13% of US Homes Are Vacant

High residential vacancies are killing many housing markets, as foreclosed homes sit on the market and depress sale prices and property values. And it’s only getting worse: The national vacancy rate crept up to just over 13% according to last week’s decennial census report. That’s up from 12.1% in 2007. “More vacant homes equal more… Read more »

Featured Gay Friendly Realtor: Tamara Z., San Diego

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly San Diego Realtors and Real Estate Professionals Tamara is both an owner and investor in and outside San Diego, so she understands the importance of having someone… Read more »

IN: Muncie Area Home Sales Down in February

After years of recession and job losses, after tightened mortgage requirements and hundreds of foreclosures, the Delaware County housing market is still waiting to recover. But when will the housing market bounce back? The latest figures from the Indiana Association of Realtors show that closed home sales were down 43 percent in February compared to… Read more »

NV: 65% of Homes in State “Underwater”

One of the many real estate issues homeowners in the United States face is negative equity, which occurs when homeowners owe more on their homes than they are worth. It’s a more significant problem here in Nevada than it is in any other state. According to a recent report from CoreLogic, 55.6 percent of all… Read more »

Featured Gay Friendly Realtor: Shea Steel, Portland, OR

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Portland, Oregon Realtors and Real Estate Professionals Shea is a multi-million dollar selling agent living in beautiful Portland, Oregon. She is passionate about the Portland real estate… Read more »

MA: South Shore Home Sales Still Slow

After a whirlwind of activity last year, this spring’s real estate market promises to be a lower-key affair. With lingering job insecurity and a long-delayed recovery in the labor market, economic headwinds are expected to buffet the home sales environment. “It still is a buyer’s market because we still have considerable supply of properties,” said… Read more »

Featured Gay Friendly Realtor: Julie Nelson, Austin, TX

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Austin Realtors and Real Estate Professionals Led by Julie Nelson, The Nelson Project is a team of 4 real estate professionals with Keller Williams Realty serving Austin,… Read more »

Palm Springs Area Real Estate Bucks Nationwide Trend in February

Home sales rose 7.3 percent in February across the Coachella Valley compared to the same month a year ago, bucking a downward trend in Southern California and the nation. The latest monthly home-sales tally also rose considerably from January, La Jolla-based DataQuick Information Systems reported. The 848 existing homes, condos and newly built homes that… Read more »

Featured Gay Friendly Realtor: Val Tolson, Rehoboth Beach, Delaware

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Delaware Realtors and Real Estate Professionals The Rehoboth beach real estate market becomes more sophisticated and challenging every day, and you need a real estate professional who… Read more »

CA: Sacramento Median Home Prices Fell in February

Sacramento County home sales hovered around seasonal norms for the second month in a row, but the median price fell again as investors snapped up distressed properties, according to figures released Thursday by market watcher DataQuick Information Systems. Sales in Sacramento County rose 6.3 percent in February compared to the same month of 2010, the… Read more »

US: Foreclosures Drop to 36 Month Low

The number of U.S. homes in some stage of foreclosure fell last month to a 36-month low, as lenders delayed taking action against homeowners amid heightened scrutiny over banks’ handling of home repossessions. Foreclosure-related notices sent to homeowners in February tumbled 14 percent from January and 27 percent versus the same month last year, foreclosure… Read more »

More Mid Michigan Houses Sitting Empty

A new wave of Census data released Wednesday confirmed what most mid-Michigan residents already knew just from taking a walk in their neighborhoods. There are more empty houses than 10 years ago. New Census housing data show an across-the-map spike in the number of vacant homes and apartments in the tri-county area with the percentage… Read more »

Featured Gay Friendly Realtor: Ariel Feir, Irvine, California

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Orange County Realtors and Real Estate Professionals Ariel is very experienced in business and in the Irvine real estate market, with detailed local area knowledge of the… Read more »

New York Foreclosures Drop in February

PropertyShark.com, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for February 2011. Key Report Findings New scheduled foreclosures in NYC were down 82% in February 2011 over February 2010 and were down 59% over January 2011. * Compared to the February 2010 level, the number… Read more »

