Homester.com Web News Archive

Signs of an end of real estate asset price deflation as Pacific Century Group’s landmark building in Tokyo sells for (India Daily) - Japanese real estate is making moves again. According to some real estate gurus Japanese real estate can appreciate 50% over the next three years. The prices are depressed ober a decade.

Legacy Hotels Real Estate Investment Trust Announces Quarterly Distribution (SYS-CON Media) - Legacy Hotels Real Estate Investment Trust ('Legacy' or the 'Trust')(TSX: LGY.UN) today announced a third quarter distribution of $0.08 per unit to unitholders of record as of October 2, 2006. Payment will be made on or about October 20, 2006.

Real Estate Association delays decision on MLS changes (CBC via Yahoo! Canada News) - The Canadian Real Estate Association has delayed making a decision on proposed changes to the Multiple Listing Service, as full-service and discount realtors continue to dispute the rules of competition.

DeWitt Township real estate agency adds Okemos firm (Lansing State Journal) - DEWITT TOWNSHIP - Real estate firm Century 21 Looking Glass has acquired Century 21 Shellhorn in Okemos.

Real Estate Expo a resounding success (Queens Courier) - More than 1,000 people filled the Crowne Plaza Hotel in East Elmhurst for the First Queens Real Estate Expo, which was sponsored by many groups including The Queens Courier making it a resounding success, according to event organizer Anthony Kazazis.

NAR PULSE: Learn Why Real Estate is a Constant Moneymaker with the 'Insider's Guide' (Real Estate News) - Learn from best selling authors and real estate investors Dolf de Roos, Ph.D., and Diane Kennedy, CPA, why real estate is a consistent moneymaker, quick and inexpensive ideas for increasing property values, and more. Packed with hot-tips, 'The Insider's Guide to Making Money in Real Estate' (item #141-76) makes a great gift to clients as it promotes working with a realtor for their investment

SEZs are just real estate, says Reddy (Deccan Herald) - Reflecting its reservations on the policy for Special Economic Zones (SEZs), the Reserve Bank of India (RBI), on Thursday, ruled out any concessional finance to developers and units in these zones, saying they should be treated on par with real estate projects.

'Real Estate Rapist' Appeals Conviction (WMTW Auburn) - The Gorham, Maine, man known as the "Real Estate Rapist" appeals his conviction to New Hampshire's Supreme Court, challenging evidence in his trial and asking whether the state has a right to impose consecutive sentences.

Soaring insurance costs threaten Florida's real estate industry, survey says (Sun-Sentinel) - Florida's property insurance crisis threatens the state's commercial real estate market and ultimately, Florida's economy, an industry survey by the University of Florida Center for Real Estate Studies says.

Real Estate Commissions Falling (The Motley Fool via Yahoo! News) - If you're planning on buying or selling a home, I've got good news for you: Commissions taken by real estate agents have been falling in recent years and are now, on average, around 5% compared to a historical average of around 6%. On a $250,000 home, that 1% difference amounts to $2,500 -- not chump change.