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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: property values

property values stories: 9 news summaries

China May Invest in
Bargain US Real Estate 

Sovereign-wealth fund to ramp up spending after quiet 2008

Sep 8, 09 4:11 PM CDT
(Newser) - China’s sovereign-wealth fund has its eyes on US real estate, the Wall Street Journal reports. China Investment Corp. laid low throughout 2008 as the global economy teetered but is now opening its coffers. And depressed US commercial property values—off 35% from their peak—coupled with cheap government... More »

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China • real estate • United States • recession • private equity firms • sovereign wealth funds • China Investment Corp • property values

(Newser) - From New York and Los Angeles to devastated Rust Belt towns, falling home prices are leaving local governments in a pinch, the New York Times reports. Desperate for extra cash, homeowners are petitioning assessors in droves to lower their property taxes and match property values. “It’s worthy... More »

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homeowners • tax revenue • home values • property values • refund • property tax • local government • assessor

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 »

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New York City • Manhattan • real estate values • property values • apartment

 Crisis Pounds Ireland— 
 and Its Beer 

Deteriorating economy drives away foreign investors

Feb 8, 09 9:02 AM CST
(Newser) - If there's a sure sign that Ireland's vaunted Celtic Tiger economy has been reduced to a mewling kitten, it's Guinness' sudden cold feet on its planned $1 billion "superbrewery," reports the Wall Street Journal. Once the black-gold proof of Ireland's boom, the premium beer brand has been hit... More »

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Ireland • Dublin • credit crisis • property values • Guinness

 Home Prices 
 Take Another 
 Nose-Dive 

Fall record 18% in year to October

Dec 30, 08 9:07 AM CST
(Newser) - Home prices in 20 US cities plunged 18% in October over the previous year, a record-breaking rate, Bloomberg reports. The S&P/Case-Shiller index, which has declined every month since January 2007, dropped 17.2% in September. "The bear market continues; home prices are back to their March 2004 levels,... More »

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housing market • home prices • Case Shiller price index • property values • financial crisis

ANALYSIS

 'Everyday' Palins 
 Worth About $1.2M 

2007 income tops $250K; salaries, fishing rights, handful of properties add up

Oct 2, 08 2:10 PM CDT
(Newser) - Financial reports show that, while they’re no John and Cindy McCain, the Palin family is much more well-off than the average American, the AP reports, worth about $1.2 million. The Alaska governor and her husband together appear to have made more than $250,000 last year, from her... More »

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Alaska • personal finance • fishing • Election 2008 • property values • Sarah Palin • Wasilla • Todd Palin

 Disney Fever Sweeps Shanghai  

Residents scooping up property, hoping for a payoff if city gets theme park

Jul 26, 08 9:23 AM CDT
(Newser) - As rumors fly about Disney’s interest in building a theme park in Shanghai, residents are already taking action to profit from the project. They're adding on to their property and establishing false businesses, figuring they’ll be compensated for the loss of such holdings if Disney takes control of... More »

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China • Disney • Shanghai • property values

ANALYSIS

 'Evangelist' Renter: Time to Buy 

NYT analyst says buying begins to make sense again

May 28, 08 8:32 AM CDT
(Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he... More »

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housing market • property • rent • homeownership • housing bubble • property values

Consumer Spending Stalls Again

Confidence is falling as inflation rises

Feb 29, 08 12:03 PM CST
(Newser) - Consumer spending rose more than expected in January—but only because prices did so as well, Bloomberg reports. Adjusted for inflation, spending remained flat for the second straight month. With fuel costs rising, banks restricting loans, and property values falling, “consumers are clearly hard-pressed to maintain their standard of... More »

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inflation • Federal Reserve • consumer confidence • recession • consumer spending • US economy • fuel costs • property values

9 Stories


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