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Real Estate in the News

Given the importance o f real estate to our economy and quality of life, it is a popular media topic often discussed in  money pages and business reports.

This web page is not intended to be an exhaustive compendium of North American media but rather a sampling of a few of the more influential elements.
The focus here is more on a National level, for Canada and the USA, as a supplement to ubiquitous exposure in local Newspapers and TV news.

You will find the topics to be current …this web page is updated frequently throughout the day.

 
CBC | Money News
Friday, July 30, 2010 8:22:20 AM CDT
Canadian economy expands 0.1% in May
Canada's gross domestic product expanded by 0.1 per cent in May as goods-producing industries helped offset a decline in the service sector.
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U.S. economy growing at 2.4% pace
The United States economy expanded at a 2.4 per cent annual pace during the second quarter, a slowdown from the 3.7 per cent expansionary pace it had during the first three months of 2010.
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Budget deficit could be gone a year early
The federal government should be able to eliminate the annual budget deficit by 2015, a year ahead of schedule, the Conference Board of Canada says.
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Apple's iPhone 4 hits Canada
Canadians will get the latest taste of some new technology as Apple's iPhone 4 goes on sale across the country.
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Google shares fall on China blocking report
Google shares fell 1.4 per cent in after-hours trading Thursday after the company said people in mainland China are being blocked from using its internet search engine.
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Telecom took in $41B in 2009
Canada's communications industry took in $55.4 billion in revenue in 2009, the CRTC said Thursday, a 2.1 per cent increase from the previous year's level.
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Toyota recalls Avalon and Lexus models
Owners of Toyota Avalons and Lexus LX 470s may be getting a recall notice soon as the carmaker moves to fix a steering problem.
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Tuna season stays closed until October
Tuna fishermen on P.E.I. have decided to forgo a summer fishery altogether and open the season on Oct. 4.
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WTF? Goldman bans email profanity
Goldman Sachs workers are likely wondering WTF is appropriate anymore after the New York investment bank informed employees that profanity is no longer acceptable in electronic messages.
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U.S. central banker raises spectre of deflation
An official with the U.S. central bank warned Thursday it should be ready to revive a program from the financial crisis if the world's biggest economy appears headed for deflation.
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Hacker extracts cash from ATMs
A hacker has discovered a way to force ATMs to disgorge their cash by hijacking the computers inside them.
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U.S. jobless claims dip
The number of Americans filing new claims for jobless benefits fell for the third time in four weeks last week, dropping by 11,000 to a seasonally adjusted 457,000.
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Enbridge oil not likely to reach Lake Michigan
Oil that spilled from an Enbridge pipeline into a southern Michigan waterway is not expected to reach Lake Michigan, U.S. officials say.
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Ford to lay off 388 at Windsor engine plant
Ford Motor Co. will lay off nearly 400 workers at its engine plant in Windsor, Ont.
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Suncor Energy returns to profit
Calgary-based Suncor Energy reported Thursday a return to profit in its second quarter.
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The Globe and Mail - Real Estate RSS feed
Friday, July 30, 2010 9:26:00 AM CDT
A beach-inspired home created from the sand up
Light colours, slightly banged-up furniture and a few seashells: It’s a recipe for a relaxed home


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A Garden diva cultivates way more condo green
Landscape architect Janet Rosenberg is working hard to incorporate natural oases into new high-rise developments


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A builder turns to the iPad to sell its homes
New tool in the condo seller's toolkit


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Family friendly, built-in
Builder Diane Cornacchia draws on her experiences in her own home when designing her infill projects


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A unique twist on a boutique condo near the Art Gallery
Various floors of 11-storey residence will be shifted several degrees off its axis


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Beaches project gets tongues wagging
Builder looks to word of mouth to market lake view condo


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Lowrise project banks on amenities giving it an edge
Blade Condominiums will have courtyard skating oval


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Take two condo units, combine, beautify
Toronto designers Merike Reigo and Stephen Bauer find the recipe for creating a simple, airy space


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The doctor is in house
Mississauga home takes a big swig from the modernist medicine jar


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Anatomy of an epic move
The work involved in a corporate relocation is often sorely underestimated. Here, Royal Bank details the migration to its new Toronto high-rise


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Defining the ‘affordable’ home
One statistic can tell you a lot about where a city market is headed


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The downsizer’s dilemma
Space and privacy can be an issue, so before you make the move, draw up a ‘lifestyle checklist’ to zero in on what’s important to you


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Modern Victoria
This spacious Victorian combines classic period pieces with contemporary upgrades


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A lively bible for guerrilla gardeners
Author Lorraine Johnson offers a wealth of handy information about sowing, reaping and foraging in likely and unlikely places


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The true North, strong and beautiful
Modern North looks at red-hot architecture on the frozen edge


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msnbc.com: Real estate
Thursday, July 29, 2010 9:37:57 AM CDT
Mortgage brokers to be fingerprinted, registered

Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to new rules.Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to new rules issued by the Federal Reserve and other regulators.





