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Real Estate Crisis

Penniless Counties Repel Purchasers

Lita Smith-Mines | Posted 05.11.2012 | New York
Lita Smith-Mines

A chat with a house-hunt dropout added another anti-buy refrain to the song shunned home sellers are hearing. "Your county is broke, I'm not going to fix it. No one's getting my money to clear up your deficit."

Feeling the Pinch in Posh Places

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

As a real estate lawyer, I've spent almost 30 years closing in over-sized conference rooms, converted dining rooms, and even crowded lunchrooms. I tell my clients that "we go where the money is."

Ireland Needs a New Political Party: It's a Matter of National Survival

Rory Fitzgerald | Posted 05.25.2011 | World
Rory Fitzgerald

The severity of the economic crisis that Ireland is now experiencing means that there is a massive popular desire for a new type of politics.

Looting Real Estate Booty

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

Investors should be part of the give and take of a robust real estate market, not pirates banking on the misery of a seller's desperate situation.

Once-In-a-Generation Conservation Opportunities, From Cities to the Wilderness

Will Rogers | Posted 05.25.2011 | Green
Will Rogers

Because of the real estate market, prized conservation lands--farms, forests, wildlife habitat, and watersheds--are available at once-in-a-generation prices.

And They Call It Ponzi Love

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

If buyers can't buy, the real estate market stays in a sinkhole. Can't the assholes in Washington understand that they really, really need us to save the market?

Record Year For Foreclosures:

AP | By ADRIAN SAINZ | Posted 05.25.2011 | Business

...

Manhattan Real Estate: Still Bad, But Slowly Recovering

curbed.com | Posted 05.25.2011 | New York

The pace of the real estate market's free fall in the wake of Wall Street's apocalypse has slowed, according to the brokerages, when comparing those n...

Reports of Another Stock Market Fall this Fall Exaggerated

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

A quick survey of market catastrophes reveals that autumn is not only when the traditional harvest comes in, but also when we reap what we have sown -- whether it's corn or bad economic policy.

Ft. Meyers, Florida Condo Tower Has 1 Tenant, 32 Stories

Press | Dick Hogan | Posted 05.25.2011 | Business

Victor Vangelakos lives in a luxury condominium tower on the Caloosahatchee River. He never has to worry about the neighbors making too much noise. Th...

Hamptons Luxury Home Market Has Four-Year Inventory Backup

bloombergenergy.com | Oshrat Carmiel | Posted 05.25.2011 | Business

uxury home sales in the Hamptons, New York's oceanside retreat for Wall Street and Hollywood luminaries, stalled in the second quarter as the number o...

Meltdown 101: Inside The Commercial Real Estate Crisis

AP | ALEX VEIGA | Posted 05.25.2011 | Business

The residential housing market went into a tailspin over a burst housing bubble and a whole lot of bad mortgages. The commercial real estate market ha...

7 Reasons Why The Housing Market Hasn't Hit Bottom

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

On Saturday, I posted this chart and wondered why "Some people were calling for a housing bottom." That generated a ton of emails asking about for fur...

U.S. Considering Mortgage Help for Unemployed

Reuters | Patrick Rucker and David Lawder | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with ...

What Really Caused The Foreclosure Crisis?

wsj.com | STAN LIEBOWITZ | Posted 05.25.2011 | Business

What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of indi...

20 Top Housing Markets: How's Your City Doing?

businessinsider.com | Henry Blodget and Kamelia Angelova|Jul. 1, 2009, 6:48 PM|19 | Posted 05.25.2011 | Business

The rate of crash for real-estate prices nationwide has finally begun to moderate. Specifically, it dropped from -19% a year in March to -18% a year ...

Case-Shiller: Home Prices Down 18.1 From Last April

AP | J.W. ELPHINSTONE | Posted 05.25.2011 | Business

NEW YORK — Newfound signs of stability in the housing market could still be threatened by rising foreclosures and slow efforts to stop them, acc...

Obama's Housing Plan Struggling In First Few Months

Posted 05.25.2011 | Business

Earlier this month, we reported that President Obama's "Making Home Affordable" program, a government subsidized mortgage modification plan, was mired...

Community Reinvestment Act: Did It Cause The Housing Crisis?

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

I've run out of patience with tired memes and discredited claims by fools and partisan. The rhetoric of those pushing nonsense on the public in an at...

The 10 Most Heavily Discounted Housing Markets

US News and World Report | Luke Mullins | Posted 05.25.2011 | Business

As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers. For...

Foreclosed Homes May Become Hurricane Shelters

AP | LISA ORKIN EMMANUEL | Posted 05.25.2011 | Business

MIAMI — Trying to make the best of a bad situation, federal officials might use foreclosed homes as temporary housing for hurricane evacuees in Flor...

Mortgage Rates, Defaults Rise: Bernake's Plan Stumbles

bloomberg.com | Brian Louis and Oshrat Carmiel | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke's efforts to bring down borrowing costs to revive the housing market and help the economy are stalling. Mortg...

Manhattan Office Vacancies Rise, Sublets Struggle

nytimes.com | J. ALEX TARQUINIO | Posted 05.25.2011 | Business

Few office towers have been left untouched by the flood of sublet space that has recently inundated the New York office market. In Midtown Manhattan -...

Case-Shiller: Home Prices Show Record Decline, Fall 19.1%

wsj.com | KERRY E. GRACE and KEVIN KINGSBURY | Posted 05.25.2011 | Business

U.S. home prices continued their multiyear tumble in March, according to the S&P Case-Shiller home-price indexes, as the downdraft shows no near-term ...

Housing bottom in sight, but recovery will be slow

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Single-family home construction posted a modest rebound in April, raising hopes that the three-year slide in housing is leveling of...