Monday, May 21, 2012

Housing News Digest, May 21

How does Aspen compare? How does the health of the Aspen real estate market stack up against other Colorado ski resorts and second home markets around the country? Since the fall of 2009, the Aspen real estate market has struggled to regain its footing. The Aspen-Snowmass area market peaked in 2006 and 2007 with total real estate sales in the $2.6 billion range. The overall market bottomed out in 2009 with about $1.1 billion in total sales, a roughly 58 percent drop in total volume. Depending on the location and quality, property values declined 20 to 30 percent during that same period.

Dearth of affordable rentals cause for concern, housing experts say If a more renter-centric economy is the solution to America's housing woes, policymakers and developers will have to tackle two issues first — falling incomes and rising rents, housing experts say. So far, the meteoric rise in multifamily permitting and construction is mostly geared toward the middle and higher-end markets, not affordable housing units in lower-income neighborhoods, where more supply is needed.

 Retail Real Estate Set for Rebound LAS VEGAS, May 21, 2012 (BUSINESS WIRE) -- Fueled by luxury retailers and discount retailers such as dollar stores, the retail real estate sector is poised to experience increased leasing and improving fundamentals in the second half of 2012. That's the take of Hartman Simons, an Atlanta-based national commercial real estate law firm that represents both tenants and landlords in retail leases as well as developers in retail developments. The firm's attorneys provided their analysis of the sector as the 2012 ICSC RECon convention got underway in Las Vegas. The convention runs from May 20 through May 23.

 BofA Offering Up to $30K in Relocation Assistance for Short Sales Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000.

What you can get for $400,000 Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money. This week’s search is for truly unique properties you can get the keys to for $400,000 or less.