Archive for March, 2009
Sales of second homes fall 22 percent
Sales of vacation and investment homes slid 22 percent last year, a sign that tough economic conditions and tight lending requirements shut out buyers, the National Association of Realtors reported Monday.
10 priciest cities for owning a home
Those living in Monte Carlo may enjoy the beaches and nightlife, but they pay for it. The resort area tops a list of the world’s most expensive housing markets.
Debi Derryberry lists Toluca Lake home at $2.5 million
The voice of Nickelodeon’s Jimmy Neutron is selling a property that features a main house with four bedrooms, a two-story guesthouse, pool and cabana, and a detached art studio. Jimmy Neutron may invent rocket ships and periodically save the world from impending doom, but will that be enough to sell a house in this market? [...]
Real estate multi-tasking: Investors find a rare bright spot in the recession with the decline of multi-family housing … (Wisconsin State Journal)
Falling prices for rental properties in Dane County could make now the best time in the past decade to invest in multi-family housing, according to real estate agents and property investors. “There’s definitely a lot of motivated sellers right now,” said Dan Miller, an agent with Keller Williams Realty who tracks real estate listings on [...]
Should You Go FSBO? – RisMedia.com (press release)
Should You Go FSBO?RisMedia.com (press release), CT By George W. Mantor Print Article RISMEDIA, March 31, 2009-Pronounced “fizzbo,” an FSBO (for sale by owner) is a Realtor acronym for a property that an individual is looking to sell on their own. To a certain extent, the notion may be driven by tough …
Market Share Of U.S. Second-Home Sales Fell In 2008: NAR
Sales of vacation and investment homes in the United States slipped to 30 percent of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.
Forest City Enterprises posts large fourth-quarter loss
Forest City Enterprises Inc. has reported sizable net losses for the fourth quarter and fiscal year ended Jan.
Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividends on Preferred Stocks
Freeport-McMoRan Copper & Gold Inc. today declares the following quarterly cash dividends payable on May 1, 2009 to holders of record as of April 15, 2009: $1.6875 per share of FCX’s 63 4% Mandatory Convertible Preferred Stock .
General Growth discusses unsecured notes
General Growth Properties , which owns Landmark Mall in Alexandria and Tysons Galleria in McLean, is still in discussions with holders of unsecured notes and lenders to develop a plan to repay loans.
Ventas CEO's compensation up on stock awards
Debra Cafaro, chief executive of Ventas Inc., received a compensation package in 2008 of $7.6 million, up 86 percent from the year, mostly due to keeping the health care real estate investment trust ahead of its peers amid deteriorating economic and financial conditions.