In 2.5 Years Home Sales Increased to the Highest Level

November 25, 2009
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October home sales went up 10.1 percent, beating the expectations, as tax credit prompted sales.

For second month in a row in October, home sales ascended to the highest level in two and a half years as first time buyers hurried to take advantage of an expiring tax credit.

According to the data showed on Monday, home sales are now up to nearly 36 percent far from their bottom in January, although the sales are still 16 percent below the peak in autumn of 2005. There is only a 7-month supply of homes on the market and in some areas where there are bidding wars.

The National Association of Realtors stated that home…

A Greener Environment with the Help of Commercial Real Estate

November 25, 2009
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According to KPMG – a leading accounting firm, the energy consumption for both old and new commercial buildings may be cut by an approximated 30 to 50 percent while generating a flattering return on investments.

The major source of both direct and indirect greenhouse-gas emissions are the commercial buildings, as reported in Climate Change: Risks and Opportunities in the Canadian Commercial Real Estate Market.

Direct greenhouse-gas emissions are those of that came from the on-site combustion of fuels for heating as well as for cooling; these are also present in using refrigerants – which are dominant greenhouse gasses.

On the other note, indirect emissions are found in the production of construction materials and…

Federal Chairman Discussed Housing: A Real Estate Viewpoint

November 25, 2009
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Ben Bernanke, Federal Reserve chairman, make public a forecast last week that integrated some significant observations on housing but did not catch the attention it deserves.

Bernanke illustrated some of the well-known problems standing in the way of economic development especially the double digit unemployment and consumer confidence that has been shaky week by week at best.

In his speech he stated that “Housing in the coming year is going to be a relative bright spot - a helpful driver of national economic growth, rather than the wet blanket it’s been for the past couple of years.”

In 2010, as stated by the Fed, home sales and new home production are probable cause…

Home In Converted Church Is Blessed With Five Levels

November 24, 2009
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A century-old church in Riverdale, which is 1,800 square-feet, features a one-bedroom along with a den plan.

According to Edwin Brdlik, owner of Toronto Lofts Realty Corp, authentic lofts are unique but in churches are most exceptional.

Among the 32-unit converted Presbyterian Church is the 1,800-square-foot dwelling. The converted church was constructed at the corner of Pape and Harcourt avenues in 1912 and was later expanded in1920.

As the church fall into disrepair when a project to renovate the property began in 2004, the congregation had diminished. To date, only the north part of the Gothic restoration is the place for worship whereas the rest has been altered into loft condominiums.

Around the Glebe…

Oregon Mortgage Fraud Scam - 13 Charged

November 24, 2009
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The Federal Grand Jury in Eugene, Oregon has charged 13 individuals due to multiplicity of mortgage and loan fraud that caused the collapse of Desert Sun Development (DSD) – a company previously located in Bend, Oregon.

The 13 persons charged were Tyler Fitsimons, 31, Prineville; Shannon Egeland, 35, La Grande; Jeremy Kendall, 33, Redmond; John Partin, 65, Bend; Robert Brink, 58, Junction City; Garret Towne, 29, Culver, Shaun Little, 41, Bend; Del Barber, Jr., 44, Bend, Jeffrey Sprague, 46, Bend, Barbara Hotchkiss, 40, Redmond, Kevin Palotay, 46, Bend, Teresa Ausbrooks, 47, Bend, Michael Wilson, 58, Murrells Inlet, South Carolina.

DSD has built commercial buildings and residential housing across Central Oregon from 2004…

Rob Lowe and Wife Sold a Six Bedroom House in Montecito, CA for $7.6 Million

November 24, 2009
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Rob Lowe and wife, Sheryl Berkoff sold their six bedroom house in Montecito, CA for about $7.6 Million.

According to reports in a Big Time Listing exclusive, Lowe’s sale of the house also includes the 1.13-acre lot at 735 Fuera Lane in Montecito that is in Santa Barbara County.

Buyers of the said property are not a celebrity according to the reports. Digging the reports of Lowe’s Profile Property Trust, it will reveal that the property was sold on May 11 and was recorded on May 19.

The house that Lowe has sold was built in 1929 has five full baths and one half bath. It was originally designed by William McCay but…

California October Home Sales Increased Due To Foreclosures

November 22, 2009
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Approximately 41,280 new and resale houses as well as condos were sold statewide in October of this year. It has increased with 2.6 percent from September 2009’s 40,216. In comparison to October 2008 record it has decreased with 2.4 percent of 42,293 sales.

According to San Diego-based MDA DataQuick - a division of MDA Lending Solutions, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates - the increase in sales of houses was because of the dip in foreclosures and an increase in sales for the high-end market.

The median price for a shelter last month was reportedly amounted to $257,000 that is up by 2.4 percent from the $251,000 median price in…

Planning To Venture In A Home Rental Business? Here Are Some Tips

November 17, 2009
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Offering homes for rent will definitely give you easy money but still, you will have to consider several points before getting into this kind of business. Today, we are sharing  with you some advice to help you find and choose a better or even perfect rental properties.

Occupants nowadays are meticulous when it comes to selecting homes as they desire for the best residence in favor of their family aside for getting the best value for their riches. Because of this, you should carefully examine homes before acquiring them. Make sure that it will guarantee you stable earnings instead of getting more liabilities. Aside from this, also see if the property…

Chicago Bears Defensive Tackle Dusty Dvoracek Sells His Home For $344,500 To His Teammate Juaquin Iglesias

November 17, 2009
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Chicago Bears defensive tackle Dusty Dvoracek is out for the rest of NFL’s 2009 season due to a recent arthroscopic knee surgery but aside from this news, he is also being featured here for selling his house in far north suburban Lake Villa to Chicago Bears’ wide receiver Juaquin Iglesias.

Juaquin Iglesias had a successful career at the University of Oklahoma before being drafted by the Chicago Bears in the recent NFL draft. Also a first-time homebuyer, Iglesias was also reported to pay as much as $344,500 for Dvoracek’s house. Dusty Dvoracek purchase this house back in 2006 for $365,000 and listed it for $389,000 in January 2009 before reducing it…