PropertyPrices

Home Sellers Still Fighting the Need to Reduce Prices

Sales of previously owned homes hit a six-month low in May, and overpriced inventory is a key factor. Though we all watched the real estate market crater, most sellers are still overpricing their homes, and the worst price optimists are the ones who bought after the housing bubble burst.

Three Key Rules for Today's Housing Market

Some recent reports on the real estate market show home prices starting to stabilize in many areas. Other data suggests the housing market has further to fall. But whichever direction the national numbers are heading, there are few tenets that smart buyers and sellers should always follow.

What the Housing Market Is Signaling Now

Home sales have started to rebound, with half the nation's markets experiencing price gains in the last quarter of 2010. They weren't great gains, but they were progress. What does this mean for the average consumer?

The Foreclosure Mess: Still a Threat to Renters

Despite new federal laws designed to protect them, many tenants are still finding themselves caught up in foreclosure dramas as building owners struggle to hold on to their properties. And if real estate market doesn't improve soon, the problem could get worse.

Allied Irish Banks Posts First-Half Loss of 1.73 Billion Euros

Allied Irish Banks (AIB) announced a steep increase in first half losses on provisions for past-due property loans. The net loss in the first half of the year was 1.73 billion euros, compared with a loss of 786 million euros in the first half of 2009, The Wall Street Journal said. Operating income fell 24% to 2 billion euros, excluding 963 million euros in losses related to the National Asset Management Agency.

Expert Sees Big Apple Real Estate First to Rebound

Manhattan real estate mogul Elie Hirschfeld expects the New York real estate market to recover ahead of other areas of the country as overbuild office space is absorbed and properties are snapped up in distress and foreclosure sales.