Homester.com Web News Archive

Forum Capital: Failed banks had 95% of loans in real estate (BizJournals) - RALEIGH – The 17 Southeastern banks that failed between August and May, including Wilmington’s Cape Fear Bank, had an average of 95 percent of their loans sunk into real estate, with about half of that focused in the areas of construction and land development.

High-priced homes continue their drag on real estate market (Island Packet) - In better economic times, Lottie Woodward specialized in selling high-dollar real estate on Hilton H

Google spurned as real estate sites go their own way (Australian IT) - GOOGLE wants Australia's biggest property listing websites to join its newly launched real estate maps service.

Second wave of real estate crisis to hit commercial property (WTOP Radio Washington, DC) - Floor upon floor of empty offices, plummeting commercial values and scarce financing have set the stage for a second real estate crisis in a Washington region already battered by the housing crash.

Real estate survey shows silver lining for market (The Times of India) - The real estate market is likely to recover by 2010 with increase in demand for residential segment driven by improving affordability and steady economic growth.

Former queen of real estate to rebuild (The Australian) - BANKRUPT former real estate queen Cathy Jayne Pearce has returned to Adelaide to try to resurrect her career, starting with a new company and changing her name.

Blackstone Closes Latest European Real Estate Fund with $4.3B in Commitments (Commercial Property News) - As is the case in the U.S., the commercial real estate market in Europe is in flux, but when those price tags begin to drop, as is widely expected, the Blackstone Group will be perfectly prepared to pounce on those golden opportunities.

Weak real estate shares weigh on Abu Dhabi market (AME Info) - The Abu Dhabi Securities Exchange (ADX) ended 0.37% lower at 2,579.38 points on a very low turnover. Weak performing real estate heavyweights Aldar Properties and Sorouh Real Estate weighed on the UAE capital's stock market.

Columbia-area real estate | Two developers defy down market (The State) - A couple of developers in Lexington County are taking a chance that the real estate market will brighten soon. They are moving forward with plans to build neighborhoods of $250,000 to $500,000 homes — despite higher-priced homes being the hardest hit in the worst recession in more than 80 years.

Initial price of property key in real estate investing (Everett Herald) - Question: I am planning to start investing in real estate. I have read your past columns about how to manage rental property. I agree with the two points you made, the first being that this will be a part time job for me and the second is the importance of finding a good tenant.