TN: Nashville Foreclosures Jumped at End of 2010

CoreLogic reports that the Nashville-area foreclosure rate ended 2010 at 1.89 percent, 16 basis points higher than a November number that was itself up 17 beeps from October. We can take some solace from the fact that Middle Tennessee’s housing market is still in much better shape than the nation’s — December’s foreclosure rate was… Read more »

Real Estate Issues for Same Sex Couples

We were recently contacted by a reader who wanted to thank us for maintaining such a valuable resource at SDGLN. The reader also recommended a resource to share with other readers. After investigating, I also found the information to be solid and informative resource. If you have information or resources that you would like to… Read more »

Featured Gay Friendly Realtor: Danielle Lazier, San Francisco

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly San Francisco Bay Area Realtors and Real Estate Professionals I’m Danielle Lazier of Zephyr Real Estate – a real-estate professional who has your success as a property… Read more »

Are Short Sales the New Normal?

Back in 2003, when I first got my real estate license, times were good. The prices of homes were going up, sellers were getting a great return on their investment, buyers were getting homes with ‘no money’ down and life was wonderful. But as everyone now knows, the housing bubble has burst and we are… Read more »

Featured Gay Friendly Realtor: Kyle Matthews, Encino, California

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Los Angeles Realtors and Real Estate Professionals Kyle is a Los Angeles Realtor with White House Properties. Kyle works extensively to help buyers and sellers meet their… Read more »

Canada: Vancouver Home Sales Rose in February

Residential MLS home sales increased by 2.1 per cent in February to a seasonally-adjusted annualized rate of 92,250 units. This marked a seventh straight monthly increase in provincial activity. Gains were driven by higher sales in the real estate board areas spanning Metro Vancouver and Abbotsford/ Mission, which observed a 4.9 per cent increase. Combined… Read more »

Five Ways to Sell a Home Faster

LGBT home sellers should understand that it is still a buyer’s market and that the average time it takes to sell a home is more indicative of a bear market than it is of a bullish one. With that in mind, LGBT homeowners who hope to sell in 2011 are encouraged to be proactive about… Read more »

Featured Gay Friendly Realtor: Todd Black, Toronto

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Toronto Realtors and Real Estate Professionals There is nothing quite like the experience of matching buyers with sellers, and knowing that you are making a real difference… Read more »

Top Reasons Mortgage Applications Are Denied

1.) Loan-to-Value Ratio – Perhaps the most common problem in today’s mortgage industry is a low loan-to-value ratio. This is the percentage of the loan amount compared to the overall value of the property. For example, if you currently have a balance on your first mortgage of $200,000 and the appraisal comes back with a… Read more »

TX: Dallas Real Estate Market Improved in 2010

While home prices plummeted throughout most of the country last year, people moving to the Dallas-Fort Worth area enjoyed improved real estate values. According to a study conducted by the Real Estate Center at Texas A&M University, prices for nondistressed homes increased 1.2 percent on a per-square-foot basis compared to 2009, while the value of… Read more »

Featured Gay Friendly Realtor: Larry Gregerson, Indianapolis

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Location Realtors and Real Estate Professionals in Indiana Larry will be your full-service Indianapolis realtor, and will provide you with superior service at all times. His local… Read more »

OR: Portland Real Estate Has Another Difficult Month

February was another dismal month in residential real estate with deep declines in new listings, pending sales and prices. The median home sales price in the Portland metro area finished the month at $213,700, down 9.1 percent from February 2010, according to the Regional Multiple Listing Service’s monthly Market Action report. The average sales price… Read more »

NY: Long Island Real Estate Sales Jump

Long Island home sales in February jumped 7.5 percent over a year ago, the first such increase in eight months, a new report said. The Multiple Listing Service of Long Island reported that there were 1,784 closings last month and 1,660 in February 2010. It marked the first time since June 2010 that monthly sales… Read more »

