Sullivan Group In The News
Given our expertise in economic and housing market trends, Sullivan Group Real Estate Advisors is frequently quoted by local and national media sources. Links to the articles can be found below.
Land Owners Positioning for Market Rebound
Las Vegas Business Press, 11/5/2008
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Push is afoot to finish work on Element Hotel in Summerlin
Las Vegas Review Journal, 10/20/2008
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Housing analysts discuss local impact of meltdown
Las Vegas Review Journal, 10/18/2008
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Home Front: D.C. bailout frenzy snags down payment aid bill
Sacramento Bee, 9/26/2008
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Home resales for '08 already near to matching '07 level
Las Vegas Review Journal, 9/23/2008
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Dream project became star builder's nightmare
Sacramento Bee, 9/07/2008
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Thousands of new residences seen at downtown Sacramento railyard project
Sacramento Bee, 9/04/2008
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Slow sales dropping a hammer on builders
San Diego Union Tribune, 9/04/2008
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Region out of housing cellar
San Diego Union Tribune, 8/20/2008
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Housing Prices Sink
San Diego Union Tribune, 8/19/2008
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Condo developers struggle, market to Canadian buyers
Arizona Republic, 8/06/2008
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Scottsdale condo conversion market hits wall
Arizona Republic, 7/24/2008
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KB Home building townhomes in Henderson
Las Vegas Review Journal, 7/21/2008
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US housing slump creating 'ghost towns'
UK Telegraph, 5/07/2008
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$2.2 million penthouse bought in Scottsdale as vacation home
abc15.com, 6/18/2008
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Sacramento suffers in throes of oil shock
Sacramento Bee, 6/14/2008
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Homeowners, you can almost touch bottom
Las Vegas Review Journal, 6/04/2008
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Experts differ on outlook
In Business Las Vegas, 5/30/2008
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Real Estate Plunge Deepens
Voice of San Diego, 5/28/2008
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Housing skid leads to exodus of builders
San Diego Union Tribune, 5/27/2008
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Housing experts differ on recession
Las Vegas Review Journal, 5/23/2008
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Blue Ash picks Miller-Valentine for downtown redo
Business Courier of Cincinnati, 5/22/2008
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April housing construction news positive
San Diego Union Tribune, 5/16/2008
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Tumbling home prices seen
Las Vegas Review Journal, 5/16/2008
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Resales of homes a house divided
San Diego Union Tribune, 4/27/2008
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Survey: Home price plunge in S.D. fourth-worst in U.S.
San Diego Union Tribune, 3/25/2008
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Investors rode housing boom, and now many are going bust
San Diego Union Tribune , 3/23/2008
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Najafi to acquire Trend Homes
The Arizona Republic, 1/31/2008
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Builders suffer as housing slump hits home
In Business Las Vegas, 1/25/2008
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Behind the Meltdown: As capital prices sink, investors are circling
Sacramento Bee, 1/19/2008
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Homebuilders limit supply
Sacramento Business Journal, 1/11/2008
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Vegas home prices continue free fall
In Business Las Vegas, 1/11/2008
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They see...
Sacramento Bee, 1/06/2008
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2007 Press Coverage
2007: The Year in Housing
Voice of San Diego, 12/31/2007
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Bad news continues to build in the region
San Diego Union Tribune, 12/19/2007
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In Downtown, Foreclosure Tugs on Prices
Voice of San Diego, 12/07/2007
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7 signs to signal a market recovery
The Arizona Republic, 12/02/2007
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Pulte Homes will delay opening of green development
Las Vegas Review Journal, 11/10/2007
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Getting Used to Life in a Housing Slump
Voice of San Diego, 10/31/2007
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Nevada foreclosures: Worst yet to come
In Business Las Vegas, 10/26/2007
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Housing Bubble and Real Estate Market Tracker
Seeking Alpha, 10/24/2007
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No time out for builders
Down-market home prices could be alluring, but buyers should be prepared to move
fast
San Diego Union-Tribune, 10/21/2007
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Latest sale item may be new home
Pair of big house builders aims to clear backlogs by offering price cuts
Las Vegas Review-Journal, 10/20/2007
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Home-loan insider invites limited government help
In Business Las Vegas, 10/19/2007
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Inventory needs to drop in San Diego for housing market
to
return to stability
San Diego Daily Transcript, 10/16/2007
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In Slow Times, Homebuilders Look to Cities for Help
One of the country's biggest builders asks Santee to help pay for installing fire
hydrants, water and gas hook-ups and more.
