(DENVER, CO) -- Despite continuing high foreclosure rates, first-time buyers across the country are stepping up to the plate and purchasing homes at deep discounted prices, according to the monthly Associated Press-Re/Max report.The report supports other findings previously completed... Read More
(RALEIGH, NC) -- Following a strategy of unloading older non-core assets that would need expensive improvements, Highwoods Properties Inc. today announced the $62.1 million sale of three retail centers in Kansas City, MO."Our focus remains on continuing to improve... Read More
(NIAGARA FALLS, ONTARIO) -- Not generally known for constructing skyscraper hotels, the 1,000-room, 53-story, $137 million Hilton Hotel & Suites--Niagara Falls Fallsview is turning heads after selling all 240 suites during a soft opening of its new tower.The tower... Read More
(MCLEAN, VA) -- Freddie Mac (NYSE: FRE) announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 5.3 percent annualized decline in U.S. house prices during the first quarter of 2009, following a downward revised 18.5 percent annualized drop in the fourth quarter. Read More
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Tom Lennon in 20th Century Fox's Reno 911 Tom Lennon, also known as Lt. Jim Dangle on Comedy Central's "Reno 911!" (2003-09), and his wife, actress Jenny Robertson, have purchased a home in the Hancock Park area for $2,175,000, and... Read More
I don't know about you, but I am sad every time I hear of another mall closing. The 16-month-old Recession, of course, is the killer. So are changing trends on where, when, why and how and why consumers shop today.Green... Read More
Q1 - We bought our home in 2003 and have a mortgage and a home equity. The problem is that the home equity is an adjustable, interest only 10-year loan. I really have no idea what we were thinking,... Read More
St. Joe Company Involved in One of Country's Largest Mixed-Use Developments(WEST BAY, FL) - The St. Joe Company, Northwest Florida's largest landowner and one of the state's leading developers of resort-style communities, is embarking on one of the largest mixed-use... Read More
(LONDON & HENDERSONVILLE, TN) -- The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for April 2009, according to data compiled by STR and STR Global. Read More
(WASHINGTON, DC) -- The number of newly built single-family homes on the market shrank to 297,000 units in April, thinning supplies to their lowest level since May 2001, according to government figures released toda Read More
(GREAT EXUMA, BAHAMAS) -- A crashing hotel occupancy level has claimed its first trophy victim in the Bahamas. The six-year-old, 180-room, 500-acre Four Seasons Resort Great Exuma has closed its doors.The hotel expected to lose more than $5 million... Read More
(LOS ANGELES, CA) -- Home sales increased 49.2 percent in April in California compared with the same period a year ago, while the median price of an existing home declined 36.5 percent, the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) reported today. Read More
(WASHINGTON, D.C.) -- Foreclosure actions were initiated on 1.37 percent of first mortgages during the first quarter of 2009, according to the Mortgage Bankers Association. Read More
(HOUSTON, TX) -- Consistent with the latest national housing starts figures released today by the U.S. Department of Commerce, national housing market research firm Metrostudy maintains its forecast at 490,000 starts for calendar year 2009. Read More
(ORLANDO, FL) -- Florida's existing home sales rose in April - the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). Read More
(HONG KONG) -- How active is Hong Kong's commercial real estate investment market? The answer depends on who you are reading at the moment. For example, The Wall Street Journal reports Hong Kong is being flooded with money ... Read More
(WASHINGTON, D.C.) -- U.S. home prices fell in the first quarter of 2009 according to the Federal Housing Finance Agency's (FHFA) seasonally-adjusted purchase-only house price index (HPI). Read More
(HENDERSONVILLE, TN) -- The U.S. hotel industry posted declines in all three key performance measurements during April, according to data from STR. Read More
(WASHINGTON, D.C.) -- Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of Realtors. Existing-home sales - including single-family, townhomes, condominiums and co-ops - increased 2.9 percent ... Read More
(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 22, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 786, a decrease of 14.2 percent on a seasonally adjusted basis from 915.9 one week earlier. Read More
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