Homester.com Web News Archive

Israel's Olmert cleared in real estate deal (AP via Yahoo! News) - Israeli police on Thursday said they had dropped a criminal investigation into a real estate deal by Prime Minister Ehud Olmert, just days before he leaves office, citing lack of sufficient evidence.

Commercial real estate loan defaults skyrocket (AP via Yahoo! Finance) - With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.

Soros Predicts U.S. Commercial Real Estate Values Will Fall 30% (Bloomberg) - March 26 (Bloomberg) -- Billionaire investor George Soros said U.S. commercial real estate will probably drop at least 30 percent in value, causing further strains on banks.

Home builders, real estate agents find creative incentives to move inventory (Pittsburgh Tribune-Review) - Local home builders and real estate companies are pulling out all the stops — offering perks such as appliances, extra guarantees on the sale of existing homes or income insurance in event of a job loss — in hopes of making a sale.

REAL ESTATE (St. Petersburg Times) - Residential real estate In this section you can find different offers on residential real estate from the leading real estate agencies: Apartments for all tastes: standard to luxurious, short or long terms.

REAL ESTATE CATALOGUE (St. Petersburg Times) - In the nearest issue you will find the latest data on commercial, residential and trade premises in St. Petersburg. Fresh information about state of real estate market, tips from the leading consulting companies and much more!

Commercial real estate loan defaults skyrocket (The Salt Lake Tribune) - Washington » With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.

New blended tax will push up real estate deal costs, says industry group (The Canadian Press via Yahoo! Canada News) - TORONTO - The Ontariol Real Estate Association warns that the Ontario Liberal government's reported plan to harmonize the GST and provincial sales tax will add more than $2,000 to the cost of buying a resale home in the province and could stall the sluggish housing market's recovery from recession.

Local real estate agencies merge (Island Packet) - Cora Bett Thomas Realty and Town & Country Real Estate recently merged, creating Cora Bett Thomas Re

Chinese find opportunity in U.S. real-estate slump (McClatchy Newspapers via Yahoo! News) - BEIJING — Amid a downturn in real-estate prices, some wealthy Chinese are signing up for home-buying tours to the U.S., and Chinese media tout the trend as another sign of the strength of what's now the world's third-largest economy behind the U.S. and Japan.