Warren Sapp's Luxurious Diggs for Sale After Long Career

October 10, 2012 / Russell Legato, Residential Property Analyst
The former professional football player, warren Sapp, played college ball and was defensive tackle in the NFL for thirteen years. He began playing with the Hurricanes, at University of Miami. He was an All-American who was drafted by Tampa Bay, where he spent nine seasons. He holds awards and record sacks and other statistic firsts. He owned 215 pair of Air Jordon, some of which he sold on eBay. Facing a bankruptcy, his fabulous mansion... »

Housing Market Fundamentals Best Focal Point

October 09, 2012 / Russell Legato, Residential Property Analyst
Housing Market Fundamentals Best Focal Point Concentrating the economy’s analysis on the housing market fundamentals are a bright ray of hope in a morass of slow recovery. True, the improvement is not as rapid as economists would wish. But, it is increasing faster than employment and other areas, for example. Homes for sale are being listed at higher prices. As sales increase, jobs in the construction industry increase along with them. As the pool of existing homes is depleted, builders can... »

Obama Says Congress Obstructing His Homeowner’s Improvement Plan

October 05, 2012 / Russell Legato, Residential Property Analyst
Obama’s housing plan was the most prominent item on his agenda during his weekly address. He will be traveling to Nevada, which has been called ground zero for the housing crisis still plaguing the country. He is urging Congress to approve a plan presented last February to help those he calls responsible homeowners. They would be offered a lower rate that would save $3,000 per year. As President Obama works to drum up more support... »

Builders in U.S. Construct More Residences Fewer Commercial Buildings

October 04, 2012 / Russell Legato, Residential Property Analyst
U.S. builders spent more money to put up private residences in August. Conversely, less was spent on commercial real estate and public government projects. All construction saw a decrease in August of 0.7 percent as compared to July. The decline followed one in July as compared to June. Therefore, in spite of housing construction increasing its spending, the totality of construction projects decreased in spending. Construction spending showed an annual rate of $834.4 billion, when... »

Tax Returns Vs. Romney’s New Housing Market Policy

October 03, 2012 / Russell Legato, Residential Property Analyst
Tax Returns Vs. Romney’s New Housing Market Policy The news mongers have been putting a lot of effort into convincing republican candidate, Mitt Romney, to release his 2011 tax returns. As reporters and the public focused on tax returns, Romney was busy formulating a plan for the reformation of the U.S. housing market. Romney’s housing policy provided a distraction for both reporters and the public. His plans for the housing market included significant changes in Fannie Mae and Freddie Mac, two entities that... »

Housing Market Fundamentals Best Focal Point

October 01, 2012 / Russell Legato, Residential Property Analyst
Concentrating the economy’s analysis on the housing market fundamentals are a bright ray of hope in a morass of slow recovery. True, the improvement is not as rapid as economists would wish. But, it is increasing faster than employment and other areas, for example. Homes for sale are being listed at higher prices. As sales increase, jobs in the construction industry increase along with them. As the pool of existing homes is depleted, builders can... »

Incumbent and Opponent Express Views on Housing

September 28, 2012 / Russell Legato, Residential Property Analyst
Incumbent and Opponent Express Views on Housing You may say jobs first and housing second. The truth is they are closely intertwined. When more people are working, more potential homeowners will be approved for mortgages. Conversely, when more people are approved for mortgages, more existing homes will be sold and more real estate agents will be working. Therefore, the presidential candidates & housing plans they propose must be clearly outlined. President Obama and Mr. Romney will you please step up to the... »

Housing Markets in Small Towns See Activity

September 27, 2012 / Russell Legato, Residential Property Analyst
Housing Markets in Small Towns See Activity Small towns with large markets are usually bedroom communities. Advantages to living there are good public schools and short commuting time. These are places where prosperous people want move into a home of their own and put their children in a good school in a good location. These markets are soaring now, but have they returned to the levels that existed prior to the housing crisis? Experts opine they are moving towards those levels, but,... »

Real Estate Market Showing Strong Growth Rate

September 25, 2012 / Russell Legato, Residential Property Analyst
Real Estate Market Showing Strong Growth Rate Many factors have contributed to the current growth in real estate. Among them are rising investments, success offshore and outsourced and stable economic growth. According to a leading consultant in the field of real estate, David Leechiu, the market for expensive residences and office space will continue through 2012. Properties in Manila are seeing the development of office and residential high-rise buildings. Reports on CNBC classified the Philippines at the top position in countries expected... »

Housing Market Marches Forward – Economy Hangs Back

September 24, 2012 / Russell Legato, Residential Property Analyst
Housing Market Marches Forward – Economy Hangs Back Why is it that when other markets are still slow, we see the Housing market outpacing economy in other areas? It is a shining star in the U.S. The remainder of the economy moves at a snail’s pace in comparison to the real estate market. New and pre-owned houses may be below the norm, but they are the most promising data in the news. Manufacturing, on the other hand is at a standstill. The question... »

Residential Property News

Property Magazine’s Residential Property is compilation of recent and major news about residential real estate and the residential real estate market in the United States and abroad. Most news from the Residential Property are about major housing projects and developments, which include townhouses, condominiums, multi-family apartments, and single family homes.

There are two sub-categories for the Residential Property: condos and apartments and houses.