Voice of San Diego, 10/15/2007
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Housing woes: Let's get real
Analyst calls for 'acceptance' of 20 percent decrease in home prices
Las Vegas Review-Journal, 10/10/2007
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Forecast dim for Las Vegas housing market
Associated Press, 10/07/2007
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Experts say LV housing bad bet
In Business Las Vegas, 10/5/2007
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Housing experts don't see real recovery until 2009
The Sacramento Bee, 10/3/2007
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No sign of relief in San Diego housing slump
Agents, analysts and builders all share a pessimistic outlook.
Los Angeles Times, 9/29/2007
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North Park, Encanto projects go on block
San Diego Union Tribune, 9/17/2007
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Companies work to survive the real estate slump
The Arizona Republic, 9/7/2007
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Imperial County housing outlook won't improve
until job growth does, experts say
San Diego Daily Transcript, 8/30/2007
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Home Front: Population 2 -- and poised to mushroom
The Sacramento Bee, 8/17/2007
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Home+Office
The Internet age has helped spur a steady rise in the number
of units that allow people to live where they work.
Multifamily Trends, 8/15/2007
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Downtown's Dramatic Residential Facelift
Pauses
Voice of San Diego, 8/10/2007
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Price drop may signal correction
In Business Las Vegas, 8/10/2007
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Credit crunch hurts housing
In a sign of a struggling housing market, Meritage
Homes has shuttered its sales center at Inspirada after
making no sales.
In Business Las Vegas, 8/8/2007
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Open House: Baby boomers important for housing market
Prices wobble, sales plunge again as the local housing market hits its 12th
consecutive month of falling prices.
Bend Weekly , 8/3/2007
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Housing Market on a 'Precarious Perch'
Prices wobble, sales plunge again as the local housing market hits its 12th
consecutive month of falling prices.
Voice of San Diego, 7/13/2007
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Home builders slammed again
Area prices, sales sag further in the second quarter, even
though economy is strong.
The Sacramento Bee, 7/13/2007
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Ariz. builder's troubles reflect housing slump
The nation's home builders continue to fall on hard times.
The Arizona Republic, 7/9/2007
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Head Winds Be Damned (Part II of III)
The challenge is to work through excess supply, virtually at any cost, before
demand can return to normal.
Big Builder, 7/8/2007
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Affordability drives density
In Business Las Vegas, 6/14/2007
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A Gray May for Home Sales
In the time of year when the housing market is normally hot, May's sales, like the
weather, were noticeably cool.
Voice of San Diego, 6/14/2007
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Would-be home buyers hesitate
Bay Area sellers drop prices, wait longer for offers as shoppers seek a better deal ... and fear their new
purchase will drop in value.
San Francisco Chronicle, 6/11/2007
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Retirement communities sing new tune to
boomers
The Sacramento Bee, 6/9/2007
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Foreclsoures up for investors
The Arizona Republic, 6/9/2007
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Pent-up Demand: Myth or Reality? (Part I of III)
Recovery Cycle Scenarios For New-home Economics.
Big Builder, 6/8/2007
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'We Buy Your House; You Buy Ours'
As resale homes take increasingly more days to sell, some
homebuilders offer trade-in programs.
Voice of San Diego, 6/7/2007
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Turning the Corner
Housing observers predict San Diego market has already
bottomed
out.
San Diego Daily Transcript, 5/29/2007
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New-home sales jump on price cuts
The 16.2% national gain is a surprise. Inventories continue to grow in
Southern California as demand remains weak.
Los Angeles Times, 5/25/2007
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Glimmers of optimism shine through
mixed housing news
Home foreclosures 'manageable,' repayments possible,
experts say.
San Diego Union-Tribune , 5/25/2007
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With $37M in Land for Sale, City Hite Real Estate Market
The City Council approved the first large-scale city land sale in recent memory.
