Homester.com Web News Archive

Analysts say Las Vegas real estate too high (KVBC Las Vegas) - Some analysts believe homes are overpriced in the Las Vegas area. But, local real estate experts disagree. The Massachusetts-based Local Market Monitor reports Las Vegas has an average home price of nearly $297,000. It says that is 28 percent above the level it should be.

Oman's real estate prices fuelled by speculation (Gulf News) - Muscat: Property prices in Oman are becoming speculative and a top real estate official fears a crash similar to that which struck in the mid-1980s.

Real estate ‘flippers’ learned lessons on proper selling with good profits (Turks.US) - Investing in real estate looked so sexy. Like the tech-stock bubble that turned college kids and housewives into day traders, the real estate boom turned insurance brokers, doctors and bicycle mechanics into real estate flippers, who would buy and then quickly sell homes for easy profits.

District Atty. launches real estate fraud video (Turks.US) - The newly formed Ventura County Real Estate Fraud Advisory Team, or REFAT, will premiere its new video on real estate fraud, “Predatory Practices.” The video will be shown at REFAT’s first special forum to raise real estate fraud awareness among professionals in the real estate industry.

William Belman, 87, business owner, real estate developer, auxiliary deputy (The Plain Dealer) - Beachwood -- William "Bill" Belman owned a lumber business, developed real estate and was a member of Beechmont Country Club for 57 years, but eased away from golf to have more time for volunteer duties as an auxiliary deputy sheriff. He died Tuesday at Hillcrest Hospital. He was 87.

Real estate agents get tougher rules for license (Turks.US) - Gov. Arnold Schwarzenegger signed a bill which would make license examination for agents harder. The governor signed AB 2429, which requires prospective agents to complete all three Department of Real Estate-mandated courses before they can take the license examination.

Dallas real estate broker sets up shop in Houston (Turks.US) - Venture Commercial Real Estate chose Houston as the site for its first office outside of Dallas. The firm handles leasing of more than 11 million square feet of retail properties and represents roughly 35 retail tenants all over the state but primarily in the Dallas area.

Real Estate Transfers (Centre Daily Times) - Real Estate Transfers The following property transactions, those most recently released to the Centre Daily Times, were recorded from Aug. 28, 2006, through Sept. 1, 2006, in the office of the Centre County Recorder of Deeds.

Why monetary union is good for Abu Dhabi real estate (AME Info) - Abu Dhabi has offered to be the home of the proposed new GCC Central Bank as a part of a monetary union in 2010. Both events would underpin confidence in the UAE capital's nascent real estate sector. But there is also a tangible macroeconomic impact that investors should begin to take on board.

Housing futures: Insurance against a real estate bust? (Pittsburgh Post-Gazette) - Housing bubble got you troubled? Now you can invest in housing futures as a hedge against the possibility that your local real estate bubble might burst and drive down the value of your home.