Homester.com Web News Archive

Meltdown 101: Commercial real estate in distress (AP via Yahoo! News) - The residential housing market went into a tailspin over a burst housing bubble and a whole lot of bad mortgages. The commercial real estate market has suffered a different sort of one-two punch.

Meltdown 101: Commercial real estate in distress (San Francisco Chronicle) - The residential housing market went into a tailspin over a burst housing bubble and a whole lot of bad mortgages. The commercial real estate market has suffered a different sort of one-two punch. Between the recession and the financial crisis, many commercial... Sponsored Topics: Real estate - Business - Commercial property - U.S. Housing Market - Recession

New home-appraisal rule brings turmoil to real estate industry (San Jose Mercury News) - Appraisers say a new rule is forcing many of them out of business while pushing up fees and derailing sales, all at a time the real estate market can ill afford such problems.

Commercial real estate drop accelerates (BizJournals) - Commercial real estate values around the country have dropped 35 percent from their peak in October 2007, according to Moody’s REAL Commercial Property Price Indices.

Hottest, Coldest Real Estate Markets (BusinessWeek) - The online real estate agency ZipRealty.com has just come out with its list of the hottest and coldest real estate markets, based on whether homes are selling for above or below the asking prices. For the most part the “hottest” markets aren’t the posh zip codes of Beverly Hills or Greenwich. Most are markets where banks are dumping foreclosed homes and bidding wars have sprouted up. Topping the ...

Morgan Stanley posts loss amid continuing real estate losses, TARP repayment (The Canadian Press via Yahoo! Canada News) - NEW YORK - Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money.

Marco man accused of real estate fraud (WINK TV Southwest Florida) - A Marco Island man is behind bars tonight, accused of real estate fraud.

Real estate contracts simplified (3news) - Agreement forms for buying and selling real estate have been simplified into "plain English".

Real Estate Agent Found Dead In River (KERO 23 Bakersfield) - BAKERSFIELD, Calif. -- Local Real Estate agent Mark Ponder was discovered in the Kern River on Wednesday. The Bakersfield Police Department said that around 12:04 p.m., a jogger was along the south side of the Kern River roughly 200 feet of Manor Street when he noticed a bod floating in the water.

On Shaky Ground: Commercial Real Estate Faces Financial Tremors (Knowledge at Wharton) - As the global recession drags on, new concerns are rising about commercial real estate. Loans taken out during the boom years are coming due, but commercial property owners are contending with higher vacancy rates, lower rents and a less-than-receptive environment for refinancing their obligations. Industry analysts and politicians suggest that commercial real estate is about to become the next ...