President Barack Obama has signed into law the $787 billion stimulus bill aimed at bolstering the US economy and with it the housing sector.The move, which could help improve the Fort Myers property market situation and that elsewhere in the country, might not be the last, White House press secretary Robert Gibbs told reporters.He said [...]
Those keen on investing in California property may be able to find plenty more opportunities to secure foreclosed bargains, new figures have suggested.Data from research firm RealtyTrac has revealed that the trends for house prices to fall and large numbers of homes to be repossessed are continuing, with over 274,000 properties being either seized or [...]
New York property is among the most expensive in the world, a new poll has revealed.According to a study by the Global Property Guide, New York property is the sixth priciest in the world, ranked only behind Hong Kong, Tokyo, London, Moscow and Monte Carlo.The company stated that New York was the only US city [...]
An industry expert in USA property has welcomed the news that president Barack Obama's recovery action plan has been passed by the Senate.Chairman of Boston Properties Mort Zuckerman stated measures outlined in Obama's $832 billion (£586 billion) are concrete, Reuters reports.Mr Zuckerman remarked that it is a "very solid, very clear and very comprehensive overall [...]
A foreclosures event focused on Orlando property has been hailed as a success by its founder and organiser Phil Peachey.Held over the weekend of February 7th and 8th, the Orlando Foreclosures Expo was the first of its kind and was attended by industry figures, investors and homeowners.Orlando property buyers had the chance to view a [...]
A drop in the value of California property has been recorded in a new poll.Research conducted by Zillow has revealed that more than half the sales during the fourth quarter of 2008 in Central Valley, California were foreclosures - the highest amount across the US.House prices dropped by 33.4 per cent year-on-year in the Stockton [...]
New York property has seen the lowest house price falls compared to all other areas of the US, a new survey has revealed.Property values in Manhattan dipped by 5.8 per cent during the fourth quarter of 2008, the poll by Zillow found, which followed price increases for the first nine months of the year.And the [...]
California is one destination in the US that is very popular with Britons, it has been claimed.In news that may encourage California property buyers, communications manager at Saga Holidays Carl Catterall said that the large state on the western side of the US is a hit with British tourists.He noted that Saga does a lot [...]
President Barack Obama has said he hopes his economic stimulus package can ease its way through Congress and boost the US economy.The new White House incumbent has been wooing Republican members on Capitol Hill to seek their support for the $825 billion (£577 billion) programme of public spending and tax cuts.Speaking about the prospects of [...]
Southern California property prices dropped by more than a third in 2008, new figures have revealed.The latest study by MDA DataQuick revealed that in that part of the state the median price in December was $278,000, (£200,000) compared with $425,000 in December 2007, representing a drop of 34.6 per cent.Such a fall in price may [...]