|  | | | Real Estate:Residential headlines from the week of May 12, 2008 |
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| | Wed, 14 May 2008 21:58:18 GMT | | | Fewer homes are on the market and home-lookers are starting make offers, helping the battered housing market rebound slightly last month in the Sacramento region, according to a report released Wednesday.
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| | Wed, 14 May 2008 19:38:56 GMT | | | The East St. Louis Housing Authority will unveil a $1.5 million, 10-unit senior housing development at Phoenix Court on Thursday morning.
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| | Wed, 14 May 2008 19:18:29 GMT | | | The Pittsburgh region's home sale activity continued to slow in April and median home prices dipped for the second time since 2005.
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| | Wed, 14 May 2008 18:56:25 GMT | | | Traffic delays along several of the Bay Area's most congested freeway corridors was up in 2007 as hours wasted in the car kept pace with job growth, according to a report released Wednesday.
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| | Wed, 14 May 2008 18:35:20 GMT | | | Toll Brothers Inc. continued to wade through a tough housing market in its fiscal second quarter as preliminary revenue fell 30 percent. (TOL)
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| | Wed, 14 May 2008 17:20:46 GMT | | | As the flood of foreclosures nationwide hit record volume in April, Ohio's foreclosure pace for the month nudged up, RealtyTrac Inc. reported Wednesday.
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| | Wed, 14 May 2008 15:46:03 GMT | | | Atlanta real estate law firm Morris|Hardwick|Schneider has acquired Kalish & Associates P.C. of Newnan, Ga.
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| | Wed, 14 May 2008 13:41:07 GMT | | | Freddie Mac reported its fourth loss in six quarters on Wednesday and said it would raise $5.5 billion in new capital. (FRE)
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| | Wed, 14 May 2008 13:39:59 GMT | | | Kansas City's apartment market is benefiting from single-family housing's downturn, a new survey finds.
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| | Wed, 14 May 2008 00:02:12 GMT | | | The final phase of an affordable rental project on Kauai broke ground on Tuesday.
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| | Tue, 13 May 2008 22:44:34 GMT | | | The Sacramento City Council on Tuesday voted to approve $2.2 million in transportation improvement funding for North 7th Street.
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| | Tue, 13 May 2008 20:58:10 GMT | | | Forbes.com has included Raleigh on its list of 10 recession-proof cities in the United States.
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| | Tue, 13 May 2008 20:14:40 GMT | | | Forbes.com has included Charlotte on its list of 10 recession-proof cities in the United States.
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| | Tue, 13 May 2008 20:10:08 GMT | | | The median price for existing single-family homes in the Denver area is down by 6.6 percent in the first quarter, the National Association of Realtors said Tuesday.
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| | Tue, 13 May 2008 19:41:36 GMT | | | The first phase of a $540 million residential project in south Alabama that Birmingham's Daniel Corp. and Retirement Systems of Alabama partnered on is now complete.
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| | Tue, 13 May 2008 19:12:01 GMT | | | The number of foreclosed homes sold in April at auction exceeded 1,000 properties a day for the first time in California history.
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| | Tue, 13 May 2008 18:57:28 GMT | | | San Francisco Fed President Janet Yellen said Tuesday rising prices have most likely peaked and will probably begin heading downward.
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| | Tue, 13 May 2008 18:57:23 GMT | | | An FSBO.com poll has found that Memphis is one of four cities that are experiencing a rise in consumer confidence, where residents consider their local home selling climate better than the national picture.
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| | Tue, 13 May 2008 18:55:54 GMT | | | Median home prices fell 6.1 percent in the Cincinnati metro area during the first quarter, compared with first-quarter 2007, the National Association of Realtors reported Tuesday.
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| | Tue, 13 May 2008 18:49:36 GMT | | | Existing condominium sales in the Tampa Bay region could be stabilizing, according to a new report released by the Florida Association of Realtors.
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| | Tue, 13 May 2008 18:44:36 GMT | | | Albany-Schenectady-Troy was one of 100 metropolitan statistical areas in the U.S. where median prices on existing homes declined in the first quarter of 2008, according to the National Association of Realtors.
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| | Tue, 13 May 2008 18:21:16 GMT | | | Sales of existing single-family homes and condominiums in Northeast Florida dropped another 36 percent and 40 percent, respectively, in the first quarter, according to the Florida Association of Realtors.
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| | Tue, 13 May 2008 18:12:52 GMT | | | Existing single-family home and condominium sales were down across South Florida in the first quarter, with Miami seeing a 50 percent drop, the Florida Association of Realtors said.
