
Prices are down. “For Sale” signs linger. Foreclosures and short sales are cropping up everywhere. You’ve undoubtedly read various versions of the same info. But what exactly does this mean to you, and is there a general consensus about where prices and interest rates are heading in the foreseeable future? Read the latest issue of our newsletter for a clear and concise market analysis! Many of our clients have been asking about foreclosures, too, so this issue includes an explanation on how the foreclosure process works.
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Last year, Los Angeles experienced a 5.4 magnitude earthquake. For anyone who remembers Northridge, this was a minor tremor! Nevertheless, it was a reminder that we live in quake country, and need to be prepared. Then, we experienced severe fires in the fall, and flooding in the winter. The main lesson was this: be prepared for an emergency. Most people think they know what to do if disaster strikes, but in reality, there are many misconceptions. So take a look at this refresher, even if you think you are prepared!
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Daily Real Estate News
- Office Developers Revive Plans
With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon. - It's a Low Point for High Point
Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage. - Boston Properties' Profit Falls, but Beats Its View
Boston Properties' second-quarter earnings fell, as did a key measure of profitability for the office-property owner, but both beat the company's guidance. - Japan's Toyoko Inn Targets New York
Japanese no-frills hotel operator Toyoko Inn is planning to expand into the U.S. market with a 640-room tower in the New York City borough of Queens, where it plans to offer tiny rooms for rates that are among the lowest in the city.