NC: Asheville Condo Project Never Materialized

At the time he put his money down, Justin Arnall figured the Zona Lofts project was a sure bet. Its design — with solar panels and a rainwater collection system — allowed marketing it as environmentally friendly. It offered a good location for people wanting downtown living. And many of the condos would be inexpensive… Read more »

Win a House in Gay Friendly Palm Springs

Santiago Communities, owner and operator of numerous manufactured home communities, has announced their Great Home Giveaway. Participants have the opportunity to win prizes including a new home, new cars and cash when they refer their friends to purchase Santiago homes. The grand prize winner of the Great Home Giveaway can have their new home located… Read more »

Featured Gay Friendly Realtor: Roberta Stone, Jamaica Plain, MA

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Location Realtors and Real Estate Professionals in Massachusetts When representing buyers and sellers of Boston real estate, an agent should be dependable, accountable, passionate, committed, and should… Read more »

CT: Foreclosures Plummet in February 67%, Also Down Nationwide

A total of 225,101 additional homes went into foreclosure in the U.S. in February, bringing the year-to-date total to 486,434, according to the latest RealtyTrac figures. That’s one of every 577 American homes, but down 13.86 percent, RealtyTrac says. Connecticut currently has 6,794 properties in foreclosure status, RealtyTrac says. The 747 in February is 67… Read more »

Does it Make Sense to Buy Real Estate Now?

Several months ago Karl Case of the Case-Shiller Report said, “If you have a realistic version of the American dream, buying a house now can make a lot of sense.” Case is considered the guru on real estate pricing. If you don’t believe him, how about the Gallup Poll in January that says 67% of… Read more »

Hernando County, Florida Draws Cash Buyers With Rock-Bottom Real Estate Prices

After years of snow boots, frozen windshields and furry paws caked with Maine’s ice and mud, Dottie Brown and her husband, Ralph Kent, recently decided to take their modest retirement savings and their two dogs and head for the sun. Surfing the Internet, they found a shingle-roofed, stucco-coated fixer-upper on Killinger Avenue with a grapefruit… Read more »

NH: Real Estate Sales Improve, But Young Couples Flee

Although the Seacoast Board of Realtors had some good news to report at their State of Seacoast news conference in New Hampshire yesterday, there were some disturbing trends covered as well. In January and February of 2011, single-family home sales had their best start since 2008. Furthermore, residential sales volume in the entire state is… Read more »

FL: Downtown Miami Real Estate Market Reviving

More folks are choosing to call downtown Miami and the surrounding area home, halting fears of condo buildings closing and fueling some new and novel businesses. The latest real estate numbers show 85 percent of downtown Miami condos are now occupied — up more than 20 percent from two years ago, when that number was… Read more »

NJ: Condo Market Starting to Thaw?

LAST month a few strong blips indicated a quickening pulse on the New Jersey condominium market. Or maybe just a pulse. There were 15 sales in four weeks at one building in Jersey City, 6 at another, 5 at a Hoboken building where sales had been lagging — even a premarketing sale at a town… Read more »

Featured Gay Friendly Realtor: Don Munro, Honolulu

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Oahu, Hawaii Realtors and Real Estate Professionals Don was born and raised in the highlands of Scotland, and served in a Scottish infantry regiment. He has lived… Read more »

DC: Pending Real Estate Sales Soaring

A real estate information company says pending home sales in the Washington, D.C., market has showed the largest year-over-year increase in 10 years. RealEstate Business Intelligence says the number of contracts signed in February was up 33 percent from the same time last year, the biggest increase in more than a decade. The company added,… Read more »

WI: Milwaukee Real Estate Market Slowed in February

The Metropolitan Milwaukee real estate market slowed down in February, with sales falling 5.7% compared to a year ago, after starting the New Year on a strong note in January when sales increased 17.9%, according to housing statistics released today by Metro MLS, Inc. Brokers are not overly concerned about the decrease in sales in… Read more »

