Archive for August 2008

What Realtors In Miami Real Estate Can Do For Homebuyers

Aug 26th, 2008 | By RT Staff | Category: South Region

It is advisable that inexperienced homebuyers should look to realtors to help them search for a residential real estate property in Miami. These professionals can also lend you their expertise in the market to process all the necessary requirements that comes with acquisition, ensuring that you get the best property that fits with your requirements.
Realtors [...]



Palmetto Bay Resort Real Estate Sales to Begin on September 30th

Aug 26th, 2008 | By RT Staff | Category: International Realty

Palmetto Bay Resort at Maya Beach, a secluded tropical hideaway in Southern Belize situated on 16-miles of white sand beaches, today announced that real estate sales will begin on September 30th for the resort’s first phase. Buyers can now own unprecedented luxury beachfront Belize real estate and participate in two unique owner programs.
The first phase [...]



Abu Dhabi leads UAE real estate boom

Aug 26th, 2008 | By RT Staff | Category: International Realty

New figures was revealed and it showed that 1,200-1,500 per cent between 2000 and 2007, the booming of real estate industry in the United Arab Emirates (UAE).
Dubai’s Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) are the ones who released the figures and according to the figures that west Asian metropolis and the [...]



Travelodge container hotel opens in Uxbridge, UK

Aug 25th, 2008 | By Gregory Arzumanov | Category: International Realty

Travelodge, the budget hotel company, have completed their first recycled hotel made out of shipping containers. The 86 containers used in the Uxbridge hotel were prepared in China with plasterboard walls, electrics and bathrooms already in place before being shipped to the UK, stacked and assembled like lego pieces. The containers are simply bolted together [...]



Inventory Increases, But Sales Rise 3.1%; Foreclosure Deals

Aug 25th, 2008 | By Gregory Arzumanov | Category: Housing News

U.S. sales of previously owned homes rose a healthy 3.1% in July from the previous month, but growing inventories of unsold homes and rising mortgage interest rates continue to thwart a full housing-market recovery.
Existing-home sales increased to a seasonally adjusted annual rate of five million units, the highest since February, the National Association of Realtors [...]



Freddie Hunts for Cash

Aug 25th, 2008 | By Gregory Arzumanov | Category: Financial News

Freddie Mac executives are sounding out private-equity firms and other investors about the possibility of buying new common or preferred shares in the mortgage company.
But that effort is running up against what may be an insurmountable hurdle: Many investors fear any money they invest now in Freddie or its main rival, Fannie Mae, will be [...]



Real estate agents spent over $3.7M lobbying in 2Q

Aug 25th, 2008 | By RT Staff | Category: Financial News

The trade group for real estate agents spent more than $3.7 million lobbying the federal government in the second quarter as it pressed for measures to aid the hobbled housing market.
The Chicago-based National Association of Realtors, a major lobbying player on Capitol Hill, pushed hard for the housing bill signed by President Bush last month, [...]



U.S. Existing Home Sales Don’t Signal Market Normalization

Aug 25th, 2008 | By RT Staff | Category: Housing News

Economists say the larger-than-expected rise in July U.S. existing home sales doesn’t necessarily point towards stabilization, since more than a third of the sales are related to foreclosures. They also note that a record high inventory level will put downward pressure on prices going forward.The annualized pace of sales in the National Association of Realtors [...]



When the ‘foreclosure price’ becomes the market price

Aug 23rd, 2008 | By RT Staff | Category: Housing News

This lengthy update on the housing price collapse in Merced, written by the New York Times’ David Streitfeld, is worthwhile weekend reading. As with all good writing about the housing bubble and bust, the story, in the end, is pretty simple: In Merced, planners, developers, lenders and buyers were blinded by the bubble — [...]



Executives comment on office market

Aug 22nd, 2008 | By RT Staff | Category: South Region

Worries about the national economy and slower job growth in Dallas-Fort Worth caused a drop in office leasing in the first half of 2008.
Net leasing was down about 50 percent from the same period last year.
But so far, nobody in the office building business is panicking.
“Surprisingly, the Dallas office market has continued to sustain itself [...]