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Residential Real Estate: Erosion Ahead

My prior piece, “U.S. Housing Market: Dis-assembly Required”, compared a) the $1.4 trillion spent on the bailout through month-end November, with b) the slightly smaller amount needed to raise family incomes to a level consistent with current home prices.

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    Transaction of first-hand houses in Shenzhen rebounds in November

    http://chinarealnews.typepad.com/ chinarealnews/ 2008/ 12/ transaction-of-first-…

    2008-12-04 Guangzhou According to the latest statistics, a total of 6,435 first-hand houses were transacted in November in Shenzhen, up 90% from the previous month. In addition, statistics from a responsible authority in Beijing also show that, transaction of houses in Beijing also rebounded in November.

    7 hours ago in Jian Wen · Authority: 15
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    THE WORLD today!

    http://1read.wordpress.com/ 2008/ 12/ 04/ the-world-today/

    ——————————————————————————— 1. Barack Obama wins Presidential Election and becomes the 44th President of the United States - Hope for a Change 130 Million Americans, more than in any other election since 1960, voted for a change and choose Obama, obtaining a historic victory to become the first black

    15 hours ago in 1read's Weblog · Authority: 16
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    A Brief History of Missouri

    http://bloggeron.net/ a-brief-history-of-missouri/

    A Brief History of Missouri Back in the seventeenth century, the first Europeans made it to what is now Missouri. Father Jacques Marquette and Louis Joliet were the first to explore the mighty Mississippi River in their canoes in the year of 1673.

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    Dubai house prices set to drop in Q4

    http://www.thedubailife.com/ home/ news/ construction-real-estate/ dubai-house-p…

    Property prices across Dubai are likely to fall in the fourth quarter as the real estate slump accelerates, Colliers International warned on Wednesday in its quarterly housing report. House price growth slowed to five percent from July to September, down from 16 percent in the second quarter, said Colliers, one of Britain’s largest real estate consultants.

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    Housing Crisis Hurts Immigrants More

    http://cityroom.blogs.nytimes.com/ 2008/ 12/ 03/ housing-crisis-hurts-immigrants…

    Housing Crisis Hurts Immigrants More By Jennifer 8. Lee The real estate run-up and ensuing credit crisis has exacerbated an already grim housing situation for New York City immigrants, according to a report issued today by the New York Immigrant Housing Collaborative and Pratt Center for Community Development.

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    San Franciscos Role in the California Gold Rush

    http://bloggeron.net/ san-franciscos-role-in-the-california-gold-rush/

    San Franciscos Role in the California Gold Rush San Francisco played an important role in the Californian Gold rush when it started in 1848 and throughout the whole ordeal. The Gold Rush started in a place called Sutter’s Mill on January 24 in 1848.

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    More job cuts expected in Asia’s fund industry - HONG KONG

    http://blog.hotvictory.com/ 2008/ 12/ 04/ more-job-cuts-expected-in-asias-fund-i…

    More job cuts expected in Asia’s fund industry - HONG KONG (HONG KONG) Asia’s fund management industry will see further job cuts in the coming year as a plunge in revenue caused by the global financial crisis forces it to rein in costs, senior executives said yesterday.

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    Singapore Developers head into crisis with more cash

    http://blog.hotvictory.com/ 2008/ 12/ 04/ singapore-developers-head-into-crisis-…

    Singapore Developers head into crisis with more cash Gearing improves as developers pare borrowings, increase cash held from divestments By UMA SHANKARI (SINGAPORE) Developers have entered the latest slump in much better shape than they were in during the last property downturn in 2001, a comparison of their cash positions and debt-to-equity ratios then and now shows.

  9. Photo of carolmflammer

    New Townhomes in Woodstock at an Amazing Value

    http://www.atlantarealestateforum.com/ new-townhomes-in-woodstock-at-an-amazing-…

    Thanks to the new bank-owned division of Morris and Raper, homebuyers in Atlanta real estate are finding exceptional deals on new homes. Recently, they moved into Cherokee County by marketing the townhomes at Townview Commons. These two and three bedroom townhomes were originally listed at $220,000, and now start in the $140,000s.

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    No Surprise, New York Is in Recession

    http://cityroom.blogs.nytimes.com/ 2008/ 12/ 03/ no-surprise-new-york-is-in-rece…

    No Surprise, New York Is in Recession By Patrick McGeehan One year after the national economy officially fell into a recession, New York City and State have joined it, according to an influential research firm.

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