The Federal Reserve is taking on more and more responsibiliy for the economy.

Before you say that's a good thing, think again. Do we really want this much oversight?

Popularity: 4% [?]

Our property of the week is the Kimmel mansion in, where else, Palm Beach. It’s under contract for $75 million. That’s down from the asking price of $81 million, but I’d say not by much. What’s $6 million, right?

Popularity: 22% [?]

Overall I highly recommend these foreclosure bus tours because you can get out and see some real estate while being chauffeured. And they can also be good learning experiences.

Who knows, you may even find something to buy.

Popularity: 4% [?]

California is in the process of passing a tax relief bill for distressed owners in pre-foreclosure. Taxes will not be collected on the difference between what is owed and the sale price of the property.

Popularity: 3% [?]