Why Pharma Moguls Who Spent $27 Million Building Dream Mansion Are Now Auctioning It Off for Less Than Half of That

Realtor.comThe couple who spent a staggering $27 million building one of New Jersey’s largest—and gaudiest—homes have revealed why they are now auctioning off the 40,000-square-foot property with a reserve price of less than half their investment.Pharmacological moguls Calvin and Orsula Knowlton fir

Inventory is declining in key markets

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. Inventory seems to have peaked for the season and is slowly inching down.There appears to be two reasons we’re seeing a seasonal peak in unso

Rate’s reverse mortgage leader on product specialization and growth

By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership. Ryan Ogata, Rate’s executive vice president of reverse mortgage lending, pr

Baby boomer retirements squeezed by rising home insurance costs

The baby boomer generation is “slipping through the cracks” of the U.S. retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify.“A new source of financial strain on retiree budgets is homeowners insurance pr