Homester.com Web News Archive

BofA, National City offer bleak view of real estate, economy (Market Watch) - NEW YORK (MarketWatch) -- On the same day a report showed the confidence of U.S. home builders collapsed to a 15-year low, Bank of America and National City executives offered their own bleak views of the real-estate market and economy on Tuesday, even as they sounded reassuring about their own companies' prospects.

After outpacing real estate, Equity Residential gets a downgrade (Market Watch) - BOSTON (MarketWatch) -- Merrill Lynch downgraded shares of apartment owner Equity Residential Properties Trust on Wednesday, citing the stock's outperformance of the real-estate pack.

Real estate Q&A (Newsday) - The real estate market continues to soften, and yesterday it was reported that new home construction was down 7 percent in the Northeast in July, while in the nation it was down 2.5 percent. (See In Brief, Page A54.)

Murfreesboro Realtor joins Weichert Real Estate Affiliates (Nashville Business Journal) - Carroll Real Estate Services in Murfreesboro has franchised with Weichert Real Estate Affiliates Inc.

China tightens bank lending to real estate sector (People's Daily) - In the hope of fending off possible risks fuelled by sizzling property lending, China Banking Regulatory Commission (CBRC) has issued a new policy tightening bank credit in the real estate sector.

Las Cruces real estate firm joins international consortium (New Mexico Business Weekly) - Steinborn Inc. Realtors Commercial Division, a Las Cruces-based commercial real estate firm, has joined the international commercial real estate organization TCN Worldwide. Owned by Steinborn Inc. Realtors, one of the largest real estate firms in New Mexico, Steinborn/TCN Worldwide will represent TCN in the southern area of the state, with future plans to expand into the El Paso market.

Q: A:Antoinette Matisoo What is the real estate market like in our area now? (Landmark) - Q: A:Antoinette Matisoo What is the real estate market like in our area now? Is it a good time to sell? How about buy? What did your neighbor’s home sell for?

German Stocks Pare Gains; E.ON, Hypo Real Estate Lead Declines (Bloomberg.com) - Aug. 16 (Bloomberg) -- Germany's main stock index pared gains, led by a drop in shares of E.ON, the world's largest utility by sales, and Hypo Real Estate Holding AG, the mortgage bank spun off from HVB Group.

Book Review: Trump University Real Estate 101 (Blogcritics.org) - A few weeks ago I reviewed The Complete Idiot's Guide to Real Estate Investing Basics and praised it as a detailed manual for anyone just starting out in real estate investing. At the same time, I had gotten my hands on this new Trump University Real Estate 101 book, and as I picked it up, I wondered if I was just going to end up reading all the same information in a new package. I

Canadian Real Estate Invesment Trust Announces August 2006 Distribution (SYS-CON Media) - Canadian Real Estate Investment Trust ('CREIT') (TSX: REF.UN) today announced its August 2006 monthly distribution in the amount of 10.83 cents per unit (C$1.30 annualized). The August distribution will be payable on September 15, 2006 to Unitholders of record August 31, 2006.