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The Housing Crisis

These are the Most Underwater States

Francesca Levy Forbes 01.09.2010
These are the Most Underwater States

Nowhere is the aftermath of the housing crisis more clearly illustrated than in Nevada, where nearly three quarters of homes with mortgages are worth less than what borrowers owe on them.

Dahi slams banks for creating real estate crisis

Nadim Kawach Emirates 247 31.08.2010

German bank's property woes crystallized at Snowmass Village

Jonathan Keehner and Oliver Suess Bloomberg 30.08.2010
Lt Gen Dhahi Khalfan Tamim, Chief of Dubai Police. (FILE)

Dubai’s police commander has launched a virulent attack on banks in the UAE and other Gulf oil producers, saying they are to blame for the real estate crisis in the region and for a surge in financial court cases.

Incomplete buildings are draped in plastic next to finished condominiums in Snowmass Village.The ski resort's fate has become a microcosm of the troubles that plagued Hypo Real Estate Holdings, whose 2009 implosion was Germany's biggest bank failure since World War II.

MUNICH — Snowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding agreed to arrange $520 million of loans to complete a $1 billion year-round resort.

Atlanta Real Estate Gets A Bailout

Kim Fettig CBS Atlanta Consumer Reporter 27.08.2010
Atlanta Real Estate Gets A Bailout

ATLANTA -- After a week of terrible real estate news, something big is about to happen in Midtown Atlanta that could help stabilize the city's troubled housing market.

Can Saudi Arabia fix its housing time bomb?

Like thousands of young Saudis, Nayef al-Nasser is trapped between love and a dysfunctional real estate market.

A new normal for real estate?

Jenny Pisillo San Francisco Chronicle 26.08.2010
A new normal for real estate?

The bad news continues to get worse. With existing home sales experiencing a record decline and dropping way beyond what all economists expected, who knows when the housing market will recover, if ever. Everyone, from politicians and government officials to underwater homeowners and developers, are desperately following every bit of real estate data that comes out, looking for any signs that point to a brighter future.

Property crisis hits famous US wine growing region

The property foreclosure crisis in the US has spread to California’s famous wine producing Napa Valley as falling land values and a shift to cheaper brands hits the industry hard.

February's drop in house prices could be down to cold weather and the end of the stamp duty exemption. Photograph: Rui Vieira/PA

House prices may start rising again after last month's fall but the market will drop later in 2010 and this time the correction could last for several years, economists warn.

Rental Crisis Looming In Auckland, Property Manager Warns

A residential rental crisis is building in New Zealand's largest city as landlords continue to downsize their portfolios, according to long time property management agency Bobergs First National.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.