Archive for October, 2008
New home sales unexpectedly rise 2.7 percent
New home sales post unexpected increase in September as prices fall to lowest level since 2004.
Foreclosure activity rises 70 percent
The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007.
Story: Is Barack Obama a real American or a Harvard elitist?
There’s no question about it, John McCain’s supporters said. We are the real Americans, and folks who support Barack Obama aren’t. If Obama wins, said Craig Jederline, an Albuquerque radio station programming …
As Forest City's stock price drops another 40%, rating agency expresses concern, including about AY
Less than two weeks ago, Forest City Enterprises , parent company of Atlantic Yards developer Forest City Ratner, saw its stock price close at $19.79, less than a dollar over the low point of its 52-week range.
Dubai property market on edge amid global slowdown
Dubai property market on edge amid global slowdown 1/3 With the world’s tallest under construction tower, Burj Dubai, background left, vehicles pass by the under construction towers at the Business Bay in …
Housing groups push for stimulus packages
Though House and Senate leaders have not agreed on whether to hold a session immediately after the election, national housing industry trade groups are pressing hard for a second round of emergency economic …
General Growth to sell Strip properties
Published Mon, Oct 27, 2008 Updated 2 hours, 16 minutes ago A shakeup was announced Monday at General Growth Properties Inc.
Many older Americans still on the job say they see no end in sight.
An 82-year-old real estate agent with severe arthritis and two artificial hips thought she would be retired by now, while a professor 25 years her junior wonders if he will ever stop working.
Tax Break on Capital Gains Narrows
Deep in the nearly 700 pages of the new housing bill is a complicated change in the tax code that could affect substantial numbers of people who purchase second homes or investment real estate in the coming decade with an eye to occupying those homes as their main residence later.
A Worthy Read to Get Serious About Estate Planning
W e spend most of our waking hours either working to earn money or thinking about what we’ll do with it: spend it, save it or invest it, lawyer John Ventura observes in his book “Kiplinger’s Estate Planning: The Complete Guide to Wills, Trusts, and Maximizing Your Legacy” (Kaplan, $21.95).