News about properties and real estate
Corus Has Buyers for Its Condos: Vultures Corus Bankshares Inc.’s recent warning that it could be placed into receivership by federal regulators has set off a scramble among real-estate investors who hope to pick up the lender’s nonperforming loans. The Chicago-based firm, which became one of the leading lenders to high-end condominium towers from Miami …
Continue reading “Corus Has Buyers for Its Condos: Vultures”
Home Prices Continued Their Decline in February Phoenix has achieved the unwelcome distinction of becoming the first major American city where home prices have fallen in half since the market peaked in the middle of the decade, according to data released Tuesday. Though historical statistics are scant, experts said the precipitous decline probably had few …
Continue reading “Home Prices Continued Their Decline in February”