July 30, 2011 |
By Edmund Sanders The burgeoning tent encampment along this city's elegant Rothschild Boulevard may not be the start of a Tahrir Square-style revolution, but Israeli student protests over rising rents have exposed a deep middle-class frustration over the economy and are presenting Prime Minister Benjamin Netanyahu with his biggest domestic challenge yet. The protests began small in central Tel Aviv two weeks ago, but expanded in recent days...
July 17, 2011 |
As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive. "There is a house down the street selling for $6.3 million. I'll sell you mine for an even $6 million," she replied. Her tongue-in-cheek asking price was about twice what her house is worth, but the broker didn't miss a beat and said he would speak with his client.
June 16, 2011 |
California home prices will continue falling this year and into next, but there's an upside in that it will allow more people to buy homes, according to the latest economic forecast from Chapman University's A. Gary Anderson Center for Economic Research. Home prices in California will drop 4.4% this year and 0.7% next year, according to the Chapman forecast, released Thursday. Construction spending has hit bottom and will rebound 6% next year, the forecast says, which suggests "that the construction sector will no longer be a drag on overall growth and job creation.
May 31, 2011 |
Home prices hit new lows in March, falling past the bottom reached two years ago and renewing concerns about the economy's ability to fully recover from the grip of recession. The Standard & Poor's/Case-Shiller index of housing prices in 20 metropolitan areas declined 3.6% from March 2010, its sixth consecutive year-over-year drop. That pushed the index below its most recent bottom of April 2009, confirming the widely anticipated "double dip" in home values. Many analysts believe that prices could continue rolling back as the risk of falling prices frightens potential home buyers away from the market.
April 14, 2011 |
Real estate agents have been hustling lately but not necessarily to sell homes. Instead, leasing is in vogue, particularly at the top of the price spectrum. If phone inquiries are an indication, interest in leasing luxury homes is intense, said Justin Mandile, an agent in the Sotheby's International Realty office in Beverly Hills. He and partner Mary Swanson received 10 to 15 calls a day for two months on a five-bedroom house in the Sunset Strip area priced at $3.5 million for sale or $10,000 a month to rent.
February 18, 2011
Will man survive? Re "Patt Morrison Asks: Saving Earth," Opinion, Feb. 12 Patt Morrison did a good Q&A with Paul R. Ehrlich. I still have my original copy of his 1968 book, "The Population Bomb. " However, the article has a misleading title. The crisis we are facing does not involve saving the Earth or even saving the environment. Both will survive with or without our intervention. Rather, the title should have been, "Saving humans. " No matter what we do, the Earth and its environment will go on, much in the way that the Earth survived when the dinosaurs did not. Perhaps we are only a placeholder ?
February 13, 2011 |
If you're into bottom-fishing, now may be the time to start trolling for real estate. At least that's the advice of Michael Corbett, author of "Before You Buy: The Homebuyer's Handbook for Today's Market. " "I'm pretty comfortable saying that five years from now, people are going to be saying, 'Damn, if I had just bought in 2011,' " said Corbett, who is also host of the "Mansions & Millionaires" segment on the syndicated TV show "Extra. " "Prices are bumping along the bottom and interest rates are really low," he said.
January 27, 2011 |
A federal commission created to investigate the financial crisis is pointing the finger at nearly everyone, from overextended homeowners to reckless executives and timid regulators. "The crisis was the result of human action and inaction, not of Mother Nature or computer models gone haywire," the Financial Crisis Inquiry Commission said in its majority report to Congress. "To paraphrase Shakespeare, the fault lies not in the stars, but in us. " Despite assigning widespread blame, the Democratic majority's 525-page account also asserts that the near-meltdown didn't have to happen.
January 11, 2011 |
Chongqing, a sprawling southwestern municipality in China about the size of Maine, may soon introduce the nation's first property tax. The plan, which was reported in state media Sunday, would be aimed at high-end housing. It's the latest measure by Beijing to slow rising housing prices that are sowing discontent among ordinary Chinese. The report said the tax could be unveiled in the next three months, but it did not define "high-end housing" or explain how the plan would work.