CNBC’s Diana Olick argues that housing may be at or nearing the market bottom. Existing and new home sales were up in February, particularly in troubled areas like California, Nevada and Arizona. Houses that have been on the market in the D.C. area for months now have “under contract” signs outside, and inventory is rising, which could mean that sellers are starting to test the market. But prices still may not level off until 2010.
|Garmin co-founder Min Kao lists 15 CPW penthouse for $55M|
|Sam Boymelgreen wants to turn a Gowanus printing plant into an office building|
|Target is taking over the old Toys ‘R’ Us space at a Brooklyn shopping complex|
|Stellar Management’s partially-built townhouse returns to market asking $30M|
|Pied-à-terre tax would go “a long way toward killing the market,” brokerage execs warn|
|WATCH: TRD talks shop with the developers behind Hudson Yards|
|European hotel group links up with Largo to bring art-inspired hotel to West Chelsea|