News about properties and real estate
New York City real estate market immune to malaise; home values rise again None of the bad news about the U.S. housing market has seemed to matter to the big spenders lining up to buy homes and apartments in New York City. The average sales price for a Big Apple dwelling climbed to $782,000 (€531,178) …
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You didn’t buy in ’07 As revelers bring in the new year, the residential real estate scene looks more like the day after, with sellers suffering from a bad case of overindulgence and regrets that usually follow a really good party. The question is whether that will make 2008 the year of opportunity for buyers, …
Like the housing market, the commercial market is waning The commercial real estate market follows the residential market by 12 to 18 months, according to conventional wisdom. Those 12 to 18 months ended in early 2007. And like the residential market, Southwest Florida’s commercial real estate market has begun to slide. Both the total number …
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Credit Downturn Hits the Malls The credit crunch triggered by the downturn in the housing market is creating problems in commercial real estate, driving down prices of office buildings, shopping malls and apartment complexes, and leaving some owners scrambling for cash. One victim is Centro Properties Group, the fifth-largest owner of shopping centers in the …
Retirement plan interrupted When Patty Marquez graduated from the University of Minnesota more than five years ago and moved to Southern California, she thought about buying a house. But with prices already sky-high in the Southland market, “I was scared,” says Marquez, now 31. So she rented for more than four years. But all along, …
The Swiss are home free “My house is just a huge expensive brick weighing me down”, writes a homeowner on a Swiss political blog. His attitude is common in Switzerland, a country where levels of home ownership are almost half that of Australia. Switzerland is a wealthy nation of renters. In light of housing affordability …