HUD Reports U.S. New Home Sales Decline in June

David Crowe According to HUD and the U.S. Census Bureau, sales of newly built, single-family homes slowed 8.4 percent to a seasonally adjusted annual rate of 350,000 units in June following an upwardly revised, strong pace in the previous month. “While we would have liked to see
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Shares edge down after retail sales; earnings eyed

NEW YORK (Reuters) – A surprise decline in June retail sales was the latest worrying sign from the economy, pushing stocks slightly lower on Monday, but Citigroup earnings limited losses in another forecast-beating report from a bank. The S&P 500 has fallen in seven of the l
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Big Sales, Public Offerings Spotlight Hot Summer For Hotel Investors

A summer heat wave has left many sweltering through much of the nation this summer, but the hotel investment market is generating some July heat of its own during the peak month for vacations, as evidenced by a pair of blazing hotel acquisitions and financings at the outset of the thi
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California’s Low Listing Inventory Becomes an Issue as Home Sales Rise to Highest Levels in Three Years

Los Angeles, CA (Los Angeles, CA) — The California Association of Realtors (C.A.R.) reported today that California’s housing market continued to improve in May, with home prices posting solid gains for the third straight month and home sales well above last year’s pa
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April 2012 Commercial Repeat Sales Analysis Now Available

CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) last week, providing the market’s first look at commercial real estate pricing trends based on property sales that closed through February 2012, and offering the broadest measure of co
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Richter Grusd of Sperry Van Ness Close Three Industrial Sales

National Real Estate Investor
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Lodging Sales Surge As ‘Unprecedented’ Hotel Market Run Unfolds

The U.S. lodging industry, benefitting from two years of sporadic recovery, should continue to enjoy gains in occupancy and pricing power through 2014, with rising profits luring greater levels of investment, according to a series of hospitality reports and outlooks released over the
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New Home Sales in U.S. Slightly Dip in February, Yet Up 11% Over Last Year

David Crowe According to new data released today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in February 2012 were at a seasonally adjusted annual rate of 313,000. This is 1.6 percent (±23.9%) below the revised
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Distressed Sales Volume Remains at Elevated Levels Despite Big Boost in Non-Distressed Sales in Recovering Economy

Distressed trading volume has stabilized but continues to remain at elevated levels, increasing by approximately 2% last year over 2010. However, a surge in non-distressed property trading driven by improving economic conditions has begun to mitigate its impact on commercial real esta
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U.S. Pending Home Sales Index Upticks 2% in January

Lawrence Yun According to the National Association of Realtors (NAR), pending home sales in the U.S. are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago. NAR’s Pending Home Sales Index, a forward-lo
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