According to a BusinessWeek analysis of the U.S. real estate market over the last 30 years, it will probably take 15 years or more for home prices in many parts of the country to get back to their inflation-adjusted highs.
The 2007 forecast for residential real estate is grim at best. The communities that will […]
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One Man Rebuilding Woodlawn–A Condo At A Time
Published by December 7th, 2006 in Chicago condos, Chicago homes and Chicago real estate.Benjamin Van Horne is the president, CEO, and entire staff of Greenline Development Inc., a company devoted to building high-quality affordable housing in Woodlawn.
“[It] was a way that I could potentially make money, but still do something that was socially responsible and a positive force,” he says.
And after a few years, the money is starting […]
Home Builder’s Profits Plunge
Published by December 6th, 2006 in home sales, home prices, real estate market, new construction and Real estate.The largest luxury home-builder in America, Toll Brothers, Inc., announced Tuesday that its fourth-quarter profits dropped by 44%.
Toll’s orders slid 58% in the fourth quarter as 585 contracts, more than one-third of the total, were canceled.
The smallest percentage of cancellations came from the company’s Midwest market (Illinois, Michigan, Minnesota and Ohio). Contracts plummeted 78% in […]