Archive for February, 2009
5 Real Estate Mistakes to Avoid
(msnbc) - We’ve been hearing for months that the housing market is lousy. There’s 18 months worth of inventory out there and houses, depending on where they are, can sit on the market for as long as 8 months to a year, experts said.
Here’s what some real estate agents identify as the five worst mistakes [...]
Can We Handle Another 22% Drop in Real Estate Prices?
(www.fool.com) - That was all I wanted when Treasury Secretary Tim Geithner laid out his bank recovery plan earlier this month. At the time, the bulk of his announcement was something along the lines of “We have a plan. Plans of this plan are still in planning stages. Stay tuned for more plans.”
It left everyone [...]
Real estate sales and prices continue to fall
(The Day) - Local real estate sales and prices continued to tumble in January, with the median price for a single-family home off more than $50,000 from a year earlier, according to the latest statistics released today by a New England publishing group.Timothy M. Warren Jr., chief executive of The Warren Group, publisher of The [...]
By Order of OREO Corp - Auction of a portfolio of 107 Condos in Jacksonville Beach, FL
By order of OREO Corp, a portfolio of 107 condominiums is now slated for the auction block. Complex is known as “Ocean’s Edge”, steps from one of Jacksonville’s most beautiful stretches of beachfront.
Jacksonville Beach, FL (PRWEB) February 26, 2009 — The Auction is scheduled onsite for March 12th at 11:00 AM - the entire portfolio [...]
Blackhawk Brings New Energy Technology to Sustainable Residential Community
Blackhawk on the River, a conservation-oriented residential community, announced today that is taking its sustainable development philosophy and putting it to work with the construction of their new River Lodge.
McCall, Idaho — Blackhawk on the River, a conservation-oriented residential community, announced today that is taking its sustainable development philosophy and putting it to work with [...]
With the Economy and Housing Market in Bad Shape, Hawthorn, Inc. Finds Home Owners are Choosing to Remodel Existing Homes Instead of Selling
With home sales taking months, adding value to a home is a better investment than trading up. Large home improvement companies aren’t equipped to deal with small jobs, and few handymen can deal with a problem requiring more than one skill. Hawthorn Remodeling Atlanta fills the nitch with Laurel Projects.
Atlanta, GA (PRWEB) February 27, 2009 [...]
General Growth Reports Declining Funds in Uncertain Retail, Real Estate Markets
(nwonline) - Mall owner General Growth Properties won’t provide earnings guidance for the rest of the year and is cutting security services and personnel to offset declines in rents and other income.
General Growth released its fourth quarter and fiscal year earnings late Monday, well after financial markets closed. The company’s shares were trading at less [...]
SEC probes O.C. real estate lender Point Center Financial
(LA Times) - The Securities and Exchange Commission has opened an investigation into an Orange County real estate lending company that is owned by the husband of a California state assemblywoman.
In an e-mail to his firm’s roughly 3,000 investors, Point Center Financial Inc. President Dan J. Harkey disclosed that the SEC had subpoenaed records from [...]
CEO Profile: Moving forward in commercial real estate in tough times
(Press Enterprise) - In the 20 years Kevin A. Assef has worked for Marcus & Millichap, he has seen California commercial real estate go through several cycles, good and bad.
Through it all, the firm and Assef’s career have flourished. Marcus & Millichap’s annual revenues have expanded from $1.5 billion to about $14 billion last year [...]
Scoring Foreclosure Property Deals: Short Sales Are On the Rise and Offer Troubled Home Sellers a Way Out — And Buyers a Great Opportunity
Three main ways to buy a foreclosure home: Short sale, auction and bank-owned sale (REO properties); Short sales offer 10-20 percent discounts to home buyers; not for the buyer in a hurry; Short sales can take time.
Seattle, WA (PRWEB) February 26, 2009 — The following facts, tips and comments, unless otherwise attributed, can be sourced [...]
