Homester.com Web News Archive

Google branches out...with real estate (CNN Money) - Internet search giant to purchase almost 1 million square feet of real estate that includes existing headquarters for $319M.

The boom is over, but don't expect big drops in real estate prices, Realtors say (Sun-Sentinel) - South Florida's real estate boom is over. Housing sales are down. But don't look for prices to drop much -- if at all -- partly because of demand from overseas buyers, the chief economist of the National Association of Realtors said Tuesday in Coral Gables.

Treasury Asst. Secretary to Discuss GSEs with Real Estate Roundtable (United States Department of the Treasury) - U.S. Treasury Assistant Secretary for Financial Institutions Emil W. Henry, Jr. will give remarks before the Real Estate Roundtable on Thursday, June 15 at the Mandarin Oriental.

Real estate prices, demand frazzle buyers (Miami Herald) - A real estate frenzy grips China's urban areas, and on one recent day, saleswoman Xu Shuang faced an unruly throng when units at her luxury housing project went on the block.

Real estate for sale increases as sales decline and prices rise (Martha's Vineyard Times) - According to data compiled by LINK, the Island's real estate listing service, the Island's inventory of homes for sale rose 25 percent in the first quarter of 2006, compared to the like period a year ago, while actual sales dropped more than 10 percent.

German Stocks Advance, Led by Hypo Real Estate, Bayer, Schering (Bloomberg.com) - June 14 (Bloomberg) -- German stocks rose, led by Hypo Real Estate Holding AG. The commercial property lender agreed to buy the international business of Lone Start Funds' AHBR German mortgage bank as it seeks to boost lending.

The Millionaire down the Street Was Right, But Now What's in Store for Real Estate? (Knowledge at Wharton) - In recent years, when interest rates in the U.S. were low, hordes of homeowners and investors in real estate grew wealthier as they watched their home values increase or their investment properties sell for multiples of their purchase price. But now, with interest rates rising, the run-up in real estate may be ending. What will happen next? Experts from Wharton and elsewhere debated this question

Real estate to soon be found on T-F Web site (CentralOhio.com) - BUCYRUS -- Area real estate agents soon will be able to post their listings on the Telegraph-Forum's Web site. Within the next couple of weeks the T-F's Web site will have a new section for Real Estate and a place for online consumers to shop for a home.

Alberta real estate boom continues (CBC) - The red-hot Calgary real estate market experienced the highest year-over-year increases in the country last month, according to the latest figures from the Canadian Real Estate Association. The average home resale in Calgary was $358,214 in May, up 43.6 per cent from the same month a year ago.

German Stocks Advance, Led by Hypo Real Estate, Bayer, Schering (Bloomberg.com) - June 14 (Bloomberg) -- German stocks rose, led by Hypo Real Estate Holding AG, Bayer AG and Schering AG. The benchmark DAX Index added 20.52, or 0.4 percent, to 5312.66 as of 9:05 a.m. in Frankfurt. The HDAX Index of the country's 110 biggest companies climbed 0.3 percent.