REAL ESTATE: Total sales weakest since 1963

Harry Bennetts

The home-buying season was a bust.

March through August are typically the peak buying months. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago.

And sales of previously occupied homes didn’t fare much better. They nearly matched 2009′s total for the peak buying months. And that was the worst since 1997.

Combined, total sales this spring and summer were the weakest on records dating to 1963.

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Nov
25

Cabinet To Renovate Erkel Theatre In Budapest

Harry Bennetts

“The cabinet intends to spend Ft 1.8 billion on renovating the Erkel Theatre, Opera House commissioner Szilveszter Okovacs said. The figure will be officially announced in early December when the centenary of the Eighth District auditorium will be celebrated.

As guest at a cabinet meeting Okovacs heard that the theatre is to be reopened in December 2013. “

Nov
15

Harcourts Hall of Fame 2011

Harry Bennetts

Over the past two weeks at Harcourts’ annual Conference on the Gold Coast and Rotorua, two incredibly significant individuals have been inducted into the Harcourts Hall of Fame – Stephen Dangerfield from Australia and Alison Aitken from New Zealand. 

As a joint Business Owner and Principal of Harcourts Inner West in Queensland, Stephen has worked in the real estate industry for many years and has forged a strong and loyal client base due to his focus on providing quality customer service.

Stephen was the second ever Harcourts Business Owner in Australia after myself and Irene set up operations here in 1997, and is now one of our longest standing and most respected Business Owners in Australia.

Over the years, Stephen has built a concrete reputation for himself based on honesty, integrity and getting the job done. In f

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Nov
12

REAL ESTATE: Previously owned u.s. home pending sales fell

Harry Bennetts

The number of contracts to purchase previously owned U.S. homes fell in August, a sign that lower prices and borrowing costs are doing little to stoke demand.

The 1.2 percent decrease in the index of pending home sales followed a 1.3 percent drop the previous month, the National Association of Realtors said today in Washington. Economists forecast a 2 percent drop, according to the median of 43 estimates in a Bloomberg News survey.

Unemployment at 9.1 percent and the acceleration of foreclosure processing indicate it may take years to clear the oversupply of houses, an obstacle for stabilizing the market.

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Nov
05