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From Hot Property - view blog entries - visit this blogJuly 2, 2008 at 5:32 pm ET
As the housing slump winds on, builders and Realtors are getting very creative in their marketing. We could almost do an awards show about the best promotions. Here are a few of my favorites: Pardee ... ( more)
From Hot Property - view blog entries - visit this blogJuly 2, 2008 at 2:48 pm ET
The next wave of foreclosures is expected to gather strength when the million or so option ARMs start resetting in large numbers next spring. But it seems that many of these loans, which allow borrowers ... ( more)
From Hot Property - view blog entries - visit this blogJuly 1, 2008 at 3:14 pm ET
The most popular adjective in real estate listings is (to amplify on my headline) "great" in Miami; "large" in Dallas, Orange County, Calif., and San Francisco; and "new" in Boston, Chicago, San Jose, St. Louis, ... ( more)
From Hot Property - view blog entries - visit this blogJune 30, 2008 at 5:22 pm ET
When Wachovia bought Golden West Financial two years ago, executives at the Charlotte-based bank gushed about how they could take the “Pick-A-Pay” mortgage that was Golden West’s signature product and expand it to the rest ... ( more)
From Hot Property - view blog entries - visit this blogJune 30, 2008 at 3:48 pm ET
Check out this week's BusinessWeek cover story, The Home Price Abyss: Why the threat of a free fall is growing. I and Mara Der Hovanesian wrote the story with help from a bunch of other ... ( more)
From Hot Property - view blog entries - visit this blogJune 30, 2008 at 3:18 pm ET
Very belated correction: A year ago I pointed out a New York Times article that warned real estate agents against describing an apartment building as "family friendly." The reason, supposedly, was that you might be ... ( more)
From Hot Property - view blog entries - visit this blogJune 27, 2008 at 4:52 pm ET
Is that a swimming pool in front of the Pentagon? Nope. It’s boxer Evander Holyfield’s old Atlanta estate and it has joined the growing list of celebrity homes going into foreclosure. Thanks once again to ... ( more)
From Hot Property - view blog entries - visit this blogJune 26, 2008 at 1:19 pm ET
Good news is a rare treat in this housing market. Today’s National Association of Realtors report is at least mildly positive. It shows that existing home sales rose 2% in May to an annualized pace ... ( more)
From Hot Property - view blog entries - visit this blogJune 24, 2008 at 7:17 pm ET
Harvard University’s Joint Center for Housing Studies came out with its annual snapshot of the housing industry this week and it is bleak. The report, the university’s 20th, calls this the worst housing downturn in ... ( more)
From Hot Property - view blog entries - visit this blogJune 20, 2008 at 3:47 pm ET
It’s been another tough week for Washington Mutual, the nation’s largest and perhaps most troubled thrift. The company announced a major new restructuring called Project Restart. Some 1,200 employees were let go. Offices have been ... ( more)
From Hot Property - view blog entries - visit this blogJune 20, 2008 at 1:33 pm ET
Looking for a gift for that special someone? How about a teddy bear, beach towel or football with the name of a recently-defunct Wall Street brokerage firm printed on it? As Reuters reported, a few ... ( more)
From Hot Property - view blog entries - visit this blogJune 19, 2008 at 12:03 pm ET
The most prominent developers in Los Angeles’ downtown got together this week for the Central City Association’s tenth annual look at the real estate market. Tom Gilmore, who was early in renovating old buildings starting ... ( more)
From Hot Property - view blog entries - visit this blogJune 18, 2008 at 4:05 pm ET
I spoke today with Sierra Stewart to find out how she and her family have made out since I featured them in a 2004 story about whether there was a bubble in the housing market. ... ( more)
From Hot Property - view blog entries - visit this blogJune 17, 2008 at 12:18 pm ET
A new breed of animal has entered the real estate market the Property Shark. The latest results for Southern California from DataQuick Information Services show what’s going on. The media price in May fell a ... ( more)
From Hot Property - view blog entries - visit this blogJune 13, 2008 at 12:17 pm ET
If you’ve been reading Hotproperty's coverage of the foreclosure crisis, you’re not going to be surprised by RealtyTrac’s latest report, which shows that foreclosure filings jumped 7% in May compared to the previous month and ... ( more)
From Hot Property - view blog entries - visit this blogJune 12, 2008 at 4:17 pm ET
It's not every day that we get a CEO answering questions from readers, so when one does I like to give it a little extra attention. That said, here's a comment that was submitted by ... ( more)
From Hot Property - view blog entries - visit this blogJune 10, 2008 at 1:22 pm ET
It’s been a rollercoaster ride these days for Washington Mutual shareholders. Yesterday the stock fell 17% to a 16 year low as UBS analyst Eric E. Wasserstrom predicted losses of over $27 billion by 2011, ... ( more)
From Hot Property - view blog entries - visit this blogJune 9, 2008 at 3:47 pm ET
Copenhagen topped the list of the world's best cities, according to London-based lifestyle magazine Monocle. But what surprised me is that the list, which measures quality of life, didn't include either London or New York ... ( more)
From Hot Property - view blog entries - visit this blogJune 6, 2008 at 1:18 pm ET
The Los Angeles Times had another sad but well reported story about the housing bust hitting home. This time it’s in Temecula, California, one of the those classic ex-urbs full of McMansions that’s located about ... ( more)
From Hot Property - view blog entries - visit this blogJune 4, 2008 at 4:51 pm ET
My hat is off to the folks at the financial industry trade publication Investment News for creating this fascinating and frightening table showing how Americans’ home equity has withered over the decades. The big news ... ( more)
From Hot Property - view blog entries - visit this blogJune 3, 2008 at 10:47 am ET
Brad Pitt isn't the first celebrity to lend his name to help sell a real estate project. But it's not common for movie stars to design five-star luxury hotels. Pitt, who has long had a ... ( more)
From Hot Property - view blog entries - visit this blogJune 2, 2008 at 12:17 pm ET
Reporting a recent story on how Realtors are coping with the housing slump, Ardell DellaLoggio, a broker in Seattle, told me one of the big changes is how much more work it now takes to ... ( more)
From Hot Property - view blog entries - visit this blogMay 28, 2008 at 6:17 pm ET
Barack Obama visited Las Vegas, one of the hardest hit housing markets in the nation, and used it as a backdrop to unveil his fix for the mortgage mess. Obama says he wants to create ... ( more)
From Hot Property - view blog entries - visit this blogMay 27, 2008 at 3:25 pm ET
S&P/Case-Shiller first quarter home price indexes released May 27 should be a reality check for anybody still arguing that the real estate market is bottoming out. The national index showed that prices fell 14.1% from ... ( more)
From Hot Property - view blog entries - visit this blogMay 23, 2008 at 10:17 am ET
The big news in the April existing home price report released today by the National Association of Realtors wasn’t the 8% drop in median home prices or the better-than-expected 1% decline in sales. It was ... ( more)
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