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Featured News, US Real Estate

Nashville Suffers Worst February Sales In Forever

By Phil Butler | March 21, 2011
In real estate news from Nashville, Tennessee, the market there took its worst hit in 10 years when home sales went through the basement in February. According to a report from The Tennessean, home sales feel over 12% compare to February, 2010. A report from the Greater Nashville Association of Realtors showed homebuyer interest in Nashville at an all time low.
US Real Estate, Vacation Properties

Cape Cod Sees Resurgence in Summer Holiday Bookings

By Mike Wheatley | March 21, 2011
Two long years after the roof fell in on the summer rentals market in New England’s Cape Cod vacation hot-spot, it looks like things are finally taking a turn for the better. With 27% more unit rentals so far this year than there was at the same time 12 months ago, together with a 5.3% increase in the number of care reservations on steamships and ferries, this is real evidence that things are beginning to look up.
Featured News, Real Estate

Little Rock Realtors Say "Chicken Feathers" Online

By Phil Butler | March 21, 2011
Almost every real estate market in the US is grasping at straws to find their feet. And for little Little Rock, whose local KATV station has resorted to dredging up meager search statistics to prop up the city's mediocre market, while signs are not good that anyone even knows anything about online engagement. Let's look at these "researchable" cities, and see where Little Rock real estate may really be headed.
Residential, US Real Estate

The Curse of Stigmatized Homes

By Mike Wheatley | March 21, 2011
On the face of it, it looks like the dream home for any successful, middle-class couple – four bedrooms, incredibly spacious with new carpets and hardwood flooring upstairs. Moreover, it’s situated in a great part of Poway district in California, much sought after location with several great schools nearby. All this could be yours for just $399,000. So why won’t it sell?
US Real Estate

Scrapping HAMP Won't Help Recovery, Says Treasury

By Mike Wheatley | March 21, 2011
Efforts by Republicans to terminate President Obama’s programs for the prevention of foreclosures will harm economic recovery, said a U.S. Treasury official.
US Real Estate

LaSalle Hotel Properties Acquire Viceroy Santa Monica

By Tavis J. Hampton | March 19, 2011
LaSalle Hotel Properties announced that it has acquired a leasehold interest in Viceroy Santa Monica for $80.1 million.  In real estate terms, a leasehold interest gives the tenant a limited interest in the property to inhabit for the term of the lease - in this case to operate a hotel. The hotel is an urban […]
Real Estate Investing, US Real Estate

Trouble Brews for Anglo Irish Bank Over Mark Hotel Deal

By Mike Wheatley | March 19, 2011
The Anglo Irish Bank has pulled out of a loan deal with one of the most exclusive of New York’s hotels, accepting a discount of $100 million on the loan in order to extricate itself from the deal. The $300 million loan deal connected to Manhattan’s luxury Mark Hotel was sold for just $190 to Dune Real Estate Partners investment firm.
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