Posts Tagged ‘residential real estate market’

Sarasota Real Estate: The Market Sees A Slight Reduction In New Home Closings

Sunday, April 27th, 2008

The residential real estate market in the Sarasota-Bradenton region, according to market analysts, began to overheat in late 2004 and 2005, and still continues to struggle because of the upsurge of speculative inventory created during that time frame. However, many say the positive news is that the market steadily reduced the level of finished vacant [...]

Real estate prices reach another record

Monday, April 16th, 2007

Southern California’s residential real estate market continued its wayward course in March with the median price reaching another record while sales declined to a 10-year low for that month, a market tracker said this week.
Last month the median price of a home in the six-county region rose an annual 4.6 percent to $505,000, said La [...]

Developer confident of condo desirability

Sunday, April 15th, 2007

Construction is being completed on the first of the four units of VidaNova at Edison Landing but the model unit is opening in a continuing soft residential real estate market.
There have been plenty of interested lookers at Muskegon’s first downtown waterfront residential development but to date, no buyers. Developer Doug Harjer of Grand Haven said [...]

Apollo Management set to acquire real estate giant Realogy Corp.

Tuesday, December 19th, 2006

A major private equity firm is set to purchase real estate giant Realogy Corporation, the parent company of Century 21 and Coldwell Banker, for more than $6.6 billion, the companies announced Sunday.
Apollo Management, based in New York, agreed to purchase the company in a $9 billion deal while assuming Realogy’s debt and other liabilities of [...]

Latest Deal in Real Estate for $9 Billion

Tuesday, December 19th, 2006

Realogy, the giant real estate franchisor that owns Coldwell Banker, Century 21 and Sotheby’s International Realty agreed yesterday to be sold to Apollo Group, the private equity firm, for about $9 billion.
The deal marks the latest play by private equity firms to buy into the real estate business just as it appears to have peaked. [...]

Private group buys giant in real estate

Tuesday, December 19th, 2006

Private-equity group Apollo Investment agreed to buy real-estate brokerage group Realogy for about $6.6 billion, continuing a booming trend of private investment in publicly traded real estate firms.
Realogy, parent company of Century 21 and Coldwell Banker, is the world’s largest real-estate franchiser and has a role in one out of every four residential transactions in [...]

Waterfront condo plan advances

Sunday, December 3rd, 2006

Along the Danvers River at the lip of Beverly Harbor, 4-foot-tall weeds grow through cracked asphalt. On the 3.7-acre property, two old warehouses stand empty, surrounded by a chain link fence and barbed wire.
More than 60 years ago, workers at the site processed uranium that was transmuted into plutonium, and used in the “Fat Man [...]

Real estate boom was lowered in 2005

Wednesday, October 25th, 2006

Now we know where some of the badness is lurking as the residential real estate market continues unwinding — 2005. The year the boom market turned.
That clue revealed itself last week when DataQuick Information Systems released a report that showed third quarter foreclosure activity soaring across the state from the year-ago levels.
DataQuick s analysis found [...]

Slow market forces agents, homeowners to wheel, deal

Monday, October 9th, 2006

Asluggish residential real estate market is prompting more homeowners to use creative marketing tactics, offering incentives such as gift cards and sports tickets to attract potential buyers.
Sales of existing homes are down 10 percent to date compared to this time last year, according to Tom Campensa, president of the Akron Area Board of Realtors.
“When buyers [...]

Real Estate ETFs Avoid Home Market Carnage

Thursday, August 24th, 2006

Wednesday brought more bad news for the real estate market with the report that existing-home sales dropped sharply in July.
But despite the grim data, real estate-focused ETFs have been holding up rather well. IShares Cohen & Steers Realty Majors was up nearly 21% for the year through Tuesday’s close. Its sector peers — iShares [...]

More than ever, top-dollar real estate looks like the home next door

Monday, August 21st, 2006

TEN YEARS AGO, the Internet was just beginning to catch on, cells phones were more a novelty than a necessity and a million dollars would buy a nice, spacious house — a new, custom-built, five-bedroom, three and a half-bath, 4,500-square-foot house in the coveted Mission area of Fremont, for example.
What will $1 million buy [...]


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