“We opted to purchase it outright because of the condition of the real estate market”
DETROIT - General Motors Corp. said the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit’s towering Renaissance Center for … via Detroit Free Press
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GM buys RenCen, filing shows
“Townhomes and condos have gone up 115 percent since 2000.”
SPACEPORT. PEOPLE BEING PRICED OUT OF HOMES WHERE THEY GREW UP. WE’RE NOT TALKING ABOUT SAN FRANCISCO OR NEW YORK CITY — IT’S SAN JUAN COUNTY — AND MORE SPECIFICALLY FARMINGTON. via ClipSyndicate
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San Juan Co. plans for affordable housing
Efforts to identify a man who shot a police officer April 18 could be helped by a reward that, with the addition of a half-million dollars from a Texas company, has reached $502,000. The officer hasn’t been … via KATV Little Rock
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Reward Reaches $502,000 in Malvern Officer Shooting
The median price of a condominium on Maui rose last month, while the median single-family home price fell, with lower sales in both categories. via Residential Real Estate
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Maui condo prices rise, home prices fall
“They’re starting to look a little silly”
A day after adjourning the 2008 legislative session, some state lawmakers want another crack at the budget and other unfinished business and may return to the Capitol in the next several weeks. via Hartford Courant
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Democrats planning special session
“There is a lack of sellers and buyers lack confidence it is all about sentiment. There’s job uncertainty in the City. At the moment we are seeing volumes 30 per cent to 40 per cent down the trend has got worse over the last two months.”
Confirmation the top end of the property market, especially in London, will not escape the worst effects of the credit crunch came from a leading up-market estate agent yesterday. via The Independent
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Savills warns sales of expensive homes are down by 40% in London this year
“We as an organization will work with Victor to help him find solutions to his immediate difficulties that prompted this decision”
If you want to own the Pennsauken house featured in the hit television show ‘Extreme Makeover: Home Edition,’ you have to wait. via Asbury Park Press Online
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‘Extreme Makeover’ house off the market
According to a new study, children can be just as affected — if not more so — by foreclosures than adults. via ClipSyndicate
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Study: Foreclosure Affects Children, Too
“After nearly two years of negotiations, which were often difficult but always in good faith, we have achieved an unprecedented agreement protecting close to 90 percent of the ranch”
A group of environmentalists and the owners of a large stretch of wilderness have reached a deal that would set aside the largest parcel of land for conservation in California history.
After years of legal tussles, conservationists including the Sierra Club have agreed not to challenge proposed development on the sprawling Tejon Ranch north of Los Angeles in exchange for close to 240,000 acres, in a deal to be announced Thursday.
At 375 square miles, the preserve of desert, woodlands and grasslands would be eight times the size of San Francisco and nearly the size of Los Angeles, said Bill Corcoran, the Sierra Club’s senior regional representative. Read more
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Conservationists, developer reach major Calif. land deal
Real estate investors should know exactly how common their type of home is in their market area. To answer this question, investors have to start by identifying and understanding the differentiating characteristics of the total inventory of existing area homes.
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Rare Homes: Not Just Antiques and Custom-Built Mansions
“Things are beginning to improve, but the availability of affordable mortgages is uneven around the country and sometimes within metropolitan areas”
Published: May 7th, 2008 07:23 AM Last Modified: May 7th, 2008 07:28 AM An industry group said Wednesday that pending U.S. home sales dropped to a new low in March, signaling the housing slump has yet to bottom … via Anchorage Daily News
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NAR: US pending home sales drop to new low in March
Wall Street headed for a modestly lower open Wednesday, with investors awaiting data on pending home sales and labor costs.
The National Association of Realtors is expected to report that pending sales of existing homes declined in March, according to economists surveyed by Thomson Financial/IFR. And ahead of that report, the Labor Department is anticipated to release its first-quarter reading on worker productivity and costs _ one of many key gauges of inflation.
Inflation has become a prime concern on Wall Street, given that oil has doubled over the past year to record levels above $122 a barrel on Tuesday. As a result, gasoline prices are also climbing further into record terrain, strapping debt-laden U.S. consumers with another financial burden. Read more
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Stock head for lower open ahead of pending home sales data
CB Richard Ellis Realty Trust and Indianapolis-based Duke Realty Corp. have formed a joint venture to acquire up to $800 million of newly developed industrial build-to-suit projects from Duke over the next … via GlobeSt.com
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CBRE Realty Trust,Duke Form $800M JV
664 properties up for bid today at Allegheny County sheriff’s sale. via ClipSyndicate
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Foreclosure Poses Danger To Economy
- Real-estate agents, brokers, appraisers and other real-estate industries reported total operating revenues of $10.6 billion for 2006, an 8.1 per cent increase from 2005.
Statistics Canada says high demand for real estate has boosted both sales and prices despite a slight increase in mortgage rates.
The agency’s New Housing Price Index grew 9.7 per cent in 2006, close to five times the rate of inflation.
With a 37 per cent increase in operating revenues, Alberta’s real-estate market continued to lead national growth. Read more
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Real-estate industries report 8.1% revenue increase in 2006
