Stop foreclosure News: March 2008,We buy house for cash Blogs

Stop foreclosure News

Wednesday, March 26, 2008

Canadians Scoop up USA Real Estate

Today Canadians account for more than half of all new homes purchased in Texas, California and Florida. Due to strong Canadian dollar, declining U.S. dollars and weak housing prices due to the sub-prime mortgage mess have increased the appetite for Canadians to purchase real estate properties in America. Explosive local housing market in Canada where Canadians are seeing double digit appreciations in their own home values. Local real estate brokers in Arizona, California, Florida and other Sun Belt states are seeing tons of Canadian buyers. According to a broker interviewed in Sarasota, he said that in the past six months about 20 percent of his calls are from Canadians.

Tuesday, March 18, 2008

Alexandria Proposes Increase in Real Estate Tax

The latest northern Virginia jurisdiction, Alexandria has considered a real estate tax increase. The City Council chosen to propose a tax increase of up to 3 cents which could raise the tax rates to 86 cents per $100 of assessed valuation. The council also voted to advertise a commercial tax increase of an additional 2 cents. Mayor William Euille says officials are giving themselves 'flexibility' by providing legal notice of a big rate hike. He says he hopes the actual increase will be closer to zero than to 3 cents. The city is the latest jurisdiction to struggle with budget difficulties as property values fall.

Tuesday, March 11, 2008

Foreign Companies Buy New York Homes for Employees

NEW YORK - Foreign companies in New York has begun to spend about $4,000 a month for their employees to provide temporary corporate housing. Now more and more foreign companies are buying high-end Manhattan condominium apartments and taking on the role of landlord themselves. Companies from European and Asian countries say that, the strategy makes perfect sense because of the booming Manhattan real estate market and the favorable exchange rate. Real estate market of New York has been strong for many years, despite the havoc around the rest of the country. In 2007, the average price of a home in Manhattan was $1.26 million, up 11 percent from the previous year, according to the Real Estate Board of New York. Now foreigners are purchasing nearly twice as much property in the city as they were two years ago.

Monday, March 3, 2008

Webuyhousesonline

Luxuries AD program

Its national real estate online luxury environment, will collaborate with regional newspapers across the country to up-sell their print agate, print display, e-commerce and broker listings onto NYTimes.com's Real Estate and Great Homes and Destinations classifieds sections. As of February 20, classifieds from The Palm Beach Post began running in the section.

In addition to the Palm Beach Post, the Times Company's regional newspapers are participating in the program, including The Sarasota Herald-Tribune, The Times-News in Hendersonville, N.C., The Star-News in Wilmington, N.C. and the Santa Rosa Press Democrat. "This is a great opportunity for regional newspapers and for real estate brokers to reach the affluent audience of our Great Homes and Destinations section, an audience that is constantly looking to purchase second homes in destinations across the country,"