Tag Archives: Slump

US home prices fall 2.6% in March, S&P/Case-Shiller index shows

Home prices ended the first quarter at their lowest point since the U.S. housing crisis began, a closely followed index of home values showed, but analysts found indications of growing stability in the turbulent housing market. Home prices in 20 … Continue reading

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Stunned Home Buyers Find the Bidding Wars Are Back

By NICK TIMIRAOS Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street Journal. A new development … Continue reading

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Southern California home sales, prices fell in December

Real estate investors made up a record chunk of Southern California’s housing market in December, but their presence was not enough to curb a sales slump. With the heavy presence of speculators, low-cost homes reigned. That helped push the region’s … Continue reading

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US Farmers Reclaim Land From Developers

BY ROBBIE WHELAN Five years into a brutal national housing downturn, raw land destined for residential development has fallen so far in value that thousands of acres across the country are being used again for agriculture. During the fast-moving days … Continue reading

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Southern California home sales rose in August but prices declined

Southern California’s housing market showed some signs of life in August, with sales increasing (though that was mostly because of the calendar), but prices continued to fall.  Sales were up 8.6% from the month before and 6.0% from August 2010 … Continue reading

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CA Gov. Steps in on Key Solar Project

Six Questions for Cushman Wakefield’s Tara Stacom NEW YORK CITY-The Cushman Wakefield vice chairman, fresh off the Conde Nast lease signing, talks about the changing leasing landscape in the building, Downtown and in New York City in general. Six Questions … Continue reading

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Catholic diocese offers to buy Crystal Cathedral

GARDEN GROVE, Calif. — A Roman Catholic diocese made a $50 million cash offer to buy Southern California’s financially struggling Crystal Cathedral, officials said Friday. The Diocese of Orange said its proposal could pull the megachurch, which was founded more … Continue reading

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Real Estate Outlook: Legislation and Interest Rates

Existing-home sales defied the slump in the first quarter of 2011. The National Association of Realtors (NAR) reports that gains were recorded in 49 states as well as the District of Columbia. The pace of existing-home sales rose 8.3 percent, … Continue reading

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Buyers shy away from acquiring dream homes as values shrink

HomePolitics and policy Politics and policy Share Bookmark Print Email Rating The driveway of a palatial home. Home buyers stand to lose upto 15 per cent of the value if the current slump continues. Photo/FILE  Victoria Pauli signed a one-year … Continue reading

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