Voice of San Diego, 5/22/2007
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Lengthy housing slump expected
April sales of new and existing homes decline.
The Sacramento Bee, 5/17/2007
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April Home Sales Hit Decade Low
Drops in county home sales and increasing foreclosures draw out region's housing
slump, stave off general market recovery.
Voice of San Diego, 5/16/2007
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Mortgage Woes Force Banks
To Take Hits to Sell Homes
Wall Street Journal, 5/14/2007
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In Acqua Vista, Some Owners Under Water
Fourteen of Acqua Vista's 383 condos are in foreclosure, painting a bleak picture for
the Little Italy apartment-turned-condo project.
Voice of San Diego, 4/30/2007
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It's a buyer's market - like never before
Housing experts suggest reasons for record 50,000 listings in state
The Arizona Republic, 4/9/2007
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Expensive digs grow in popularity, prices
Custom-motorcycle builder Roger Bourget says he isn't having any second thoughts about paying $3 million for his condominium overlooking the hottest corner at Kierland Commons.
The Arizona Republic, 3/17/2007
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As lenders tighten belts, market could slow further
Major lenders of mortgages to consumers with poor credit have started to drastically change their lending policies, which could shrink the pool of eligible homebuyers.
Voice of San Diego, 3/8/2007
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Hard luck for housing
Countywide price median at its lowest point since July 2004.
The San Diego Union-Tribune, 2/15/2007
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LV foreclosures spike in 4Q
More than 19,000 Las Vegas Valley homes entered foreclosure in 2006, and the filings show no signs of subsiding.
In Business Las Vegas, 2/9/2007
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Home prices heading south
It's not the burst housing bubble that some doomsayers have predicted, but Las Vegas homeowners are cutting prices to sell their homes in this soft real estate market.
In Business Las Vegas, 2/9/2007
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Housing glut gives buyers upper hand
As spring home-shopping season looms, supply mounts and prices fall in some areas; builders see slow recovery.
The Wall Street Journal, 1/25/2007
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In cooling market, condos keeping coming
Unsold, brand-new condos make up about one-fifth of downtown's entire condo stock, and another 3,000 are currently under construction.
Voice of San Diego, 1/16/2007
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Residents worry about condo complex's fate
When Dave Flores, 45, bought his condo in June in Oceanside's River Oaks complex...
North County Times, 1/15/2007
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Condo complex goes back to lender
Maisel-Presley owes $35 million on project.
The San Diego Union-Tribune, 1/11/2007
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2006 Press Coverage
The Year in Housing
Real estate's great boom time came to an end in 2006. San Diego's experience exaggerated national trends just as it had during the time of skyrocketing appreciation.
Voice of San Diego, 12/27/2006
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As luxury condos rise, demand hard to gauge
Buyers for metropolitan Phoenix's most expensive condominiums have gotten pickier and more cautious at a time when developers are racing to build dozens of elite condo projects across the city.
The Arizona Republic, 12/26/2006
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Las Vegas home prices rising, but...
The slowdown in the Las Vegas housing market appears to be bottoming out in the fourth quarter, but that doesn't mean it will return to any kind of boom any time soon...
Las Vegas Review-Journal, 12/23/2006
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Sleepy suburb gets ready for boom
It's been called the ‘‘Road to Nowhere'' by locals, but the Sun Valley Parkway could become Main Street to nearly 1 million people as development booms in the metro area west of Phoenix.
Mohave Daily News, 12/17/2006
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Changing Strategies
What homebuilders are doing to stay competitive in a cooler market.
California Builder, 12/2006
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More residents are calling condominiums home
Living in a town home or a condo is becoming a more popular choice for Las Vegas Valley residents.
In Business Las Vegas, 11/17/2006
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In Vegas real estate, the house always wins
Don't expect Las Vegas to be hit hard by the real estate downturn, especially with 7,000 new arrivals a month.
Los Angeles Times, 10/29/2006
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Luxury homes a hot spot in cooling residential real estate market
Million-dollar homes selling fast
San Diego Daily Transcript, 10/26/2006
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Baby boomers change senior housing trends
San Diego County prepares for new 'gray' rush
San Diego Daily Transcript, 10/26/2006
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Huge supply of homes keeps prices down
People aren't bragging about how much their home appreciated in a single month. There are no bidding wars for homes.
