This article is about a bunch of condos, shops, restaurants, and offices supposed to be built in Boca. The city is now thinking about delaying the projects because of the real estate slump. The developers have asked for a one year extension on the project. Building all of these buildings would hurt alot of people if they couldn't find people to occupy the buildings.
I think that the real estate business is so bad because the cost of living everywhere is going up. It is going to be hard to build alot of buldings because there is that good chance that they will not be purchased.
2008 has started off extremely slow for Sacramento, CA area home builders. Sales from the first quarter of 2008 are hitting rock bottom at 1,304 new homes sold thus far in the region. Construction owner, Greg Paquin, sees a good sign though in that the 33 month free fall of sales seems to be nearing the bottom. After this, sales should begin to rebound. As of now though, with the credit crunch in full swing, buyers of homes new and old receive nearly $10,000 as an incentive. Prices and sales look to rebound soon though according to Paquin and with it, a reduction or elimination of benefits.
I believe that it is good for consumers but terrible overall that a company must pay a buyer $10,000 in incentives just to buy a home. The credit crunch must be truly terrible if companies in this properous of an area are effected in the way they are. If consumers are looking for a deal though, they should look to buy in the next few months to year.
Due to a radical population decrease over the past 40 years, Youngstown, Ohio is proposing a drastic move. The city is tearing down abandoned buildings and blighted streets, and converting entire blocks into green spaces. The plan has resulted in about 1,000 structures being demolished.
I think this article is just another sad example of how America's housing market has come upon awful times. Seeing towns like Youngstown essentially self imploding is a worrisome event. I can't imagine Reading tearing down all the abandoned buildings just to create green space.
http://blogs.wsj.com/developments/2008/04/02/foreclosure-fallout-squeezes-rental-market-in-denver/?mod=WSJBlog This article is about all the foreclosures in the Denver area. In some parts of the area one third of the residents have lost their houses to foreclosures. It is predicted that in the next few months 11,ooo foreclosures will occur in the Denver area. This is not a good sign for anyone who is a house owner. This is a scary situation for anyone to be in and you just hope the government can help these people out in anyway possible.
This article is about repercussions of the housing market slump. There are housing developments that are only half filled if not less. Building companies have gone bankrupt and thus vacant lots sit all over the place. People do not want to buy houses in a bankrupt neighborhood.
I think this is a shame. This housing slump and our poor economy are really becoming a strain on middle class Americans. They can't buy houses because builders are bankrupt. Hopefully our economy will bounce back and the housing market will return to normal.
There has been a worldwide change in the real estate market over the past ten years. Not only is the United States faltering, but nations around the world are expecting even more of a decrease in sales. It is believed that the American contagion is the cause of this downfall. Credit scores are on average down and the amount of mortage defaults has been rising. Experts think that these reprecussions in the U.S. are going to continue in the 2009 year. I think that our economy is just altogether collapsing. Internally our expenses are being spent poorly. Extra money needs to be saved and focused on our own industries. The housing market will continue to escalate like every other industry today.
This article is about how the housing market is getting worse and worse. It talks about in one development where the builder went bankrupt and left open foundations. He left a lot of homes unfinished. This has invited outsiders to come in and dumb trash, spray graffiti and have drag races there.
I can't believe the government can't solve the problem that we have right now with the failing housing market.
Summary: The number of houses on the market, for instance, has increased almost six times since 2006, giving buyers the upper hand. Houses are lingering on the market far longer than they did two or three years ago. The multiple offers and bidding wars common among prospective buyers as recently as 2005 have been replaced by sellers trimming asking prices 10 percent and more to keep buyers from shopping elsewhere.
Opinion: I think people have more options now in choosing a house. There are so many on the market you can get one that fits you prefectly. It's also gotten more competitive so it's hard to get the house you want.
this article is about the rapid changes in the real estate market. Silicon valley is suffering because their prices are dropping 20% since last year, but the northwest in general is at/near a record high for housing. It talks about the housing prices are going down compared to last year. My opinion is that the prices will never go down to what they were when i was young. Housing is ridiculous and so is renting apartments.
at one neighborhood on the outskirts of Denver that’s in foreclosure meltdown. “On some blocks, as many as one-third of residents have lost their homes, making this one of the worst hot spots in a city that was among the first to feel the pinch of the foreclosure crisis,” said Brad Heath and Charisse Jones.The story says that 11,000 foreclosures are expected in Denver this year, up from 7,700 in 2007. I think that it really sucks for home owners in this area hopefully there get a profit of some sort from the state to get a new house or something.
