Foreign Buyers Flocking to U.S. Housing Market Americans’ love affair with real estate may be cooling, but thanks to falling home prices and the weak dollar, attention is heating up from another group of suitors: foreign investors. Foreign buyers have long looked to certain U.S. markets — say, high-end properties in cosmopolitan Manhattan or sexy …
Category Archives: Breaking News
Home costs hit levels of 2004 [South Florida]
Home costs hit levels of 2004 [South Florida] Median home prices in Miami-Dade and Broward counties last month fell below $300,000 for the first time since 2004. A growing number of homes on the market, including foreclosures and properties owned by banks, plus sellers who have dropped asking prices, are contributing to the continued declines. …
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Home Buyers, Start Your Engines
Home Buyers, Start Your Engines If you were thinking of buying a home, start looking. The latest data from the housing market shows that sellers, after months and years in denial, are finally giving in to reality and slashing prices. There is a distance still to go. There may even be a lot to go. …
Even top commercial properties are suffering from market crisis [South Florida]
Even top commercial properties are suffering from market crisis [South Florida] Even top-tier properties are showing they’re vulnerable to turmoil in the residential real estate industry. The owners of prime properties in Aventura and the West Brickell area of Miami are the latest to feel the financial pain. Lehman Brothers Holdings is suing developer Shefaor/Tarragon …
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Taiwan Real Estate Is Becoming Hot Property on Nationalist Win
Taiwan Real Estate Is Becoming Hot Property on Nationalist Win Anticipation that a wave of cash from mainland China will eventually reach Taiwan is helping to turn its real estate into a hot property. Markets in Taiwan, one of Asia’s worst laggards as an investment destination in recent years, were livened up by the Nationalist …
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Construction Companies Are Clamoring for Managers
Construction Companies Are Clamoring for Managers Despite rising interest rates, new home sales and housing starts remain remarkably robust. July housing starts jumped 8.3% over the prior month and 4.5% over year-earlier levels to a seasonally adjusted annual rate of 1.978 million, the Commerce Department reports. The industry’s run of good health is causing homebuilders …
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