Housing News

Asante Real Estate Group Presents a Smart Way to Invest in Bay Area Real Estate

Jul 23rd, 2008 | By RT Staff | Category: Housing News, West Region

Asante’s homebuyers program refunds up to 66% of the buyer’s agent’s commission empowering buyers to find their home, either online or through open houses. For a $600,000 home, the buyer gets up to $12,000 back upon the close of escrow. Asante’s full-service at a fair price value proposition makes a huge financial difference for home [...]



Even in a Weak Market, Manhattan Landlords are Raising Rents

Jul 23rd, 2008 | By RT Staff | Category: Housing News, Northeast Region

The Real Estate Group’s July Manhattan Rental Market Report, released today, suggests that landlords with large building portfolios can’t resist raising rents, even in a weak market. Doorman unit inventory continues to increase, and prices have followed. Defying traditional laws of supply and demand, the Manhattan rental (http://www.tregny.com/) market has sparked much confusion this month.
“The [...]



Chester County Housing Market Doing Well

Jul 23rd, 2008 | By RT Staff | Category: Northeast Region

The real estate market in Chester County had mixed results in the first half of 2008.
Median home prices remained steady at $310,000, the highest in the five-county Philadelphia area and the same as its mid-mark in 2007.
Meanwhile, far fewer homes sold in the county during the period compared to the first half of 2007, and [...]



On Surface, Chicago’s Commercial Real Estate Market Looks Healthy

Jul 22nd, 2008 | By RT Staff | Category: Housing News, Midwest Region

With the year half over, it’s time to take the pulse of office and industrial real estate.
Yes, there’s a pulse, but it’s growing a bit erratic.
Downtown Chicago’s market for office space looks healthy. According to the global real estate service firm UGL Equis Corp., 12.4 percent of downtown office space was vacant in the second [...]



Office Space Rental Market Softens

Jul 21st, 2008 | By RT Staff | Category: West Region

Portland’s commercial real estate market had largely dodged the residential market’s swoon.
But the region’s continuing housing slide, the nationwide credit crisis and a slowing economy appear to be eating away at the office and retail real estate markets.

“The economy has finally caught up with the office market,” said Patricia Raicht, vice president at real estate [...]



How Far Can Housing Drop?

Jul 21st, 2008 | By RT Staff | Category: Housing News

The Bush administration’s pledge to rescue ailing housing finance giants Fannie Mae and Freddie Mac raises anew questions about just when the nation’s dismal housing market will hit bottom.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson have suggested over the past year that an end is in sight. But with each prediction, things [...]



Twin Ports Housing Market in Limbo

Jul 20th, 2008 | By RT Staff | Category: West Region

Jon Hansen is ready to sell his Superior home and buy a bigger, nicer one.
But in the Twin Ports real estate market, neither buyer nor seller is quite king these days, and like Hansen, few are in a hurry to do anything.
“I’m not going to sell myself short for what I think it’s worth,” Hansen [...]



In Housing Market Made of Glass, Beaver County Can Throw Stones

Jul 20th, 2008 | By RT Staff | Category: Northeast Region

The real estate market in the Beaver County region is far from stellar, but things here could be worse as the nation struggles with the worst housing slump since the Great Depression.
While home sales are down, prices are up in Beaver and western Allegheny counties for the first half of the year over the same [...]



Despite turmoil of IndyMac’s collapse, housing crisis starting to ease in Watsonville CA

Jul 18th, 2008 | By RT Staff | Category: West Region

IndyMac, the Southern California bank that ran out of money and became one of the biggest banks to collapse in U.S. history, has foreclosed on several homes in Watsonville.
Out of 22 homes that were forced into foreclosure in Watsonville in June, three were handled by IndyMac, according to foreclosure listings by home sales recording agency [...]



Seattle Foreclosures Up 23 Percent in the Second Quarter Of 2008

Jul 18th, 2008 | By RT Staff | Category: Housing News, West Region

Default Research, the premier provider of Seattle foreclosure data, is reporting that King, Pierce and Snohomish counties saw Notice of Trustee Sales increase to 3,379 in the second quarter of 2008, up from 2,743 in the first quarter. The three hardest hit cities in the region were Tacoma (464), Seattle (412), and Puyallap (191).
“There are [...]