Housing Inventories Rise for Eighth Straight Month

September 7th, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Housing inventories rose in many U.S. cities for the eighth straight month in August in a sign of the continued headwinds facing a soft housing market.

Home Buyer Tax Credit Price Tag: $22 Billion

September 7th, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News The total estimated cost of the home buyer tax credits is about $22 billion, according to a report released by the Government Accountability Office last week.

Real Estate News: Good News About Rising Mortgage Rates

September 7th, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Here is a look at real-estate news in today's WSJ:

Sunstone’s Deal for Big San Diego Hotel Scuttled

September 3rd, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News All isn’t sunny in San Diego. Developer Doug “Papa Doug” Manchester’s deal to sell the Manchester Grand Hyatt convention center hotel in San Diego to Sunstone Hotel Investors Inc. is off.

A Grain of Salt on Thursday’s Pending Sales Report

September 3rd, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Economist David Rosenberg urged a note of caution when reading Thursday's positive pending home sales report.

Real Estate News: Mortgage Rates Fall to 4.32%

September 3rd, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Here's a look at the real estate news in today's WSJ.

Real Estate News: Pending Sales Rise in July

September 2nd, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Here's a look at the real estate news in today's WSJ:

Residential Properties Ltd.

Pending Home Sales Rise in July: Stocks gained on Thursday after the National Association of Realtors reported that pending sales rose by 5.2% in July. Five Mistakes Home Buyers Make: From snubbing the real-estate agent, to failing to determine how much a buyer can truly afford, this list should help avoid some common pitfalls. Surprising Shelter: Real-Estate Funds Gain: Despite continued bad news about the economy and real estate's role in it, mutual funds and exchange-traded funds in the real-estate sector have rebounded during this past year. Fed's Pianalto: Multiple Solutions Needed on Housing: The housing crisis needs multiple, coordinated policy solutions, Federal Reserve Bank of Cleveland President Sandra Pianalto told a conference on Thursday. House of the Day: Providence Poet House: The poet who's lived in this 6,800-square-foot former carriage house finds it well-suited for writing. The Rhode Island home features seven bedrooms and an indoor fire pit.

Builder Bummer: Big Land Auction Cancelled

September 1st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home.

One Michigan County Offers Free Land

September 1st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average.

Serial Killer’s Former California Home Sells

September 1st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Barbara Holmes and Tom Williams got a killer deal in the foreclosure auction for their new Sacramento home.

Real Estate News: Home Prices Rise, Outlook Dims

September 1st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Here's a look at the real estate news in today's WSJ:

Shiller: Time for More ‘Inspirational’ Housing Policy Ideas

August 31st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Yale economist Robert Shiller urged policy makers to be more “inspirational” when designing solutions to the housing market morass.

Real Estate News: L.A. Turns on Lights to Fight Crime

August 31st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News Here's a look at real-estate news in today's WSJ:

Home Price Reports Don’t Show Declines (Yet)

August 31st, 2010    Posted in Manhattan Distressed Properties, Manhattan Foreclosures, Manhattan REOs, Manhattan Real Estate News When reading Tuesday's report on home prices from the S&P/Case-Shiller index, use caution.