Homester.com Web News Archive

Real estate firm Fairfield files for bankruptcy (Reuters via Yahoo! News) - Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.

Embattled real estate investor left Dallas for Brazil, texts say (Dallas Morning News) - As legal and financial pressures mount against Dallas real estate investor Eric Brauss, more evidence is emerging that he left the country and won't return, at least not to Dallas.

Commercial real estate starving for credit (Richmond Times-Dispatch) - Commercial real estate is starving for credit Smart money continues to pile up on the sidelines, anxious to take advantage of bargain-basement pricing for broken commercial real estate loans. Government policy, however, seems geared toward preventing breaks by letting bad loans go unrecognized on banks’ books in hopes that they will become good loans.

Real estate firm Fairfield files for bankruptcy (MalaysiaNews.net) - NEW YORK (Reuters) - Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has ma...

Bay Area real estate investors snap up rental properties (Contra Costa Times) - Bay Area real estate investors have gone on a shopping spree, snapping up homes in low-cost communities outside the region as falling home prices and low mortgage rates make the economics of buying rental property far more appealing.

Drop stamp duty, demands Real Estate Institute (ABC via Yahoo!7 News) - The Real Estate Institute of the Northern Territory says people are disgusted by the amount of stamp duty they have to pay the government.

'Unfettered investment into real estate dangerous' (Nepalnews. com) - Experts have warned that a huge level of investment of banks and finance companies into the real estate sector can lead to a debacle. Nepali banks and finance companies have invested billions of rupees - approximately Rs 50 billion - in the real estate sector.

Banker with an interest in real estate (AsiaOne) - Property makes up a substantial portion of Mr Sumit Aggarwal's investments. His confidence in it was bolstered by a series of good experiences from his real estate investments in India, London and Singapore.

Real estate slump impacts conveyance tax collection (The Record-Journal) - Two area municipalities have seen steep declines in the amount of money collected from real estate transactions. Meriden's conveyance tax revenue is down by 38 percent compared to last year and Southington's is down about 20 percent.

Real estate matchmaking move in Ajman gets positive feedback (Zawya) - Dubai The new initiative by Ajman Real Estate Regulatory Authority (ARRA) to match investors who have lost money from stalled projects with approved developers has so far received positive feedback from the investors.