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Some are rushing to draw down credit lines before they are withdrawn, while [...]
The nation’s painful housing bust has put sellers in a serious lurch. To get their properties sold, many sellers will have to make sharp reductions to their asking prices-a necessary evil that can rob the investment of its return. But Danielle Babb has a different idea. In her book, The Accidental Landlord, Babb describes how [...]
The current rental market is thriving while housing sales continue to fall, according to the latest lettings survey from the Royal Institution of Chartered Surveyors (RICS).
Many would-be sellers chose to become landlords in the current climate, highlighted by the fact that new instructions to let in July increased at the fastest pace in the survey’s [...]
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 [...]
From the mid-1990s until 2006, housing prices increased dramatically in parts of the United States including Southern California, Florida, Phoenix and Las Vegas. The rest of the country also experienced increases but not to the same extent. In 2006 sales slowed down and prices began to decline — substantially in some markets. Sub-prime mortgage borrowers with adjustable rate provisions faced serious rate increases that were coming due, and many of those homeowners could not afford higher mortgage payments.
The slumping housing market, which has fallen 30 percent since its peak in late 2005, should provide a boost to San Diego’s traditionally tight rental market, according to Marketpointe Realty Advisors.
The local market research firm said 71 new home and condo conversion projects totaling 4,930 units have been taken off the market since 2006, including [...]
A rental market survey shows that 38 per cent of rental units in Calgary turned over last year and the top reason for people leaving their units was for home ownership.
The survey, conducted by Canada Mortgage and Housing Corp. for the Calgary Apartment Association, said the next two top reasons were job relocation and financial [...]
Italy’s position as one of the world’s leading tourist destinations is stronger than ever as Italian holidaymakers opt to spend free time exploring their home country.
“Italians show a strong passion for their homeland, being the main visitors to the sunny southern regions and creating an increased demand for rental property in these areas,” says Cary [...]
In recent weeks, it’s been hard to ignore the stories that have surfaced about rising rent prices and the soaring demand for rented properties in the Capital.
We’re hearing that the credit crunch is still maintaining its grip on the property market and sapping confidence among buyers and sellers, while the demand for rented property is [...]
Althea Morrow considered moving into an extended stay hotel when the home she was renting went into foreclosure.
Instead, she’ll be living with her 24-year-old daughter, who has a four-bedroom apartment.
“It’ll save a little money, and I can help my daughter financially with the rent,” said Morrow, whose two youngest children also will be bunking with [...]