Commercial & Residential Property Blog

More than 90 percent of economists think the recession is nearing its end, but they don’t expect the economy to soar anytime soon.

the Conference Board reported on Tuesday that its index of consumer confidence shot up in May to 54.9 from a revised 40.8 in April, marking the largest one-month jump in the index since April 2003.

The big-ticket office deals are few and far between these days, even in the leading markets, but properties with more palatable price tags, like a 200,000-square-foot office complex in the Los Angeles area, are finding buyers

Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the NATIONAL ASSOCIATION OF REALTORS.

Freddie Mac in June will expand mortgage funding for multifamily buildings with a new debt program, aimed at managing its risk and improving liquidity in a turbulent real estate sector, the second-largest U.S. home funding company said on Tuesday.

Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the latest results of Multifamily Rental Market Index (MRMI) and the Multifamily Condo Market Index (MCMI), released today by the National Association of Home Builders (NAHB).

Like the economy, the housing market seems on the threshold of recovery. But it might not cross it soon. This week brings a fresh slew of housing data.

As the spring selling season moves into full gear, investors and economists will be watching the housing market closely for signs that the worst is over.

Prices of U.S. homes in March fell a sharp 18.7% from a year earlier, though some relief appeared to be in sight as, for the second month, prices did not slide at a record rate as they had been doing since late 2007.

Real estate professionals are optimistic that home prices will hit bottom in the next six months, according to a survey from listing and home-pricing site HomeGain.com.