Homester.com Web News Archive

S Korea Fin Min: Real Estate Market Uncertainties Lurking (Nasdaq) - SEOUL -(Dow Jones)- South Korea's Minister of Finance and Economy Kwon Okyu said Thursday that despite signs of stabilizing property prices - mostly in apartment units - since the latest real-estate measures announced in January, there are still lurking uncertainties.

Real estate schemer guilty on 166 fraud counts (Atlanta Journal-Constitution) - After a two-month trial with more than 80 witnesses, a federal district court jury found Atlanta real estate developer Phillip Hill guilty on 166 counts of mortgage investment fraud. Nine co-defendants were also found guilty on multiple counts. All but Hill were released on bond pending appeals. Hill, 50, was on trial on 185 counts of mail and wire fraud, false applications, money laundering and ...

Real Estate: We'll See Blood in the Street Before This Bubble Bursts (SeekingAlpha via Yahoo! Finance) - Stockerblog submits: In my opinion, the real estate market has a long way to go before bottoming out. Why? Because owning real estate is not like owning stocks. There is no liquidity.

The Real Estate Market: Why "Bottom" is a Dirty Word (SeekingAlpha via Yahoo! Finance) - Michael K. Dawson submits: Last week, CNBC reporter, Maria Bartiromo was quite appalled by the language that Don Tomnitz, CEO of D.R. Horton , used in describing the state of the real estate market: I dont want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar [... ]

German Stocks Fall, Led by Deutsche Bank and Hypo Real Estate (Bloomberg.com) - March 14 (Bloomberg) -- German stocks slipped, led by Deutsche Bank AG, Hypo Real Estate Holding AG and ThyssenKrupp AG. The benchmark DAX Index lost 117.14, or 1.8 percent, to 6506.85 as of 9:13 a.m. in Frankfurt. The HDAX Index of the country's 110 biggest companies also dropped 2 percent.

Realize Big Returns with Real Estate (Palladium Times) - (ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days.

Resurrecting churches: Real estate brokers struggle to market old worship sites (Gloucester Daily Times) - Faced with a smaller congregation, the Second Church of Christ, Scientist, in Sacramento, Calif., is up for sale. Church members hired a real estate broker in December and priced their two buildings on 15,000 square feet at $1.4 million.

Collateral Real Estate Capital Provides $725M Credit Facility, Largest Fannie Mae Deal of its Type (Commercial Property News) - Collateral Real Estate Capital L.L.C. said today it has provided a $725 million credit facility commitment, the largest transaction of its type financed by Fannie Mae, to a joint venture between an unnamed institutional capital partner and Health Care Property Investors Inc.

Nontraded real estate trusts shed shady past, boast solid returns (Market Watch) - SANTA MONICA, Calif. (MarketWatch) -- Those ugly nontraded real estate investment trusts born out of the limited-partnership industry may finally be looking pretty. But who knows for how long.

County real estate at risk (The Flint Journal) - GENESEE COUNTY - Hate your property tax bill? Probably not as much as the owners of some high-value real estate who put off paying taxes for so long that they risk losing their property through a county foreclosure within three weeks.