Foreclosures have doubled over the last year, which means a lot of former homeowners are becoming renters again for the first time in a long time.
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Archive for May, 2009
For Rebound Renters, a Few Things to Remember
Saturday, May 30th, 2009Foreign Cash Boosts Hong Kong Assets
Thursday, May 28th, 2009Money is flooding into Hong Kong, propelling property and stock prices even as the economy falters.
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Hope for Commercial Property Takes Hit
Wednesday, May 27th, 2009The S&P’s warning that billions in top-rated bonds backed by commercial mortgages may face downgrades doused enthusiasm in the commercial-property market.
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Recession Turns Malls Into Ghost Towns
Saturday, May 23rd, 2009Traditional shopping malls are dwindling in number, with many struggling properties reduced to largely vacant shells.
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Silverstein, Officials Talk Trade Center
Wednesday, May 20th, 2009Developer Larry Silverstein appears to have the upper hand in yet another round of negotiations with officials on the redevelopment of the World Trade Center site.
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Trump Explains How He Values His Empire
Tuesday, May 19th, 2009Donald Trump provided under oath the secrets to how he values his wealth as part of a defamation suit against a writer.
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Whitehall Cash Call Adds Insult to Loss
Saturday, May 16th, 2009The Whitehall Street Global Real Estate Limited Partnership 2007 has told its investors to give it $1 billion in additional capital they had committed to the fund.
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Goldman Takes Heat Over Whitehall
Thursday, May 14th, 2009Goldman Sachs’s multiple roles in its premier Whitehall real-estate funds is more of an issue for investors now as it restructures debt.
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Corus Has Buyers for Its Condos: Vultures
Wednesday, May 13th, 2009Corus’s warning that it could be placed into receivership by regulators has set off a scramble among real-estate investors hoping to pick up its nonperforming loans.
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General Growth Move Rattles Malls’ Investors
Saturday, May 9th, 2009General Growth surprised investors by taking 166 of its malls with it into bankruptcy last month, rattling the market for securities backed by commercial mortgages.
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