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Bernie Madoff’s ‘Cursed’ NYC Penthouse Sells for $14.5 Million

The Upper East Side, New York City, penthouse that once belonged to Bernie Madoff - the man who caught headlines for his alleged involvement in investment frauds and Ponzi schemes in 2009 - has reportedly sold for $14.5 million.

Existing Home Sales Decline in August, Inventory Falls - NAR Report

Sales of previously-owned homes went down for the first time in four months in August, according to the National Association of Realtors. Home inventory also declined in the period.

More Chinese Banks Easing Lending Curbs to Boost Property Market

Four major banks of China, the second largest economy of the world, are poised to relax lending regulations to help boost the sliding property market of the country, several reports reveal.