A residential area is a type of land use where the predominant use is residential. In areas that are zoned residential, buildings may include single family housing, multiple family housing, (apartments, duplexes (or similar configurations), condominiums) or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses.

In certain situations residential areas may consist of quite large tracts of land which have no services whatsoever requiring a trip to town in order to fulfill basic needs. Because of the large distances involved most of these numerous trips involve using a motor vehicle. In the case of a land development the pattern of development is usually set forth in the restrictive covenants contained in the deeds to the properties in the development, but may also result from or be reinforced by zoning. Restrictive covenants are not easily changed as the agreement of all property owners (many of whom may not live in the area) may need to be obtained to effect a change.

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NYT > Real Estate

Foreclosure Makes Its Move on Manhattan
Fri, 05 Sep 2008 18:07:15 -0000
More apartment owners are missing mortgage payments and trying to sell their homes to avoid default. Some seem to have been caught by surprise at the mess they find themselves in.
Streetscapes | 20 West 44th Street: A Stately Structure, Where a Grand Idea Failed
Sat, 06 Sep 2008 11:00:10 -0000
The General Society of Mechanics and Tradesmen is selling the air rights of its stately Renaissance-style building at 20 West 44th Street so a new building can expand.
Living In | Grasmere, Staten Island: Bucolic and Bustling, All at Once
Fri, 05 Sep 2008 20:52:14 -0000
The Grasmere neighborhood in Staten Island has a stop on the Staten Island Railway and is home to Brady’s Pond, which covers 15 acres.

Home mortgage rates and real estate news - CNNMoney.com

Rescue cost: The big unknown
Sat, 06 Sep 2008 19:01:28 -0400
If only it were the $64 million question. The taxpayer bill for rescuing Fannie Mae and Freddie Mac could turn out to be the $64 billion question. Or more - or less.
Record 1.2M homes hit by foreclosure
Fri, 05 Sep 2008 14:44:46 -0400
A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to a report released Friday by the Mortgage Bankers Association.
How a housing crash hurts retirees
Thu, 04 Sep 2008 15:29:52 -0400
You already know that the housing crisis has wreaked havoc with the economy and financial markets, not to mention the lives of millions who've lost or could lose their homes. But there may be a less obvious casualty too: your retirement prosperity.

Forbes.com: Real Estate News

America's Most Affordable Places to Retire
Maurna Desmond Wed, 27 Aug 2008 16:00:00 -0000
Factors like the cost of living, jobs and access to health services make these cities tops for those in their second acts.
Where Home Prices Are Likely To Rise
Matt Woolsey Mon, 25 Aug 2008 19:00:00 -0000
Recovery might be two or three years off, but in these 10 cities, homeowners can expect long-term appreciation.
America's Most Distressed Housing Markets
Matt Woolsey Thu, 21 Aug 2008 16:00:00 -0000
In these 10 cities, homeowners are taking losses on properties and selling within a year.

RealEstateJournal.com Commercial Real Estate News

Grain Rally Fertilizes U.S Farm Prices
Tue, 08 Apr 2008 04:00:00 -0000
The surge in demand for corn, soybean and wheat has raised Midwestern land values, but experts worry that the farmland market is a bubble waiting to burst.
Centro Properties Receives Buyout Bids
Mon, 07 Apr 2008 04:00:00 -0000
At least five suitors -- including Citadel Investment -- are looking to buy the cash-strapped retail-property firm.
Legislation Would Give Builders a Big Break
Fri, 04 Apr 2008 04:00:00 -0000
A bipartisan provision unveiled Wednesday by Senate leaders would allow companies to apply current losses to taxes paid four years ago, instead of the current two-year carry-back.
Traders Rally Around Home-Builder Stocks
Fri, 04 Apr 2008 04:00:00 -0000
Investors are preparing for the housing market to level off and perhaps start to rebound.
Office Rentals Show A Decrease in Demand
Fri, 04 Apr 2008 04:00:00 -0000
Businesses are pulling back on renting space a sign economic weakness is hitting landlords. The leasing slowdown will likely exacerbate the decline in commercial construction.
REITS Make Comeback Amid Housing Bust
Thu, 03 Apr 2008 04:00:00 -0000
Stocks of real-estate investment trusts staged a modest rally in the first quarter, driven by strong gains by operators of apartment buildings and self-storage space.

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