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Residents, officials: Real Estate meltdown, boy killed by train some of the t...
A lot unfolds in 365 days. Elk Grove definitely had its share of developments in 2008, and residents said some news stood out more than others. Many folks considered the real estate melt down and a 15-year-old boy being hit and killed by a train to be the biggest local news items of 2008.
270,000-plus real estate records studied (Richmond Times-Dispatch) The Richmond Times-Dispatch’s report on foreclosures in Virginia is based on an analysis of more than 270,000 real estate transfers recorded by the clerks of the circuit courts serving the state’s cities and counties during 2007 and the first 11 months of 2008. Report: Tough commercial real estate market will linger (BizJournals) Grubb & Ellis Co. on Monday released its 2009 global forecast that predicts a troublesome year for commercial real estate in the U.S., including Greater Sacramento. Commercial real estate prognosis (BizJournals) If 2009 is no worse than 2008, those who own and lease commercial real estate will be relieved. Residential real estate (BizJournals) It was the year of the bargain hunter in residential real estate in Sacramento. First-time homebuyers snapped up foreclosed homes, investors hoped to capitalize on foreclosure prices and future residential development land traded at steep discounts. Grubb & Ellis Predicts a Challenging 2009 for Commercial Real Estate as E... Grubb & Ellis Company , a leading real estate services and investment firm, today released its 2009 Global Real Estate Forecast, which indicates that 2009 will be a challenging year for commercial real estate with the economy starting the year 13 months into what may become the longest recession since the 1930s. Cape home values plunge (Cape Cod Times) Foreclosures soared, property values slid and sales volumes plunged. In the end, 2008 was not a banner year for the real estate market. Alternatives to foreclosures explained (The Southampton Press & The East Hamp... Most people who own homes at some point worry about being able to make their mortgage payments, but a group of concerned women whose work is shaped by East End real estate believe many people are too afraid of the consequences to ask for help with their mortgages before it’s too late. |
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