Housing-related stocks are expecting a recovery of the housing market and as a result real estate stocks are on a roll. When Realogy Holdings went public for $27 a share in early October 2012, its initial public offering (IPO) went through the roof closing at $33.60 by Friday of the first week. Realogy is the …
Author: elegant
The real estate market in the U.S. has been in doldrums for more than two years and signs of recovery have been identified by many experts. A recent survey of real estate agents by Credit Suisse confirms that the market has been improved slightly. These signs include slight improvement in traffic, increasing price strength in …
The majority owners of the iconic 102-story Empire State Building in midtown Manhattan and 18 other properties including office buildings and a development site that is in the mix has filed papers with the Securities and Exchange Commission to become a REIT (Real Estate Investment Trust) known as Empire State Realty Trust. Since the 2007 …
Fannie Mae, the government-controlled mortgage agency invited private joint ventures to buy foreclosed homes and manage them as rentals in February 2012. At the time Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) had over 210,000 foreclosed single family homes. Some distressed markets such as Las Vegas the announcement was welcome news. However, …
Several California neighborhoods are showing some signs of new home construction activity. Real estate agents are walking more prospective buyers through home for sale. Even though there were several falls starts recently, some life is seen in real estate activity. According to the National Association of Realtors,existing home sales reached a new high in January …
The U.S. housing market remains deeply depressed and housing prices are continuing to go down every month. So far the crisis has claimed over $6.5 trillion reduction in value of the housing market. But there are some signs of lender participation in order to prevent further home foreclosures. Lenders are more and more willing to …
It has been three to four years that the housing bubble burst. There have been ups and downs of the value of home builder stocks as well as new construction during this time period. Some of the ups are contributed to “abnormally warm and dry whether” as well as “end of the year building code …