Empy nesters, retirees, and young professionals are moving back to the city. To be specific, the city’s center. Many experts believe it may be a trend that will continue for the next 15 years. The attraction for young professionals appears to be the active social scene. And, like empty nesters, they […]
Someone forgot to tell Houston that the real estate market was entering a “correction” because for the eighth straight month in May, single-family sales and prices grew. According to the Houston Association of Realtors, total property sales, which include single-family homes, townhomes, multifamily homes, country homes, high-rise properties and lots listed on […]
A study released by Harvard University believes that if you are waiting for the real estate market to crash with a resounding boom, you’ll be sadly disappointed. However, if you think its going to continue on at its current inflated rate, you won’t be so happy either. Their prediction? A long period […]
Call it what you will — a “cooling off”, a “market correction” or the more extreme “collapse”– the end result is all the same, a marketplace dotted by higher housing inventories, selective and demanding buyers, and agents having to work harder to close the deal. That’s not necessarily a bad thing. All […]
Who’s buying those million-dollar homes?
If you said younger baby boomers with household incomes of less than $500,000 , you’d be on the mark. A Coldwell Banker Previews International study also found that this particular demographic owns or will buy second residences as well. In fact, 35% of the 300 […]
Ocean City Today is reporting that a local real estate company was the victim of an international e-mail scam that cost them $4,400. Apparently, an agent at the company was contacted by e-mail from a man claiming to be from England who said he wanted a month-long reservation for a minister […]
Default Research announced that the number of foreclosures in Southern California have jumped 29% since January 2006. Riverside had the highest increase of 56.5 percent, followed by San Diego County at 49 percent and Los Angeles at 16.2 percent. The majority of the foreclosures dealt with single-family homes.
Job growth in May […]
The survey, “2006’s Best Cities for Relocating Families” has listed Louisville, Ky.; Evansville, Ind.; and Athens, Ga., among the best metro areas for relocating families.
The top-10 large metro areas for relocating families are: Louisville, Ky.; Austin-San Marcos, Texas; Denver, Colo.; Nashville, Tenn.; San Jose, Calif.; Washington, D.C.; Baltimore, Md.; Albuquerque, N.M.; Knoxville, Tenn.; and Harrisburg, […]
Builder John Laing Homes has announced that the company was acquired by Dubai-based real estate developer Emaar for $1 billion in cash, creating one of the world’s largest property developments in what is being called the largest residential real estate transaction in the history of the U.S.
Despite cooling home prices in Newport Beach, real estate […]
Americans may not have yet bought into the sky is falling reports regarding the housing market. According to a recent survey by ING Direct, three-quarters of respondents had ‘very little concern’ about the prospective value of their homes. The poll found that 85 percent of those who own a home believe that their […]