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Values

 Properties on the market in Florida, Minnesota and Washington By ANNA BAHNEY Published: June 25, 2008Continue Reading 

More to come….

 

One day auction set for Neumann

BY BILL CUNNIFF - Sun-Times Staff Writer

June 22, 2008

 

Twenty-six new homes and 23 partially completed homes are slated to be sold in an upcoming auction for a bankrupt home-building company.  Continue Reading

 

Trying to stoke the embers


Builders try new ways to fuel market

Last week I wrote about the Village of Manhattan’s plan to rebate up to $5,000 to buyers who build homes in that south suburb. The offer is innovative because it comes from a municipality instead of from anxious, price-slashing builders. Continue Reading

Lennar results suffer in housing slump

  Thu Jun 26, 2008 9:20am EDNEW YORK (Reuters) - Lennar Corp (LEN.N: QuoteProfile,ResearchStock Buzz), the second-largest U.S. home builder, on Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled. Continue Reading

Pew! - One in 33 headed to foreclosure in next 2 years

 

“Is the American Dream slipping away?  One in 33 current U. S. homeowners may be headed toward foreclosure in the coming years because of subprime loans, according to our new report, Defaulting on the Dream.  In some states, the crisis is particularly acute - in Arizona for instance, one in every 18 homeowners could lose their home; in Nevada, the ratio is one in 11.”  Continue Reading

…and now for a commercial break

FROM THE BLOG curbed.com 

Retail Wars: Bank Backlash, and a Starbucks Says Goodbye

 

 

 

Is the tide turning against the proliferation of Manhattan chain stores? No, but it’s fun to speculate. Soon after some East Village business owners declared war on the likes of Starbucks and the Central Village unleashed its bank backlash, two more interesting bits of news have surfaced. First, a New York Press story on the long-vacant retail space at Broadway and West 87th Street. The family behind the Zabar’s grocery store owns the space, and the reason they have had trouble finding a tenant is partly because they refuse to rent to a bank. They want to find a retailer that will “add something to the community,” a list that apparently includes the likes of Uniqlo or Ricky’s, so we’re not talking revolution here. But still, interesting. And this morning,Racked has the scoop on the shuttering of the Starbucks at 21 East 8th Street, just north of Washington Square Park (teary signage above). Yes, a Starbucks in the heart of NYUville closed. We’re a little scared right now. Source


Its like buying an iphone, errr… worse


Freezing prices in cold market

To entice customers, some area home builders are promising that if they lower prices soon after a deal, the buyer will pay the lower figure

February 21, 2008

 

Harvard weighs in


Comment: What was lost when home values soared

 

 

 

Tue Feb 19, 2008 3:18pm ESTBy Nicolas Retsinas

BOSTON (Reuters.com) - For the past decade the financial “value” of housing soared. People who lacked the savvy to pick a Google or Amazon could reap double-digit returns by signing on the bottom line of a mortgage. Continuer Reading

 

LOCAL LOCAL LOCAL

Some Cities Are Spared the Slide in Housing  By CLIFFORD KRAUSS and RON NIXON

Published: February 15, 2008

AUSTIN, Tex. — The real estate market these days is a tale of two Americas, and one of them is not doing too badly.

 

In the America of big-city housing markets, especially on the coasts and in the struggling industrial Midwest, the huge run-up in values in recent years has given way to big drops in prices and sales volume. Millions of people owe more than their houses are worth. Continue Reading

Changing Landscape


 

Those with good credit feel squeeze