What could stop your house from selling? The article talks about things that may prevent a house from being sold. Most of the things it was refering to was the condition of the outside of the house. The specific hosue they were talking about had bushes and shrubs that were over grown and nothing looked good on the outside of the hosue. Curb apeal is one of the most important things taken into consideration when people buy a house. I think this article is totally corret in the statements it has just made. i know if i was looking for a house I would taking into consideration of what the outside looked like. Im pretty sure i wouldnt look into that aspect as much especially because I know I could change those things in the matter of a year. A new home owner could probablly trim back all the over grown bushes and plant new things.
On Wednesday, the House of Representatives approved a bill proposing tax breaks to tackle the United State's housing market crisis. The committee is proposing a tax credit of up to $7,500 to first time buyers. The credit must be repaid to the government over 15 years. This bill eases restrictions on real estate investment trusts and make other technical changes on municipal bonds.
I think that it is a good idea for the House to propose this idea, especially to first time house buyers. It is a very hard time to buy a house right now because of how badly the economy is doing and it is nice to know that the government is kind of giving these people a break, even though they have to pay it back in the next 15 years.
Canada's strong oil economy and real estate appreciation has increased its citizens's discretionary income. The buying power of their dollar has prompted them to buy second homes and investment purchases in Hawaii. Japanese buyers are still the top luxury purchasers in Hawaii's high-end market, but prosperous Canadians are not far behind and real estate experts say that, in some parts of Maui, Kauai and the Big Island, they now dominate the international sales sector.
I'm glad some countries economies are doing well. Personally, I'd love to buy a second house in Hawaii. Heck, I'd even buy my first house in Hawaii. Maybe I should become Canadian. Free healthcare and lots of money. Both big pluses.
14 comments:
Alex K.
http://www.sun-sentinel.com/news/local/palmbeach/sfl-flpstalled0413pnapr13,0,6627506.story
This article is about a bunch of condos, shops, restaurants, and offices supposed to be built in Boca. The city is now thinking about delaying the projects because of the real estate slump. The developers have asked for a one year extension on the project. Building all of these buildings would hurt alot of people if they couldn't find people to occupy the buildings.
I think that the real estate business is so bad because the cost of living everywhere is going up. It is going to be hard to build alot of buldings because there is that good chance that they will not be purchased.
James Hampson
http://www.sacbee.com/103/story/855844.html
2008 has started off extremely slow for Sacramento, CA area home builders. Sales from the first quarter of 2008 are hitting rock bottom at 1,304 new homes sold thus far in the region. Construction owner, Greg Paquin, sees a good sign though in that the 33 month free fall of sales seems to be nearing the bottom. After this, sales should begin to rebound. As of now though, with the credit crunch in full swing, buyers of homes new and old receive nearly $10,000 as an incentive. Prices and sales look to rebound soon though according to Paquin and with it, a reduction or elimination of benefits.
I believe that it is good for consumers but terrible overall that a company must pay a buyer $10,000 in incentives just to buy a home. The credit crunch must be truly terrible if companies in this properous of an area are effected in the way they are. If consumers are looking for a deal though, they should look to buy in the next few months to year.
http://money.cnn.com/2008/04/08/real_estate/radical_city_plan/index.htm?postversion=2008041404
Due to a radical population decrease over the past 40 years, Youngstown, Ohio is proposing a drastic move. The city is tearing down abandoned buildings and blighted streets, and converting entire blocks into green spaces. The plan has resulted in about 1,000 structures being demolished.
I think this article is just another sad example of how America's housing market has come upon awful times. Seeing towns like Youngstown essentially self imploding is a worrisome event. I can't imagine Reading tearing down all the abandoned buildings just to create green space.
http://blogs.wsj.com/developments/2008/04/02/foreclosure-fallout-squeezes-rental-market-in-denver/?mod=WSJBlog
This article is about all the foreclosures in the Denver area. In some parts of the area one third of the residents have lost their houses to foreclosures. It is predicted that in the next few months 11,ooo foreclosures will occur in the Denver area.
This is not a good sign for anyone who is a house owner. This is a scary situation for anyone to be in and you just hope the government can help these people out in anyway possible.
http://www.iht.com/articles/ap/2008/04/14/america/Uneasy-Economy-Marooned-Homeowners.php
This article is about repercussions of the housing market slump. There are housing developments that are only half filled if not less. Building companies have gone bankrupt and thus vacant lots sit all over the place. People do not want to buy houses in a bankrupt neighborhood.
I think this is a shame. This housing slump and our poor economy are really becoming a strain on middle class Americans. They can't buy houses because builders are bankrupt. Hopefully our economy will bounce back and the housing market will return to normal.
http://www.heraldtribune.com/article/20080414/NEWS/804140454/0/APA
There has been a worldwide change in the real estate market over the past ten years. Not only is the United States faltering, but nations around the world are expecting even more of a decrease in sales. It is believed that the American contagion is the cause of this downfall. Credit scores are on average down and the amount of mortage defaults has been rising. Experts think that these reprecussions in the U.S. are going to continue in the 2009 year.
