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Archive for the ‘House Prices rise in some hard-hit areas’ Category

>World Housing News

>

February 4, 2009 — 10:54 a.m. EST

Deep Discount in New Jersey

This 7,000-square-foot house was originally listed at $3.5 million. Now it’s up for auction with a minimum bid of $1.75 million.

 

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Condo King Corus Weighs Options

Corus Bankshares is weighing a sale as the condo boom it helped fuel is beset by mounting defaults.
 

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Battle Over Lehman’s Real-Estate Carcass

Lehman Brothers’ partners, creditors and vendors are fighting for what is left of the bank’s real-estate carcass.
 

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Loan Deadline Passes for General Growth

The payment deadline on General Growth’s $225 million loan passed without the debt-laden mall owner announcing an extension.
 

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Buyer and Seller Opt for Path Least Taken

In the case of the sale of three office buildings in New Jersey, Florida and California, both the buyer and the seller are going their own way in this market.
 

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D.R. Horton Narrows Loss

D.R. Horton posted better-than-expected fiscal first-quarter sales, offering a sign that some large builders are likely to survive the downturn.
 

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Keeping Safe Hand at Wheel

When a veteran fund manager left AEW Europe to launch his own property-investment company, unhappy investors intervened.
 

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Singh Leads DLF’s Push Across India

Pia Singh, who leads Indian property giant DLF’s entertainment venture and the group’s retail business, has been active in the company’s push to expand across India.
 

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Pending Home Sales Increase

The realtors’ index for pending sales of previously owned homes increased 6.3% to 87.7, but economists aren’t ready to call a bottom for the sector.
 

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Governance Worries Hit India Real Estate

India’s once-hot real-estate sector is suffering from a lending clampdown that has hurt residential and commercial demand.
 

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>House Prices Rise In Hard Hit Areas

>The Wall Street Journal reported this morning:

By JAMES R. HAGERTY
May 27, 2008; Page A3

Home sales are rising in some U.S. metropolitan areas where lenders have slashed prices on foreclosed properties.

Generally, home sales remain weak. The National Association of Realtors reported last week that sales of previously occupied homes in April were down about 18% from the already depressed year-earlier level.

But sales are up sharply in some of the areas hit hardest by foreclosures and falling prices. They include: Las Vegas; Sacramento, Calif.; Fort Myers, Fla.; and inner-city Detroit.

To read the entire story click onto:
http://online.wsj.com/article/SB121184152415621103.html?mod=djemRealEstate