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November 19, 2009

Foreclosures hitting more people with prime loans

A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the...


November 18, 2009

Weak home building a drag on economic recovery
Weak home building a drag on economic recovery

The weak figures show that builders still lack confidence that buyers can soak up the glut of unsold homes already on the market —  a supply...


November 16, 2009

Commercial Notes for Nov. 16

LEASES CB Richard Ellis reports the following leases: 45,782 square feet at 8751 Park Central Drive in Henrico County to Verizon Virginia Inc. 17,753...


November 10, 2009

U.S. third-quarter home sales increase 11 percent
U.S. third-quarter home sales increase 11 percent

Median sales prices of existing homes declined in 123 out of 153 metropolitan areas compared with the same period a year ago. Prices rose in the other...


November 09, 2009

Commercial Notes for Nov. 9

SALES Thalhimer/Cushman & Wakefield reports the sale of 0.37 acre at 600-606 Commerce Road in Richmond for $225,000 to French Acquisitions Co. LLC....


November 07, 2009

Home’s price sheds light on local market

One of the top 10 home sales in September in the Richmond area was for a house with 12,870 square feet that sold for $931,900. It is assessed for $1.845...


November 02, 2009

Commercial Notes for Nov. 2

SALES Thalhimer/Cushman & Wakefield reports the sale of the 2,657-square-foot retail building at 7300 Hull Street Road in Chesterfield County for $460,000...


October 30, 2009

Investors hope to save old Lynchburg mill from demolition
Investors hope to save old Lynchburg mill from demolition

Two Richmond-area developers are working to pull one of Lynchburg’s oldest commercial buildings back from the brink of demolition. The old Piedmont...


October 28, 2009

Home prices rise in most major cities in August

Home prices rose in August for the third straight month, a rapid pace of recovery that surprised economists and raised questions about how long the trend...


October 27, 2009

Home prices rise in most major cities in August

NEW YORK—Home prices rise for the third straight month in August, signaling a housing recovery is taking hold. The Standard & Poor’s/Case-Shiller...


October 26, 2009

Commercial Notes for Oct. 26

SALES Porter Realty Company Inc. reports the sale of 10,000 square feet at 1642 E. Oak Lake Blvd. in Chesterfield County for $700,000 to Plumbright. Byron...


October 24, 2009

Little-known practice can trip up mortgage request

Picture this scenario: You’ve got outstanding credit scores close to 800 and solid equity in your home. All you want is to refinance your current...


October 23, 2009

National home sales rise 9.4 percent in Sept., better than forecast

Home resales in September clocked the largest monthly increase in 26 years as buyers scrambled to complete their purchases before a tax credit for first-time...


October 21, 2009

Home-building permits decline

Applications for home-building permits nationwide, a key gauge of future construction, fell in September by the largest amount in five months—a discouraging...


October 20, 2009

September housing construction rises 0.5 percent
September housing construction rises 0.5 percent

Construction of new homes edged up slightly in September, helped by a rebound in single-family construction. But applications for building permits fell...


October 19, 2009

Government unveils new mortgage help

The Obama administration is unveiling a new program to provide support to state and local housing agencies to provide help to thousands of home buyers...

Commercial Notes for Oct. 19

SALES Grubb & Ellis/Harrison & Bates reports the following sales: 1,286-unit Communities at Southwood apartment complex in Richmond for $24 million...


October 12, 2009

Commercial Notes for Oct. 12

SALES CB Richard Ellis reports the sale of the 1,286-unit The Communities at Southwood at 4602 Southwood Parkway in Richmond for $24 million to Southwood...


October 05, 2009

Commercial Notes for Oct. 5

LEASES Thalhimer/Cushman & Wakefield reports the following leases: 43,505 square feet at Chesterfield Towne Center on Huguenot Road in Chesterfield...


October 03, 2009

Wanted: Environmentally friendly homes for New Kent show

The Home Building Association of Richmond and East West Partners are looking for 10 builders interested in constructing environmentally friendly houses...


October 01, 2009

August pending home sales rise to 2 1/2 year high

The volume of signed contracts to buy previously occupied homes rose for the seventh straight month in August as buyers rushed to take advantage of a tax...


September 30, 2009

Kingsmill Resort reportedly up for sale

WILLIAMSBURG—Kingsmill Resort & Spa is up for sale, according to a report today in the Daily Press newspaper of Newport News. The paper quoted...


September 29, 2009

Index shows home prices increase from June to July

NEW YORK—A closely watched index of home prices shows year-over-year improvement for the sixth month in a row and prices in all 20 cities rose from...


September 28, 2009

Commercial Notes for Sept. 28

SALES Thalhimer/Cushman & Wakefield reports the sale of 9,100 square feet at 7 N. 25th St. in Richmond for $470,000 to Jackan LC. John G. Myers Jr.,...


September 26, 2009

PROPERTY TRANSFERS

The following is a list of more realestate parcels valued at $50,000 or more that have been transferred in the past few months in Richmond and surrounding...


September 25, 2009

New home sales rise only 0.7 percent in August
New home sales rise only 0.7 percent in August

New U.S. home sales posted a tepid increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery remains...

Details often hinder help on mortgages

It all comes down to details: The success of the federal government’s attempts to keep homeowners from defaulting on their mortgages appears to hinge...

Home sales fall after 4 months of increases

Home resales dipped unexpectedly last month, falling 2.7 percent from a month earlier, the National Association of Realtors said yesterday. That reversed...


September 24, 2009

August home sales unexpectedly drop 2.7 percent
August home sales unexpectedly drop 2.7 percent

The decrease in home resales after a four-month streak of gains provides evidence that the housing market recovery remains fragile, analysts say.

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