Homester.com Web News Archive

Commercial real-estate market suffered in 2009; more of the same forecast for 2010 (Seattle Times) - Commercial real-estate insiders say 2010 could be as bad, if not worse, than 2009 for their industry.

FBI deluged by fraud cases from real estate bubble (The Virginian-Pilot) - The criminal cases against Brian W. King and Ronnie E. Brodie are typical of what the FBI is seeing as a result of the rise and fall of the real estate market. King, 42, of Virginia Beach, pleaded guilty this month to falsifying mortgage applications, obtaining more than $700,000 in loans he never should have qualified for by inflating his income.

City Real Estate May Face Smoother Ride In 2010 (NY1 News) - With 2009 coming to an end, real estate experts are trying to forecast what may be in store for both property owners and seekers in the new year.

The lost decade for real estate (Haaretz Daily) - Many things may be said about the last decade in the real estate market - that it began with falling prices and ended with rising ones, that after a serious slump in the early years a bubble might be forming in the later ones. It's all true. But overall, it can be summed up as a lost decade.

The Realities of Real Estate: HUD revisions enhance ability to shop for home loan (The Capital) - When we saw the real estate bubble burst in late 2008, much of the blame focused on how people get a home loan and the idea that lending procedures allowed many buyers to unknowingly borrow more than they could afford.

Board of Trade talks real estate at AGM (Brampton Guardian) - Community and business leaders offered to help the Brampton Board of Trade bounce back from a bad real estate deal that essentially sank the organization’s finances.

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.

He burst the bubble! Real estate speculator Lloyd Varma defaulted on 20 loans for 10 Queens homes (New York Daily News) - A Queens real estate speculator named Lloyd Varma is a poster boy for the collapse of the housing market - and the role banks played in its downfall.

Kyogle next real estate hot spot (Northern Star) - Kyogle Real Estate’s Terry Winkler says it’s still a country town, and that’s what appeals to a lot of purchasers, including those from South-East Queensland.

Commercial real estate panel discusses forecast (Coral Gables Gazette) - By Ro Ozdemirci A well attended, pre-holiday breakfast panel on the 2010 Commercial Real Estate Market Forecast and Trends attracted Realtors® from several area Associations.