Prices of vacant lots and empty land pieces have been rising in the U.S. since the real estate market and the economy have taken the road to recovery. This trend is proving to be profitable for sellers and expensive for consumers.
Once listed for $200 million, the 20 acres Tucson, Arizona, estate owned by Cary Marmis and his wife, Fern, is being auctioned with a minimum bid of $8.4 million.
February saw house prices soar 10.2%, the biggest monthly jump since March 2006. February saw house prices soar 10. 2%, the biggest monthly jump since March 2006.
As the supply of existing homes continues to shrink, home builders are barely keeping up with the skyrocketing demand in the housing market. New orders keep piling up.
The cut-throat competition between consumer electronics giants Samsung and Apple Inc just notched up a little higher. Samsung is all set to open retail boutique stores called “Experience Stores” in 1400 Best Buy Shops all across the U.S. throwing a direct challenge at Apple.
Investa Property Group, a Morgan Stanley owned commercial real estate firm just declared that it will be investing around $523 million for office purchases across the Australian region. The announcement comes on the re-surging growth of commercial real estate in the country.
Interactive media and classified advertising consulting firm AIM Group released its annual real estate report on Thursday which assesses real estate marketing practices around the world.
Even with the uptick in real estate market, municipalities are concerned that they are yet to lift the property tax revenues of many U.S. cities, according to a report released on Thursday.
The cooperating witness at the center of the Malcolm Smith corruption scandal accused of having orchestrated a $100 million fraudulent real estate deal, according to reports.
President Obama plans to return 5 percent of his salary to the Treasury in solidarity with federal workers who are going to be furloughed as part of the automatic budget cuts known as the sequester, an administration official said Wednesday.
An Aurora-based real estate executive is charged with forming a fake construction company with contracts worth at least $225,000 and posing as an FBI employee, according to reports.