Homester.com Web News Archive

2009 Real Estate Forecast: Troubles Spread (BusinessWeek Online via Yahoo! News) - 2008 was the year that subprime borrowers and speculators got hurt by the real estate crisis. 2009 could be when everyone else gets hit.

Bush withdraws pardon of LI real estate scammer (Newsday) - White House issues extraordinary statement saying Bush was reversing his decision to pardon Issac Robert Toussie. President Bush took the extraordinary step of reversing a pardon issued the day before to Isaac Robert Toussie, the developer convicted of a large-scale Suffolk real estate scam.

Bush withdraws pardon of Suffolk real estate scammer (AM New York) - White House issues extraordinary statement saying Bush was reversing his decision to pardon Issac Robert Toussie. President George W. Bush on Wednesday took the extraordinary step of reversing a pardon issued the day before to Isaac Robert Toussie, the Brooklyn developer convicted of a large-scale Suffolk real estate scam, the White House said.

Real estate agent: Market took vacation from common sense (Atlanta Journal-Constitution) - Jim Crawford, a real estate agent with ReMax Greater Atlanta, began his career in Atlanta 16 years ago in the midst of a previous market slump. "Stuff hadn't sold here in years. Paint was faded off the signs. You couldn't even read the agents' names," Crawford, 54, recalled. A new crop of faded signs may be in the offing, judging from data released this week.

Seattle hits top 10 list for troubled real estate assets (BizJournals) - The greater Seattle area is among the top 10 metro markets nationwide for troubled real estate assets, according to a new report.

Is Real Estate Value an Oxymoron? (Morningstar.com via Yahoo! Finance) - Our commercial real estate outlook viewed through real estate investment trusts.

No early end to real estate crisis (Vietnam Net) - VietNamNet Bridge – The real estate market will not show signs of recovery until the end of next year, Viet Nam Contractors Association vice chairman Nguyen Quoc Hiep told the Customs newspaper.

Commercial Real Estate Industry Seeks U.S. Aid (Washington Post) - Some of the country's biggest commercial real estate players are asking the government for help, as their $6 trillion industry of hotels, office buildings and shopping malls faces a record amount of debt coming due in the next few years.

Slump closes Jackson real estate brokerage (Casper Star-Tribune) - JACKSON -- The slow pace of property sales in Jackson is forcing the closure of a large real estate firm.

Local real estate poised to profit from crisis (The Manila Times) - The Philippine real-estate market could be a safe haven and even a source of profit in the world financial crisis, a global property consultant said Wednesday.