Skaters Enjoy Empty Foreclosure Pools
Posted in Real Estate, Social on Dec 28th, 2008
Category Archive for 'Real Estate'
New York’s Impending Real Estate Implosion
Posted in Economy, Real Estate on Dec 4th, 2008
A hastily drafted moratorium on foreclosures has kept many New Yorkers in their homes. It’s about to change.
New York City has been the big holdout in the U.S. housing meltdown. Wealthy foreigners flush with weak dollars and a finite supply of pricey Manhattan condominiums have kept the market moving.
But the New York hiatus from a [...]
Home Prices in Record Decline
Posted in Economy, Finance, Real Estate on Nov 25th, 2008
A Case-Shiller survey shows a 16.6% annual decline in the summer months as the housing picture continues to deteriorate.
In the weakest market, Phoenix, the 12-month loss came to 31.9%. Las Vegas prices plummeted 31.3% and San Francisco recorded a 29.5% decline. The best performing markets, Dallas and Charlotte, N.C., still posted drops - 2.7% in [...]