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News
05/15/2009 US property sales up second month in a row Pending home sales rose in March, giving hope that the housing downturn may be ending.
The National Association of Realtors said pending sales increased 3.2% in March. this is more than analysts had been expecting.
Global Forex Trading director, Kathy Lien, said, “This is the second month in a row that pending home sales have increased which adds to the overall... Read full news |
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04/29/2009 US foreclosures set to increase Foreclosures set to increase
The number of American households threatened with foreclosure grew 24 percent in the first three months of this year. A moratorium on foreclosures by some lenders is now ending, setting the scene for a sharp increase in US homeowners losing their homes.
According to a major real estate data company, in the first quarter 2009 a total of 803,489 properties received... Read full news |
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12/01/2008 Detroit property number 1 for contrarian investors Why Contrarian Investors Should Consider Detroit
Dec 1, 2008 By Matt Valley
Although its economy is stuck in a deep trough, Southeast Michigan is the “best buy-side story” in American property investing today, if you believe the market is poised for a rebound, says Steven Chaben, regional manager of the Detroit office of Marcus & Millichap. A graduate of Wayne State... Read full news |
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04/26/2009 Bear market rally Bear market rally
The well publicised banking crisis has gone in tandem with a slump in shares on both sides of the Atlantic. But as markets never go up in a straight line, neither do falling ones. “Bear” markets tend to have rallies, such as the one that has added about 23% to the DOW since March 9th. This is a powerful turn round, much sharper an increase than typical of a... Read full news |
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04/27/2009 Multiple bidding on some US properties again Multiple bidding on US properties again
Signs are the US housing market appears to be on the way up again.
After savage price falls over the past two years, there is evidence that the US residential property market is turning up. Some real estate agents in Washington DC, for example, are reporting an upswing in inquiries and sales. March figures show the volume of pending sales is up 11%... Read full news |
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