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| | Tue, 13 May 2008 17:32:31 GMT | | | Two RE/MAX real estate offices are joining forces.
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| | Tue, 13 May 2008 17:29:00 GMT | | | Louisville-area home prices slipped more than 1 percent in the first three months of 2008, compared with a year ago, according to the National Association of Realtors.
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| | Tue, 13 May 2008 17:09:28 GMT | | | For the first time in nearly three years, home sales around the Valley have shown year-over-year improvement.
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| | Tue, 13 May 2008 16:33:11 GMT | | | The median home selling price in the state of Wisconsin dropped 3.8 percent in the first quarter of 2008 as declining numbers of home sales and bad weather conspired to drive down prices.
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| | Tue, 13 May 2008 16:30:06 GMT | | | The Colorado securities commissioner has ordered a Colorado real estate residential development company and its manager to stop selling unregistered securities, officials said Tuesday.
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| | Tue, 13 May 2008 16:00:11 GMT | | | Apartments are hard to come by in the Denver area, especially in downtown Denver, according to a report released Tuesday.
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| | Tue, 13 May 2008 15:34:57 GMT | | | Homebuyers are returning to at least one county in the Washington area's housing market.
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| | Tue, 13 May 2008 15:32:20 GMT | | | Single-family home prices are dropping at record levels, and the Phoenix area is getting hit harder than most.
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| | Tue, 13 May 2008 13:38:26 GMT | | | Mandel Group said Monday that construction of the First Place condominium development is nearly complete, confirming its involvement in the project as the new developer.
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| | Tue, 13 May 2008 13:05:10 GMT | | | Beazer Homes USA Inc., which is under criminal and civil investigations for its lending practices, has restated several years of earnings and posted a $411 million loss for 2007. (BZH)
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| | Tue, 13 May 2008 12:44:06 GMT | | | Roost.com on Tuesday announced it has added information on homes for sale in the Orlando and Tampa markets.
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| | Mon, 12 May 2008 22:28:47 GMT | | | Beazer Homes USA Inc., which is under criminal and civil investigations for its lending practices, has restated several years of earnings and posted a $411 million loss for 2007. (BZH)
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| | Mon, 12 May 2008 19:55:24 GMT | | | Two condo projects slated for downtown Minneapolis have met their end.
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| | Mon, 12 May 2008 19:54:50 GMT | | | Home sales in the Milwaukee market continued to decline in April at a hefty pace, but the decline in for-sale listings slowed during the month, according to housing statistics released by the Multiple Listing Service.
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| | Mon, 12 May 2008 18:52:37 GMT | | | IndyMac Bancorp Inc. posted a first-quarter loss on Monday, with a message from Chairman and CEO Michael Perry that the company won't return to profitability until "the current decline in home prices decelerates." (IMB)
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| | Mon, 12 May 2008 18:46:03 GMT | | | The Sacramento Bee business editor Cathie Anderson has been named the paper's features editor, according to an e-mail memo addressed to the newsroom staff from managing editor Tom Negrete.
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| | Mon, 12 May 2008 18:34:05 GMT | | | Sacramento land use attorney John Hodgson has formed a partnership with commercial and residential development firm Towne Development, of Milwaukee, Wis., and Towne's affiliated manager of commercial property, Towne Consulting LLC.
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| | Mon, 12 May 2008 16:12:58 GMT | | | The Orlando area saw a small increase in month-to-month existing home sales, but still lower sales than a year ago, according to the Orlando Regional Realtor Association's April report.
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| | Mon, 12 May 2008 15:29:51 GMT | | | Orleans Homebuilders Inc. reported a 15 percent drop in revenue, a dramatic cut in the number of new orders, and higher losses for its fiscal third quarter, reflecting the downturn in the housing market.
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| | Mon, 12 May 2008 14:28:40 GMT | | | Atlanta Equity Investors LLC has invested an undisclosed amount into Atlanta-based NRI Construction Inc., a contractor focused on the apartment market.
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| | Mon, 12 May 2008 12:30:18 GMT | | | The Kinderhook Group, an independent, full-service real estate sales company in Chatham, N.Y., has a new owner.
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| | Mon, 12 May 2008 04:00:00 GMT | | | For Sarah Lolley and her husband, Patrick Filip, a physician at UPMC Mercy, green living meant a $500,000 riverfront townhouse with a roof deck.
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| | Mon, 12 May 2008 04:00:00 GMT | | | SWAN Development Group LLC has launched The Villas at Fair Oaks, a 144-condominium community near Fair Oaks Golf Club in Oakland.
