Rush Limbaugh Sells Manhattan Penthouse to International Buyers for $11.75 Million

Posted by Kevin Brass 08/26/10 3:46 PM EST

In a further sign of the globalization feared by many of his listeners, conservative radio personality Rush Limbaugh's New York City apartment was purchased last week by a foreign buyer. Read More

Mortgage Rates Continue To Fall, Set New Record Lows

Posted by Michael Gerrity 08/26/10 1:29 PM EST

According to Freddie Mac's (OTC:FMCC) latest Primary Mortgage Market Survey (PMMS), fixed-rate mortgages reached record lows, while the 5-year adjustable rate remained tied at its low for this survey. The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005. Read More

MBA Reports Mortgage Loan Delinquencies, Foreclosure Starts Decrease in Q2

Posted by Michael Gerrity 08/26/10 11:02 AM EST

According to the Mortgage Bankers Association's (MBA) National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 9.85 percent of all loans outstanding as of the end of the second... Read More

CoreLogic Reports a Second Consecutive Quarterly Decline in Negative Home Equity Growth

Posted by Michael Gerrity 08/26/10 10:26 AM EST

According to CoreLogic's latest report, negative equity data showed a second consecutive quarterly decline in national negative equity rates. CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, Read More

2010 'Ideal Living Home' Coming to Achasta Georgia

Posted by Scott Kauffman 08/26/10 8:00 AM EST

(ATLANTA, GA) -- Achasta By Reynolds, a master-planned lifestyle community in the North Georgia Mountains, will be the site of the 2010 Ideal Living Home. The house will feature the latest in sustainable and energy-efficient home building technologies. Read More

FHFA Reports U.S. Home Prices Slightly Increased in Q2, 2010

Posted by Michael Gerrity 08/25/10 1:39 PM EST

According to the Federal Housing Finance Agency's (FHFA) seasonally adjusted purchase-only house price index (HPI), U.S. house prices rose in the second quarter of 2010.The HPI, which is calculated by using home sales price information from Fannie Mae- and Freddie... Read More

South Florida Company Launches New Bulk Sales Platform

Posted by Michael Gerrity 08/25/10 1:35 PM EST

(FT. LAUDERDALE, FL) -- South Florida based Adache Real Estate has announced today that they have formed a new platform to handle the growing back-log of rejected bank short sale listings. Read More

Mortgage Refi's Spike 26% as Rates Drop

Posted by Michael Gerrity 08/25/10 1:33 PM EST

According to the Mortgage Bankers Association's (MBA) latest Weekly Mortgage Applications Survey  for the week ending August 20, the Market Composite Index increased 4.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index... Read More

Japan's Sumitomo Mitsui Bank Rescues Stalled Chicago Condo Project

Posted by Alex Finkelstein 08/26/10 4:07 PM EST

A group of lenders led by Japan's Sumitomo Mitsui Banking Corp. has provided a $170 million construction loan and revived a stalled 39-story luxury condominium project overlooking Lake Michigan in Lincoln Park, one of Chicago's most affluent neighborhoods. Read More

Canadian Homeowners Cash in on LEED-Certified Home Construction

Posted by Scott Kauffman 08/26/10 8:30 AM EST

(BOWEN ISLAND, BRITISH COLUMBIA, CANADA) -- The Cape on Bowen, a $100 million oceanfront community located on the southwest tip of Bowen Island near Vancouver, recently announced that it is offering financial encouragement to buyers who follow the community's Sustainability Plan and build certified LEED and Built Green sustainable homes. Read More

St. Regis Plans Opening of Newest Luxury Residences in Bangkok

Posted by Michael Gerrity 08/24/10 1:35 PM EST

The Residences at The St. Regis Bangkok continues to stay on course in preparation for the scheduled October launch of this luxurious, urban dwelling in Thailand's modern metropolis. Commitment and financing from Minor International PLC, the project's developer, remain strong. Read More

Developers List Their Biggest Mistakes

Posted by Kevin Brass 08/20/10 12:40 PM EST

On any project, a developer is rolling the dice, betting a string of unrelated and often uncontrollable events will fuse to create a success.If they do their homework, control their ego and fortune shines, then they might make money, maybe... Read More

Israeli Entrepreneur Kicks Off Condo Sales Campaign in Yonkers

Posted by Alex Finkelstein 08/19/10 12:28 PM EST

Tel Aviv entrepreneur David Marom thinks his timing is right. He has started sales at Monarch at Ridge Hill, his planned $240 million, 500-unit condominium and retail complex in Yonkers, NY. Read More

Hong Kong Government Tries to Slow Overheated Property Market

Posted by Kevin Brass 08/18/10 12:41 PM EST

After months of complaints and predictions of impending disaster, the Hong Kong government has taken steps to dampen the overheated property market. The new measures include a restriction on flipping property, hoping to stem the quick resales favored by speculators. Read More

World's Millionaire Population Growing Fastest in Singapore, Malaysia and China

Posted by Michael Gerrity 08/18/10 8:00 AM EST

There is an old saying that says, "wealth drives markets". If that's the case, then the Far East is now the place to be for real estate developers, owners and investors worldwide. Based on Chesterton Humberts' latest Prime International Residential Review: Q2 2010, Read More

Monaco World's Most Expensive Residential Market, Four Times Higher Than Manhattan

Posted by Kevin Brass 08/17/10 10:30 AM EST

For jaw dropping prices and extravagance, Monaco is still the champ. A used home in Monaco costs on average of 45,000 euro a square meter, or about $57,000, making the principality the most expensive market in the world, according to the latest Prime International Residential Review from Chesterton Humberts. Read More