Construction crews there are now building the world’s most expensive and largest home. Mukesh and Nita Ambani expect early next year to move into the 27-story skyscraper. The project is expected to cost $2 billion.
Most others, though, are not so lucky. Forbes.com recently ran a story by Elisabeth Eaves that reported what we all instinctively know: Traffic is getting worse in our major cities.
According to the story, if you’re trying to sell a home in San Jose, Calif., you’re in luck. Forbes ranks it as the best city in which to sell residential real estate. The biggest reason? New home construction in the city dropped 63 percent in 2007.
I hate myself for writing this, but it’s too hard to resist. Forbes Magazine, which has a love affair with the list, recently compiled another lone: its list of the biggest real estate losses taken by celebrities.
The country’s wealthiest people live in the suburbs of Washington, D.C.
Forbes Magazine, one publication that truly loves its lists, recently released another one guaranteed to get people talking. This one highlights the 10 most expensive cities for renters.
Last week, the magazine published a report on what it calls the country’s 15 “blue chip” neighborhoods. Housing values in these most desirable of neighborhoods not only held held steady during the housing downturn, they actually increased.
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Written by Dan Rafter [email] for b5media.
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