Independent Consulting Firm Finds Stability, Improvements In Housing Market

February 26, 2009

For the second consecutive month, sales and traffic for new homes have improved across the nation, according to a recent survey conducted by John Burns Real Estate Consulting.
The February Home Building Executive Survey was compiled using market ratings—which represented thousands of new home communities—from 236 builder executives.
On a scale from one to 10—one being the [...]

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Australian Brushfires: Facing the Fury in Victoria

February 26, 2009

The devastation is incomprehensible. An unbelievable 750-plus homes destroyed, 350,000 hectares of land consumed, with more than 150 lives lost—a number that is sadly expected to rise. Our thoughts extend to all those who have been affected by hell’s fury.
Donations and pledges have reached $70 million AUD, but much more is needed. There are ways [...]

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No Mortgage Crisis in Canada

February 25, 2009

Although Canada’s banks haven’t dished out risky sub-prime loans and don’t practice some of the questionable trading practices that occurred in the U.S., its real estate market is still slumping, said Pam Alexander, CEO and managing director of North American operations for RE/MAX Ontario-Atlantic Canada Inc. and the Integra Enterprises Corporation.
Alexander was speaking in January [...]

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Declining Prices Spark Huge Gains in Sales

February 23, 2009

Southern California saw its median housing price fall 40 percent in January to $250,000, spurring a 52.5 percent increase in sales of new and previously owned houses and condominiums, according to MDA DataQuick.
The six-county area includes Los Angeles County, where the median sales price dropped to $300,000, its lowest point since April 2003; however, sales [...]

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Michael Vick's Duluth Home to Hit Auction Block

February 18, 2009

Attention football fans—It’s first and goal for a chance to place a bid on the suburban Atlanta home of Atlanta Falcons quarterback, Michael Vick. The home is expected to hit the auction block on March 10th. Previously listed at $4.5 million, the residence will now start with opening bid of $3.2 million. The auction will be [...]

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Desperate Times Call For Not-So-Desperate Measures

February 18, 2009

In today’s uncertain economy, a growing number of home sellers are turning to auctions. Many people might consider this selling tactic a desperate move, but when the auction is monitored by the nation’s top-selling real estate group, desperate might be the last word that comes to mind.
Known throughout the worldwide luxury real estate arena for [...]

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Down Economy Isn't Hindering The Watermark on Hudson

February 17, 2009

The Watermark on Hudson—a WCI Communities, Inc., development—is defined by luxury, uniqueness and location and is not a victim of the down economy.
Located just beyond New York City limits, The Watermark on Hudson is positioned on the Gold Coast in North Bergen, N.J. From the 12-story tower residence one will enjoy New York skyline views [...]

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Earth-Minded Awards Now Accepting Entries

February 13, 2009

Interior designers, architects and manufacturers are invited to submit their applications for the second annual Earth-Minded Awards. Created by The American Society of Interior Designers and Hospitality Design magazine, the Earth-Minded Awards recognize sustainable design projects and products that are aesthetically pleasing, environmentally innovative, promote sustainability, incorporate recycling and waste management and integrate efficiency.
This year’s [...]

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Laufen—not your grandmother's bathroom.

February 11, 2009

Organically shaped bathroom furnishings that look as though they’ve been naturally sculpted and boast precision, high quality, and design, are just a few features of Laufen’s elite collection of designer bathroom offerings.
The Swiss bathroom manufacturer is the first ceramic bathroom product manufacturer in Switzerland, and boasts collections conceptualized by renowned designers and architects.
The Palomba Collection, [...]

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Decline Continues: Bottom in Sight?

February 10, 2009

The Home Price Index for December was released by the Integrated Asset Services, LLC (IAS). The index reflects a 13.8% decline in house prices for 2008 and an overall decline of 19.1% since the market’s peak at the tail-end of 2006.
The report also notes 10 counties hit the hardest during the national decline, showing that [...]

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