The financial markets are shrouded in gloom, but R. Donohue Peebles is still bullish about real estate. Head of the Peebles Corporation, a Coral Gables, Fla.-based real estate investment and development firm with a $4 billion portfolio, he focuses on properties in Nevada, California, Florida and the Washington, D.C. metro area. His latest book is [...] [...more]
With the credit crunch, some are finding a hard time getting loans. Banks have stricter rules when it comes to lending money, especially for folks buying real estate. News 3’s Marie Mortera takes a look at the obstacles and what you now need to overcome them. The fall on Wall Street means more scrutiny from lenders [...] [...more]
Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties reached an all-time high, the latest indication that the worst housing slump in decades is far from over. The National Association of Realtors reported [...] [...more]
For every home that sold in the first half of the year, 10 more would-be sellers in the Baltimore metro area were wishing, waiting, hoping. With credit and economic woes weighing on buyers, that figure is twice as high as normal. And it’s night and day compared with the peak of the buying frenzy three years [...] [...more]