I think that our economy is just altogether collapsing. Internally our expenses are being spent poorly. Extra money needs to be saved and focused on our own industries. The housing market will continue to escalate like every other industry today.
http://www.iht.com/articles/ap/2008/04/14/america/Uneasy-Economy-Marooned-Homeowners.php
This article is about how the housing market is getting worse and worse. It talks about in one development where the builder went bankrupt and left open foundations. He left a lot of homes unfinished. This has invited outsiders to come in and dumb trash, spray graffiti and have drag races there.
I can't believe the government can't solve the problem that we have right now with the failing housing market.
http://www.oregonlive.com/metrosouthwest/oregonian/index.ssf?/base/metro_southwest_news/1207340712206010.xml&coll=7
Summary: The number of houses on the market, for instance, has increased almost six times since 2006, giving buyers the upper hand. Houses are lingering on the market far longer than they did two or three years ago. The multiple offers and bidding wars common among prospective buyers as recently as 2005 have been replaced by sellers trimming asking prices 10 percent and more to keep buyers from shopping elsewhere.
Opinion: I think people have more options now in choosing a house. There are so many on the market you can get one that fits you prefectly. It's also gotten more competitive so it's hard to get the house you want.
http://realtytimes.com/rtpages/20080414_wildwildwest.htm
this article is about the rapid changes in the real estate market. Silicon valley is suffering because their prices are dropping 20% since last year, but the northwest in general is at/near a record high for housing. It talks about the housing prices are going down compared to last year.
My opinion is that the prices will never go down to what they were when i was young. Housing is ridiculous and so is renting apartments.
http://blogs.wsj.com/developments/2008/04/02/foreclosure-fallout-squeezes-rental-market-in-denver/?mod=WSJBlog
at one neighborhood on the outskirts of Denver that’s in foreclosure meltdown. “On some blocks, as many as one-third of residents have lost their homes, making this one of the worst hot spots in a city that was among the first to feel the pinch of the foreclosure crisis,” said Brad Heath and Charisse Jones.The story says that 11,000 foreclosures are expected in Denver this year, up from 7,700 in 2007.
I think that it really sucks for home owners in this area hopefully there get a profit of some sort from the state to get a new house or something.
http://www.cnn.com/2008/LIVING/homestyle/04/10/curb.appeal/index.html?iref=newssearch
What could stop your house from selling? The article talks about things that may prevent a house from being sold. Most of the things it was refering to was the condition of the outside of the house. The specific hosue they were talking about had bushes and shrubs that were over grown and nothing looked good on the outside of the hosue. Curb apeal is one of the most important things taken into consideration when people buy a house.
I think this article is totally corret in the statements it has just made. i know if i was looking for a house I would taking into consideration of what the outside looked like. Im pretty sure i wouldnt look into that aspect as much especially because I know I could change those things in the matter of a year. A new home owner could probablly trim back all the over grown bushes and plant new things.
http://www.gowealthy.com/gowealthy/wcms/en/home/articles/travel/real-estate/Dubai-Property-Law-2006-Law-No-1196338548427.html
it talks about how in 2001 the Dubai government allowed foreign investors to buy a lease for a property for up to 99 years.
I think its weird that anyone would lease a property for 99 years.
http://www.reuters.com/article/topNews/idUSWAT00930020080409?feedType=RSS&feedName=topNews&rpc=22&sp=true&ref=patrick.net
On Wednesday, the House of Representatives approved a bill proposing tax breaks to tackle the United State's housing market crisis. The committee is proposing a tax credit of up to $7,500 to first time buyers. The credit must be repaid to the government over 15 years. This bill eases restrictions on real estate investment trusts and make other technical changes on municipal bonds.
I think that it is a good idea for the House to propose this idea, especially to first time house buyers. It is a very hard time to buy a house right now because of how badly the economy is doing and it is nice to know that the government is kind of giving these people a break, even though they have to pay it back in the next 15 years.
http://www.iht.com/articles/2008/05/15/properties/recan.php
Canada's strong oil economy and real estate appreciation has increased its citizens's discretionary income. The buying power of their dollar has prompted them to buy second homes and investment purchases in Hawaii. Japanese buyers are still the top luxury purchasers in Hawaii's high-end market, but prosperous Canadians are not far behind and real estate experts say that, in some parts of Maui, Kauai and the Big Island, they now dominate the international sales sector.
I'm glad some countries economies are doing well. Personally, I'd love to buy a second house in Hawaii. Heck, I'd even buy my first house in Hawaii. Maybe I should become Canadian. Free healthcare and lots of money. Both big pluses.
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