2012 home sales: Best in 5 years

January 22, 2013 in News

Author: Chris Isidore
Publication: CNN Money
NEW YORK (CNNMoney)
Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday.

The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November's sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the start of the recession.

Vacancy rates down in fourth quarter at U.S. centers

January 17, 2013 in Articles

Author: SCT Staff
Publication: Shopping Centers Today

Vacancy rates at U.S. malls and strip centers eased in the fourth quarter, according to research firm Reis, which tracks the top 77 U.S. markets. The vacancy rate at malls declined to 8.6 percent, off one-tenth of a percentage point from the previous quarter, Reis reports. The mall vacancy rate has now declined for the five consecutive quarters since an industry 12-year high of 9.4 percent in the third quarter of 2011, according to Reis.


Commercial Real Estate Vacancies Slowly Declining, Rents Rising

January 14, 2013 in Articles

Author: Media Contact: Walter Molony
Publication: Commercial Connections
Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast.


Home sales in Portland rebound from the recession

January 11, 2013 in Articles

Author: Jessica Hall
Publication: Portland Press Herald

Sales of single-family homes rose in 2012, marking the highest level since 2007. Median sales prices rose modestly.

Sales of single-family homes in Portland in 2012 reached the highest level since 2007, before the recession.

Sales totaled 427 homes last year, up about 14 percent from 2011, according to data compiled by the Maine Home Connection real estate firm.


Maine Job Spotlight

January 6, 2013 in Articles

Author: Portland Press Herald Marketing Department
Publication: Maine Sunday Telegram

Amanda Morse, Marketing/Office Manager

How did you get started?

I’ve always found marketing intriguing, but it became a real career path for me with my first temporary position at Pierce Promotions. Commercial real estate, however, was just a lucky chance or perhaps an opportunity of fate, depending on your viewpoint, but it’s been a great experience thus far.

 

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