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Since prices started to drop in mid-2006, each U.S. homeowner has lost $50,000 in real housing wealth; and, even if the market proves to have already bottomed out, the collapse has “eliminated most, if not all, of the gains that families had made in accumulating wealth over the last two decades."...
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Since the beginning of the U.S. housing downturn two years ago, builders have strived above all to slim down, selling off land and homes to buttress their balance sheets, even at the expense of profits....
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An Abu Dhabi sovereign-wealth fund has purchased a majority stake in the Chrysler Building, an iconic New York City skyscraper....
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The number of Americans losing their homes to foreclosure continued to soar in June, according to a report released Thursday....
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The New York Times announced it removed many of the horizontal ceramic rods that cover its headquarters in Midtown Manhattan on Wednesday afternoon, a few hours after a man climbed up on the skyscraper. It was the third man to do so in the past few weeks....
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Residents of a polluted neighborhood sued the city and a waste recycling company Wednesday, saying that putrid odors emanating from two nearby sewage facilities are ruining their lives.
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U.S. immigrants are taking their hard-earned money and spending it on homes in their native countries, thanks to private lenders and other financing that makes the real estate purchases possible. Particularly popular are developments with American-style amenities....
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Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark...
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Hundreds of cement-truck drivers went on strike days before the Fourth of July holiday weekend, disrupting some of the largest construction projects in the city including the World Trade Center site....
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Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases....
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The retail giant made the announcement July 1 following a "rigorous evaluation" of its U.S. company-operated stores to sort out underperformers. ...
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Chicago at the top of the list, with New York a close second. Los Angeles, Washington, and Portland, Ore., were also featured....
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Carlyle and Crown Acquisitions Snatch Up Manhattan Retail Flagship...
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Toll Brothers Inc., the largest U.S. luxury homebuilder, had its credit rating cut to junk by Moody's Investors Service as weak demand deepens the housing recession....
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The new penthouse of the 62-story Trump International Hotel & Tower on Palm Jumeirah in Dubai is expected to sell for $790 million...
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on
22 July, 2008 02:11:20