TN: Memphis Area Foreclosures on the Rise

“Some of them lost jobs and they could just not afford it at all,” said listing broker Jim Abell. Abell works as a real estate agent and broker hired by Fannie Mae to fix up the foreclosures and get it back on the market. He says Germantown and Collierville have become foreclosure hot spots. “I… Read more »

Featured Gay Friendly Realtor: Denis Fuster, Hilo, Big Island, Hawaii

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Big island of Hawaii Realtors and Real Estate Professionals Denis is full time international Realtor. A Hawaii resident since 2001 and investor himself on the island, Denis… Read more »

Southern Oregon Real Estate Prices Down, But Sales Up

Jackson County real estate sales for the three-month period ending Feb. 28, gained steam with 401 units sold compared to 378 for a corresponding period a year earlier, according to Southern Oregon Multiple Listing Service. That’s considered a good sign, considering the federal tax incentives that spurred activity a year ago have expired. Most of… Read more »

Featured Gay Friendly Realtor: Rudy Molinet, Key West

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Key West Location Realtors and Real Estate Professionals Rudy Molinet is one of the leading gay Key West realtors. Rudy is a top producing Key West realtor who… Read more »

Why is it So Hard to Get a Home Equity Loan?

Many homeowners long to hear the magic words: “Your home equity loan is approved.” But for most, this type of loan, which allows a homeowner to borrow against the equity in the home, is hard to get. The typical barriers are lack of equity, impaired credit and inadequate income to support additional borrowing. Of those,… Read more »

Featured Gay Friendly Realtor: Frank Sweet, Wilton Manors

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Fort Lauderdale Realtors and Real Estate Professionals Frank is the Broker/Owner of Palm Tree Real Estate, Inc. and has lived in Broward County, Florida since 1978. He… Read more »

NC: Raleigh Called Healthiest Home Real Estate Market for 2011

According to Builder Magazine, Raleigh, North Carolina is the place to be if you are in construction this year[1]. Building permits increased 85 percent last year, with “much of the strength on the multifamily side,” reported the magazine when explaining the accolade. The magazine ranks metro areas based on a system called the “Builder Healthy… Read more »

Featured Gay Friendly Realtor: Christopher Rocca, Santa Fe, New Mexico

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Santa Fe Realtors and Real Estate Professionals For Santa Fe real estate sellers, Christopher offers innovative and comprehensive marketing programs that combine technology, (virtual property tours, wide… Read more »

Featured Gay Friendly Realtor: Michael Cornell, Seattle

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Washington State Realtors and Real Estate Professionals Maura would love to help you buy or sell your Woodbridge area home, and is one of Northern Virginia’s top… Read more »

SC: Real Estate Market Improving, But Changes Needed

Nick Kremydas with the South Carolina Association of Realtors, says the state’s current tax structure is hindering growth. But the future in the real estate market still has a bright side. Kremydas, the association’s chief executive officer, spoke at the Anderson Area Chamber of Commerce’s Toast and Topics breakfast Thursday about the real estate industry… Read more »

Global Real Estate Market on the Mend

If you look beyond the housing market, there are reasons to believe the global commercial real estate market is poised to continue a strong rally, according to Jason Yablon, a real estate securities analyst at Cohen & Steers Inc., which manages $25 billion in real estate assets. “Right now is a pretty good time to… Read more »

Featured Gay Friendly Realtor: David Ashton, Salem, Massachusetts

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Massachusetts Realtors and Real Estate Professionals David Ashton is a member of Coldwell Banker Residential Brokerage, located in Swampscott Massachusetts. David is proud to be associated with… Read more »

Baltimore Year-End Sales Down Slightly From 2009

RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Baltimore metro housing market. The market area includes: Baltimore City, Baltimore County, Anne Arundel County, Carroll County, Harford County, and Howard County. “After numbers were… Read more »

The Advocate’s 4th Gayest City in America: Orlando, Florida

Everyone knows that many Disney employees are friends of Dorothy. But now Orlando itself is coming out as a hot spot for gay and lesbian life and a hotbed of progressive attitudes. Last November, when Orange County leaders voted 6-1 to add sexual orientation protections to the private-sector antidiscrimination law, not a single resident or… Read more »

