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Archive for May 27th, 2008

Tuesday, May 27th, 2008

A Tiny Masterpiece, Unloved, Faces Threat

The owner of a Philip Johnson house in New Canaan, Conn., is seeking an buyer who will not demolish the house.

Tuesday, May 27th, 2008

Away: Putting Out a ‘Willkommen’ Mat

Joel Grey’s tiny bungalow in Venice, Calif., is 650 square feet of white walls, windows, ceiling and rafters.

Tuesday, May 27th, 2008

Home sales post unexpected April increase

Sales of new homes rose in April for the first time in six months although the unexpected increase still left activity near the lowest level in 17 years.

Tuesday, May 27th, 2008

Contractors Are Kept Busy Maintaining Abandoned Homes

It can take months, even years, for some homes to wind through the foreclosure process, and decay sets in.

Tuesday, May 27th, 2008

Four NYC towers sold for $1.47b

A real estate investment group has agreed to pay $1.47 billion for four Manhattan office towers, including the landmark General Motors building on Fifth Avenue.

Tuesday, May 27th, 2008

What to do if your home won’t sell

Inman News Homes take longer to sell today than they did in 2005. This is due to a slow home-sale market that has resulted in a build-up of the inventory of unsold listings. Although there are exceptions, this situation is expected to continue until late 2008 or 2009 — at least. What options do sellers have whose homes aren’t selling …

Tuesday, May 27th, 2008

More buyers using TICs to get into condos

Inman News DEAR BENNY: I am considering buying a condo in San Francisco. It looks like most condos advertise taking title as TIC (tenants in common). Can you please explain a little more about TIC? What are the disadvantages and advantages? –Eton

Tuesday, May 27th, 2008

Help from feds not a bailout

Inman News (This is Part 4 of a five-part series. Read Part 1, ” Lenders wise to beef up default-risk reserves “; Part 2, " Borrowers, insurers would save with new mortgage insurance "; and Part 3, " Mortgage insurance cheaper under new plan .”)