Real Estate News
- Meltdown 101: Housing starts show industry's woes
- The Associated Press
- WASHINGTON (AP) — Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst — at least not for a very long time.
The Commerce Department released its... Full story
- Congress scrutinizes problems in home buyer credit
- The Associated Press
- WASHINGTON (AP) — The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people who hadn't bought a home or already owned one, Congress was told Thursday.
J. Russell George, Treasury... Full story
- Bargains can be found on home auction Web sites
- The Associated Press
- LOS ANGELES (AP) — Home auction Web sites offer a tantalizing alternative to homebuyers: Find a property, put in your bid, and the best offer wins.
Sounds simple, but the difference between landing a bargain and overpaying for a property... Full story
- Recession deflates Island real estate; creates buyer's market
- ANTONIO VINDELL/Special to the Island Breeze
- For years this island resort on the Gulf of Mexico has had some of the most valuable real estate prices in the Rio Grande Valley.
Consequently, finding a bargain on South Padre Island for either a primary residence or a second home has not been not... Full story
- Some real estate agents in NY's Hamptons see rally
- FRANK ELTMAN/Associated Press Writer
- EAST HAMPTON, N.Y. (AP) — Few real estate markets got hit harder by the recession than the Hamptons, Long Island's summer playground for the rich and famous.
After all, the people who live in East Hampton estates and Southampton mansions had... Full story
- US Sugar, Everglades land deal to move forward
- The Associated Press
- WEST PALM BEACH, Fla. (AP) — A Florida judge has ruled that the state can move ahead with a $536 million plan to buy land from U.S. Sugar Corp. for Everglades restoration.
Palm Beach County District Judge Donald Hafele says in his order... Full story
- Mortgage rates up slightly, still near record lows
- The Associated Press
- WASHINGTON (AP) — Rates for 30-year home loans edged up this week, but remain close to record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.14 percent, up from 5.12 percent a week earlier, mortgage company... Full story
- Financial crisis cripples new affordable housing
- J.W. ELPHINSTONE/AP Real Estate Writer
- For thousands of low-income renters nationwide — but especially in rural towns and small cities — the recession is hitting home in an unexpected way.
Nationwide, funding to build low-cost apartments has dropped by more than half in two... Full story
- Built to Last
- Breakaway walls designed to reduce storm surge damage
- ANTONIO VINDELL/Special to the Island Breeze
- August and September are generally the peak months of a hurricane season, but that does not seem to shake South Padre Island's biggest development.
Richard Franke, a developer/broker with The Shores, a master planned community, said the houses and... Full story
- Foreclosures keep powering Western home sales
- The Associated Press
- LOS ANGELES (AP) — Home sales across the Western region of the country posted an annual increase of nearly 4 percent in July as buyers snapped up foreclosures and first-time homeowners rushed to take advantage of a temporary tax credit, the... Full story
