Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: real estate values

real estate values stories: 24 news summaries

1 - 20 of 24 Stories | 1 2 Next >>

Switch to grid view »

(Newser) - It’s a tale of two housing markets out there. While low and mid-priced homes are enjoying a resurgence, high-priced residences are languishing unsold, their prices falling rapidly, the Wall Street Journal reports. “We’re extremely oversupplied,” says a real estate agent in an affluent Illinois town,... More »

MORE ABOUT:
real estate • housing market • Federal Housing Administration • real estate values • luxury homes • Timothy Geithner • jumbo mortgages

 Looking to 
 Buy a Condo? 
 Act Now 

What's bad for luxury developers is good for buyers

Aug 1, 09 6:21 PM CDT
(Newser) - Standing tall in some of the most moneyed neighborhoods in America, condos once symbolized a seemingly bottomless housing boom. Now that the housing market has cratered, the luxury real estate sector is providing would-be buyers with the biggest opportunities, Forbes says. Lake Tahoe, Calif., Key Biscayne, Fl., and New York’... More »

MORE ABOUT:
real estate • condominium • real estate values • luxury condo

Recession
Puts Brakes
on Divorces

Would-be exes stay under one roof to avoid real estate losses

Jul 13, 09 12:04 PM CDT
(Newser) - A lot of unhappy couples are staying together—or at least staying under one roof—thanks to the recession, the Wall Street Journal reports. Many would-be exes are putting off breakups, unwilling to sell their houses in a down market or unable to afford new ones. Some even continue... More »

MORE ABOUT:
divorce • real estate • parenting • marriage • recession • home prices • real estate values • separation

Congress Weighs Wider Home Tax Credit

$8K for first-time buyers may jump to $15K, apply to all sales

Jun 22, 09 9:00 AM CDT
(Newser) - With the tax credit for first-time homebuyers set to expire in November, congressional efforts to increase it and broaden its reach are ramping up, reports USA Today. Chris Dodd, who leads the Senate Banking Committee, supports a proposal to raise the credit to $15,000 and extend it to all... More »

MORE ABOUT:
real estate • mortgage • home sales • Chris Dodd • real estate values • homeowners • tax credit

GLOSSIES

 Hamptons Grim, But Not Dead 


Jun 9, 09 3:57 PM CDT
(Newser) - The Hamptons are not a happy place these days, Michael Shnayerson writes in a Vanity Fair piece detailing fortunes destroyed, plans dashed, homes selling for bargain basement prices. The stink of the financial crisis in general, and Bernard Madoff especially, has descended on the oceanfront playground of New York’s... More »

MORE ABOUT:
real estate • rich • real estate values • Hamptons

 Investors Storm 
 Housing Market 

Aim to take advantage of current low prices

May 20, 09 7:18 AM CDT
(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them... More »

MORE ABOUT:
real estate • investors • housing market • home sales • investment firm • real estate values • financial crisis

(Newser) - The asking price for the late real estate magnate-cum-jailbird Leona Helmsley’s Connecticut mansion has been slashed by $50 million, the Wall Street Journal reports. The 40-acre Greenwich property is now offered for $75 million, down from $125 million. Insiders think it could be the largest cut ever for a... More »

MORE ABOUT:
New York City • Greenwich • Connecticut • Leona Helmsley • price cut • real estate values • developer

 Gonzo Blogger Exposes 
 SoCal Housing Market 

Jim Klinge's unrestrained criticism of real estate practices brings him buyers

Apr 2, 09 9:49 AM CDT
(Newser) - With “transparency” a political mantra and the housing market an unqualified mess, one real-estate broker is seeking unfettered truth, the Los Angeles Times reports. Armed with a video camera, blogger Jim Klinge is chronicling California’s real-estate crash, sparing no broker’s feelings with scathing appraisals not just of... More »

MORE ABOUT:
real estate • housing market • Hunter S. Thompson • real estate values • transparency • financial crisis • Jim Klinge

Manhattan Apartment Prices Tumble

Financial crisis sends values down double digits in first quarter

Apr 2, 09 6:27 AM CDT
(Newser) - Wall Street's problems have chucked a bucket of cold water over Manhattan's once overheated property market, Reuters reports. The median price of a Manhattan apartment dived 11% to $749,000 in the first quarter, according to a report released today by the Corcoran Group, New York's largest brokerage. Analysts expect... More »

MORE ABOUT:
New York City • Manhattan • real estate values • property values • apartment

(Newser) - Some state lawmakers have proposed a novel solution for California's budget problems: sell San Quentin Prison, the San Francisco Chronicle reports. Experts estimate the 435-acre site, picturesquely situated on a peninsula overlooking San Francisco Bay, could go for more than $2 billion. About half of that would go toward building... More »

MORE ABOUT:
California • prison • death row • real estate values • Marin County • inmates • budget gap • San Quentin

