World stocks mixed after more grim US housing news
World stock markets were listless Tuesday in light pre-Christmas trading as early gains were erased by the latest batch of woeful U.S. economic data.
Most markets were up earlier in the session but the gains were erased by news from the National Association of Realtors that existing U.S. home sales slumped by 8.6 percent in November from the month before, while the Commerce Department reported new home sales fell by a more modest 2.9 percent, but still a 17-year low.
‘The November home sales report illustrates the ultimate risk in a situation where negative business cycle momentum persists for an excruciating length of time,’ said Brian Bethune, chief U.S. financial economist at IHS Global Insight.
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Buying home accessories at after-Christmas prices
It isn’t that pre-Christmas sales weren’t fantastic. This year, they may have been better than any of the last ten. Picking up items at after-Christmas sales, however, has for some become an annual tradition. This may be one of the best times to purchase some home accessories, right along with that discounted Christmas paper and tinsel.If you’re looking ahead to [...]
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Condo Trends: 2009 Forecast Condo Increases Overseas
If you’re looking for where condo sales will trend upward in 2009, you may have to look outside the U.S. for such a forecast. Tokyo, Dubai and Newfoundland are all forecasting a rise in condo sales for 2009.
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Don’t Miss Tax Deductions On Your Real Estate Investment
There are an estimated 11 million real estate investors in the U.S., according to IRS data. However, not all of them chose to be a real estate investor. Some accidentally became investors due to market conditions.
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Ernst & Young Preleases 203,600 SF in Chicago
Ernst & Young signed a 10-year lease for 203,618 square feet at The John Buck Co.’s new office development at 155 N. Wacker Drive in Chicago’s West Loop. This latest deal, which is one of the largest downtown office leases this year, brings the 1.13 million…
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Hot Market: Sacramento Pendings Jump in Double Digits
The Sacramento, California, real estate market has taken off this year with a vengeance. The pending sales for November 2008, were up 61 percent compared to a year ago, though prices have slashed nearly in half by 40 percent, according to information from regional resources.
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Debt coming due in commercial real-estate sector
Some of the country’s biggest commercial real-estate players are asking the government for help, as their $6 trillion industry of hotels, office buildings and shopping malls faces a record amount of debt coming …
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Founder of NC outlet chain passes CEO title to son
The founder of a North Carolina-based outlet chain is passing the title of chief executive to his son this week.
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There’s Having Pets… and There’s Hoarding Pets
Some people think having four dogs or eight cats in an apartment is a lot. But that’s nothing compared to what true “pet hoarders” keep.Just recently, local authorities rescued:69 rabbits…
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Something Fishy Leads Nuns to Sue Their Tenants
Nuns who own a rent-stabilized New York City apartment building have filed a lawsuit against tenants for creating “foul” and “noxious” odors that were so strong that building workers reportedly…
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