Mortgage - Business - Mortgage broker - Federal Reserve System - Financial Services
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Sponsored By:
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Foreclosure activity rising in most metro areas

Demonstrators, whose homes are under foreclosure or lost their homes to foreclosure, holds signs during a foreclosure rally in front of JP Morgan Chase Bank in Oakland, Calif., Wednesday.Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.





United States - Metropolitan area - Real estate - Foreclosure - Business
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Mortgage demand dips on rising rates
Home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.


Mortgage - Refinancing - United States - Financial Services - Business
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Twin Cities top list of best for working moms

The Twin Cities of Minneapolis and St. Paul were able to take the top spot when working moms' earnings were given an increased weight in the ranking.For the second year running, ForbesWoman has gathered the data and crunched the numbers to determine the U.S. cities that offer the most to working moms.





United States - ForbesWoman - Arts and Entertainment - Home - Family
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May home prices up, but no sustained recovery

Single-family home prices rose more than expected in May, reflecting robust spring sales spurred by homebuyer tax credits, new S&P/Case Shiller data show. Single-family home prices rose more than expected in May, reflecting robust spring sales spurred by homebuyer tax credits, new S&P/Case Shiller data show.





Real estate pricing - Home - United States - Business - Taxation
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Home shoppers taking fresh look at renting

Joanne and Mark Cleaver lost two-thirds of their equity when they sold their home after six years. “It definitely soured my view of home ownership,” Mark Cleaver says.As the real estate market has turned, so, too, has the real estate consumer. Many adults are no longer sold on the merits of owning a home.





Real estate - Renting - Business - Business and Economy - United States
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New home sales up, but sales remain slow

Sales of new U.S. single-family homes rebounded in June from the prior month's record low.For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it's only one month's data.





United States - Business - Salesmanship - Marketing and Advertising - Business and Economy
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Home sales tumble 5.1 percent in June

A sign marks a house for sale by the owner in the Capitol Hill neighborhood in Washington.Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles are likely to drag on the economic recovery.





Business - Residential Housing - Construction and Maintenance - Sales - Manufactured
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Mortgage volume rises, boosted by low rates
Applications for home loans rose last week as rates on 30-year and 15-year fixed-ate loans sank to the lowest levels on the survey's record.


Mortgage - Loan - Business - Financial Services - United States
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Watchdog: Financial system support up $700 billion
Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday.


United States - Government - Business - Financial Services - Inspector General
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New home construction fell sharply in June

A construction worker cuts tiles as he installs a roof on a home in a new subdivision being built in San Marcos, Calif. New home construction plunged last month to the lowest level since October.Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted.





Home construction - Business - Business and Economy - Construction and Maintenance - Conferences
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Homebuilders less confident in housing market
Homebuilders' confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing.


Real estate economics - United States - National Association of Home Builders - Counties - Business and Economy
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These mansions off the beaten path are hard sell

Southways on Lake Minnetonka, Minn., is listed for $53 million. This historic 40,000-square-foot home on 13 Minnesota acres dramatically outprices even the most expensive homes in the region, which may explain why it hasn't sold in more than two years on the market.Homes that cost $10 million or more are expected to boast certain luxuries, and the gated compound called The Brentwood has all the amenities a trophy home should.





Brentwood - Essex - England - Gated community - Business
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Commercial real estate shows a faint pulse

An aerial view of New York, where commercial real estate values are showing signs of life, according to experts.The commercial real estate industry is rising to the dawn of a national rebound, say market insiders in New York, Boston, Los Angeles and Seattle.





Real estate - Los Angeles - Commercial property - Business - New York City
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Man claims ‘Yahweh’ sold him a foreclosed home
A Lake County jury convicted a transient of stealing a house in foreclosure by removing "for sale" signs, changing the locks and filing strange paperwork with the county.


Foreclosure - United States - Lake - Counties - Ohio
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Mortgage applications sink to 13-year low
Demand for loans to purchase homes sank to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates.


Mortgage - Refinancing - Loan - United States - Business
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Don't chase rates — find the right mortgage too
For those who can qualify, it's one of the best times to get a mortgage.


Mortgage - Business - Financial services - United States - Loan
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U.S. wants Fannie, Freddie's money back
A federal regulator is taking steps that could lead to the recovery of some losses sustained by mortgage giants Fannie Mae and Freddie Mac.


Fannie Mae - Freddie Mac - United States - Mortgage - Business
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The big thinking in condos now is to get small

The 98-unit Cubix condominiums in San Francisco start at 250 square feet and top out at 350. The building is about two-thirds sold.Alexandra Gorbokon, a 26-year old public relations executive, has made an offer on her first home, a condo in downtown Chicago.





