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This Is What Happened During The Florida Real Estate Bubble

During the 2008 financial crisis, Florida was an epicenter of the real estate meltdown. But for decades before that, the state has been characterized by booms and busts. In this week’s episode of the Odd Lots podcast, we speak with Arva Moore Parks, a ...

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Before he became the Republican presidential candidate or a real estate guy, Donald Trump grew up in a 2,500-square foot brick and stucco Tudor home in Queens in New York CityAnd while it's not his lavish penthouses or estates, the home did go up for auction this year, according to an article in CNN Money by Kathryn Vasel Want to see a video tour of the house? Follow this link, if so. And here's a Twit-pic! Sponsor Content If you've dreamed of living in the same house that Donald Trump has lived in -- you're in luck — CNNMoney (@CNNMoney) October 18, 2016 However, the famous connection isn’t doing much for the houseThe article noted the opening bid for the home is $849,000, which would be a relative bargain for a house in this locationThe article added that earlier this summer, the property was on the market for as much as $1.65 million From the piece: "The connection to Trump is timely and the value is a little difficult to ascertain due to the association with Trump," explained Misha Haghani, the co-broker on the listing from Paramount Realty USA, on why the home is being auctioned"An auction is a great way to sell ..things that have a unique or sentimental valueA value beyond the physical." (photo credit: Joseph Sohm / Source: CNN Money VIDEO FROM HOUSINGWIRE & OUR PARTNERSwindow.jwplayer = undefined; window._define = window.define; window.define = undefined;jwplayer.key = 'KGAOiHCD';window.define = window._define; Reprints // // Related Articles Traveling to New York? Stay in Trump's childhood home now listed on Airbnb Donald Trump sells Manhattan home for $21 million Donald Trump talks housing (and everything else) in speech to homebuilders Brena Swanson is formerly the Digital Reporter for HousingWireBrena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content SpecialistBrena graduated from Evangel University in Springfield, Missouri Recent Articles by Brena Swanson Land Home Financial Services names new vice president of strategic initiatives CFPB’s arbitration rule officially revoked in the Federal Register MBA: Mortgage applications post little change heading into the holidays Blighted Michigan homes expose residents to hazardous materials if demolished PHH vsCFPB: Cordray won't be around to see the outcome of the case Services Guide // var disqus_developer = 0; var disqus_shortname = "housingwire"; var disqus_identifier = "article-38317"; var disqus_url = ""; var disqus_title = "Donald Trump's childhood home up for auction"; /* * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + ''; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus. Comments powered by Disqus var disqus_shortname = "housingwire"; (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = '//' + disqus_shortname + ''; (document.getElementsByTagName('HEAD')[0] || document.getElementsByTagName('BODY')[0]).appendChild(s); }()); The Latest News — Nowhere ElseSign up and we'll keep you up to date Thank you for subscribingExpect to receive your newsletter within two business days. Receive HousingWire'sDaily & Breaking News Rolling the dice on Atlantic City Eric Fox LendingTree reveals the cities with the highest rates of denied mortgage applications Tendayi Kapfidze Pam Patenaude headlines the NEXT Mortgage Tech Conference for Women Sarah Wheeler Sponsored Financial Content Industry Events 26 Apr HW Webinar: Reimagining Lending with LendUS Webinar, 20 May MBA National Secondary Market Conference & Expo New York, NY 21 May NRMLA’s 2018 Eastern Regional Meeting New York , NY This month inHousingWire magazine April 2018 The 2018 HW Tech100 This year’s HW Tech100 features a much more expansive landscape than ever beforeWinners included heavy hitters and innovative disruptorsEven new tech players in the blockchain space are joining the party nowOther exciting developments can be seen on the identity-protection and fraud-prevention sidesBut make no mistake, the name of the game in tech, these days, is lending, lending, lending. Subscribe Now Feature How mortgage companies are capitalizing on their greatest asset: big data Sarah Wheeler InvestmentsLending The evolution from a paper-based process to this era of big data is astoundingConsider that according to IBM, 90% of the world’s data has been created in the last two yearsThe Internet of Things — your thermostat, refrigerator, even your kid’s Barbie doll — is increasing that data exponentiallyFor mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific businessFortunately, scores of fintech companies are ready to help. Commentary The pitfalls of depending on automation in post-close valuations Mark Melikian Real Estate Accurate, trustworthy valuations require taking a deeper lookThat’s why it’s important to have a valuation expert independently review every valuation report and determine whether it makes senseThe most trustworthy valuation providers have a team of highly trained reviewers on staff who diligently analyze every comparable on a valuation report and ask: “Will a potential buyer consider this property similar to the subject property?” HousingWire MagazineAccess All IssuesMortgage Lending NewsMortgage Servicing NewsMortgage Investment NewsREwired Blog HW Community HW Insiders AwardRising StarsHW TECH100HW Vanguard AwardsWomen of InfluenceHousingJobs Company About UsAdvertiseEditors' Choice AwardsEditorial PoliciesAd Submission PortalLicensing & ReprintsContact UsContributor Submissions Connect With Us

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