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 »

2010 Was a Tough Year for Tulsa Real Estate

2010 was the worst year for Tulsa-area home sales in over a decade, as consumers still jittery about the economy put off buying new places to live. Then again, there have been much worse years for home sales, said John Woolman, president of McGraw Realtors. “It was worse in the ’80s,” he said. “People just… Read more »

Portland, Maine Office Vacancies at New High

Drew Sigfridson is a property broker with The Boulos Company, which has just released a survey on the office market in Maine’s biggest city. He says there’s now almost 1.3 million square feet of desk and cube space sitting empty–that’s 11.2 percent of all available space. “Essentially what we saw in 2008, 2009, 2010, was… Read more »

US: Foreclosures Up in Most Major Cities

The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits. In Seattle, Houston and Chicago, cities that were relatively insulated from foreclosures early on in the housing bust, a growing number of homeowners are falling behind on mortgage… Read more »

NV: One in 10 Reno Homes Foreclosed in 2010

RealtyTrac released its 2010 Year-End Metropolitan Foreclosure Market Report on Wednesday, and one in every 16 Reno-Sparks homes went into foreclosure in 2010. The national average was one in 45 homes. Reno-Sparks ranked 11th on the list of the nation’s 206 metropolitan areas in foreclosure activity. In 2010, 11,005 properties received a foreclosure notice. That… Read more »

Zsa Zsa Gabor to Sell Beverly Hills Estate

Zsa Zsa Gabor’s mounting medical bills and the staggering monthly costs of upkeep on her sprawling estate were the driving factors behind the decision to put the property on the market, the actress’ husband said today. Prince Frederic von Anhalt gave reporters a tour of the 28-room, 12,000-square-foot mansion, and explained that he had no… Read more »

Is Real Estate A Good Hedge Against Inflation?

It often gets thrown around that owning real estate is a good “hedge” against inflation. That is, real estate prices will inherently rise under inflationary pressures. As far as conventional wisdom goes, this seems to be the case. But does this relationship actually hold true? To investigate this idea further, we looked at three separate… Read more »

US Sees Third Month of Commercial Real Estate Price Increases

U.S. commercial property prices rose 0.6 percent in November from the previous month, the third consecutive gain, as the economy showed signs of improvement, according to Moody’s Investors Service. The Moody’s/REAL Commercial Property Price Index climbed 2.8 percent from a year earlier, Moody’s said in a report today. It is up 6.4 percent from an… Read more »

Detroit Real Estate Offers Some Great Opportunities

Residential and commercial development in Detroit remains extremely challenging, but opportunities are emerging in both residential and commercial real estate, according to a panel of experts that spoke today at a University of Michigan Ross School of Business conference about revitalizing the city. “We’ve lost 30% plus in valuation over the last 10 years,” in… Read more »

Five Tips For Buying a Home

With low interest rates and foreclosure and short-sale properties on the market, many first-time home buyers have made the decision to enter the market. If home ownership is finally within your reach, be sure to keep these five tips in mind before beginning the process. 1. Do Your Homework: Use the Internet or a Realtor… Read more »

How to Understand Real Estate Contracts

Let’s say you’ve done the exciting part: You’ve gone out and found a house to buy at the right price! Once your offer is accepted, you’ll be presented with a real estate contract. This is something that your lawyer looks over, and often negotiates terms of – but you need to understand it, too. Let’s… Read more »

HUD Announces New Rules to Protect Gays, Lesbians, Transgender People From Discrimination

U.S. Housing and Urban Development officials spoke to select members of the gay media today to announce new proposed regulations to ensure equal access to housing regardless of sexual orientation or gender identity. “Unfortunately, we’ve seen evidence that lesbian, gay, bisexual, and transgender individuals and families are being arbitrarily excluded from some housing opportunities,” said… Read more »

New York Real Estate Prices Still Dropping

Despite a big pick up in the number of commercial buildings sold last year, as well as in the total sales prices, average property values are still sinking. Citywide property values in 2010, based on price per square foot, fell 8.4% last year from 2009 levels, according to year-end figures released Wednesday by Massey Knakal… Read more »

Featured Gay Friendly Realtor: Bob Sedlor, 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, Texas Realtors and Real Estate Professionals Bob has built a reputation for customer satisfaction, and he is devoted to making your move as easy as possible…. Read more »

The Advocate’s 9th Gayest City in America: Seattle

Seattle has always had a creative, fun gay scene, making this cosmopolitan city the shining gay star of the Pacific Northwest. This is where the graceful and hip Ace Hotel chain got its start. It’s where The Stranger hosts its yearly homemade porn film festival. It’s the home of gay spokesman Dan Savage, founder of the… Read more »

Will US Cold Spell Drive Florida Real Estate Sales?

