Posted August 31, 200519 yr ARTICLE 1 Die, die, monster home! Die! Homes are bigger than ever. Now there's a backlash against the 'mansionization' of America. August 18, 2005: 4:08 PM EDT By Les Christie, CNN/Money staff writer NEW YORK (CNN/Money) - The American home is getting bigger. And fatter. And, to some, uglier. Now, towns are fighting back. Chevy Chase, Md., an upscale suburb of Washington, recently announced a six-month moratorium on home construction to make time to examine how to deal with the proliferation of oversized single-family houses. ... http://money.cnn.com/2005/08/18/real_estate/monster_home_backlash/index.htm ARTICLE 2 Cuckoo for condos! Get in early! Get out fast! Sound familiar? Everyone knows how the dotcom party ended. Right? Right? August 24, 2005: 5:31 PM EDT By Stephen Gandel, MONEY Magazine NEW YORK (MONEY Magazine) - Late May, early evening. Chris Cowen cools his heels in a Minneapolis restaurant, waiting for a table. His buddy Keith is 15 minutes late. Cell phone rings. It's Keith. Got a proposition for you, Chris: a one-bedroom condo under construction in Scottsdale, Ariz. -- 1,800 miles away -- for $135,000. The catch: Only 60 seconds to decide. Sight unseen. Over the cell. ... http://money.cnn.com/2005/08/17/real_estate/investment_prop/cuckoo_condos_0509/index.htm
August 31, 200519 yr Outlawing monster homes doesn't seem quite right...I can't stand them, but I am not for govt regulation either. What if people were taxed according to street frontage? It makes sense, the wider the lot, the more infrastructure burdan you are to the city...more street to pave, more utility lines. If that were the case, maybe people wouldn't be spreading out so much. Seems to make more sense than more annoying zoning regulations.
September 15, 200519 yr Slowdown? Real estate still going strong Real estate markets are off and running again after a slight slowdown earlier this summer. September 14, 2005: 4:17 PM EDT By Les Christie, CNN/Money staff writer NEW YORK (CNN/Money) - The red-hot U.S. housing market, after a typical summer slowdown, has taken off again and Hurricane Katrina contributed to up-ticks in several localities. According to the National Association of Realtors, with inventory of homes available for sale across the country so tight anyway, rebuilding the Gulf Coast will place additional pressure on all home prices. ... http://money.cnn.com/2005/09/13/real_estate/buying_selling/real_estate_fall_trends/index.htm
September 15, 200519 yr This sounds like another amazing project. With the quarries project in Amherst and this in Fairport Harbor in 10 years it will take over an hour to drive through "metro cleveland".
September 20, 200519 yr Real estate: When booms go bust... Home prices can and do go down. Here's what declines have looked like in the past. September 19, 2005: 6:21 PM EDT By Les Christie, CNN/Money staff writer NEW YORK (CNN/Money) - Across America, real-estate prices continue to confound the skeptics. Many Americans have come to think of their homes as rock-solid investments with little downside. And why not: For the past 40 years, national home prices have surpassed inflation by a percentage point or two on average and there has never been a national real-estate bust. ... http://money.cnn.com/2005/09/19/real_estate/buying_selling/price_declines/index.htm
September 21, 200519 yr A friend of mine bought a small two bedroom condo in Scottsdale in early 2004. She sold it in the spring of this year--she only owned it 1 year--and made a profit of $100,000. Craziness.
September 22, 200519 yr My sister spent the past two years at Arizona State doing her master's degree... my mom keeps saying that my parents should have bought a house for her out there so they could have sold it this year for a lovely profit.
October 24, 200519 yr Another interesting article from CNN regarding real estate and a possible bubble burst: The king of real estate's cashing out Tom Barrack is selling most of his U.S. portfolio. Maybe you should be nervous too. October 24, 2005: 7:56 AM EDT By Shawn Tully, Fortune Senior Writer NEW YORK (Fortune) - Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels. He likens the current real estate market to a game of polo. ... http://money.cnn.com/2005/10/21/news/newsmakers/barrack/index.htm
February 6, 200718 yr Exurbs hardest hit in recent housing slump Distant suburbs of major cities experiencing biggest decline in price and sales since summer of 2005. February 6 2007: 4:14 PM EST WASHINGTON (Reuters) -- While the U.S. housing downturn has depressed once-thriving real estate markets around the nation, far-flung suburbs of major cities have suffered the most abrupt market correction. Home construction in these distant exurbs has slowed and prices and sales have fallen more than those of close-in suburban neighbors since a five-year U.S. housing boom ended in the summer of 2005. ... http://money.cnn.com/2007/02/06/real_estate/exurbs_housing.reut/index.htm?postversion=2007020616
February 6, 200718 yr Prediction: More pain for homeowners A glut of almost 1 million homes sitting vacant may mean another downturn in the housing market, analysts say. February 5 2007: 12:26 PM EST CHICAGO (Reuters) -- A glut of vacant homes suggests that the U.S. housing market has not yet stabilized and may be poised for another downturn, Merrill Lynch said in a research note released Monday. "Now that oil prices and mortgage rates have stopped falling, we will be back lamenting the downturn in the housing market and its spreading effects on the economy in the second quarter, much as we were in the summer and fall 2006," Merrill Lynch economist David Rosenberg wrote. ... http://money.cnn.com/2007/02/05/real_estate/housing_vacancy.reut/index.htm
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