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U.S. Home Price Index Up Month-Over-Month in May, Prices 7.4% Lower than a Year Ago

Thu, 06/30/2011 - 18:00
According to CoreLogic's (NYSE: CLGX) May Home Price Index (HPI), home prices in the U.S. increased on a month-over-month basis. According to the CoreLogic HPI, national home prices, ... Michael Gerrity

Residential Mortgage Rates Remain Flat This Week in U.S.

Thu, 06/30/2011 - 16:33
Based on Freddie Mac's (OTC: FMCC) latest Primary Mortgage Market Survey results (PMMS), fixed mortgage rates held steady amid mixed economic reports and some signs of improvement in the housing market. Michael Gerrity

Q & A with Dottie Herman

Thu, 06/30/2011 - 13:30
Dottie Herman Q1 - My property is currently a short sale. If I have a relative that wants to purchase the home is that still possible? How do I go about this?A - Unfortunately, in a short sale situation the... Dottie Herman

Adieu to a $40 Million Beauty

Thu, 06/30/2011 - 13:00
(LOS ANGELES, CA) -- os Angeles, Ca) - La Belle Vie, the mammoth Bel-Air residence built in 1993 for philanthropist Iris Cantor by her husband, Bernard Gerald Cantor, has sold for $40 million, public records show. The sale is one of the highest this year in Los Angeles County. Lauren Beale

Global Financial Center Cities Office Recovery Occurring at Contrasting Pace, Says CB Richard Ellis

Thu, 06/30/2011 - 12:30
According to a new research report by CB Richard Ellis (CBRE), office markets in the world's three top financial centers -- Hong Kong, London and New York -- have moved at varying speeds in their recovery ... Michael Gerrity

Mortgage Applications Dip 2.7% This Week, Says MBA

Thu, 06/30/2011 - 12:15
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, mortgage applications decreased 2.7 percent from one week earlier. Michael Gerrity

Chevron Pays $340 Million for 1.3-Million-SF Houston Office Building

Thu, 06/30/2011 - 12:00
Five years after purchasing the 1.3 million-square-foot, 50-story 1400 Smith Street office tower, Brookfield Office Properties. (BPO: NYSE, TSX)  sold the Downtown Houston property to its lead tenant, Chevron, for $340 million or $262 per square foot.Toronto-based Brookfield had paid... Alex Finkelstein

China's Strong Foreign Money Flow Challenges Experts' Take on Real Estate Market Health

Thu, 06/30/2011 - 12:00
Is all this talk by international experts about China's bloated real estate market just talk -- and not reality? Business China, an online publication with satellite offices in Guangzhou, Shanghai and Beijing, raises that question ... Alex Finkelstein

Miami Pending Home Sales Upticks Again

Wed, 06/29/2011 - 17:10
(MIAMI, FL) -- The Miami Association of Realtors reported today the total current cumulative pending home sales - including single-family homes and condominiums - in Miami-Dade County increased 15 percent compared to a year ago, ... Michael Gerrity

Loans 90+ Days Delinquent, Loans in Foreclosure Outnumber Foreclosure Sales Fifty to One

Wed, 06/29/2011 - 17:01
According to the May Mortgage Monitor Report by Jacksonville-based Lender Processing Services (NYSE: LPS) shows that the number of mortgages that are 90 or more days delinquent, combined with the foreclosure inventory at the end of May, totaled 4,084,557. Michael Gerrity

Gaylord Plans Multi-Million-Dollar Resort in Denver Suburb

Wed, 06/29/2011 - 15:51
Nashville, TN-based Gaylord Entertainment Co. (NYSE: GET) always does things in a big way.  The company's newest planned project is a multi-million-dollar hotel and conference center in High Point, Co. where its financial partner, LNR Property LLC of Miami Beach,... Alex Finkelstein

Pittsburgh Surfaces as Hot Office Rental Market

Wed, 06/29/2011 - 15:45
Downtown Pittsburgh is hot.  Construction cranes dot the skies. Energy-oriented corporations hunt for office space.  Sales of buildings are moving quickly.  Office rents are among the lowest in the country.All this is happening in a Northeastern U.S. city that lost... Alex Finkelstein

Majorca Gears up for Busy Vacation Season

Wed, 06/29/2011 - 15:22
(PALMA, MAJORCA) -- The gorgeous Spanish Island of Majorca (also known as Mallorca), a popular holiday destination for Brits and Europeans alike lured by the island's charm, sophistication and diversity, is currently gearing up for a jam packed summer on the sea. Scott Kauffman

Pending Home Sales in U.S. Uptick in May, Bodes Well for Second Half of 2011

Wed, 06/29/2011 - 14:00
According to the National Association of Realtors (NAR), pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year. Michael Gerrity

Florida's First Dedicated Inland Port and Integrated Logistics Center Development Announced

Wed, 06/29/2011 - 12:30
(MIAMI, FL) -- Jones Lang LaSalle (JLL) announced this week that it will be the exclusive project advisor to Treasure Coast Intermodal Campus (TCIC) on its more than 4,000 acre site in southwest St. Lucie County, Florida. Michael Gerrity

Realtors Advise Homeowners to Take July 4th Vacation Precautions As Crime Rises in Summer Months

Wed, 06/29/2011 - 12:00
(MIAMI, FL) -- Millions of families across the nation will spend the Fourth of July holiday away from home, basking on beaches, traveling to see relatives or maybe just visiting friends for a backyard barbecue. Michael Gerrity

La Costa Undergoes Major Golf Course Renovation

Tue, 06/28/2011 - 18:00
(CARLSBAD, CA) -- La Costa Resort and Spa, home to one of golf's iconic venues, has renamed its two 18-hole layouts. They are now the Champions Course and Legends Course, in honor of the history and tradition that includes playing host to 37 PGA Tour events, one LPGA event, and the greatest names in golf for more than 40 years. Scott Kauffman

U.S. Home Prices Rise in April, First Time in 8 Months

Tue, 06/28/2011 - 13:11
There was some good news on the U.S. housing front today. According to today's release of the S&P/Case-Shiller Home Price Indices, there was a monthly increase in prices for the 10- and 20-City Composites for the first time in eight months. Michael Gerrity

Resorts World Miami Developer Selects Arquitectonica to Design New $3 Billion South Florida Resort

Tue, 06/28/2011 - 13:00
(MIAMI, FL) -- After considering several world-class architects, Genting Malaysia Berhad ("Genting") has selected Miami, Florida-based Arquitectonica as the Master Plan Architect for Resorts World Miami. Michael Gerrity

Small-Town Retail Center Sold for $39 Million

Tue, 06/28/2011 - 12:15
If good things often come in small packages, then the $39.4 million sale of a 125,000-square-foot retail center in tiny Auburn, WA is a prime example. A subsidiary of a women-owned and operated real estate investment management firm paid $315.20... Alex Finkelstein

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