Chicago - Public relations - United States - Business - Illinois
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NYT > Real Estate
Friday, July 30, 2010 8:26:17 AM CDT
Streetscapes/Readers’ Questions: A Stable and Its Dakota Connection
Readers’ questions pertain to the Dakota Stables and the Lexington School for the Deaf.

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House Tour: Great Barrington, Mass.
A light-filled house on a hillside in Great Barrington, Mass., is designed to show off art, minimize maintenance and increase energy efficiency.

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International Real Estate: House Hunting in ... Cornwall, England
The Cornish residential property market was sluggish last year, but has picked up in 2010 with gains of 5 to 10 percent, depending on the area.

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Big Deal: Conan O’Brien Sells Duplex for $25 Million
The talk show host sold his duplex for more than $4 million below his asking price.

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Big Deal: Dylan McDermott Buys Co-op
The actor bought a one-bedroom on West 21st Street for $701,000.

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Big Deal: Damon Dash, Hip-Hop Entrepreneur, Sells Condo
A TriBeCa apartment owned by Damon Dash sold for $5.5 million. A second Dash property, also in TriBeCa, failed to sell.

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Big Deal: David Bouley Sells Apartment
The chef and restaurateur sold his East 10th Street co-op for $1.4 million.

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On Location: In Shanghai, an Expatriate’s Hunt for a Traditional Apartment
A Los Angeles native’s move to Shanghai and her hunt for a traditional apartment.

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Property Values: What You Get for ... $580,000
A four-bedroom plantation house in Mississippi, a two-bedroom contemporary in Dallas and a three-bedroom house in Maine.

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Square Feet: Near Yale, a 32-Story Gamble Rises in New Haven
The developer of the new apartment complex hopes it attracts Yale graduate students and the medical community.

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Living In: Historic Architecture Near Prospect Park
A neighborhood next to Prospect Park offers tree-lined blocks of houses and prewar apartment buildings, along with a sense of community.

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Square Feet: Challenging the Planned Community Stereotype at Palmetto Bluff in South Carolina
In the 22,000-acre community, just a third of the land will be developed and thousands of acres will be part of a managed forest preserve.

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The Appraisal: Where Longtime Friends Make the Best Neighbors
A real estate broker recommends Ruxton Towers, at 50 West 72nd Street, to many friends from her college days.

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Law Gives Tenants of Illegal Lofts Path to Legality
The new law will force New York landlords to make upgrades, as well as make formerly illegal lofts eligible for rent stabilization and protect tenants against evictions.

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The Roller-Coaster Ride Called a Short Sale
Short sales are on the rise in Manhattan as some homeowners who bought at the height of the market are finding themselves underwater.

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Habitats | Lenox Hill: A Couple Find a Studio Has Staying Power
A tiny studio in Lenox Hill proved a fine home for a 20something starting out in the city. Decades later, when she married, it became a cozy modernist nest.

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Big Deal: New Setting for Gary Shteyngart
The writer didn’t buy in “Absurdistan,” but on East 18th Street.

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In the Region | Long Island: Differing ‘Visions’ for Nassau Coliseum Site
The town of Hempstead unveils its “new vision” for developing 77 acres surrounding Nassau Memorial Coliseum, but not everyone is on board.

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In the Region | New Jersey: Slower Sales After Home Buyer Tax Credit Ends
Sales for lower-priced homes in New Jersey have slowed after the expiration of the federal tax-credit program for buyers on April 30.

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In the Region | Westchester: In White Plains’s Fortunes
Home prices are up in White Plains and Westchester County in general, according a quarterly report issued by the Westchester-Putnam Multiple Listing Service.

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Real Estate Q & A
When a lease becomes binding; claiming ownership of a rooftop terrace; a new cycle for appliances.

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Square Feet | The 30-Minute Interview: Kenneth S. Horn
Questions for the president and founder of Alchemy Properties Inc., a real estate development company that specializes in condominiums.

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Mortgages: Seeking to Close Off an Exit
A new report suggests that “strategic defaults,” in which borrowers simply walk away from their loans and properties, may be reaching their peak.

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On Location: In Guernsey, the Makeover of a Stone Barn
A couple’s 15th-century barn is renovated with light and energy efficiency in mind.

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Property Values: What You Get for ... $800,000
A two-bedroom solar-dome topped house in the Florida Keys, a nine-bedroom house in Virginia and a two-bedroom town house in California.

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International Real Estate: House Hunting in ... Dubrovnik, Croatia
Although prices have dropped by as much as 30 percent in the second-home destination of Dubrovnik, the market is now holding steady.

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PrimeVancouver.ca
Office:(604) 565-8888
Cell:(604) 351-7882
Peter Z. Colak
Sutton Grp West Coast (VanCam)