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

Designed to Rent
Thu, 07 Aug 2008 23:27:31 -0000
With so many vacation getaways entering the rental market, owners and property management companies are now looking to design to draw vacationers.
Havens | Utica, Ill.: Rugged Cliffs, Canyons and a Comeback
Thu, 07 Aug 2008 21:47:07 -0000
Second-home buyers seek cottages in Utica’s historic downtown, rustic A-frames in the woods, or attached two-story log homes and cabins.
Your Second Home | Canoes, Kayaks and Sailboats: Getting Out on the Water
Thu, 07 Aug 2008 21:32:29 -0000
There’s a lot to think about before pulling out the checkbook and buying a canoe or a yacht.

Home mortgage rates and real estate news - CNNMoney.com

Foreclosure crisis: The $4 billion fix
Thu, 07 Aug 2008 12:06:36 -0400
City officials and community activists can't wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods suffering from record foreclosures.
June pending home sales tick up 5.3%
Thu, 07 Aug 2008 11:45:44 -0400
The number of pending homes for sale rose in June, a rebound from the previous month, according to a report released Thursday.
Long-term mortgage rates hold steady
Thu, 07 Aug 2008 12:40:35 -0400
Interest rates for long-term mortgages held steady this week as the troubled housing market continued to weigh on the nation's economy, Freddie Mac reported Thursday.

Forbes.com: Real Estate News

U.S. Cities With The Most Home Equity
Matt Woolsey Tue, 05 Aug 2008 15:00:00 -0000
While the nation's homeowners grapple with shrinking property values, those in these spots are doing just fine.
America's Most In-Debt Households
Matt Woolsey Tue, 05 Aug 2008 14:00:00 -0000
Twenty spots where property owners have the least equity in their homes. Plus, Freddie Mac is still hurting.
America's Most Overpriced ZIP Codes
Matt Woolsey Tue, 29 Jul 2008 18:00:00 -0000
Ten spots where buyers pay a huge premium to own relative to how much it would cost to rent.

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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