Bloomberg - Articles

Existing Home Sales Jump, Home Prices Rise More than Expected

By Paul Ausick We have two data points on the U.S. housing market this morning. The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in November rose 5.9 percent to 5.04 million from a downwardly revised total of 4.76 million in October. Sales are up 14.5 percent... Continue Reading »

Michael Bloomberg Mansion: Exclusive First Pix

Last week, we reported that New York City Mayor Michael Bloomberg dropped $20 million--pocket change for Hizzoner -- on a 35-acre estate in the Long Island town of Tuckahoe. Now the intrepid crew at Southampton Patch brings us the first aerial photos of the 11-bedroom estate, known as Ballyshear, which sits hard by the... Continue Reading »

Commercial Mortgage Defaults Up, and You Ain't Seen Nothin' Yet!

Since HousingWatch began, many of us have written about what some experts fear will be the next big real estate crisis: the anticipated (dreaded?) implosion of the commercial real estate market. So, this bit of news from Real Capital Analytics ought not to come as a surprise. For the fourth quarter of 2009, the commercial... Continue Reading »

What's Next for Busted Condo Projects?

Now that the owners of Stuyvesant Town have defaulted on their $3 billion mortgage, it's worth asking what happens next to all the overleveraged apartment buildings and see-through condo projects out there – the remnants of many urban developers' ambitious boom-era dreams. In a new article for The American Prospect... Continue Reading »

Supermarket Scramble

In what's already one of the skinniest cities in the world, New York's Mayor Bloomberg is pushing to give poorer neighborhoods access to healthy foods. The City Planning Commission decided Wednesday to offer zoning and tax incentives to full-service grocery stores that devote shelf space to fresh foods like produce, meat... Continue Reading »

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