There was no denying the Seattle-area’s real estate funk at Williams Marketing’s annual forecast breakfast Friday.
Kicking off the event, Williams President Leslie Williams noted that area real estate professionals were feeling good a year ago about how the market was holding up much better than others.
“Now Seattle’s getting their butt kicked, too,” she said.
Seattle has [...]
An unusual September jump in home sales, together with the biggest monthly drop yet in prices, could be early signs that San Diego County housing is approaching the bottom of a three-year-old downturn, industry experts and observers said yesterday.
MDA DataQuick reported that the median price for all homes dropped $22,000 from August to stand at [...]
In September, there were a total of 8,280 resale homes recorded sold. Foreclosure activity represented 44 percent (3,655 transactions), while there were 4,625 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record.
In August 2008, the spilt was 3,295 foreclosed homes and 4,210 traditional transactions, [...]
For a long time China’s “Golden Week,” a long holiday celebrating National Day, has been synonymous with a boom for the housing market. However, despite high expectations for this year’s holiday by Chinese real estate developers, the market in Beijing, Shanghai and Shenzhen has instead shown itself as sluggish.
Beijing: Housing Sales Drop Over 70 Percent [...]
Property developers and financiers - including international companies that have invested heavily in everything from trophy office buildings to Brooklyn residential renovations - are being whiplashed by the spreading credit crisis, which has brought New York’s real estate market to a screeching halt.
Some are rushing to draw down credit lines before they are withdrawn, while [...]
Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]
The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]
Long vacant, the former Buffalo Forge property along the eastern edge of downtown Buffalo is poised to find new life.
The Buffalo Urban Development Corp.’s directors Tuesday unanimously agreed to purchase from Howden Fan the 12.5-acre parcel that cuts along Broadway and on to such side streets as Mortimer Street and Spring Street. The BUDC directors [...]
A rescue plan for troubled homeowners and mortgage giants Fannie Mae and Freddie Mac that is on track to pass through the Senate on Saturday has marked a momentous move for the housing market.
A shift appears to be stirring in Ventura County as well, some real estate professionals say.
The market is turning, said Kay Wilson-Bolton, [...]
The devastating Wenchuan earthquake had only a limited impact on property markets in Western, Central and Northern China. The price and supply of luxury apartments in Western and Central China experienced a slight drop, but office and industrial markets in those regions continued to display rental growth. A surge of businesses entering Chengdu’s industrial parks [...]