Gay Vegas Nightclub For Sale

When SECRET NIGHTCLUB & CABARET owner Paul Anderson surveyed the current entertainment options being offered last spring in the entertainment capital of the world, Las Vegas, he found an incredible void in the equation. A spicy and vibrant gay/alternative nightclub that caters to every age and every lifestyle. Formerly known as the Velvet Lion Gentlemens Club,… Read more »

Vancouver Island Real Estate Market Improving

Real estate sales picked up in Greater Victoria and Vancouver Island last month compared with January but still lagged behind February of last year. Continuing low interest rates and national job growth are credited with supporting Canadian housing demand, but the market will likely soften this year and into 2012, Scotiabank Group said in a… Read more »

Big Island’s Waimea is a Buyer’s Market

This month, I’m going to start something new in my monthly analysis of Waimea real estate sales. In addition to my ongoing monthly recap of real estate sales in Waimea, I’m going to take a look at where the current inventory of available homes for sale is in relationship to the number of sales last… Read more »

Featured Gay Friendly Realtor: Virginia Ruffulo, Medford, Oregon

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Southern Oregon Realtors and Real Estate Professionals Virginia been selling Medford real estate for over 12 years, and she is a lifetime member of the million dollar… Read more »

Manhattan Seeing Residential Real Estate Boom

Early last year, Michael Weiss began attending tenant board meetings at the Brooklyner, Avalon Fort Greene and a handful of other luxury residential towers in downtown Brooklyn. In October, Mr. Weiss, director of the MetroTech Business Improvement District, threw the group’s first neighborhood block party on Bridge Street, with live music, rides and food. He… Read more »

High-End Home Sales Surged in Silicon Valley in January

Million-dollar home sales in Silicon Valley rose sharply last month compared to January 2010 as the upper end of the market continued to gain traction in the new year, according Coldwell Banker Residential Brokerage, the South Bay’s leading provider of luxury real estate services. A total of 98 homes sold for more than $1 million… Read more »

What All New Homeowners Should Know

So you’ve decided to buy a house, but you’re not sure if your finances are quite up to speed. Even if you hope to buy six months from now, there are numerous improvements and adjustments to be made in the interim, prior to taking on a mortgage. First-time home buying is well documented as an… Read more »

Featured Gay Friendly Realtor: Colleen Murphy, Honolulu

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Location Realtors and Real Estate Professionals Over 90% of Colleen’s business comes from referrals from past clients! She is happy to work with buyers and sellers of… Read more »

North Carolina Sees Big Changes in How Real Estate is Bought and Sold

Periodically, we’ll run guest columns from our member realtors on their areas, and issues that affect gay and lesbian buyers.  Here’s the next in the series – a great column from Wendy Tanson about Chapel Hill & Durham, North Carolina’s gay neighborhoods.  (click here to see Gay Realty Network’s North Carolina real estate page): Big… Read more »

Calgary Commercial Real Estate Market Improving

nvestment in Canadian commercial real estate bounced back last year with the strongest performance in three years, at 11.1 per cent, as measured by the REALpac/IPD Canada Annual Property Index. The annual total return -a marked turnaround from 2009’s negative return of 0.3 per cent, and 3.7 per cent in 2008 -is underpinned by a… Read more »

MN: Foreclosures Improving in State

Jan Schley, a real-estate agent with 1 Stop Realty, of Kasson, has been selling foreclosed houses in Dodge County and surrounding areas for 20 years. “There’s never been as many as in the last two years,” she said. And while the first quarter of 2010 has had fewer cases, “they tell us that there’s a… Read more »

Check Out America’s Most Expensive Homes

Candy Spelling, widow of television giant Aaron, has listed the Manor, Los Angeles’ largest, and arguably most opulent, house up for sale at US$150-million, out-pricing every other listed home in the country. Just down the street the owner of a sprawling classical style marble mansion is asking for US$125-million, making it the second most-expensive home… Read more »

