Homester.com Web News Archive

An Uptick for Real Estate Ads Online (New York Times) - The price of a real estate ad in one major pricing plan has more than doubled since the last quarter of 2008.

Real estate consolidation not seen as trend (Crain's Detroit Business) - Despite a slow real estate market, more consolidation is not expected after last week's announcement that Birmingham-based Weir Manuel Realtors has acquired Sterling Heights-based Coldwell Banker Schweitzer Real Estate Inc.

Bank earnings expected to hit bottom in Q3 on commercial real estate loan losses (The Canadian Press via Yahoo! Canada News) - TORONTO - Canadian bank earnings, due out this week, are expected to hit bottom this quarter amid significant loan losses due in large part to the declining value of commercial real estate.

Idaho Farm Real Estate Values Decrease (AG Weekly) - Idaho farm real estate values, a measurement of the value of all land and buildings on farms averaged $2,200 per acre on January 1, 2009, down 12.0 percent from 2008, according to the National Agricultural Statistics Service.

In real estate, agent scrambles to survive (12 News Phoenix) - Real-estate agents have been among those hardest hit by the housing collapse.

Bedbugs, The Real Estate Deal Killer? (Gothamist) - No one likes bedbugs—except maybe bedbug exterminators who make bank for (hopefully) getting rid of the bedbugs—and it turns out, shocker of all shockers, that potential buyers don't like them either! The NY Times' real estate section has a big article on the effects of bedbugs on deals and opens with an example of an "elegant two-bedroom co-op in an Upper East Side prewar building had drifted ...

Gov’t to raise P12.5B from real estate sale (Philippine Daily Inquirer) - THE DEPARTMENT OF FI-nance will auction prime real estate in Metro Manila, including the controversial “Payanig sa Pasig” property, as it sets a goal of P12.5 billion in privatization proceeds in 2010.

Consider investing in real estate (New Haven Register) - Investing in real estate is a time-tested method for building wealth. So, don’t let the real estate market’s slide deter you from examining and using real estate to grow your nest egg and accomplish your personal and financial goals.

Real Estate: A closer look at short sales (The Capital) - In a previous column we talked about short sales. We recently attended an audio conference on short sales, where we picked up some additional information. So we thought it would be a good time to provide an update on this unique and increasingly common real estate transaction.

Real estate funds good or bad for portfolio? (The Clarion-Ledger) - Owning a real estate fund last year was a bit like buying a dream house - provided your dreams included a three-headed dog in the basement and a toaster that shrieks at midnight.