Pending Home Sale Up in June
July 28, 2011 by admin
Filed under Pending Home Sales
Image by apple_photo via Flickr
Pending Home Sales
The number of contracts to purchase previously owned homes surprisingly rose 2.4 percent in June 2011 as home buyers tried to take advantage of lower prices and borrowing costs, figures from the National Association of Realtors(NAR) also showed today. The increase in pending home resales followed an 8.2 percent May gain. The 2.4 percent rise in the index of pending home resales followed an 8.2 percent May gain, the National Association of Realtors said today in Washington.Economists forecast a 2 percent drop, according to the median estimate in a Bloomberg News survey.
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- U.S. Pending Sales Previously Owned Homes Unexpectedly Rise (businessweek.com)
- Pending U.S. home sales rose 2.4 percent in June but index remains weak (oregonlive.com)
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Global Commercial up 47 percent
July 12, 2011 by admin
Filed under Positive Real Estate
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Global commercial real estate sales rose 47 percent in the second quarter from a year earlier to $101 billion and are on track to reach or top $440 billion for the year, according to a report by real estate services firm Jones Lang LaSalle Inc .
At $49 billion, direct investment in commercial real estate in the Americas, including the United States, Canada and South and Central America, was the highest of any region in the world, according to preliminary figures Jones Lang LaSalle released on Tuesday.
http://www.reuters.com/article/2011/07/12/us-commercialproperty-global-idUSTRE76B67U20110712
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- Webcast Alert: Jones Lang LaSalle Announces First Quarter 2011 Results and Conference Call (prnewswire.com)
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BOFA Gives Away Houses
July 1, 2011 by admin
Filed under foreclosures
150 vacant and abandoned properties in and around Chicago will be donated by Bank OF America to address a growing vacant property problem in Chicago.
“Unfortunately,” BofA said in a statement, “many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, and in many cases, have walked away from their homes, leaving behind vacant and deteriorating properties that can cause neighborhood blight.”
I considered if I should post this in Positive Real Estate News but I guess it is positive if you are getting the homes. http://www.bankrate.com/financing/mortgages/bofa-to-give-away-houses/#ixzz1QrpGSkKE
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- BofA Wants To Foreclose On BofA Building (huffingtonpost.com)
- Bank Stocks Higher After Bank of America Settlement (blogs.wsj.com)
