Real estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
MSN reports that home prices have dropped by a record amount and illustrates with a chart of historical real estate prices. See “S&P;/Case & Shiller Housing Price Indices”. Real estate property values have trended upward in the range of 2-5% almost every year since World War II, but for the last 3-5 years they have declined. From 2007 to 2008 prices declined as much as 39% per year -though the average decline appears to be lower.
At one time, all real estate brokers and agents, or Realtors, practiced “single agency,” meaning they represented only the buyer or only the seller and generally the seller. In the 1990s, the concept…
Judge Rules Lehman May Match EQR’s Offer for Archstone
In a move that could ultimately give full ownership of Archstone to bankrupt Lehman Brothers Holdings Inc., a judge on Wednesday approved Lehman’s right to match a $1.33 billion offer…