Homester.com Web News Archive

Overdue real-estate loans jump at U.S. banks (CNN Money) - Troubled real-estate loans rise for fifth straight quarter; FDIC says it's 'closely monitoring' credit markets and the biggest banks' balance sheets.

Banks' troubled real estate loans up 36 percent (Reuters via Yahoo! News) - Banks' troubled real estate loans rose for the fifth consecutive quarter to a total $66.9 billion at the end of the second quarter, the U.S. Federal Deposit Insurance Corporation said on Wednesday.

Real Estate Record Hits Hurdle (The New York Sun) - When the private equity firm Somerset Partners announced last month it was acquiring 450 Park Ave. for $1,589 a square foot, a record for a Manhattan office building, it was hailed nationwide as a sign of the historic strength and high demand in the city's commercial real estate market. Now, just weeks later, the firm is struggling to close the $510 million deal, beset by the rising cost of debt. ...

How to Have the Perfect Home You Want in Miami Real Estate (Turks.US) - Thinking of buying a home in Miami real estate? In terms of buying a home in Miami real estate, it is not as simple as looking for home and buys it. There are things that you need to look up and consider in order to make the buying process a success.

Real estate, another shooting, the Inbox (Pittsburgh Post-Gazette) - A real estate deal, a shooting at a midget football game, and some reader comments.

US banks' troubled real estate loans up 36pc (Stuff) - US banks' troubled real estate loans rose for the fifth consecutive quarter to a total $US66.9 billion ($NZ97.53 billion) at the end of the second quarter, the US Federal Deposit Insurance Corporation has said.

Real Estate Pros Probed in Mortgage Fraud (News10 Sacramento) - The FBI has questioned a number of real estate professionals linked to fraudulent transactions involving a Stockton man arrested last week.

Coalition fights property tax hike - Development, real estate professionals fear impact of increase (Johnson City Press) - A large property tax increase in Washington County could backfire by hindering new development and investment, a loose coalition that includes development and real estate professionals contends.

Residential real estate flattens out (KYIV Post) - After years of relentless price growth on the Ukrainian commercial and residential real estate markets, the last half year on the secondary residential market in the capital Kyiv saw a sudden reversal of the trend, as a growing number of homebuyers have refused to enter the market due to what they view as over-inflated prices, according to experts.

Real Estate and Hotel Magnate Leona Helmsley To Be Laid To Rest (NY1 News) - Billionaire hotel and real estate icon Leona Helmsley will be laid to rest later today inside a $1.4 million mausoleum in the Sleepy Hollow Cemetery. The granite mausoleum is 1,300 square feet, with a dozen columns and stained glass windows that recreate the Manhattan skyline.