Wednesday, July 21, 2010

6 real estate headlines: 7-21

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Homesellers have little leverage
Smart Money:
Many are finding that the only real tool they have to lure buyers is the asking price and it isnt providing much leverage.
Builder confidence in new homes lowest in a year
USA Today
: Home builder confidence fell for the second month in a row as an expired federal tax credit and public unease over the economy depressed housing demand.
Real estate doldrums on Gulf Coast beaches
The New York Times: In a beach town, where sales and rentals of vacation homes are the lifes blood of the economy, the economic impact has been deep.
New plans for old Washington Star printing plant
DC Mud: The city will renovate the interior, redesign the exterior and incorporate the largest green roof owned by the District government.
Forget the double-dip, wheres the recovery?
Housing Wire: I dont know that well see a double-dip recession, eitherbut for an entirely different reason. Im not so sure we ever really ended the first one.
Monument Realty to begin Chinatown condo project
Globe St
: Based on the interest it is currently fielding from association groups, more than likely Monument will be developing office condos.

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