Commercial & Residential Property Blog

An odd scene has been playing out lately in the offices of mortgage brokers and bankers around the country.

NEW YORK — A handful of reports released Thursday shows the Big Apple’s housing market in recovery, though headwinds like high unemployment, tight credit and shadow inventory still linger.

Economic forecasters appear to be split on the outlook for residential real estate values.

The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery.

The National Association of Home Builders said Tuesday that its market index slid to 17 in June, down five points to the lowest level since March. Any number below 50 is considered negative.

WASHINGTON – Homebuilders are feeling less confident in the recovery now that government incentives for buyers have expired.

WASHINGTON – The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives.

Economists speaking at the recent annual meeting of the National Association of Real Estate Editors said the housing market likely will not recover until 2013.

North American Development Group said Thursday that it has acquired three grocery-anchored shopping centers and one grocery-anchored development site for a combined purchase price of $30.4 million.

Jacksonville, Fla.—Each Jacksonville, Fla. submarket has seen an overall average occupancy increase from the fourth quarter of 2009 to the first quarter of 2010, according to WRH Realty Service Inc.’s Quarterly Apartment Market Survey.