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China Home Prices Accelerate in March on Government Imposed Property Curbs; Beijing and Shanghai Step Up to Cool Market

Average home prices in major Chinese cities accelerated commendably in March, after the government urged local administrations to tighten rules to cool the hot real estate market. Following the rush, Shanghai and Beijing increased restrictions on property transactions.

ZeekRewards Scam: N.C. Town Dream Turned Nightmare

About 8 months after federal authorities closed the penny auction website ZeekRewards on fraud allegations, Lexington, N.C., has yet to recover from its devastating impact.

Late Billionaire Teddy Forstmann’s Southampton Estate Under Contract for $28.5 Million

The late billionaire and founder of Forstmann Little and Company, Teddy Forstmann’s Southampton beach residence is finally in the escrow for around $28.5 million after sitting unclaimed for almost a year. The residence was first listed in March 2012 for around $34 million. After a couple of price chops, the home is finally under contract to sell.