realty

Strong China Property Numbers A Front To Mask Housing Problem

China's National Bureau of Statistics published a headline that gave hope to the country which is currently facing its slowest economic growth in a quarter century. The publication ran a news story about a 7.7 percent year-on-year rise in new home prices in December but it didn't mean that the country's housing problem is already over. The headline is but a front to mask the massive amount of unsold apartments in China's smaller cities.

Balkan Prison Camp in Montenegro to Turn into Luxury Hotel Resort

The plans to redevelop a Balkan World War II-era prison were approved by the Montenegro government. It is undergoing an unusual transformation into a luxury resort.

Home Design Trends Handpicked by Famous Designers

Home trends this year may be a bit different from last year as this is mostly focused on nude and neutral colors.

New York City Seizes 75,000 Square Feet of Beach in Coney Island

New York City, under the administration of Mayor Bill de Blasio, will grab 75,000 square feet of boardwalk property in Coney Island as part of a long-delayed economic development in the area.The eminent domain seizure includes three beachfront properties and two smaller properties located on West 12th and West 23rd, which totals to 75,000 square feet. The city failed to strike a "fair-market" deal with the owners but managed to secure the seizure of a 60,000-square-foot land that once housed the famous "Thunderbolt" wooden roller coaster which was featured in the movie "Annie Hall" but was demolished in 2000. The said plot where the rollercoaster once stood is owned by screenwriter Peter Shaffer.

Commercial Real Estate: Walmart and Macy's Shut Down Stores Nationwide

Two of America's largest retailers have recently announced store closures and lay offs. Walmart is closing 269 stores nationwide, including stores under the Express, Neighborhood Market and Supercenter names. Macy's is also closing 40 stores in the early part of 2016.The said closures are forecasted to create a "domino effect" for malls. Once large stores like Macy's and Sears close, it will be hard for mall owners to replace them, related Davidowitz & Associates Chairman Howard Davidowitz.

Title Insurers Ask for Limits to Disclosure Requirements

The American Land Title Association (ALTA), a group composed of more than 5,500 title companies nationwide, asked officials of the Treasury in a letter dated January 13 to restrict the transparency program to specific residential deals and sought exemption in cases where a third party holds part of the money involved in the transaction.

California Real Estate: More Apartments Coming to LA in 2016 but with Higher Rent

Construction in Los Angeles has quadrupled in pace but the "affordability crisis" in the Golden State is still brewing, realty reports revealed.

Mortgage Price Drops Prior to House Hunting Weekend Sale

Home buyers are in for a treat as rates have dropped prior to "big house hunting weekend."

Florida Real Estate: Brevard Home Rental Rises

Despite their salary, Brevard residents whose rents have hiked will need to make sense of how to deal with their personal funds, and make room for the expansion in their cost of living.

Hot Rental Market Makes Way for Attic Apartment Trend

As the interest for lofts has expanded following the Great Recession, financial experts say, more proprietors are changing over unused spaces, for example, attics and basement or cellars to suit hopeful renters. A developing number of demographically assorted individuals are leasing, and some are also eager to choose not to see to unlawfully converted units for a low-cost spot to live in a neighborhood close to work or the city.

First Quarter Monthly Cash Dividends Announced by Independence Realty

IRT has been offering properties in zones that it feels are not center markets and has been utilizing the money to diminish influence.

FinanceFox Increases $5.5M Led Through Salesforce Ventures

The financing round for the business was driven by Salesforce Ventures, with support from AngelList, Idinvest, Seedcamp and Speedinvest.

La Rosa Realty Gets New Jacksonville Office

La Rosa Realty, LLC was established on the rule of offering Real Estate Professionals some assistance with growing their business.

India Realty News: Private Property Costs for New Tasks Fell in Past Two Years

Clearly, a blend of lower deals, less dispatches and bringing down costs mean lower income gradual addition for property designers.

Freddie Mac Earns $47.3 Billion in Loan Volume for 2015, Gets the Top Multifamily Lender Status

Freddie Mac declares that they have become the country’s leading mortgage loan company for the first time.

Beverly Hills Real Estate: Trousdale Estate Designed by Paul McClean Is Under Construction

A unique two full level $60 million contemporary real estate construction has begun at 620 Arkell Drive in Beverly Hills’ Trousdale Estate.

Real Estate Tips: 2016 Checklist for Growing Your Real Estate Business

Getting involved in the real estate business is a lucrative move. However, growing a business in the said field can be extremely challenging. This year, if you are looking to make your real estate business bigger, get started with these 3 easy must dos.

New York's Governor Cuomo Claims $100B Development Plans Will Make Rockefeller 'Jealous'

"The tallest buildings, the longest bridges, the deepest tunnels -- they never said quit. Now, it's our turn my friends," Cuomo challenged New Yorkers. "We must provide the daring and vision for the next generation."

US Treasury Department to Track Anonymous Buyers in Luxury Real Estate

The US Treasury Department has rolled out a program in New York and Miami that will closely monitor all-cash purchases of luxury apartments. The said program requires the identification of anonymous buyers involved in transactions about $3 million. Title insurance companies are now obligated to track down the name of their buyers and submit the information to a database that the Treasury Department will make available to law enforcement.

Global Milestone Reached: There are Now Officially 100 Supertall Skyscrapers in the World

The Council on Tall Buildings and Urban Habitat officially confirmed 432 Park Avenue as the 100th supertall building in the world when the 1,396-foot tall condo tower sold its first unit meeting the council's "partially occupiable" criteria.

Foreclosures Fall to Lowest Level Since 2007, Says CoreLogic

"After peaking at 3.6% in January 2011, the foreclosure rate currently stands at 1.2% - a remarkable improvement," said CoreLogic's Chief Economit Dr. Frank Nothaft. "While there are still pockets of areas with high foreclosure activity, 30 states have foreclosure rates below the national average which is evidence of the solid improvement."