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World's Most Expensive Home Sells For...

...a whopping $305 million, according to reports

(Newser) - Perhaps you thought Brad Pitt and Angelina Jolie’s recent $40 million mansion purchase was a bit extravagant. Well, it was nothing compared to this: The world’s most expensive home just sold for $305 million, according to the New York Post , which cites a report in the London Times....

Foreclosures on Pricey Properties Pick Up

Well-to-do buyers weren't immune to wacky loans, and they're coming due

(Newser) - The country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at...

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