How’s this for marketing material: Last Tuesday, nearly 70 percent of the contiguous United States was covered in snow, and the National Weather Service said every state except Florida reported snow on the ground — even Hawaii. That has some optimistic Realtors and real estate agents around the state thinking that the brutal winter weather… Read more »

Forbes Lists US’s Most Affordable Cities

The Great Recession is forcing a lot of people to do more with less — including a lot less money for their daily living expenses. And while consumers haven’t been migrating to the degree they did during the Great Depression, there are probably quite a few who would seriously consider moving to a less expensive… Read more »

Are New Appraisal Rules Stifling Home Sales?

Local realtors complain that new guidelines for real estate appraisals have further depressed metro Detroit’s real estate market. Jan. 16, Detroit Free Press: Detroit-area real estate agents say up to 40% of their deals have unraveled in the past year as stringent laws regulating home appraisals have made it tougher for homeowners to get the… Read more »

National Association of Realtors: Winter Good Time for Buyers & Sellers

Is there a “best time” to sell your home? According to local real estate professionals and the National Association of Realtors, factors such as interest rates, employment, competitive pricing and even the school calendar year are factors to consider when selling a home in any season. The National Association of Realtors website states several advantages… Read more »

The Advocate’s 10th Gayest City in America: St. Louis

This is the open-minded heart of the Midwest. Anheuser-Busch just made a cash donation to the gay-and-lesbian-centric Gateway Business Guild, and St. Louis artist and gallery owner Philip Hitchcock was named as Mr. Midwest Leather 2010. But it was last October’s First Annual Trans Family Picnic, put on by local advocacy group TransHaven (TransHaven.org) in… Read more »

Four Tips for Finding a Good Realtor

Finding a real estate agent is not hard. Stick a store-bought For Sale sign on your lawn and wait for real estate agents to start calling. The hard part is finding one who is really good at what they do and who will work hard for you and with you. Barry Zigas, director of housing… Read more »

Money Saving Tips for LGBT Homeowners

Saving energy around the house makes sense, and it can also help save a significant amount of money now and in the future. Here are a handful of ideas that are especially helpful but are often overlooked by those LGBT homeowners trying to minimize their energy consumption: Sustainable landscaping A more sustainable landscape not only… Read more »

How is Buying a Home Different for Gay/Lesbian Couples?

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 Kathleen McMullen about buying real estate as a gay or lesbian couple.  (click here to see Gay Realty Network’s Phoenix real estate page): As… Read more »

Featured Gay Friendly Realtor: Barbara Stone, Dallas, 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 Dallas Realtors and Real Estate Professionals As a multi-million-dollar producer, Barbara Stone has over 25 years of cutting edge business skills and experience to help gay and… Read more »

The Advocate’s 13th Gayest City in America: Denver

With its new Gay and Lesbian Center (GLBTColorado.org), its gay state senator, Pat Steadman, and its newly appointed gay supreme court justice, Monica Marquez, Denver exemplifies that equality is inevitable – and hard fought. It’s just been 19 years since Colorado voters approved the antigay Amendment 2 (ruled unconstitutional by the U.S. Supreme Court in… Read more »

The Advocate’s 15th Gayest City in America: Miami

Miami has finally graduated from party town to something more sophisticated. Over the past 10 years, the city has zipped itself up, with Art Basel lending an air of international sophistication. The Design District has given the city its own promenade of chic stores and restaurants, and style boutiques like the Webster (TheWebsterMiami.com) and Alchemist… Read more »

Featured Gay Friendly Realtor: Jeffrey Fowler, Rehoboth Beach, DE

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 Rehboth Beach Realtors and Real Estate Professionals Jeffrey has over 28 years experience working in the business world for some of America’s largest companies. His knowledge and… Read more »

Houston Real Estate Market Set to Grow in 2011

The Houston real estate market was one of the strongest in the country last year. In 2011, it could enjoy the same distinction. This is the general consensus among many real estate and economic analysts. Here’s what people are saying about the Houston housing market in 2011. Clear Capital, a company that provides real estate… Read more »