block. Candace Jackson explains this has always been a last-resort move, and an unusual one for the wealthy.
Brittany Spears' former home? Listed at $10.8 million, went to auction with a starting bid of $4.5 million.
"As the housing slump drags on, the carrying costs of waiting out the market have become onerous, even for the wealthiest," Candace Jackson explains in the Wall St. Journal:
"A seller who put a home on the market in 2009 hoping that a turnaround was on the horizon may now be realizing that it could take several years or more for the market to rebound."
FULL STORY: High-End Hits the Auction Block
Opinion: Oversized Mansions Are Harming Maryland Neighborhoods
'Mega-mansions' are rapidly replacing smaller single-family homes, pushing Maryland residents out of its formerly affordable suburbs.
Subprime Loans Are Back—Now They're Called Nonprime Loans
Some say that "nonprime" loans will create the same financial ruins as their "subprime" predecessors. Others say the housing market needs ways for more people to buy homes and drive the industry.
The Average American House Shrunk in 2017
For decades the size of the average American house has trended upward. 2017 saw that trend slow and reverse.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
San Francisco Suspends Traffic Calming Amidst Record Deaths
Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.
Amtrak Rolls Out New Orleans to Alabama “Mardi Gras” Train
The new service will operate morning and evening departures between Mobile and New Orleans.
The Subversive Car-Free Guide to Trump's Great American Road Trip
Car-free ways to access Chicagoland’s best tourist attractions.
San Antonio and Austin are Fusing Into one Massive Megaregion
The region spanning the two central Texas cities is growing fast, posing challenges for local infrastructure and water supplies.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
JM Goldson LLC
Custer County Colorado
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Jefferson Parish Government
Camden Redevelopment Agency
City of Claremont