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According to a recent report, home prices across the country edged lower in October, while the number of foreclosures filed in December dropped to the lowest level recorded since 2007. The most recent Home Price Index from Lender Processing Services showed that home prices in October rose by 0.8 percent on a month-over-month basis. In … Read more
The outer-boroughs of New York City recorded the best housing market performance during the fourth quarter of 2011, The Wall Street Journal reports. According to the newspaper, despite a decline in home sales all across the Big Apple during the quarter, the median price of homes in the Bronx and Brooklyn edged higher as prices … Read more
Recent reports indicate that the prices of homes for sale in Las Vegas become more affordable during the final two months of 2011. According to CoreLogic, home prices in Las Vegas were down 10.8 percent in November on a year-over-year basis as Nevada led the nation in home value depreciation at 11.2 percent. "Distressed sales … Read more
The greatest number of existing homes for sale in Las Vegas were sold in 2011 than in any other year, the Greater Las Vegas Association of Realtors reports. According to the report, 48,186 properties were sold throughout the city in 2011. This includes 38,153 single-family homes and 10,033 townhouses and condominiums. The previous sales record … Read more
According to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was … Read more
The December inventory of homes for sale in Washington, D.C., was at the lowest level since 2005, Metropolitan Regional Information Systems reports. According to MRIS, the capital's inventory fell to just 10,684 available listings in December, the lowest since August 2005. In addition, new listings added during the month decreased by 17.6 percent to 2,712 … Read more
Washington, D.C., continued to have one of the best-performing housing markets in the nation, according to a recent report from Clear Capital. The report indicated that national home prices fell by 2.1 percent throughout the course of 2011. However, the median price of homes for sale in Washington, D.C., climbed by 3.5 percent in December … Read more
As is my policy, the one Dad and the rest of my ‘Bully Mentors’ drilled into me, I don’t allow myself a bold statement if I can’t back it up with a specific, empirical, richly detailed explanation. In fact, I say that to callers all the time. “Don’t let me get away with that garbage! … Read more
Private-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is expected to close in June 2012, is valued at $1.43 … Read more
While on the surface, it may seem like a simple corporate name change, Grubb & Ellis Healthcare REIT II’s successful transition to Griffin-American Healthcare REIT II has spawned a host of changes, including several high profile defections and a shake up in capital market activities at several nontraded REITs. Griffin-American Healthcare REIT II this week … Read more