Monthly ARCHIVES
November 2009
(NEW YORK CITY, NY) -- Two food critics, obviously wearing bullet-proof vests, have published a tome listing the worst health-related products at national fast food and restaurant chains.David Zinczenkol New York City-based Rodale Inc. published "Eat This, Not That!" written... Read More
(HENDERSONVILLE, TN) -- According to data from Smith Travel Research (STR), the U.S. hotel industry posted declines in all three key performance measurements during the week of 15-21 November 2009.In year-over-year measurements, the industry's occupancy fell 2.8 percent to end... Read More
(ORLANDO, FL) -- According to our October 2009 survey, 53% of all U.S. households are planning at least one leisure trip between now and April 2010, down slightly from the 56% who stated the same intention in October 2008. Concerns... Read More
(MIAMI BEACH, FL) -- The 18-month-old, three-tower Canyon Ranch Miami Beach has been sold for $291 million, the highest price paid to date for a bulk purchase of 336 Miami Beach luxury condominium homes. Read More
(NEW YORK, NY) -- The three biggest bond-rating companies in the U.S. are being sued by Ohio Gov. Richard Cordray for allegedly misleading investors by giving certain mortgage-backed securities higher ratings than they deserved.Richard Cordray The U.S. District Court lawsuit... Read More
(WASHINGTON, D.C.) -- Thirty-year fixed-rate home mortgages averaged 4.78% during the week of Nov. 23, an all-time low, according to Freddie Mac's weekly surveys. The mortgage averaged 4.83% in the week of Nov. 16 and 5.97% a year ago at this time. Read More
(LOS ANGELES, CA) -- According to the California Association of Realtors (CAR), home sales increased 1 percent in October in California compared with the same period a year ago, while the median price of an existing home declined 3.2 percent."Home... Read More
(DUBAI, UAE) -- Dubai World's $80 billion in debt announced Wednesday has gotten the attention of world financial markets but hasn't shaken the global real estate world. A clearer picture of the United Arab Emirates company is expected to surface next week ... Read More
(WASHINGTON, D.C.) -- Vicki Cox Golder, a Realtor from Tucson, Ariz., was installed this month as 2010 president of the National Association of Realtors at the association's Board of Directors meeting during the Realtors recent Conference & Expo in San... Read More
(HENDERSONVILLE, TN) -- According to newly released data from Smith Travel Research (STR), the U.S. hotel industry posted declines in all three key performance measurements during October.In year-over-year measurements, the industry's occupancy fell 6.2 percent to end the month at... Read More
Macao Casino Entrepreneur Adelson Raises $2.4B in Hong Kong IPOSheldon Adelson (COTAI STRIP, MACAO, CHINA) -- Casino-hotel entrepreneur Sheldon Adelson has raised $2.4 billion in a Hong Kong initial public offering. Adelson's Sands China Ltd. operation filed the information with... Read More
I don't know about you, but I am disturbed to learn that nearly a third of all borrowers who applied for a home loan in 2008 were turned down, according to the Federal Reserve.The rejection rate for all home loans... Read More
Benchmark Hospitality Adds Villas of Grand Cypress Resort to Management Portfolio(THE WOODLANDS, TEXAS) -- Benchmark Hospitality International recently added The Villas of Grand Cypress Resort to its portfolio of distinctive resorts, conference centers and hotels. The announcement was made earlier... Read More
Dottie Herman Q1 - I am refinancing and an appraiser is going to come by. What does the value of property they come up with mean, exactly?A - The appraiser is estimating the market value of your home. Market value... Read More
(DUBAI, U.A.E.) -- The up and down fortunes of Dubai World apparently are down for now. The government-owned company can't pay its debt. Deloitte LLP has been called in to restructure the billions in loan payments Dubai World owes. Read More
15-Year FRM Drops to Set Another New Low in Freddie Mac Survey History(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today reported the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with... Read More
The Americas(LONDON, UK & HENDERSONVILLE, TN) -- The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for October 2009, according to data compiled by STR and STR Global. In year-over-year comparisons, occupancy for... Read More
(WASHINGTON, D.C.) -- 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 Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.5 percent on a seasonally adjusted... Read More
(ORLANDO, FL) -- In Chapter 11 since May 2008, the 24-year-old, 341-room Sheraton Orlando Downtown has been sold for an undisclosed price. Georgi Zaczac, owner of Orlando-based CF Hospitality Inc., sold the 15-story property to a joint venture ... Read More
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