State 3rd in foreclosure rate [Michigan] Michigan’s foreclosure rate ranked third nationwide for 2007, according to data released Monday by RealtyTrac Inc. The Irvine, Calif.-based foreclosure Web site reported that 1.9% of Michigan’s households entered some stage of foreclosure during the year. The company counted 136,205 foreclosure filings on 87,210 properties, a 68% increase over …
Category Archives: Regional
Canadian commercial real estate continues to show strength
Canadian commercial real estate continues to show strength Moody’s Investors Service said Canadian commercial real estate remains strong and continues to outperform commercial real estate in the United States. In its latest Red-Yellow-Green (RYG) report for Canada, the ratings agency said each of the five market sectors in the country is ‘green’, that is strong, …
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Good time for Mexico’s real estate market – BloggingStocks
Good time for Mexico’s real estate market “It’s a time of hope,” claims Ana Laura Pulido, a real estate broker in Mexico. While its northern neighbor remains in the depths of a housing meltdown, the Mexican real estate market has been booming. Mexico has long found its economy overly sensitive to the happenings in the …
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China Real Estate Brokers Face Slowdown
China Real Estate Brokers Face Slowdown After booming in recent years, China’s real estate market is finally beginning to feel the pinch from sagging demand and tighter controls. One of China’s biggest real estate agencies, Chuanghui Real Estate, has shuttered dozens of outlets in Shanghai and other cities, leaving behind angry customers and employees, following …
U.S. slowdown may boost Canada’s real estate market
U.S. slowdown may boost Canada’s real estate market The prospect of a U.S. recession has some homeowners and prospective buyers nervous about the impact on the real estate market in Canada, but one economist says a slowdown could actually boost activity in Canada’s housing sector. It’s not surprising that economic uncertainty in the U.S. has …
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Spanish real estate agencies folding
Spanish real estate agencies folding Half of Spain’s real estate agencies have folded in the past year due to a slowdown in the once-booming building sector, an industry association says. Of 80,000 that operated at the beginning of 2007, only around 40,000 have survived and some 100,000 employees lost their jobs, according to the Superior …