Foreclosures pushing appraisals down in some areas

Foreclosures pushing appraisals down in some areas
share: digg facebook twitter Most properties have basically treaded water or sunk slightly in value, thanks to a ho-hum real estate market and a rash of foreclosures. In some areas, particularly to the south, foreclosures made up a significant chunk of the real estate market, hurting the value of [...]

Beijing authorities crack down on ‘hedonistic’ adverts

Beijing authorities crack down on ‘hedonistic’ adverts
AS THE gap between rich and poor in China continues to widen, city authorities in Beijing are taking aim at outdoor advertisers seeking to promote “hedonism, lavishness and the blind worship of foreign things” in a crackdown on luxury lifestyles.
Read more on The Irish Times

GDP could be revised down to 1.3%, economists say

GDP could be revised down to 1.3%, economists say
WASHINGTON (MarketWatch) — Growth in the U.S. economy from April through June was probably softer than first estimated by the government, private economists said Wednesday after updated trade figures for June were published showing higher imports. Instead of growing at a 2.4% annualized pace in the second [...]

Toll Brothers: Orders Up, Cancellation Rates Way Down, Toll buying Lots Again (Uh, Oh!)

Toll Brothers: Orders Up, Cancellation Rates Way Down, Toll buying Lots Again (Uh, Oh!)
Toll Brothers, the self-proclaimed “leading builder of luxury homes,” reported that net home contracts totaled 866 in the quarter ended April 30th, up 40.9% from the comparable quarter of 2009. Gross orders were up 16.6% from a year ago, while sales cancellations [...]

Driving Down the Road: 2010 Lincoln MKS

Driving Down the Road: 2010 Lincoln MKS
If your impression of Lincoln is limited to Town Cars and Navigators, with maybe some historical interest in the form of the classic, knife-edged Continental of the early 1960s or the excessive styling of the late-1950s Premier, you’ve missed something important.
Read more on The Capital

Sales of million-dollar-plus homes way down

Sales of million-dollar-plus homes way down
Times are tough in the mansion market. Last year’s sales of $1 million-plus homes in California were paltry compared to the boom days, according to a real estate report released Thursday. Tight credit, skittish buyers and sagging prices caused the number of…
Read more on San Francisco Chronicle

McMansions are scaling down as builders cut costs for luxury homes

McMansions are scaling down as builders cut costs for luxury homes
McMansions are scaling down as builders cut costs for luxury homes
Read more on The Palm Beach Post