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| | Mon, 12 May 2008 04:00:00 GMT | | | With UNCG's enrollment projected to grow 11 percent in the next four years, apartment developers are rushing to meet the anticipated demand. The latest project, Spring Place, is a $25 million complex that will add 168 furnished apartments on the site of the old Pomona Cotton Mill, which was razed in February.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Three local businessmen are planning a residential project potentially worth $58 million that would put around 270 town homes and duplexes across from Southeast High School.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Dean DeVito and Ken Raymond will use summer thoroughbred racing fans as a test market for their proposed $20 million luxury residential and office condo project in downtown Saratoga Springs.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Impaired by a faltering residential market and the recent death of CEO Elie Berdugo, Boca Raton-based EB Developers now faces new personnel and financial challenges:
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| | Mon, 12 May 2008 04:00:00 GMT | | | What do you get when you mix a 1990s garden-style apartment building with a 2004-era plan to convert them to high-end condominiums?
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| | Mon, 12 May 2008 04:00:00 GMT | | | NORTHEAST FLORIDA -- Paul Jarnutowski is worried about his business. He owns Appraisers Plus, an independent property appraisal company doing business throughout Northeast Florida. Business is down 12 percent in 2008 as the housing market has slowed, but his major concern is a new code of conduct that could be imposed on lenders. (FIS)
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| | Mon, 12 May 2008 04:00:00 GMT | | | Austin's apartment market could be heading into troubled waters, two recent reports indicate.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Two major apartment projects together worth about $59 million are about to land within a few blocks of each other in East Nashville.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Even with the housing market in the doldrums, it hasn't gotten more affordable for many Washington-area people to buy homes. Kevin Sills has a solution in mind.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Under the threat of an economic recession and with much of the country's real estate market near a grinding halt, financial underwriters in marginally affected Houston say they are now, more than ever, keeping an eye on unsold inventory.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Handpicked white Italian marble, 2 1/2 baths, mahogany floors, a 60-foot-long balcony and views of Bunker Hill and the USS Constitution are a few of the luxurious amenities in a new penthouse condo at Battery Wharf.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Beginning in April, mortgage borrowers in high-cost markets like the Bay Area expected buying new homes to get easier.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Two things homebuyers shouldn't have to worry about is a recession or long-term credit crunch. That's what Lawrence Yun, chief economist with the National Association of Realtors, told real estate practitioners who gathered at the Kennedy Boulevard headquarters of the Greater Tampa Association of Realtors Wednesday.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A long-running plan to create one Northern California multiple listing service has been dampened by the California Association of Realtors (CAR), which wants to have one MLS statewide.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Crosland plans to start construction this fall on a $100 million uptown development that will transform a key part of West Trade Street.
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| | Mon, 12 May 2008 04:00:00 GMT | | | It isn't every day that a 14-acre parcel of land comes on the market -- especially in Weston. If that isn't news enough, the land is subdividable and, according to Landvest listing broker Terry Maitland, conforms to town zoning laws.
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| | Mon, 12 May 2008 04:00:00 GMT | | | JP Morgan Chase is quietly embarking on a massive expansion of its home lending business in Washington, and plans to more than quadruple its market share in the state by the end of the year.
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| | Mon, 12 May 2008 04:00:00 GMT | | | The city and Mecklenburg County have crafted an unusual subsidy for affordable housing projects that covers unpaid taxes totaling $2.8 million after the communities were found to have taken advantage of a loophole that didn't exist.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Two reports highlight a deep disparity between income and the cost of housing in New Mexico. Nonprofit groups are working to reverse the trend, but despite their efforts, thousands of New Mexicans are falling into an affordable housing gap.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A fight over residential development on the former Waldo Hospital site in Seattle's Maple Leaf neighborhood isn't over yet.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Tim Crawford began assembling land near Gateway Village more than two years ago.
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| | Mon, 12 May 2008 04:00:00 GMT | | | At least 10 builders accounting for more than 1,000 new-home starts in North Texas during the market's peak in 2006 have closed their doors here -- another sign of hard times in the housing market.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A Bexley development that went bust as a retirement community is filling with tenants from the other end of the age spectrum.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Let's say a man was put into a time capsule 15 years ago, and is taken out today.
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| | Mon, 12 May 2008 04:00:00 GMT | | | About 500 acres in unincorporated Denton County is expected to be annexed into the City of Denton next month and eventually used to build a masterplanned, residential-heavy community.
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