Manhattan Beach Tops Million-Dollar Home Sales

March 24, 2009
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The recession may have hit the housing industry resulting to very low median home sales prices. However there are some areas that are still enjoying million dollar home sales. On top of the list is Manhattan Beach which had more home sales beyond the one million mark compared to other communities. The most expensive home sold in Manhattan Beach is worth $6.90 million. Manhattan Beach also topped the number of sales in 2008 with 296 home sales. It is however a reduction from the 2007’s 403 home sales.

The most expensive home was however sold in Hillsborough at $8.26 million. Hillsborough had 274 homes sold in 2008 compared to 384 in…

H.H. Richardson-Designed House For Sale

March 19, 2009
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If you are on the lookout for a pedigreed treasure then take a look at this home for sale which was designed by architect H.H. Richardson. Richardson is considered one of the greatest American architects who became active in New England and in the areas of Boston and Chicago. The exquisite house is still filled details that are a mix of aesthetics and convenience. Take note of the pocket doors, three elaborate fireplaces, ceiling medallions, rich millwork and moldings. There is even a center-island granite kitchen for the family that loves to cook.

Pedigree and history aside, this house for sale is also very convenient as it does not only provide…

New Apartment Construction Seen

March 19, 2009
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A sharp rise in the construction of new apartments has led to a 22.2% increase in housing starts in the United States.  The seasonally adjusted rate of 583,000 units for the month of February has surprised many analysts considering the state of the housing industry. National Association of Home Builders Chief Economist David Crowe said while this is welcome news it is however only a modest rebound from January which is considered the worst month in the history of new home production.

There is also an 11% increase in the number of building permits issued for single family homes from January to February bringing the number to 373,000. NAHB chairman Joe…

Downsizing in Provo, Utah

March 17, 2009
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If you’re tired of living the hectic and fast-paced urban life where you don’t even know your neighbor then living in Provo, Utah is a great option. Provo is the top choice among the best alternative places to live but there are other midsize metropolitan areas that you can choose from including Boulder, Colorado and Madison, Wis. These areas contain only 20% of the total population of the United States and that may be the reason why they have been chosen as appealing alternative destinations.

Utah, Boulder, Madison and the rest of America’s 124 midsize metropolitan cities have a minimum population of 250,000 but they rarely breach the one million mark.…

Bungalows For Comfy Living

March 17, 2009
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The increasing demand for residential homes amid the rising population and limited space availability has started a housing trend known as bungalows. These are diminutive homes less than 1,500 square feet with one bathroom and one bedroom, sometimes two. Bungalows usually do not have garages and yards are a rarity when possible. The bungalow is a limitation to the American dream of homes with mega space but it is becoming a trend among small American families who like the compact way of life.

The bungalows are actually nothing new since they were built as early as the 19th century. Living in a bungalow meant living a simple life. With their affordable…

Bargain Hunters Off To Palm Beach

March 17, 2009
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South Florida’s market is a haven for bargain hunters thanks to plunging home prices. Bargain hunters are now off to this home buying haven resulting to a rise in the region’s first time home buyers and those taking advantage of the affordable homes. The Florida Association of realtors said home sales in Pam Beach County has increased by 11% from 369 a year ago to 408 last month.

The average price of homes in the area went down by 32% from $343,200 in January to only $232,100. This is the lowest home price in the last six years and is a 45% decrease compared to the peak home price of $421,500…

South Florida Tough Market For Home Sales

March 16, 2009
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The South Florida market is becoming a tough market for selling a home. A report prepared by Real IQ and Altos Research shows that houses in Miami-Dade, Broward and Pal Beach tend to linger in the list for 193 days. This is crazy considering the big price declines experienced by homes here. The total number of days that a house listing will stay in the market is an increase from the previous period of only 156 days. This is even greater than the 180 days period before a house is taken off the list in Chicago.

Apparently, South Florida has been suffering from the slowest sales rate month after month since…

New York Feels Real Estate Market Pinch

March 16, 2009
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New York City must have felt it was invincible when its real estate industry remained strong compared to the other markets a few months after the housing bubble burst. However, New York City’s real estate market is starting to feel the pinch of the global recession. New York is home to the top global companies, the stock exchange and banks and as NAI Global New York City executive managing director Andrew Simon said, the city has been hit hard by the recession and is starting to feel this with less transaction activities and more space back in the market when they can be easily leased on sold under normal circumstances.

Rent…

Trump Tower In Waikiki To Open 2009

March 13, 2009
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The economy may be down but real estate mogul Donald Trump is not letting this affect his plan to conquer the real estate industry. The Trump Tower Waikiki Condominium, which is considered one of Hawaii’s most exciting real estate developments, is set to be completed this year. Three units, including two bedroom units with unobstructed sunset and ocean view, have recently been made available to the public. However, these units could not be bought via the traditional MLS market and are available on a first come first serve basis and subject to a 20% down payment.

Dubbed as one of the first properties in Hawaii classified as ultra-luxurious, the Trump International…