If the economy is to recover the housing market has to make a comeback – it has become an urgent necessity that cannot be ignored anymore. There are signs of houses up for rentals as well as the usual for sale posters. The rentals indicate good days ahead. It indicates that [...]
Ben Bernanke, the chairman of the Federal Reserve, is holding his own facing a barrage of criticism targeting his handling of the real estate crisis. He continues to work all through the week but lately he took two days rest – it being a record for him since the last two years. He had to [...]
There has been a sharp increase in purchases made by first time nest builders. But this surge has not helped the agents and brokers who link the deals. In 2009 the commissions dropped to record levels – the lowest since the last seven years. This has been because of the drop in house prices. The [...]
The rental market is getting squeezed with landlords finding tenants getting scarce. But this is giving an opportunity for pet shops to expand. The residents of New York may be shy to purchase luxuries but they are not hesitating to meet the needs of their pets. Consequently according to reports coming [...]
The real estate sector is in the throes of a crisis. Home prices have increased in the second quarter. But prices are still lower by 9 per cent. This was pointed out by a housing market number. Across the nation, prices increased by 3.1 per cent in the quarter ending September [...]
Foreclosures have led to an increase of homeless public school students especially in Indiana. In the past few years the figures have jumped thanks to heavy foreclosure and high unemployment figures. More and more parents are finding it difficult to provide their children with stable homes.
In the school year of 2005/2006 [...]
Thanks to Brad Pitt, New Orleans real estate has taken on a new colour. Al Andrew, a resident of Tennessee Street of New Orleans does not object to the touring buses cruising through his locality. His only wish is that the tourists “would give some of what they pay to the [...]
Recession has officially come to a close with GDP having gone up by 3.5%. But it is being dogged by anxiety and fear. On 29th October 2009 the Commerce Department announced the growth of the economy and it was received with cheers in Wall Street. The Dow Jones surged ahead.
But in Main [...]