Homester.com Web News Archive

Real Estate Investment Trusts Helping Drive The IPO Market (Investor's Business Daily via Yahoo! News) - While the last two years have been low on conventional IPOs, a lot of peculiar investment vehicles have come to market. In 2008, there was a minor craze for special-purpose acquisition companies. In 2009, the SPACs disappeared, but it's been boom time for real estate investment trusts.

Canada’s Economy Grew 0.2% in October on Real Estate (Update1) (Bloomberg) - Dec. 23 (Bloomberg) -- Canada’s economy grew 0.2 percent in October, less than economists expected, as gains in real estate services and utilities offset a drop in mining output.

Canada October GDP up on real estate, brokers (Reuters via Yahoo! News) - Canada's economy grew by 0.2 percent in October from September, the second consecutive monthly increase, on significantly higher activity by real estate agents and brokers, Statistics Canada said on Wednesday.

Weil Gotshal’s Miller Says Real Estate Bankruptcies May Grow (BusinessWeek) - Harvey Miller, lead bankruptcy lawyer for Lehman Brothers Holdings Inc., says real estate bankruptcies may rise as lenders find they can no longer delay taking losses on their loans.

Upper Allen approves 23 percent real estate tax hike (The Sentinel) - Upper Allen Township has approved a 23 percent real estate tax increase, to 1.532 mils from 1.25 mils.

Coldwell Banker ranks tops in real estate (The Progress) - CALDWELL – Coldwell Banker Real Estate ranked highest among real estate companies in satisfying home sellers according to J.D. Power and Associates 2009 Home Buyer/Seller StudySM.

State revokes license of real estate 'flipper' (The Buffalo News) - The state has revoked the license of a real estate broker who admitted to fraudulently flipping properties and engaging in other unethical practices in Erie, Niagara and Monroe counties.

Map Out a Strategy before Buying or Leasing a Florida Commercial Real Estate Property (Turks.US) - The Florida commercial real estate offers plenty of investment properties. From office spaces to large industrial structures, you are sure to find what you are looking for in the state’s commercial real estate market.

Custom IDX Software Enables Didier Colas to Create a Sense of Unique Branding Throughout his Real Estate Website (dBusinessNews.com) - EUGENE, ORE. – Didier Colas with Prudential Florida Realty has chosen IDX, Inc. to completely alter and improve the search function of his real estate website, creating a much more pleasant, time efficient, and easy-to-navigate online property search experience for consumers.

York County to lay off 16 county workers in 2010; budget contains no real estate tax increase (The Patriot-News) - The York County Commissioners passed a final budget Wednesday that includes no real estate tax increase, but includes layoffs in 16 county-wide positions.