Featured Gay Friendly Realtor: Martie Law, Kauai, Hawaii

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Kauai Realtors and Real Estate Professionals Martie was born and raised on Kauai, and her grandfather founded Sleeping Giant Realty back in 1974. He never imagined that… Read more »

MA: Foreclosures Jump on Martha’s Vineyard

As the nation grapples with a foreclosure crisis, Island bank and real estate professionals agree the wave of foreclosures is less severe on Martha’s Vineyard than other places in Massachusetts, and other places across the nation. But the Island is not immune. The number of foreclosures in Dukes County spiked in 2009 and 2010, with… Read more »

NY: Wealthier Areas See Real Estate Price Increases

New York area home prices have held up better than most other major metropolitan areas, with wealthy commuting suburbs providing the bulk of recovery while towns farther from the city have lagged, brokers and analysts said. Those mixed results came after a national survey this week found that December home prices in the New York… Read more »

San Francisco: Mid Market Real Estate Due for a Revival?

Josette Melchor spends much of her time devising ways to lure art lovers into the contemporary exhibition space she runs in downtown San Francisco, halfway between the city’s Civic Center and bustling Union Square. She also spends time making sure other people stay out. “We don’t have open doors, ever. They’re always locked,” said Melchor,… Read more »

FL: Will Everglades Restoration Help Local Economy?

Another big Everglades project broke ground on Friday, a $79 million job in Southwest Florida to plug a drainage canal, install a massive pump to pulse freshwater back into thirsty wetlands and salty estuaries and rip out 100 miles of overgrown roadbed, remnants of a long-dead real estate fiasco. It’s the second phase of work… Read more »

Featured Gay Friendly Realtor: Ken Libby, Stowe, Vermont

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Vermont Realtors and Real Estate Professionals Ken has been a Stowe area Realtor(R) since 1979, and he has listed & sold both residential & commercial investment real… Read more »

Has Homeownership Lost Its Luster?

Meredith Carr and Vince Melamed of Brentwood are just the sort of couple real estate agents have always counted on to buy a home. Melamed is a successful keyboardist and songwriter who wrote hits including Trisha Yearwood’s “Walkaway Joe,” and Carr is a freelance editor. They owned a home in Nashville, but when they moved… Read more »

FL: Investors Buying Up Fort Lauderdale Condos

Investment groups completed two more Broward County bulk condo deals in the past week. Last Friday, Miami-based Sonata Grand LLC, headed by Pierre Heafey, spent $9.7 million, or $173 a square foot, for 22 units at Sonata Beach Club in Pompano Beach, according to CondoVultures.com, a real estate consulting firm. This week, Village East Investment… Read more »

Canadian Real Estate Market Will Likely See Steady But Not Stellar Growth

The Canadian housing market remains strong, but the days of double-digit gains in real estate are largely over, according to the president of Coldwell Banker Canada. And that’s all the more reason to view your home purchase primarily as a lifestyle decision rather than an investment in the hopes of a “quick return,” John Geha… Read more »

How to Pursue a Home Loan Modification

Home owners all across the world wait with baited breath of any news regarding a change in the home loan structure, mortgage loan structure, any reductions accompanying these type of loans etc. The loan modification process introduced by the Obama administration is a benchmark in the history of American real estate market as the mortgage… Read more »

Featured Gay Friendly Realtor: Millynn James, Portland, Oregon

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Portland, Oregon Realtors and Real Estate Professionals Top-producing broker serving the LGBT community’s real estate needs for 15 years, 34 years an out lesbian activist. About Gay/Lesbian… Read more »

New Loft Apartments Planned for Buffalo, New York

More loft style apartments are planned for Buffalo – this time in North Buffalo. Ciminelli Real Estate has inked a deal to puchase Bethune Hall and renovate the four-story structure into loft apartments. The building is located on Main Street near Bennett High School. At one time it housed the Buffalo Meter Company but recently… Read more »

