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Thursday, April 24, 2008
Real estate in cities such as San Francisco, Seattle and New York continues to climb as during the first quarter of the year 2008; the median price for a Manhattan house went up to 18%, to $872,000, when compared with the same period in 2007, based on a Web portal repot that came in April. The median price for all of New York City includes much of the weaker middle-class neighborhoods in the Brooklyn, Bronx, Staten Island and Queens rose to 4% in the first quarter, to $535,000.
These numbers continue to astonish everyone in the real estate market. Manhattan real estate now continues to climb greater heights due to the wealth of its buyers, strong job market, limited supply of homes and the weak dollar that is roping in foreign buyers. And Manhattan isn't only America's strong market, real estate market in Charlotte, N.C. and Austin, Tex., is also equally good.
Wednesday, April 16, 2008
Liz Crawford will not venture from her sofa for anything less than a two bedroom condo with a parking lot, washer and dryer. At the same time, she looks for homes by searching the list of Norfolk, Va., houses in her price range which is emailed to her automatically from the real estate broker's website. If she finds something interesting, then her agent will send her the full listings and they hardly ever speak over the phone!
Crawford says, "It is really nice to stay at home and do the searching" she also added "When it comes to searching a house it is definitely a tedious task." These great online real estate websites have become an established part, when it comes to home buying or selling process over the past few years, and these websites do offer a wider variety of services and helpful tips; in some cases it also brings positive relationships between the sellers, buyers and the real estate agents.
Monday, April 07, 2008
While home prices in some parts of the nation are falling, Charlotte managed to eke out modest gains when compared to last year. The most watched Standard and Poor's/Case-Shiller home price index released recently showed Charlotte posting a 1.8 percent rise in January as the 20-city index fell 10.7$ 5 $7- the steepest decline in the index's two decade history. Local officials and real estate agents cited the strength in the regional economy and Charlotte's history of more modest house price growth during the boom years as reasons the market was holding up now. A real estate broker said, "We are still selling here in Charlotte"
That's not to say Charlotte, with approximately 1.7 million people in its metropolitan area, isn't feeling the same pressures as the rest of the nation. "You have to try a little harder to sell more of your listings, but homes are selling," said a broker in the city. The Charlotte area is home to 9 Fortune 500 company headquarters, including 2 of the country's 4 largest banks, Bank of America Corp. and Wachovia Corp. More than 14,000 jobs were created in the Charlotte area last year, compared with about 12,000 jobs in 2006.
Wednesday, April 02, 2008
San Francisco city will very soon boast the greenest buildings in America. The local government last week took a critical step which is considered to be the toughest environmental construction standards in the United States. Now companies and families who are planning to build houses and offices might be required to earn green points by introducing water and energy saving measures.
For example, existing technologies such as solar water heating can cut greenhouse emissions from a building by one-third.) Failing to earn green points, they will risk losing their construction permits. Today construction is not pretty area of climate policy, but it is an area where huge gains can be made for relatively at little expenditure. Yet authorities are regulating the housing booms in places like the south west of America and there are so many cities that have done little to promote such measures.
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