Homester.com Web News Archive

Houston commercial real estate likely to be a 'port in the storm' (BizJournals) - Commercial real estate investors and developers have been warned to brace for more uncertainty in 2008 as fundamentals and pricing continue to soften.

Brighter future for real estate? (BizJournals) - Investors will likely find favorable real estate deals next year -- if sellers are willing to bargain -- in land, apartment complexes and office buildings around Sacramento, according to a market forecast from the region's top brokerage, CB Richard Ellis.

Banks turn to auction houses to unload real estate (BizJournals) - Financial institutions seeking to sell a growing number of foreclosed properties in the wake of the subprime mortgage meltdown are increasingly turning to auction houses as an alternative avenue for real estate marketing.

Real Estate Investors Hit By Foreclosures (FOX 40 Sacramento) - SAN FRANCISCO — More than one-fifth of the San Francisco Bay area properties that fell into foreclosure this year belonged to real estate investors instead of overextended homeowners, according to a newspaper report.

California Workers' Comp Insurer Names Regional Assistant Real Estate Manager (Insurance Journal) - Luis Borovinsky has been named regional assistant real estate manager for California State Compensation Insurance Fund's Southern California operations. Borovinsky joined the organization's Santa

Leading real estate developers to participate at IREIS 2008 (Gowealthy) - The 4th edition of Abu Dhabi Real Estate and Investment Show (IREIS 2008) will be held at the Abu Dhabi National Exhibition Centre from January 30 to February 2, 2008 under the patronage of HE Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council.

Akruti Nirman to be renamed, eyes larger real estate projects (Express India) - Akruti Nirman, a BSE listed real estate company, is in for an image makeover. The promoters of the company are in the process of renaming and recreating its identity as Akruti City, apart from coming up with a new logo through a month long advertising campaign, expected to commence by December-end 2007.

Ogden real estate developer: What happened to investors' millions? (The Salt Lake Tribune) - Hundreds of Utahns and out-of-state investors face the loss of millions of dollars they poured into a real-estate enterprise.     At the center of the maelstrom is Val E.

Real estate agents strive to cope in slow market (Arizona Daily Star) - When the market got tough, real estate broker Dave Sunderman did what many industry experts advise: He hit the street.

Delaware real estate market hits wall as home prices slide (The News Journal) - Real estate agents say Delaware's current housing market is the slowest they've seen in decades, with the number of home sales down, homes sitting longer on the market, foreclosures climbing and prices stagnant.