Minnesota: Farmland Real Estate Sales Booming

The bidders drove over snow- and ice-covered highways for a chance to own one of the most lucrative properties in the U.S. Midwest: 120 acres of farmland in Greene County, Iowa. The winner of last month’s auction at St. Joseph’s Parish Center in Jefferson offered $8,200 an acre — almost $1 million — for the… Read more »

Five Tips for Gay & Lesbian Homeowners

LGBT home sellers should understand that it is still a buyer’s market and that the average time it takes to sell a home is more indicative of a bear market than it is of a bullish one. With that in mind, LGBT homeowners who hope to sell in 2011 are encouraged to be proactive about… Read more »

CA: Luxury Home Sales Up 21%

Even the rich love a deal. California homes priced at $1 million or more experienced a sales boom in 2010, the first increase in five years, even as overall home sales in the state declined, a real estate information service reported. The reason: High-end home shoppers went bargain hunting as certain parts of the economy… Read more »

Featured Gay Friendly Realtor: Gregg Klar, Austin, Texas

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Location Realtors and Real Estate Professionals in Austin, Texas Gregg is always available to give you personal, one-on-one help with the biggest decision you’ll make in your… Read more »

OR: Ashland Area Realtors Hopeful for 2011

Perhaps the bright blue sky outside Thursday foretold better things to come. But with home prices continuing their five-year downward spiral, those in the know made no effort to sugarcoat the local real estate forecast for 2011. Reviewing 2010 and giving their hazy best guesses for the new year, Rogue Valley Association of Realtors representatives… Read more »

San Diego Real Estate Affordability at All-Time High

Home affordability for first-time buyers in the San Diego region reached a record-high last quarter, made possible by historically low lending rates and slight drops in median home price, according to an index from the California Association of Realtors late this week. Sixty-two percent of first-timers in the region can afford starter homes, rising from… Read more »

Dallas-Fort Worth Sees Home Price Dip

Dallas-Fort Worth home prices fell a negligible 0.2 percent in the fourth quarter. The decline was the first such drop since mid-2009 for the D-FW area in the National Association of Realtors’ quarterly U.S. home-price report. Nationwide, home prices inched up 0.2 percent from a year earlier during the same period, according to the Realtors’… Read more »

DC: Home Sales in January Up 31% Over Last Year

Home sales in the Washintgon, D.C., metro region got a bump last month, according to one index. Pending sales were up 31 percent from a year earlier, according to RealEstate Business Intelligence, a subsidiary of Metropolitan Regional Information Systems of Rockville. The index is a two-year moving window that uses pending sales and median sales… Read more »

“Boom” Gay Planned Community Coming to Palm Springs

Boom, a planned community slated for 100+ acres in Rancho Mirage, was originally conceived with gay people in mind, but straight people can come too–everyone’s invited to the multi-generational, pedestrian-oriented, culture-driven, hyphenation-mad little burg, for which plans include 300 residences in eight neighborhoods, an entertainment complex, a boutique hotel, a gym, and “state-of-the-art wellness facilities”… Read more »

Is Seattle Real Estate Market Bouncing Back?

Fourth quarter real estate numbers are dismal, but the picture changes when you look at what happened in January. A new report from Zillow.com shows a drop in home values and an increase in people who owe the bank more than their home is worth. According the Zillow’s data, nearly three out of 10 local… Read more »

MN: Twin Cities Real Estate Values Still Dropping

With each passing month, woes continue for the Twin Cities housing market. A steady stream of reports show the housing market still faces a mighty struggle, as home values continue to fall and the number of homeowners who owe more on their mortgages than their houses are worth continues to rise. The latest data, from… Read more »

GA: Atlanta Home Values Dropped to 1999 Levels in 2010

Home values in metro Atlanta fell 15 percent in the final three months of 2010. That’s according to real estate company Zillow, which tracks home prices nationwide. By comparison, homes values only fell 6 percent nationally. More than 54 percent of single-family homes in Atlanta are worth less than their owners owe on them. What’s… Read more »