The Arizona Republic, 10/22/2006
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'For Sale' Times 30,000
San Diego homebuyers have a lot of decisions to make. They have to sift through thousands of homes currently on the market to find the perfect fit at an attainable price.
Voice of San Diego, 10/18/2006
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Housing slowdown here, especially prices, may bring buyers back to market Despite home price reductions and relatively high inventory levels in San Diego County, total sales volume in 2006 will be noticeably lower than 2005. But this isn't necessarily a negative.
The Daily Transcript, 10/17/2006
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Economy's growth a mixed bag
Slowdown in housing, inflation are concerns
San Diego Union Tribune, 10/13/2006
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Home sales, prices still falling
County sees declines unseen since early '90s
San Diego Union Tribune, 10/12/2006
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Home Price Drop Largest in 13 Years
The overall median home price in the county in September was $22,000 lower than it was last year, dropping 4.42 percent to $476,000, DataQuick Information Systems reported Wednesday.
Voice of San Diego, 10/12/2006
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Home sales, sweet home sales: Builders plot strategies
What does the future hold for new housing development in the Las Vegas Valley?
In Business Las Vegas, 9/29/2006
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Condo conversion craze grinds to halt
Oversupply of units hurts prices, leaves investors in limbo
San Diego Union Tribune, 9/24/2006
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Master plans out, townhomes in
Builders said to target urban core, valley outskirts
Las Vegas Review Journal, 9/21/2006
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Homebuilders push for annexation to small Sutter town
Land could hold another 12,000 or so houses
Sacramento Business Journal, 9/15/2006
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Flippers Flee, Long-Term Investors Hold On
As prices have declined, sales have slowed, and inventory levels have risen in recent months, the get-rich-quick, house-flipping days seem to be over for a while. But that doesn't mean all forms of real estate investing are dead in San Diego.
Voice of San Diego, 9/14/2006
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Standard Pacific Abandons Downtown L.A. Condo Deal
The 272 units, which failed to attract enough buyers, will be leased as apartments instead.
LA Times, 9/06/2006
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Borrowers Wary of Banks' Reactions to Defaults
Lenders could favor commercial projects
California Real Estate Journal, 8/28/2006
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Sales incentives keep adding up as condominium inventory
increases
Are these incentives working, and what does the future hold for the condo
market?
The Daily Transcript, 8/17/2006
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Developers Offer Condo Sales Incentives
Developers Offer TVs, Gyms, Skyline Views, Other Incentives to Sell Condos in Slow Market
ABC News, 8/13/2006
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San Diego developers offer TVs, other incentives to sell condos
The hip Atria condos have a lot to offer young professionals and empty-nesters - a prime downtown address, skyline views, gym, rooftop deck and units starting at $300,000.
San Jose Mercury News, 8/13/2006
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Sweet Suite Home
Developers in National City have taken condo conversions to a new level, planning to convert a hotel building into for-sale units.
Voice of San Diego, 8/10/2006
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‘Smart Growth’ Calls for ‘Street Smarts’
Latest Projects Serve as a Catalyst, Provide Creativity to Community
San Diego Business Journal, 7/17/2006
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Condo Prices See Significant Drop
While the news that home prices finally went negative year-on-year last month grabbed plenty of attention this week, a new report shows that the price dip has been even more exaggerated for condos and townhomes.
Voice of San Diego, 7/14/2006
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Housing hangover
With the county's median home price experiencing its first year-to-year decline in a decade, would-be sellers are feeling a...
San Diego Union Tribune, 7/13/2006
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First Yearly Home Price Drop in a Decade
It's been nearly 10 years since the median sales price of homes in San Diego dropped year-on-year.
Voice of San Diego, 7/13/2006
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June was cold month for resales
The Valley's resale housing market took a hard fall in June, its worst performance for the month since 2000 and clear evidence that buyers sat out the start of the crucial summer selling season.
