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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: property

property stories: 10 news summaries
WHAT HOUSING BUST?

 World's Priciest Apartment 
 Sells for $56M 

Hong Kong duplex goes to mainland Chinese buyer

Oct 15, 09 5:50 AM CDT
(Newser) - A mainland Chinese buyer has purchased the most expensive apartment in the world, a duplex at the top of a Hong Kong highrise selling for $56.6 million. Hong Kong exited recession in the second quarter and its property market has rebounded strongly, although with prices up 30% this year... More »

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China • real estate • Hong Kong • world record • property • apartment

 Faux Owners Dress Up 
 Luxury Homes for Sale 

Rewards await those who can make an empty house look like a million dollars lives there

Apr 25, 09 10:41 AM CDT
(Newser) - The slump at the top of the property market has been a bonus for people who can make a mansion look like a happy home but can't afford one of their own, reports the Wall Street Journal. Realtors stuck with empty luxury homes have been seeking the services of resident... More »

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real estate • housing market • property

 Foreclosures Soar 81% 

States where property prices spiked during boom now seeing highest foreclosure rates

Jan 15, 09 6:05 AM CST
(Newser) - Foreclosures rocketed 81% in the US during 2008, affecting one of every 54 households in the nation, reports Reuters. A total of 3.2 million foreclosures were filed, according to research firm Realtytrac. The hardest-hit states were Nevada, Florida, Arizona, and California, the same states where property prices surged the... More »

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real estate • foreclosure • mortgage • property • mortgage loans • homeowners

No Charges for Texas Man Who Shot Neighbor's Burglars

Laws covering deadly force under scrutiny

Jul 1, 08 2:59 PM CDT
(Newser) - A Texas grand jury’s decision to take no action against Joe Horn, who killed two burglars on his front lawn, has focused attention on the state’s “deadly force” laws, the Houston Chronicle reports. Horn’s life was not in danger until he confronted the thieves fleeing his... More »

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Texas • law • gun control • property • protection • vigilante justice • shooting • Joe Horn

Rise in Renters Wiping Out Gains in Homeownership

Effects of subprime crisis evident as percentage of owners drops

Jun 21, 08 7:29 AM CDT
(Newser) - Americans are shifting from being homeowners to renters in rising numbers, the New York Times reports, all but wiping out gains made during the boom. The percentage of homes headed by homeowners dropped from 69.1% to 67.8% this year, which sounds modest, but is, in fact, the biggest... More »

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housing market • subprime mortgages • mortgage • home sales • property • rent • homeownership

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

 Condo Glut Floods Cities 

Bargains abound as boom-time projects completed

Mar 22, 08 8:17 AM CDT
(Newser) - A deluge of new condos is about to hit many American cities already flooded with an unprecedented number of unsold units, the Wall Street Journal reports. This year, thousands of projects started at the height of the housing boom will be completed; oversupply and economic slowdown are likely to cause... More »

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housing market • construction • mortgage • property • housing • condominium • housing crisis • building

Calif. Foreclosures Set Record

Second-quarter figures reveal housing slump worse than '96 skid

Jul 24, 07 5:56 PM CDT
(Newser) - Reflecting the increasingly gloomy picture across the country, residential foreclosures in California were up 799% in the second quarter compared to the same time last year, the LA Times reports. Stricter lending practices and the reeling housing market contributed to the record high 17,408 foreclosures in the three-month period,... More »

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California • real estate • housing market • foreclosure • property

Office Rents Soar in US

Companies are bearing the brunt of a price surge for commercial leases

Jul 5, 07 1:50 PM CDT
(Newser) - The price of office space has surged nationwide due to a dwindling store of vacant commercial property and picky landlords increasingly keen on attracting well-heeled tenants. Across the country, leases spiked an average of 3.1% in the second quarter, following an increase of 2.8% in the first. More »

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real estate • Manhattan • rentals • property • commercials • rent • office buildings • US economy • office

Novelist Gives
Away Movie Rights 

Jonathan Lethem wants to shake up thinking about intellectual property

Mar 26, 07 11:07 AM CDT
(Newser) - Jonathan Lethem is giving away the film option and, eventually, all ancillary rights to his new novel, "You Don't Love Me Yet," publicly grappling with issues of intellectual property and copyright law. "What I'm seeking to explore is that incredibly fertile middle ground where people control some... More »

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Jonathan Lethem • copyright law • film • law • publishing • property • copyright • book • movies

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