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 Wednesday, May 08 2024 @ 04:37 am UTC

Real Estate Slow Down Ongoing

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General NewsSo far this year, real estate sales are showing a cool down.
 
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Nearly 13% Increase Achieved by U.S. Home Prices

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General NewsShowing no signs of a slowdown during the period, federal regulators reported Wednesday, Average U.S. home prices leaped nearly 13 percent from the fourth quarter of 2004 to the same period last year.
 
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Texas Tycoon's Real Estate Case Continues Battle in the High Court

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General NewsA 1946 Supreme Court opinion, Markham v. Allen, defined the exception, which holds that federal courts can hear claims brought by heirs of a decedent’s estate as long as a federal court doesn’t interfere with state court probate proceedings. The Supreme Court will hear oral arguments today in a case that will determine the scope of the federal courts’ probate exception, once described by Seventh Circuit judge Richard Posner as “one of the most mysterious and esoteric branches of the law of federal jurisdiction.”
 
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In Case of Pandemic Real Estate can be a Haven

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General NewsAccording to a report from Deutsche Bank, London Real estate companies like Brixton and Slough Estates may be attractive to investors seeking to minimize losses that might result from a feared outbreak of avian influenza in Europe.
 
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Though Rising in the West Real Estate New Home Sales Falls Nationwide

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General NewsSales declined 5 percent on a seasonally adjusted basis, leaving a record backlog of 528,000 newly built single-family homes that remain unsold. The nation's new-home market cooled significantly in January despite unseasonably warm weather in most of the country, the Commerce Department reported today.
 
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