First Segment of $925M Mohegan Sun Casino Expansion Wraps Up
August 26th, 2008 — News
Urban Wind Power: Just a Lot of Air?
August 26th, 2008 — News
The good and bad in the latest housing report
August 25th, 2008 — News
First the good news.
Home sales in July jumped by 3.1%, the highest level in five months, the inventory of unsold single-family homes declined slightly, and home prices in the Midwest climbed 1% compared to a year ago.
But the National Association of Realtors July report released Monday also has plenty in it to worry about.
Single-family home prices fell 7.7% compared to a year ago when the credit crunch was just beginning. In the west, prices fell 22% compared to a year ago, though sales during the same period were up 0.9% on a seasonally adjusted basis (Sales are increasing because first-time home buyers and investors have been jumping on foreclosures and other bargains).
We're a long way from recovery, I'm afraid. Interest rates are creeping up and the foreclosure crisis isn't letting up in California, Florida, Nevada, and Arizona. And even in the relatively strong Northeast market, Connecticut, Massachusetts, abd Rhode Island are in tough shape and could weaken further when homeowners get their winter energy bills.
It could be a while before we see a really positive home-sale report.
Existing home sales rise, but prices still sinking
August 25th, 2008 — News
Housing: Frank talk from Barney Frank
August 25th, 2008 — News
$30M Refi Deal Closes for San Diego Retail Center
August 22nd, 2008 — News
Fannie, Freddie: Plunge then rebound
August 21st, 2008 — News
IndyMac borrowers to get relief
August 21st, 2008 — News
Pacific Office Properties Nabs $195M Portfolio
August 21st, 2008 — News
ROEL Completes Agua Caliente Casino Resort Spa Construction
August 21st, 2008 — News