real estate – News Stories About real estate - Page 25

150-Story Chicago Spire to Begin Construction

Jun 27, 2007 8:30 AM CDT

150-Story Chicago Spire to Begin Construction

Calatrava designed building will be nation's tallest building

(Newser) - The Chicago Spire, designed by Spanish architect Santiago Calatrava, is finally under way. Following an ownership change, a design change and a name change, what will become the nation’s tallest building will be completed in 2010.

Consumer Confidence,
New Home Sales Slump

Jun 26, 2007 12:13 PM CDT

Consumer Confidence, New Home Sales Slump

Grim economic indicators continue to stack up

(Newser) - Indicating that the topsy-turvy economy probably won't be righting itself anytime soon, consumer confidence dropped in May, as did new home sales, a signal that the reeling housing market has yet to hit bottom. The Fed will likely take up consumer worries at a 2-day meeting that starts tomorrow, Bloomberg...

Home Sales Plunge to
4-Year Low

Jun 25, 2007 6:27 PM CDT

Home Sales Plunge to 4-Year Low

Inventory glut, rising mortgage rates bode ill for quick rebound

(Newser) - Sales of existing homes fell again last month, while the number of homes languishing on the market hit a 15-year high. The median price sank to $223,700, the AP reports, and thanks in part to the woes of the subprime mortgage sector, overall sales were 10.3% below last...

Home Foreclosures Hit Record

Jun 14, 2007 3:16 PM CDT

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

(Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report...

Largest Oil Spill in US Seeps Under Brooklyn

Jun 4, 2007 5:54 PM CDT

Largest Oil Spill in US Seeps Under Brooklyn

Exxon owns up to a century of leaks and dumping over 55 acres

(Newser) - Underneath the ground of Greenpoint, Brooklyn, is a dark blob of gasoline, solvents, and associated poisons that composes the biggest oil spill in US history. It's accumulated from a century's worth of smaller leaks and waste dumping, reports New York magazine, and ExxonMobil has quietly accepted the blame, but...

Tishman, Lehman Close REIT Deal

May 29, 2007 11:50 AM CDT

Tishman, Lehman Close REIT Deal

$13.5B offer for apartment giant marks major privatization

(Newser) - In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company private in a deal worth...

Monthly Housing Sales Jump

May 24, 2007 2:15 PM CDT

Monthly Housing Sales Jump

But prices are way, way down

(Newser) - The real estate market had a volatile April, with home sales rising at their fastest rate in 14 years. But the 16% spike in sales over the previous month hid a more complicated reality: New home prices dropped by a record 11%, according to Commerce Department figures released today, and...

Home Prices Boom, In
Select Cities

May 9, 2007 10:28 AM CDT

Home Prices Boom, In Select Cities

Cities that sat out the bubble are showing gains despite overall slump

(Newser) - Despite the real estate slump, several cities are seeing double-digit gains in housing prices: Portland, Boise, Seattle, Salt Lake City, Houston, Austin, Charlotte and Raleigh aren't feeling the bubble blues—in part because they missed out on the bubble.

Newmark Brains Scammers

Mar 5, 2007 6:20 PM CST

Newmark Brains Scammers

Craig's List founder tracks online swindlers the old-fashioned way— brainpower

(Newser) - “We are not really that high-tech of a company,” the man who brought classifieds into the Internet age, Craig’s List founder Newmark, tells the New York Observer, explaining why he uses a combo of customer feedback and his own memory—instead of techie solutions like IP-address blockers...