Real Estate Today

Miami area real estate values up 11 percent in 2012

Miami area real estate values up 11 percent in 2012News from MiamiHerald.com:
Single-family home prices in the Greater Miami area rose 11.2 percent in January from a year earlier, while home prices across Florida rose 9.7 percent year over year, according to CoreLogic.
Prices were up 1 percent in January from December in the Miami-Miami Beach-Kendall area, the Irvine, Calif.-based real estate data firm said. Excluding distressed sales, Miami home prices rose 13.2 percent year over year and jumped 3.7 percent in January from December, CoreLogic said.
U.S. home prices rose 9.7 percent in January from a […] Continue Reading…

Is Commercial Real Estate Due for a Rebound?

Is Commercial Real Estate Due for a Rebound?News from Fox Business:
This transcript is automatically generated
Residential isn’t the only sector on the mend don’t overlook commercial says Bob gray co managing principal of — cat management and he joins me now on set.
— so ask you button first of all welcome thank you is this trend and national want her we still we’re talking Kumar.
Some real estate are we are we still talking pockets of the country.
It is pockets of the country commercial real state has started to recover and always follows residential you see […] Continue Reading…

In Sandy-hit New Jersey, a real estate comeback

In Sandy-hit New Jersey, a real estate comebackNews from CBS News:
(CBS News) LONG BEACH ISLAND, N.J. – Comeback is a word a lot of real estate agents are using on the Jersey Shore unexpectedly, but very happily. Even though towns on the mid-Atlantic coast have yet to clean up from superstorm Sandy, that’s not slowing down a certain breed of homebuyer.
Rafi Gardee is house shopping on Long Beach Island, New Jersey. Superstorm Sandy battered the slender barrier island so badly that it was closed off for two weeks. Nearly four months later, the southern […] Continue Reading…

Students vie in real estate competition

Students vie in real estate competitionNews from Kansas City Star:
Move over, Harvard and Yale. A team pulled from an unusual collaboration of three regional universities is vying for a $ 50,000 prize in a premier national real estate competition sponsored by the Urban Land Institute.

The five graduate students from the University of Missouri-Kansas City, Kansas State University and the University of Kansas are among four teams picked as finalists in the annual ULI Gerald D. Hines Student Urban Design Competition.
The other finalists are from Harvard University, Yale University and a joint team from […] Continue Reading…

EU Commission clears $24bn state guarantee for ailing French real estate bank

EU Commission clears $ 24bn state guarantee for ailing French real estate bankNews from Fox News:

Published February 21, 2013
Associated Press

BRUSSELS –  The European Union has approved state guarantees worth €18 billion ($ 24 billion) for an ailing French real estate bank on condition Paris presents a plan to restructure or close it within six months.
The EU Commission’s anti-trust regulator said Thursday the guarantee for Credit Immobilier de France is necessary to avoid major disruption in the French banking system as a whole.
It said the state guarantee is necessary to cover the real […] Continue Reading…

House Hunting in … Canada

House Hunting in … CanadaNews from New York Times:
Martin Tessler for The New York Times
A two-bedroom corner apartment on the 12th floor of this West Vancouver high-rise is on the market for $ 1,587,000 (1,598,000 Canadian dollars). More Photos »

TWO-BEDROOM WITH OCEAN VIEWS I…………… continues on New York Times
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What You Get for … $ 700000News from New York Times:
WHAT: A three-bedroom house with three bathrooms
HOW MUCH: $ 710,000
SIZE: 2,261 square feet
PRICE PER SQUARE FOOT: $ 314.02
SETTING: This 1890s cottage […] Continue Reading…

Philadelphia real estate agents nervously await the effect of new property …

Philadelphia real estate agents nervously await the effect of new property …News from Philadelphia Inquirer:

Harold Brubaker, Inquirer Staff Writer

Posted: Wednesday, February 20, 2013, 3:01 AM

Every additional $ 1,000 in annual property taxes reduces the amount a buyer can pay for a house by about $ 18,500 at current interest rates, according to an industry rule of thumb, Noah Ostroff an agent with Coldwell Banker Preferred, said Tuesday.
Ostroff and others in the real estate business hope the property-tax reform, which is designed to base taxes on actual market values, does not […] Continue Reading…

Ilitch real estate executive plucked by Dan Gilbert’s firm in Detroit

Ilitch real estate executive plucked by Dan Gilbert’s firm in DetroitNews from MLive.com:
The skyline of the city of Detroit AP File Photo  
DETROIT, MI – Eric Larson, a top executive with the Ilitch family’s Olympia Development of Michigan real estate firm, has left that company to become co-managing partner of Dan Gilbert’s Bedrock Real Estate Services.
Larson was non-executive president of real estate at the company owned by Michael and Marian Ilitch. At Bedrock, he will co-manage the real estate development firm of Quicken Loans founder Dan Gilbert with James Ketai, the firm’s founder […] Continue Reading…

Dombret: Must Keep Eye on Domestic Real Estate Market

Dombret: Must Keep Eye on Domestic Real Estate MarketNews from Fox Business:
An executive board member of the Deutsche Bundesbank said Monday that although there aren’t any signs of a domestic housing bubble in residential real estate yet, regulators and supervisors must watch the market closely.
In a speech to be delivered in Hamburg and provided in advance by the Bundesbank, Andreas Dombret, the board member responsible for financial stability said that despite price rises last year of over 8% for residential real estate in Germany’s seven largest cities, concerns that prices in the market would […] Continue Reading…

Real estate offices add mortgage, specialized services in new market

Real estate offices add mortgage, specialized services in new marketNews from The Journal News | LoHud.com:
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Barry Tompkins: In real […] Continue Reading…