The Arizona Republic, 7/13/2006
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County housing market continues to soften
San Diego County's housing market continued to lose steam in June, with median home prices posting their first year-over-year decline in a decade and sales dropping for the 24th straight month.
San Diego Union Tribune, 7/12/2006
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Brookfield Homes' shares drop after sales forecast cut
Washington, D.C., S.D. markets blamed
San Diego Union Tribune, 7/08/2006
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Is the Price Right?
Summer days hot, real estate market not
The Modesto Bee, 7/07/2006
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A hit on affordability
Cooling housing market, soaring material costs make density problematic
The Daily Transcript, 7/06/2006
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How low will it go?
Home prices may dip 10% as fear grips Valley market
The Arizona Republic, 6/18/2006
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Condo switch sales level off
Official foresees drop in prices for converted former apartments
Las Vegas Review Journal, 6/09/2006
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A Concrete Problem: Middle-Income Housing
The soaring price of cement is having a disproportionate effect on lower-middle to middle-income families.
Business Week Online, 6/09/2006
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Seeking seniors for age-targeted housing
Developments grow in popularity, but region seeing mixed results
Northwest Indiana Times, 6/04/2006
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Spot Check
With the market softening, BIG BUILDER put its collective ear to the ground to find out what builders nationwide are offering as incentives.
Big Builder, 5/2006
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Real estate firm expects a 10% decline in home sales in '06
With new home construction declining and sales slowing, the predicted 2006 housing market slowdown in San Diego County is very real...
The Daily Transcript, 5/26/2006
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Brakes slammed on for housing in the once-hot Las Vegas area
It's a buyers' market in the Las Vegas Valley, once the hottest, fastest-growing housing market in the country.
The Daily Transcript, 5/22/2006
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Home sellers beware
Buyers are in control as number of houses for sale soars in Las Vegas Valley
Las Vegas Sun, 5/21/2006
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Housing's Middle Ground
When Peter Dennehy, senior vice president of Sullivan Group Real Estate Advisors, started to outline San Diego County's rather gloomy decline in home sales activity, a few sighs went up from the crowd of real estate industry players who had come to see him speak.
Voice of San Diego, 5/19/2006
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Resales taking a tumble
Home sales are plunging in metropolitan Phoenix, even as record numbers of
people decide to put their houses on the market.
The Arizona Republic, 5/13/2006
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Keeping it cool
County's overall median home price inches higher as sales sag, listings surge
San Diego Union Tribune, 5/11/2006
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Break All the Rules at PCBC
Go ahead. Break all the rules.
BIA Builder, 5/2006
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Southland Builders Optimistic on Market
Outlook for home sales in the West contrasts with that in the U.S. overall, a survey shows.
Los Angeles Times, 4/18/2006
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Las Vegas housing market continues to favor buyers
The Las Vegas Valley housing market continues to evolve into one that favors buyers over sellers and homebuilders
In Business Las Vegas, 4/14/2006
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Mesquite set for explosive growth
The sleepy town of Mesquite is in line for big changes, with the groundbreaking of a major master-planned community that is expected to double the small city's size in seven years.
In Business Las Vegas, 4/14/2006
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Phoenix loses home-building title but performs well
Metropolitan Phoenix has lost its title as the top home-building market in the country.
The Arizona Republic , 4/09/2006
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Investors bouy home sales
40% of purchases were for second properties
San Diego Union Tribune, 4/06/2006
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Downtown downturn?
With more condos on the market in central San Diego and appreciation flattening, boom appears to be slowing
San Diego Union Tribune, 4/02/2006
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Sales stopped at off-Strip Las Vegas condo project
Sales have been suspended at another luxury condominium project in Las Vegas, as analysts said interest had dwindled in properties that were not close to the Strip.
San Diego Union Tribune, 3/28/2006
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Curve taken out of the loop
Sales suspended for condominium development, but exec says project isn't dead
Las Vegas Review Journal, 3/28/2006
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New-home sales slide is biggest in 9 years
Inventory up, escrows down; decline is sharpest in West
San Diego Union Tribune, 3/25/2006
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In 2006, extreme home design may fall to kid-friendly amenities, say real estate specialists
A tug of war between function and fashion is on display
North County Times, 1/05/2006
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