Monthly ARCHIVES
February 2009
(ABU DHABI, U.A.E.) -- Five Abu Dhabi developers have teamed up to invest $10 billion in a waterfront project in Aqaba, Jordan. It will be the largest tourism and real estate project in the history of the country.Named Marsa Zayed... Read More
(ABU DHABI, U.A.E.) -- While many of the world's real estate projects are frozen as the credit crisis unfolds, there are places where development continues. Abu Dhabi, the capital of the United Arab Emirates, has bet at least some of... Read More
Dakota Mountain Lodge, Golden Door Spa Preparing for Summer Opening(PARK CITY, UT) -- Dakota Mountain Lodge & Golden Door Spa, the first ski property in the prestigious Waldorf Astoria Collection, continues to move forward and reports it will be... Read More
Q1 - Isn't it true that agents like to show the worst properties first because it makes the next houses they show you look better?A - That old routine stopped years ago! It only made the agent look inept... Read More
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Just before the Academy Awards ceremony this year, "The Wrestler" star Mickey Rourke text-messaged rocker Courtney Love for a date, and the rest, as they say, is history. Mickey Rourke, by Granitz First, they both won awards from Elle in... Read More
(LOS ANGELES, CA) -- Home sales increased 100.8 percent in January in California compared with the same period a year ago, ... Read More
(BOYNTON BEACH, FL) -- A private forensic mortgage auditing firm is burning the business air waves today. Germany-based Deutsche Bank is the target.MFI-Miami LLC says it is narrowing its multi-state investigation into illegal home foreclosures by focusing exclusively on Deutsche... Read More
(WASHINGTON, D.C.) -- Sales of new one-family houses in January 2009 were at a seasonally adjusted annual rate of 309,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Read More
(WASHINGTON, D.C.) -- The National Association of Realtors expressed support of President Obama's broadened focus of the nation's economic recovery that stresses housing stability and making health care an important component of his economic revitalization strategy, in addition to "restarting... Read More
(UNIONDALE, NY) -- "Despite the perception of doom and gloom, deals are happening.". That's not coming from the White House. It is emanating from Richard E. "Rick" Barnes, Read More
(ORLANDO, FL) -- Florida's existing home sales rose in January, making it the fifth month in a row that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Read More
(HENDERSONVILLE, TN) -- The U.S. hotel industry posted declines in the three key performance measurements during the month of January, according to data from STR. Read More
(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 743.5, a decrease of 15.1 percent on a seasonally adjusted basis from 875.3 one week earlier. Read More
(WASHINGTON, D.C.) -- Existing-home sales declined in January with some buyers waiting to see how details of the economic stimulus package would affect them, according to the National Association of Realtors®. At the same time, inventories fell to a two-year low. Existing-home sales - including single-family, ... Read More
(CHICAGO, IL) -- Think your bank checking account is sick? Take a look at the balance sheet General Growth Properties disclosed today.The Chicago-based owner and manager of 200 shopping centers totaling 200 million square feet in 44 states owes about... Read More
(NEW YORK, NY) -- JEMB Realty Corp. sees gold in debt. The 19-year-old, Manhattan-based firm has started a debt investment division called Basis Investment Group. Rivals are expected to set up similar platforms, industry sources tell Real Estate Channel."This is... Read More
(WASHINGTON, DC) -- As predicted, single-family home prices continue to fall across the nation, S&P/Case-Shiller reports today. The study covers December 2008. There is no good news in the report."The broad downturn in the residential real estate market continues," says... Read More
(NEW YORK, NY) -- Data through December 2008, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the prices ... Read More
(WASHINGTON, DC) -- Nationwide housing affordability surged at year-end 2008 to its highest level in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. Read More
(WASHINGTON, DC) -- How does a family-founded and family-run bank grow to be 120 years old and still survive into today's volatile economic climate?No subprime mortgages, for one thing. No bad-risk loans to individuals or companies, for another. That's the... Read More
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