Homester.com Web News Archive

N.Y. Real Estate Heir Sent Back to Prison (AP via Yahoo! News) - A New York real estate heir who was acquitted of murdering his neighbor in Texas will be sent back to prison for violating his parole on other charges, parole officials ruled Friday.

Real estate market continues to cool (Contra Costa Times) - The real estate slowdown sped up in December, capping a year that some observers believe will mark the end of the historic home price run-up. Sales of new and resale homes and condos in the nine-county Bay Area dropped on a year-over-year basis for the ninth month in a row and at the steepest rate since November 2001, according to La Jolla-based research firm DataQuick Information Systems. The

Protect real estate investments through an LLC (Bankrate.com via Yahoo! Finance) - Your personal home can't be owned by an LLC but it's a good way to limit your risk in investment properties, says Real Estate Adviser Steve McLinden.

Israeli real estate mogul said acquiring Whitbread/Marriott's U.K. hotels for $1b (Haaretz Daily) - Israeli real estate entrepreneur Yigal Ahuvi is expected to acquire Whitbread and Marriott's joint hotel venture in Great Britain. According to the Times of London report late last week, the deal is estimated at $1 billion.

Real estate company moves into Charlotte market (The State) - ERA Wilder Realty has entered the Charlotte market and gained 65 agents following two acquisitions. The Columbia real estate firm purchased ERA Panther Realty of Charlotte and Palmetto Real Estate of Columbia this month. Financial details were not disclosed.

Protect real estate investments through an LLC (Bankrate.com) - Dear Real Estate Adviser, I operate a small real estate investment business and trying to determine if there is any value -- economic, legal, tax or other -- of owning your personal home through a limited liability company? What about owning rental properties through one?

Real Estate Gains Value (ERT.gr) - According to a survey conducted by Metron Analysys and Eurobank’s Economic Research and Forecasts Dept, the real estate market will continue to constitute a pole of attraction for Greek consumers.

Le Papillon Promotions incorporated signs exclusive US $17 million agreement with international real estate company (AME Info) - Bahrain- headquartered Le Papillon Promotions Incorporated recently appointed CENTURY 21® Bahrain Properties, a broker office in one of the world's largest real estate networks, to be the exclusive sales and marketing agents for the company's new, luxury residential development, situated in Juffair.

Real estate funds looking good (The Myrtle Beach Sun News) - Analysts have been nervously writing year-end epitaphs for real estate for the past couple years, but the sector has kept outperforming the overall market. Despite worries that real estate funds are due for a breather after six strong years, smart investors are likely to hang on for the long haul.

Overseas Real Estate Draws Foreign Investors (Turks.US) - Asian-American investors are excited about the Zhubang 2000 high-rise, why wouldn't they? The Asian real estate market is on a boom and they are a part of it.