International Dream Locations Focus on Tropics in Winter

September 21, 2012 / Russell Legato, Residential Property Analyst
International Dream Locations Focus on Tropics in Winter Many people love to daydream about visiting a balmy tropical island, especially when they live in a cold climate. But, taking dreams one step further imagine dreaming about owning International real estate in the tropics. It warms the thoughts in the midst of a blizzard. Those who have traveled to Jamaica, or toured Hawaii know exactly how lovely it would be to own a luxurious getaway in a tropical climate. It may be a beach... »

Foreigners Buy More Real Estate in Spain

September 19, 2012 / Russell Legato, Residential Property Analyst
Foreigners Buy More Real Estate in Spain Foreigners are purchasing real estate in Spain for the purpose of living there. There were 9,502 transactions made in the second quarter of 2012. That reflects a 12 percent growth over the same time period in 2011. It has been four years since such a high number of transactions took place. In 2007 there were 11,130 transactions made by foreigners. The increase is favorable and has covered a full year. However, it does not compare... »

U.S. Not on Seven Worst Housing Markets’ List

September 18, 2012 / Russell Legato, Residential Property Analyst
U.S. Not on Seven Worst Housing Markets’ List Some states are identified as some of the worst housing markets in this country. As large as the U.S. is, there are bound to be wide variations from state to state and even from city to city. For example, in Florida there are cities with a large inventory of foreclosed properties to be dealt with, which slows progress. On the other hand, in Miami, prices are rebounding fast. Many feel it is due to location... »

Rental Homes Currently in High Demand

September 13, 2012 / Russell Legato, Residential Property Analyst
Rental Homes Currently in High Demand Rental homes became more desirable as mortgage loans became more difficult to obtain. The restrictions imposed by banks and other lending institutions in 2000 resulted in more people needing to rent rather than buy. This led to a sharp increase in rental prices. As anyone who listens to or reads the news knows, the country is beginning to recover from the recession that caused financial problems in all areas of the economy. One area that... »

Interest in Housing Market/Careers Renewed

September 12, 2012 / Russell Legato, Residential Property Analyst
Interest in Housing Market/Careers Renewed In the past five years, housing market/careers have not seemed lucrative. In fact, many real estate agents migrated to jobs in property management due to the lack of activity in real estate sales. As might have been expected, the upturn in the real estate market aroused interest in careers in that business once again. Many formerly licensed agents and Realtors are now contemplating a return to the careers they were forced to leave. Opportunities are... »

Housing Market on Its Way Back to Normal

September 11, 2012 / Russell Legato, Residential Property Analyst
Housing Market on Its Way Back to Normal Housing market recovery rates are pointing towards a move back to the normal range. The Trulia’s Housing Barometer charts report each month on its status. There are three major indicators of this status. They are constructions starts, sales of existing houses and what is called the delinquency-plus-foreclosure rate. Every month the data in each category is compared to the status of the numbers at their worst level and what the pre-bubble normal status level was.... »

Not All Analysts Express Optimism About Housing Prices

September 04, 2012 / Russell Legato, Residential Property Analyst
Not All Analysts Express Optimism About Housing Prices There are always those who look at the negative aspects of the real estate situation. But, many experts in the business see cause for elation compared to the horrific years that are past. The busy season in real estate seemed to start early this year, possibly due to the unusually warm weather. The fact that it is tapering off a little should not be cause for alarm. As expert reports show, things look good, especially... »

Gulf Coast Dreading Hurricane Isaac: Will Residential Property Survive?

August 31, 2012 / Russell Legato, Residential Property Analyst
Gulf Coast Dreading Hurricane Isaac: Will Residential Property Survive? It’s prominent in the news. Hurricane Isaac: property damage may cost upwards of $27 billion for residential destruction. Now Tropical Storm Isaac is wending its way over the Atlantic towards the Gulf Coast. Forecasters base their predictions on current conditions. It is supposed to turn into a Category 1 hurricane. If it does, it will have the dubious distinction of being the United States’ first hurricane of 2012. According to storm expert, Dr. Howard Botts,... »

Some Complain: What Housing Recovery?

August 30, 2012 / Russell Legato, Residential Property Analyst
Some Complain: What Housing Recovery? The words housing recovery indicate housing sales are increasing. There are still problematic areas that show a preponderance of distressed sales. While the shadow inventory remains large, this is likely to continue. It is possible that more foreign investors will take an interest in buying up these properties. It is a time for optimist because things were so much worse not too long ago. Cities such as Detroit are still seeing elevated foreclosure rates. But,... »

Prices on Residential Property Soar in India

August 29, 2012 / Russell Legato, Residential Property Analyst
Prices on Residential Property Soar in India Residential property values are on the rise in India. In Chennai they rose by 35 percent. In Greater Noida and Mumbai they skyrocketed 33 percent higher. The increases occurred in a one year period ending in June 2012. As prices on existing properties went up, housing loan growth went down by 17 percent in June of 2011 to 15.1 percent in June of 2012. These figures come from the Reserve Bank of India. Price increases... »

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.