Real Estate Market

Tax Breaks For New Home Buyers

admin_huliq — Sun, 17 Aug 2008 09:02:59 -0500

According to The American Housing Rescue and Foreclosure Prevention Act of 2008, passed by Congress in July, first time home buyers who purchase homes between April 8th 2008 and July 1st 2009 are eligible for a tax credit. They can get $7,500 tax credit or up to 10% of the value of the home for home purchases under $75,000.

Portobello Estate in Corona del Mar Ranked 3rd Expensive

admin_huliq — Tue, 27 May 2008 07:28:14 -0500

The Portabello Estate in Corona del Mar is ranking as the third most expensive real estate property in the United States, priced at $75 million, writes David James Thaindian News.

Unsold House Inventory ‘Uncomfortably High’

admin_huliq — Fri, 23 May 2008 11:53:24 -0500

Does Lawrence Yun, the NAR chief economist, have a clue? He might just yet. Yun called the new report on the glut of unsold homes ‘uncomfortably high’ in a resignation that the housing market just isn’t in very good shape no matter which way you cut it.

Angry Renters Want the Free Market to Decide

admin_huliq — Mon, 19 May 2008 09:48:10 -0500

The WSJ doesn't like the 'angry renter" movement.

Florida Real Estate Inventory: A 5-year Condo Glut

admin_huliq — Mon, 21 Apr 2008 08:09:56 -0500

A great article in Builder highlights Jack McCabe’s research report which calculates that the Florida condo market has a whopping 5 years worth of inventory with cranes still hovering over new developments.

Subprime Mortgage Losses Could Hit $420 Billion

admin_huliq — Sun, 20 Apr 2008 21:24:06 -0500

The OECD (Organisation for Economic Co-operation and Development) reported that the losses related to the subprime mortgage bust could hit $420 billion based on an ultimate recovery of mark-to-market assets to 40 to 50% of their initial value.

Mortgage Applications Increase 5.7 Percent

admin_huliq — Wed, 09 Apr 2008 07:34:38 -0500

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 4, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 725.6, an increase of 5.4 percent on a seasonally adjusted basis from 688.3 one week earlier. On an unadjusted basis, the Index increased 5.7 percent compared with the previous week and was up 10.9 percent compared with the same week one year earlier.

Blackstone Group raises funds for real-estate market

seher — Wed, 02 Apr 2008 13:15:48 -0500

Blackstone Group L.P. (NYSE: BX), one of the world's largest private equity firms, has taken a record $10.9 billion loan to take advantage of the situation on the real-estate market.

Housing Market Recovery is Likely This Year

admin_huliq — Fri, 23 Mar 2007 11:07:21 -0500

Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery in the housing and real estate markets is likely this year, according to the latest forecast by the National Association of RealtorsÃ‚Â®.

House prices continue falling as Existing-home sales rise again in February

admin_huliq — Fri, 23 Mar 2007 10:38:29 -0500

Existing-home sales rose strongly in February following a healthy gain in January, reaching the highest level since last April, according to the National Association of Realtors.