Developers Use Auctions to Move Condos

When it's tough to set prices, these sales
let buyers do it

Nov 28, 08 1:22 PM CST
(Newser) - With buyers scarce and prices in Florida's condo market plunging, sellers are increasingly turning to auctions to move units in new developments. No longer just a means of unloading foreclosed homes, the auctions also keep agents from having to guess what the public is willing to shell out, the New ... More »

MORE ABOUT:
Florida • auction • real estate development • condominium • real estate values

OPINION

 Forget the Rebound; 'This Thing's Going Down'

We can't expect a quick recovery from the economic downturn

Jun 27, 08 8:43 AM CDT
(Newser) - A cycle has emerged in the economic mood of recent months: a round of bad news sends markets into a tailspin, then things appear to improve, complete with predictions that the worst is behind us, only to fall apart again, writes Steven Pearlstein in the Washington Post. It’s... More »

MORE ABOUT:
recession • consumption • US dollar • real estate values • production • economy

 Banks Play
 Hide-and-Seek
 With Bum Loans 

Changing definition, moving mortgages to subsidiaries among tactics

Jun 19, 08 10:19 AM CDT
(Newser) - Banks are increasingly finding creative ways to lessen the impact of shaky loans on their bottom lines, shifting them to subsidiaries or changing their definition of non-performing, the Wall Street Journal reports—a legal, if not exactly confidence-inducing, strategy. "Spending all the time gaming the system rather than addressing... More »

MORE ABOUT:
credit crisis • real estate values • home equity loans • mortgage defaults • bank regulation

 TV Home Shows
 Boom During Bust 

'People loved comedies during the Depression, too,' producer says

Jun 12, 08 9:20 AM CDT
(Newser) - Home shows are becoming the heavyweights of reality television, even as the housing market continues to plummet, the New York Times reports. HGTV and TLC have million-plus nightly audiences as shows that provide step-by-step guidance to potential homesellers and buyers appeal to viewers weary of past hits that traded on... More »

MORE ABOUT:
reality TV • housing market • home resales • home renovation • real estate values • housing crisis • TLC • A&E • HGTV

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

May 27, 08 7:31 AM CDT
(Newser) - April generally was not a great month for home sales, the Wall Street Journal reports—except in the areas hardest hit by the subprime crisis as lenders slash prices on foreclosed homes and buyers snap them up. Subprime-riddled Detroit, for example, has seen home sales rise 48% in the... More »

MORE ABOUT:
housing market • foreclosure • home sales • home prices • real estate values • existing home sales

 House Could Be Dead Giveaway 

69-year-old seller will make home's buyer beneficiary of $500K insurance policy

Apr 6, 08 11:20 AM CDT
(Newser) - If Bob Fanning dies in the next decade, the buyer of his Wisconsin home—listed at $498,900—will get a half-million dollar payday. That’s because the 69-year-old plans to make the new owner the beneficiary of a 10-year life-insurance policy, a carrot he hopes will sweeten the deal... More »

MORE ABOUT:
Wisconsin • homeownership • real estate values • housing crisis • subprime crisis • life insurance

Real Estate Slump Strikes Manhattan

Average apartment price soars to record; big picture grim

Apr 2, 08 3:25 PM CDT
(Newser) - Manhattan real estate prices hit record highs in the first quarter of 2008, but sales declined, showing that the housing crunch is starting to affect the island, Bloomberg reports. The average price of a Manhattan apartment was $1.7 million, up 33.5% from last year, the New York Times ... More »

MORE ABOUT:
Wall Street • New York real estate • Manhattan • home sales • home prices • real estate values • housing crisis

Commercial
Real Estate Will Slow, Not Tank

Malls, offices won't be hit nearly as hard as housing, experts say

Mar 10, 08 9:18 AM CDT
(Newser) - The commercial real estate market has slowed dramatically, but won’t rival the housing implosion, reports the Wall Street Journal. Prices will likely fall just 20%, compared with 40%-plus for homes in some markets, and commercial property owners—unlike record numbers of homeowners facing foreclosure—have largely been able to... More »

MORE ABOUT:
foreclosure • recession • US economy • credit crisis • mall • real estate values • housing crisis • commercial real estate

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Mar 3, 08 4:10 PM CST
(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to... More »

MORE ABOUT:
real estate • Citigroup • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • mortgage backed securities • real estate values • commercial real estate • JPMorgan Chase

Rosy Realtor Ads Omit Pesky Housing Crash

NAR campaign claims slumping market is a can't-lose investment

Jan 28, 08 7:58 PM CST
(Newser) - Apparently, real estate is a can’t-fail investment right now. Or at least, that’s the questionable gospel the National Association of Realtors is preaching, in a blitz of new commercials claiming that home values, on average, double every 10 years, and that a home is “the key to... More »

MORE ABOUT:
real estate • advertising • investments • National Association of Realtors • real estate values • housing crisis • housing bubble

1 - 20 of 24 Stories | 1 2 Next >>


from our news partners