Homester.com Web News Archive

Real Estate Live (Washington Post) - Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty.

Real Estate: Tips for the Intrepid (BusinessWeek Online via Yahoo! News) - Is it safe to venture back into the property market? Some real estate pros are switching into full bargain-hunting mode even as home prices continue to fall nationwide. But if you're tempted to join them in bottom-feeding, look out. Not only is there a chance home prices will fall more and not recover for years, but even seasoned professionals are struggling as they try to work out deals.

BRT Realty swings to 2Q loss on real estate slump (AP via Yahoo! Finance) - BRT Realty Trust, which makes commercial mortgage loans, said Friday it swung to a loss in the second quarter as a result of the real estate and credit slumps.

New Charlotte-Nashville commercial real estate company launched (BizJournals) - Five real estate executives from Nashville and Charlotte, N.C. have announced the launch of a new full-service commercial real estate company.

HUD: First Magnus paid illegal fees to real estate companies and builders (Arizona Daily Star) - Collapsed lender First Magnus Financial Corp. paid illegal fees to real estate companies and builders to secure mortgage business, according to an audit report released by U.S. Department of Housing and Urban Development.

Real estate agents face disciplinary hearing (The New Zealand Herald) - Real estate agents whose practising certificates were suspended after an alleged mortgage fraud was uncovered last year are to appear before an industry authority on Monday.

Gov. Paterson tightens real estate licensing (BizJournals) - Realtors across the state are applauding a new law signed by Gov. David Paterson that precludes any convicted sex offenders from obtaining a real estate brokers or agents license.

San Jose firm at center of real estate probe (San Jose Mercury News) - The officers of a San Jose-based company that helped real estate investors defer paying capital gains taxes are under investigation after accusing each other of embezzling millions of dollars from the company and its clients.

Getting it Big Fish Style in Florida Commercial Real Estate (Turks.US) - The good thing about Florida commercial real estate market is that it values a lot when it comes to making it a full swing on the current terms in your own location.

InnVest Real Estate Investment Trust turns to profit in Q2- Quick Facts (Nasdaq) - (RTTNews) - InnVest Real Estate Investment Trust (INN_U.TO) said that its second quarter net income and comprehensive income was C$15.49 million or C$0.210 per unit, compared to a loss of C$113.29 million or C$2.023 per unit in the year ago quarter.