Sydney house sales slow but steady before expected late spring uptake

A Sydney auction ... growing buyer confidence is expected during spring. Photo: Jacky Ghossein SYDNEY'S auction clearance rate this weekend was 54.8 per cent, almost identical to last weekend's 54.1 per cent. This weekend 356 properties were listed for auction in Sydney, again very similar to the 372 offered last weekend. Of the 255 reported auctions this weekend, 161 were sold for Read more [...]

Post Irene, houses for sale in flood zones now give buyers pause – The Star-Ledger

David Gard/For The Star-LedgerA real estate sign sits in front of a flooded house on South Reading St. in Manville on Monday, August 29, 2011. The owner decided to take the house off the market because of extensive damage from Hurricane Irene. That house for sale on River Road might be viewed a little differently now by prospective homebuyers. Add to that the storm damages some listed properties suffered in Hurricane Irene and the autumn real estate market in some parts of the state is looking Read more [...]

US agency sues Barclays, HSBC and RBS

Story link: US agency sues Barclays, HSBC and RBS by Gill Montia Barclays, HSBC and Royal Bank of Scotland (RBS) are listed among 17 financial institutions being sued by the US Federal Housing Finance Agency (FHFA) over the sale of residential mortgage-backed securities (RMBSs). The FHFA came into being in 2008 when US state-backed mortgage lenders, Fannie Mae and Freddie Mac, had to be rescued, and law suits filed in federal courts yesterday allege violations of federal securities Read more [...]

Chester County listed in disaster declaration

WASHINGTON — The U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) announced that federal aid has been made available to the Commonwealth of Pennsylvania to supplement commonwealth and local recovery efforts in the area affected by Hurricane Irene during the period of August 26-30, 2011.Federal funding is available to commonwealth and Read more [...]

New planning laws will destroy the landscape that TS Eliot loved

SIR – Potentially, the most damaging change in the Government’s proposed planning reforms (report, August 28) is the policy of allowing not just “alteration” but “replacement” of “all buildings” in the Green Belt. This invites landowners to erect any kind of agricultural building and then to declare it redundant and get permission to replace it with a dwelling. This gives the lie to the claim that “protection will remain in place”. Clive Scott-Hopkins, Waltham Read more [...]

For Sale: Cottage in Muskoka alternative

Comments Email Twitter Special to National Post  Sep 3, 2011 – 8:00 AM ET | Last Updated: Sep 2, 2011 12:57 PM ET By Connie Adair Stoney Lake2884 Fire Route 47 (Burleigh Falls)Asking price: $5.9-millionTaxes: $22,030 (2011)Bedrooms: 4Bathrooms: 7MLS#: X2184857 Many families from the Bridle Path who have $4-million and $5-million homes on Stoney Lake are drawn to the area by Read more [...]