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02/06/2012 Detroit automaker sees profits surge Chrysler Group LLC reported Wednesday a net profit of $183 million for 2011, swinging back into the black from a loss of $652 million in 2010.
It was the first time the Auburn Hills automaker has reported a full-year profit since 1997, and it exceeded the targets set by CEO Sergio Marchionne when Fiat SpA took over the company in 2009.
"The house is in good order. We are proud of the ... Read full news |
01/30/2011 U.S. most affordable property market, with Detroit best value. The United States has the most affordable housing market among comparable nations, according to an international housing affordability survey.
The eighth Annual Demographia International Housing Affordability Survey covers affordability, measured as median house price divided by gross annual median household income, across 325 metropolitan markets in Australia, Canada, Ireland, New Zealan... Read full news |
01/27/2012 USA tops investment list for 2012 The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.
While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign... Read full news |
01/13/2012 Foreclosures down 34percent from 2010 National foreclosure filings fell in 2011 to their lowest level since 2007, according to a report released today by RealtyTrac. However, there is a link between the data and the aftermath of the robo-signing controversy, as the average U.S. foreclosure now takes 348 days to process, according to the report, and 1,019 days in New York.
About 1.9 million U.S. properties received foreclosure f... Read full news |
01/05/2012 Florida buyers avoid property transaction taxes An investigative report in The Miami Herald newspaper has reported that Florida, which currently accounts for a third of all the foreign property transactions in the USA and is the country’s number one state for international residential real estate sales, is losing out on large of amounts of property tax revenues as deals increasingly go through in cash and the buyers concerned regist... Read full news |
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