AZ: Phoenix Foreclosures Account for 43% of Home Sales

Foreclosures accounted for 43 percent of January’s home sales in the Phoenix area, bouncing up from about 30 percent of single-family resales in the last few months of 2010. The latest report from Arizona State University’s W.P. Carey School of Business also reports that more than 3,600 single-family homes were impacted by foreclosure proceedings in… Read more »

Planned Boston Gay Retirement Community Files for Bankruptcy

The entity formed to build what was to be Boston’s first retirement community catering specifically to gay men and lesbians filed Tuesday for Chapter 11 bankruptcy protection. Stonewall Miner LLC listed assets and liabilities both in the range of $1 million to $10 million. The company’s Fenway project never broke ground, according to media reports… Read more »

CO: Vail Real Estate Market Picked Up in 2010

With final numbers for the year in hand, 2010 looks like a good news/bad news year for local real estate. First, the good news: * Transactions were up by one-third over 2009. * Total sales volume increased by two-thirds over 2009. * Whether or not prices have hit bottom, buyers are coming back, if not… Read more »

MN: Minneapolis Real Estate Market Showing Signs of Life

Employment, hospitality, entertainment and mass transit usage were up last year in downtown Minneapolis. The commercial real estate market absorbed the equivalent of nearly four Target stores full of space, and vacancy rates started to decline. Crime and homelessness also were down as business rebounded and the arts-and-entertainment industries surged. Those are the headlines from… Read more »

SC: Lowcountry Real Estate Market Improving

The real estate business chugged toward recovery last year in both the Hilton Head Island and Beaufort areas, according to statistics and Realtors. Home, condo and villa sales increased 16.1 percent to 2,486 in the Hilton Head area and by 21.7 percent to 963 in the Beaufort area compared to 2009, the South Carolina Realtors… Read more »

BofA Getting Out of Reverse Mortgage Business

Due to “competing demands and priorities that require investments and resources be focused on other key areas of…business,” Bank of America has announced that it will be pulling out the reverse mortgage origination business[1]. The decision follows in the wake of much bad press from around the country as BofA finds itself under attack in… Read more »

AB: Edmonton Real Estate Sales Start Slow in January

Edmonton-area home sales started 2011 at a considerably slower pace than 2010, show MLS figures released Wednesday by the Realtors Association of Edmonton. Residential sales for the Edmonton region in January were 735, down 11.9 per cent from December and off by 21 per cent from January 2010. Buyers began entering the market in January… Read more »

NY: Manhattan Condo Prices Dropped in November

In November, prices fell by 2.9% to $1,037.63 per square foot from October, according to real-estate data company Radar Logic’s monthly RPX index. The decline marks a reversal from the upward trajectory Manhattan condo prices have been on since hitting a four-year low of $932.42 per square foot in May 2009. Since then, the city’s… Read more »

BC: Vancouver Housing Market Hanging in the Balance

Metro Vancouver’s housing market remained in balanced market conditions in January, although there were signs of a sellers’ market returning with higher levels of demand in larger communities. “There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to… Read more »

Will US Housing Prices Stabilize in 2011?

Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but… Read more »

Five Hidden Costs for Homeowners

The decision to rent or buy can be complicated. There are a lot of factors to consider–market statistics, home prices, how long you plan to stay in your home, how fast rents rise, and so on. There are online calculators that can give you a rough idea of whether it would be better for you… Read more »

Dubai: Three Manmade Islands in The World Project For Sale

Three islands on The World project here in Dubai ­Finland, Sapporo and Kathmandu – are up for sale in the secondary market, Emirates 24|7 can reveal. Two Dubai-based real estate agencies have put online adverts for sale of the islands, with Finland and Sapporo, the high-density islands, offered at a discount. The 350,226.00-square feet Finland… Read more »

Is Sustainable Living the Wave of the Future?

TURNING green is becoming more and more popular among homeowners as rising household costs, government legislation and greater environmental awareness combine in favour of making a change. Real Estate Institute of Queensland managing director Dan Molloy said sustainable housing was no longer a fringe issue and was increasingly seen as a smart investment decision undertaken… Read more »