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Real estate stocks remain strong; KSE index continues to gain strength, up 0.5%
31 May 2006 at 6:27am
KUWAIT CITY, May 30: The Kuwait Stock Exchange (KSE) closed up for the sixth day Tuesday, edging 0.5 per cent higher at the end of a brisk trading session. The stock market opened sharply up, but failed to hold on to the momentum. The session was
B.C. realty firm expands eastward
31 May 2006 at 4:34am
CALGARY - A well-established British Columbia real estate brokerage firm is expanding to Alberta as part of an ambitious plan to move into provinces across Western Canada.The expansion plans come at an opportune time as the resale housing market |
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Can you still get rich in real estate? - CNN International
29 May 2006 at 1:24pm
Can you still get rich in real estate?
CNN International - 22 hours ago
… mean, however, that real estate is about to crash across the United States. First, if you live someplace that hasn't gone wild - think Atlanta or Philadelphia … |
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Braves faithful urged not to worry (Houston Chronicle)
22 May 2006 at 11:10pm
Stephen Greenberg, the point man for Time Warner's negotiations to sell the Atlanta Braves, says talks are progressing with "no hang-up whatsoever." Greenberg would not confirm Friday that Time Warner is in exclusive talks with Colorado-based Liberty Media, though he spoke positively about the company that could become the Braves' next owner. |
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Baby boomers love their real estate. So much that they're counting on it to help them fund retirement.
Since most of them haven't saved much, they'll probably need it.
One in four Americans born from 1946 to 1964 own more than one property, according to a survey of nearly 2,000 boomers done this spring by Harris Interactive for the National Association of Realtors. They're also much more likely than the total U.S. population to own their primary residences.
Boomers have "an almost insatiable desire for real estate," David Lereah, the NAR's chief economist, said in a statement. They see real estate as "a way to build and protect a nest egg."
Boomers own 57% of vacation homes and 58% of rental property, according to the NAR. Beyond their primary residences, 13% of boomers own vacant land, 8% own rental property, 7% own a vacation or seasonal home and 2% own commercial real estate.
Get more on this story…
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Sales of existing homes fell in April, and the price posted the smallest increase in 4½ years, new signals that the nation's once red-hot housing market has cooled.
The National Association of Realtors said Thursday that sales of previously owned single-family homes and condominiums dropped 2% last month to a seasonally adjusted sales pace of 6.76 million units.
The median price of homes sold in April rose to $223,000, an increase of 4.2% from April 2005. That represented the smallest year-over-year price gain since September 2001. The price was up $5,000 from March.
Prices in the Midwest actually fell 1.2% in the April to April period, a fact that Lereah attributed to weak job growth and a rising inventory of unsold homes.
More on this story…
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