Homester.com Web News Archive

Real estate 'bubble' grows in S. Korea, but for how long? (Asahi.com) - SEOUL--Land prices are soaring, ordinary citizens are taking out loans just to grab some of the available real estate, and the government has taken measures to prevent the situation from spiraling out of control.

Last week's biggest real estate deals (The Arizona Republic) - A Scottsdale business owner, online real estate investment company partner and a disposal services manager are among the buyers and sellers in this weeks done deals.

CBOT Launches Real Estate Index Futures, (Investors Offshore) - The Chicago Board of Trade (CBOT) has announced plans to launch a new stock index futures contract based on the Dow Jones US Real Estate Index.

GE Real Estate Completes $2.2B Acquisition of Crow Holdings Portfolio (Commercial Property News) - GE Real Estate completed its $2.2 billion acquisition of a diversified portfolio of 147 assets from Crow holdings Monday.

Real estate downturn puts drag on Severn Bancorp's 4Q earnings (BizJournals) - Severn Bancorp Inc. said Tuesday that fourth-quarter results suffered as real estate lending opportunities -- the engine that has helped drive several local banks' earnings growth -- began to slow.

Comedian Seinfeld Ordered to Pay Real Estate Broker Fee (Law.com via Yahoo! Finance) - A judge has ruled that comedian Jerry Seinfeld must pay real estate broker Tamara Cohen a commission of at least $98,750 for his $3.95 million Manhattan townhouse. Seinfeld had testified that Cohen did not deserve the payment, as she had not been available when he and his wife wanted to see the home.

Real estate mapping site launched (BizJournals) - The Pittsburgh Regional Alliance, the marketing arm of the Allegheny Conference on Community Development, an economic development organization, has launched an interactive real estate mapping Web site -- PittsburghProspector.com .

Realize Big Returns with Real Estate (Wellsville Daily Reporter) - (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.

Local officials undercut real estate controls (China Daily) - Balky local governments greatly undermined the central government's macro control policies in the real estate sector because they failed to fully implement government directives, the Xinhua news agency reported on January 7.

Commercial real estate surges with $5.6 billion year in valley (San Jose Mercury News) - Silicon Valley's investment market shattered records again in 2006 after $5.6 billion worth of commercial real estate traded hands.