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U.S. Treasury Cracks Down On Luxury-Home Money Laundering
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De Desharnais, a homebuilder and real estate agent in Nashua, N.H., stands in front of a house her company is constructing. She says her company had 32 employees at the height of the housing boom, and now only has six despite the industry's gradual recovery. Chris Arnold/NPR hide caption

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Will A Fed Interest Rate Hike Slow The Housing Recovery?
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Rapper PSY owns real estate in Seoul, including a property at the center of a legal dispute. Ethan Miller/Getty Images hide caption

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Korea's Most Famous Entertainer Is Now Its Most Infamous Landlord
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Elderly residents gather in a dying village in the Sierra Francia region, northwest of Madrid. Lauren Frayer for NPR hide caption

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In Spain, Entire Villages Are Up For Sale — And They're Going Cheap
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Affordable housing condo buyer Marilyn Phillips says she had to jump many hoops before purchasing her unit in D.C.'s Anacostia neighborhood. Courtesy of Manna Inc. hide caption

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Bureaucratic Hoops Make D.C. Affordable Housing Units Hard To Sell
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Children watch from their home in Ferguson, Mo., on Aug. 20 as people march about a mile to the police station to protest the shooting of Michael Brown. Brown's shooting in the middle of a street by a Ferguson police officer on Aug. 9 sparked protests, riots and looting in the St. Louis suburb. Some people are ready to leave the troubled city. Others say they will remain no matter what. Charlie Riedel/AP hide caption

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Unrest In Ferguson May Speed Up Decline Of Real Estate
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Alan Shuminer lives on two acres of land in a house with a current list price of $3.3 million in Miami — and he only pays $2,600 a month. He is a home manager for Showhomes, a home staging company. Showhomes hide caption

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Apartments are still under construction in Wuxi, outside Shanghai, despite a glut in the market and almost no local demand. This development is to have 2,500 residential units. PR Newswire Via AP hide caption

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China's Booming Real Estate Market Finally Begins To Slide
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Apartments, apartments, everywhere; nor any flat to buy: Survey after survey reveals that young Chinese are stressed out — and skyrocketing property prices are one of the main reasons. Zhuo Yang/NPR hide caption

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Parking spaces behind 298 Commonwealth Avenue in Boston are seen Friday. The two open spaces at right, front and back, were sold at auction for $560,000. Michael Dwyer/AP hide caption

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A screengrab of a satellite image of Cordoba, Spain, in 2004 (left) and 2011. Satellite images via Google Earth and Nación Rotonda hide caption

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How much is it worth?

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The Land Boom
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