Homester.com Web News Archive

Team spirit turns hockey star into real estate czar (USA Today) - Lenders are collapsing, home sales and prices in many markets are falling and lots of investors are panicking. Not Warren Buffett. He told a group of his real estate managers late last month in Omaha that he sees this as a time of opportunity. The man who will try to seize some of those opportunities for him is Ron Peltier, CEO of HomeServices of America.

Cutbacks Mount in Real Estate Industry (Washington Post) - Washington's real estate industry, already pinched by a slowdown in residential construction, is bracing for further retrenchment after last week's meltdown in the mortgage market.

Real estate on the skids (Haaretz Daily) - Just a few months ago, we and the entire capital market touted investment in real estate. Real estate companies were buying foreign properties at a dizzying pace, borrowing billions of dollars, sniffing at everything under the sun - and their stocks generated phenomenal yields.

Israeli firm to invest in Indian real estate (Hindustan Times) - Israeli firm, Gazit Globe Ltd, has decided to invest $110 million in an Indian real estate investment fund backed by Housing Development Finance Corporation Ltd (HDFC).

Symington, Romney son find common ground: Real estate (The Arizona Republic) - Fancy meeting you here! . . . Real-estate developer met real-estate developer in a chance encounter at the Esplanade in central Phoenix.

Realize Big Returns with Real Estate (Benton Evening News) - (ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days.

Real estate 'gurus' often unreliable (Los Angeles Times) - WASHINGTON -- The sentencing of financial guru Wade Cook to 88 months in a federal penitentiary for tax evasion should be a warning to anyone thinking of buying into the get-rich-quick schemes peddled on late-night television by real-estate "specialists."

Tycoon's family fueds over real estate (New York Daily News) - William Gottlieb wasn't anyone's idea of a real estate mogul before his death in 1999, but now his billion-dollar empire is the focus of a bitter and increasingly strange family feud.

Real estate funds lose $13 billion (Asbury Park Press) - Fidelity Investments, Franklin Resources Inc. and Kensington Investment Group Inc. are the biggest losers in a decline by U.S. real estate funds that wiped out $13 billion in the past three months.

John F. Wasik: Dumping the real-estate agent might spur your home's sale (Asbury Park Press) - If you are selling property now in a market bedeviled by huge inventories of homes and a credit crunch, you could do better if you dumped your real-estate agent.