Low interest rates and an $8,000 tax credit for first time home buyers helped push pending home sales up for the third month in a row, another indication that the decline in the real estate market may be stabilizing, the National Association of Realtors reported on June 2.
The group’s Pending Home Sales Index, a forward [...]
This was the year London’s skyline was supposed to be transformed by the construction of yet more signature skyscrapers. But with funding increasingly hard to come by and fears that demand for office space will continue to drop, many such projects have now been delayed or shelved. Commercial property values fell by 3.5% in January, [...]
Home prices continued to slide last month as foreclosed and other distressed properties drew first time buyers and bargain hunters into the market.
Although prices rose from February to March, the national median existing home price for all housing types was $175,200, down 12.4% from March 2008, the National Association of Realtors (NAR) reported Thursday.
Sales of [...]