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Real Estate News

Global news and events have an affect on our local real estate market and knowing about ongoing news, events and economic trends will help buyers and seller make more educated decisions concerning their Orlando real estate transaction.
 
   
   

 
The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing.
Lots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding.
Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs.
Great bargains abound, but you have to shop carefully.
Economists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a wave of defaults looming as billions of dollars in troubled loans come due in the coming months.

Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.




A foreclosure home for sale is shown in this Aug. 22, 2006 file photo taken in Spring, Texas. RealtyTrac Inc. said Thursday March 11, 2010 that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.




Despite the impact of the recession on the Golden State, Los Angeles appears to be weathering the storm.Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.





Washington DC - Weather - Recession - United States - Washington

Why are the mansions of one of America’s richest women sitting vacant? Click to follow this photo narrative of the reclusive Huguette Clark and her father, William Andrews Clark, the "Paris millionaire senator." Where is Huguette Clark? And what will become of her fortune?Why are the mansions of one of America’s richest women sitting vacant? Click to follow this photo narrative of the reclusive Huguette Clark and her father, William Andrews Clark, the "Paris millionaire senator." Where is Huguette Clark? And what will become of her fortune?





United States - Wealth - Narrative - Government - Politics
The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.


Business - Construction and Maintenance - Residential Housing - Real estate - Thomson Reuters
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.

 

        

 

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