Just Published: Watch List (Nov. 25-Dec. 1): Heading for Trouble in 2008
Thanksgiving may have kicked off the time for holiday cheer, but the news on the nation's housing front has been anything but cheery.
Commercial market correction should not be as sharp as for residential.
Australian REIT Reckson New York Property Trust saw its stock price lose nearly half its value this month after Scott Rechler, its chairman and CEO, told investors that the subprime meltdown has put a big hurt on the REIT.
This week's listings include downsizings in Alabama, Arizona, Connecticut, Florida, Michigan, Missouri, New Jersey and Texas.
Read all of the above stories and access this week's properties on the Watch List in: Boaz, AL; Fontana, CA; Bristol, CT; Orlando and Plantation, FL; Arabi, LA; Detroit, MI; Minotola and Paterson, NJ; Brooklyn, Penfield and Troy, NY; Oklahoma City, OK; Robinson Township, PA; and Austin, Desoto, Houston, Killeen, Kingwood, Richardson, Seabrook, Temple and Waco, TX.
Source: CoStar Group