Real Estate Economy

The International Herald Tribune published an interesting article about the ripple effect of foreclosures.   It is something I haven't thought about but found really interesting.   What does it mean for your property values?  The ability to refinance?  The health of your neighborhood in general.
Property Values:  They will go down – hindering the ability to refi [...]

I love reading/ hearing about creative spaces!   I saw this article and had to share –

IT wasn’t an easy sell. One partner wanted the space; the other needed to be convinced.  The 10,000-square-foot top-floor aerie at 250 West 57th Street, between Broadway and Eighth Avenue in Midtown Manhattan, was unusual at best. It [...]

Housing Sales are up – Yahoo! News reports that housing sales across the country are up 5.1%!   Mariah Carey and I are helping the economy and hopefully you are too!  (Not by necessarily buying a house!  HA)
Other than AIG making fools of themselves – things appear to be getting better!

Feb 25th, Blogging Stocks reported that struggling jewelry retailer Zale Corp. (NYSE: ZLC) announced the closure of 115 stores in a drastic cost-reduction plan. The company also announced that revenue dropped nearly 18% in the second quarter.
The stores designated for closure will lock their doors for good when their leases mature. The closing stores are poor sales performers. [...]