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This week, news broke that HGTV will be rebooting “Extreme Makeover: Home Edition,” and we couldn’t wait to discuss it on this week’s episode of “House Party.” Do we need another home-renovation show? What will make “Extreme Makeover: Home Edition” special? Is Ty Pennington attached to the project?!

Speaking of reality TV, the cast of Celebrity Big Brother 2 was announced, and it's a wild bunch. We name the cast members we'd be OK living in a house with for a month—and the one's we'd never survive an hour with.

We also break down the major neighborhood red flags every home shopper should pay attention to. The telltale signs of a bad neighborhood might not be obvious, so If you’re looking at houses, you might want to give this one a listen.

And lo and behold, Meghan Markle and Prince Harry are back in the news—this time it’s all about their multi-million-dollar home renovation and the specific projects they plan on spending their (er … the Queen’s?) money on.

All this, plus, this week's celebrity winners and losers in real estate.

Have a wacky home-related story you’re dying to share? Wish you could finally get your real estate questions answered? We’re all ears. Reach us at podcast@realtor.com, or tweet us @housepartypod on Twitter.

Stories we discussed this week:

There Goes the Neighborhood: Watch Out for These 7 Red Flags When Buying a Home

Inside Prince Harry and Meghan Markle’s $3.8M Renovation—and One Horrible Eyesore They’re Adding

Justin Bieber Ditched His $100K-a-Month Rental for a Seriously Gross Reason

Alex Rodriguez and Jennifer Lopez Just Listed This $17M Pad—Check It Out