Commercial Real Estate, Real Estate, Real Estate Investing

US Commercial Property Boomtown Time

By Mike Wheatley | May 18, 2011
2011 could well prove to be a very good year for commercial property investors. With sales in the region of $160 million being reported by commercial real estate firms in just 34 deals up to April of this year, this is a staggering 200% rise from the $48 million recorded sales in the first four […]
US Real Estate

US Mortgage Debt Slashed By $100 Billion In The Last Year

By Mike Wheatley | May 18, 2011
A recent article on the USA Today website reported that American homeowners have managed to trim $100 billion off of mortgage debts over the past year.   Apparently, there are a number of contributing factors to the reduction of the US’s yearly mortgage debt, such as refinancing of mortgages, lower interest rates and homeowners choosing […]
Featured News, Real Estate, Residential, US Real Estate

Property Value Insurance Makes Perfect Sense

By Mike Wheatley | May 17, 2011
What with US property prices falling all over the country and homeowners seeing literally thousands of dollars wiped off their greatest asset, haven’t you ever wondered why no one tries to hedge against this kind of risk? Just last week, Zillow reported that US property prices in the US fell again for the 57th straight […]
Real Estate, Residential, Vacation Properties

Vacation Homeowners Turn to the Rental Market

By Mike Wheatley | May 17, 2011
When Karen Logan received zero offers on her Lake Tahoe home last year, she decided it might be a better idea to rent it out instead. “I’m retired, living on benefits, so I need the extra income,” she told us. Logan’s 3-bedroom lakeside home now rakes in $1,800 each month, and sometimes $1,200 per week […]
US Real Estate

Wells Snap Up Two Fresco Office Buildings for $49 Million

By Mike Wheatley | May 16, 2011
The purchase of two major office buildings in Frisco by a Georgia-based investor was announced yesterday. Wells Core Office Income REIT Inc.  announced that they had agreed a $49 million deal to purchase the Duke Bridges buildings I & II, which currently lease more than 90% of their office space to T-Mobile USA. Built in […]
Commercial Real Estate

Commercial Property Recovery is Premature, Analysts Say

By Mike Wheatley | May 16, 2011
Reports proclaiming the recovery of the US commercial real estate sector may well prove to be premature, despite the celebrations of some investors pronouncing its comeback. Despite a number of high profile deals involving marquee properties in some of the biggest US cities, commercial property values are still badly depressed throughout the country, and they […]
Residential, US Real Estate

Reality Hits Home as Peggy Tanous Faces Foreclosure

By Allison Halliday | May 16, 2011
Reality star Peggy Tanous seems to have it all, but the truth is she’s already following in the footsteps of other Real Housewives in facing foreclosure, and is currently in dispute with three banks in an effort to try and keep her home in Irvine, California. PNC Mortgage, US Bank National and the BAC Home Loans Servicing are trying to get a foreclosure, but Tanous is fighting back with her own lawsuit as she believes the banks haven't honored a loan modification agreement.

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