REAL ESTATE

IBTimes Logo

Distressed Sales Remain a Concern

Twenty-nine percent of recent buyers purchased a home in foreclosure or through a short sale, according to the latest REALTORS® Confidence Index. REALTORS® who participated in the survey are also concerned about a growing number of foreclosures and the hurdles buyers face in short sales.

US foreclosures slow a 3rd month; lull temporary

IBTimes Logo
U.S. home foreclosure filings slowed in October for a third straight month, but rising unemployment will spur another record year of failing mortgages in 2010, real estate data company RealtyTrac said on Thursday.

US mortgage refinancing up but buying demand sinks

IBTimes Logo
Refinancing drove total U.S. mortgage applications higher last week as fixed borrowing costs fell further below 5 percent, but home purchase demand sank to a nine-year low, an industry group said on Thursday.
IBTimes Logo

Madoff's NYC, Palm Beach homes get price cuts

It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.
More news
IBTimes Logo

8 Reasons to Stage Your Home for Sale

Staging can be pricey. Especially if you go with someone good. The designer alone can run on the range of $1400-$3000 and rental of materials as much as $300-700 per month. Is it worth it? Homes that are priced right still need to compete. Anytime you can remove people's fears about purchasing a twix, a computer or a home, you'll be that much closer to locking in the sale.
IBTimes Logo

U.S. home prices flat in Q3, fewer underwater: Zillow

Home values in the United States stabilized in the third quarter and fewer mortgages were underwater, but impending foreclosures could threaten to delay a housing market recovery, real estate website Zillow.com said on Monday.
IBTimes Logo

Stuyvesant Town woes may pave way for loan changes

The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.
IBTimes Logo

Mortgage rates drop below 5 percent: Freddie Mac

U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday.
IBTimes Logo

Senate approves jobless, housing aid

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.
IBTimes Logo

For Americans, deficit pain is felt close to home

Christopher O'Neill is worried about the deficit. The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami.
IBTimes Logo

Short sale battles weigh on U.S. housing recovery

Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to support a recovery, real estate agents and analysts say.
IBTimes Logo

House seen expanding home buyer tax break: Hoyer

The U.S. House of Representatives is expected to back a Senate plan to extend a popular homebuying tax credit through April and also expand its scope, House Majority Leader Steny Hoyer said on Tuesday.
IBTimes Logo

U.S. commercial property up in 3rd quarter

The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released on Tuesday.
IBTimes Logo

Seattle's Most Expensive Home $25 Million

The most expensive home in Seattle is currently listed at $25M and what a magnificent home it is. Located on the northern tip of Mercer Island, it has a nice view of the upper half of Lake Washington and the Olympic Mountains. MLS #28184022, let's start with the basics:
IBTimes Logo

US home buyer credit spurred 400,000 sales -report

The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.
IBTimes Logo

L.A. homelessness declines despite economic crisis

The homeless population of Los Angeles fell sharply during the past two years, a study released on Wednesday found, confounding expectations that the recession would drive more people into the city's streets and shelters.
IBTimes Logo

New home sales drop, durable goods orders up

Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment.
IBTimes Logo

Home credit extension widely supported in Senate

The U.S. Senate's top Democrat and top Republican each voiced support on Wednesday for extending a soon-to-expire $8,000 tax credit for homebuyers, but left unclear when the chamber would act.
IBTimes Logo

US mortgage applications slump third straight week

U.S. home loan demand slid for the third straight week, the Mortgage Bankers Association said on Wednesday, with purchase applications the weakest since mid-May and refinancing requests at a two-month low.
IBTimes Logo

U.S. foreclosures spike in new regions in 3rd qtr

U.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, but unemployment created new trouble spots as foreclosures set a record in the quarter, real estate data company RealtyTrac said on Wednesday.
IBTimes Logo

SL Green sees role in Stuyvesant Town restructuring

SL Green Realty Corp, a New York office owner and commercial real estate lender, said on Tuesday it expected to play a role in the restructuring of the debt on two huge Manhattan apartment complexes teetering on the edge of default.
IBTimes Logo

U.S. home price gains may not be sustainable: Shiller

The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in bubble territory, an economist known for his property market expertise said on Tuesday.
IBTimes Logo

U.S. schools homeowners to spot loan rescue scams

Sun Valley, a sun-baked and struggling corner of Los Angeles, is fertile ground for mortgage rescue scams with its high proportion of subprime borrowers, Spanish speakers and a sharp drop in home values.
IBTimes Logo

Torture charged in L.A.-area mortgage rescue case

As Los Angeles housing advocates launched a campaign warning of mortgage rescue scams, a couple hit by foreclosure are charged with torturing two loan-modification agents they suspected of fraud, authorities said on Monday.
IBTimes Logo

Freddie Mac Sept portfolio up, delinquencies jump

Freddie Mac, the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 7.3 percent rate in September, while delinquencies on loans it guarantees accelerated.
IBTimes Logo

Architectural Element: Board-Formed Concrete Walls

Both rough and refined, board-formed concrete plays an important role in architecturally significant buildings and residential interiors. It can warm up stark modern interiors and provide a cool contrast to warm woods.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.