Monthly Archives: May 2011

Phoenix-area "shadow inventory" of homes doing well in market

Metro Phoenix has a “shadow inventory” of nearly 100,000 homes, the kind that market watchers sometimes fear could flood the region’s long-suffering housing market and drive down prices. These homes are either in foreclosure or the owners are behind on … Continue reading

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Up North Michigan real estate: What you can get for your money

First in a series. The Coffey family of Chicago take a 320-mile drive whenever possible to spend time in their new Traverse City summer home, set amid pine forests and rolling hills filled with cherry trees and grapevines with a … Continue reading

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Foreclosed homes sales at 28%

Several other states had foreclosure sales that accounted for at least one quarter of all home sales in the first quarter: Idaho, Florida, Michigan, Oregon, Virginia, Colorado, Illinois, Georgia and Ohio. Article source: http://durangoherald.com/article/20110529/NEWS04/705299973/-1/s

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CalPERS bouncing back after torrential years

(05-28) 14:37 PDT — Things could hardly have been worse when Anne Stausboll took over the reins at the California Public Employees’ Retirement System in January 2009. Investments had tanked, allegations of corrupt dealings by insiders were rumbling, and there … Continue reading

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05/29 – real estate transactions

$800,000 Blackman Terence F, Blackman Joanne V to Hanna Robert W, Hanna Theresa J, Lot 12 Mangrove Bay, O.R. Book 02379 Page 2610, May 16. $640,000 Seven Cats Investments LLC to Ostrowski Peter P, Ostrowski Carol C, Coquina Sands Unit … Continue reading

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Crystal Cathedral Sells Property for $46M in Bankruptcy Exit Plan

The Crystal Cathedral, seeking a way to resolve its debt woes, will sell its church and 40-acre campus for $46 million to an Orange County developer, according to the federal bankruptcy plan filed Friday. Crystal Cathedral Plans to Sell Church … Continue reading

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Scottsdale’s ‘perfect storm’

When it comes to lifestyle destinations, this valley girl sparkles like a diamond in the desert. Celebrating 60 this year, Scottsdale, Ariz., is where the well-heeled live, dine and shop. It is a moneyed enclave with exclusive pockets of real … Continue reading

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Real estate: UT weekly recap, look ahead

U.S. government officials coming to the aid of troubled homeowners in cases tied to robosigning and wrongful foreclosures were the top news items in real estate during the past week. Let’s take you through those talkers and give an idea … Continue reading

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Crystal Cathedral files bankruptcy-exit plan

GARDEN GROVE, Calif. — The Southern California megachurch founded by one of the nation’s pioneering televangelists, the Rev. Robert Schuller, filed a bankruptcy plan Friday that would pull the Crystal Cathedral out of crushing debt by selling its sprawling campus … Continue reading

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Downturn forces many away from the real estate business

FRESNO, California (KFSN) — The real estate downturn forced many people in the industry to switch jobs and the market has been slow to recover. Some well-established realtors have been able to deal with the tough times and stay in … Continue reading

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