Homester.com Web News Archive

Alarm raised over Japan real estate (FT.com via Yahoo! News) - The head of Japan's second biggest housebuilder on Wednesday warned Japanese property prices were a bubble set to burst, fuelling concerns that real estate prices have reached unsustainable levels just a few years into a recovery from a prolonged slump.

Commercial Real Estate in U.S. Poised for Price Drop (Update3) (Bloomberg.com) - Sept. 5 (Bloomberg) -- U.S. commercial real estate prices may fall as much as 15 percent over the next year in the broadest decline since the 2001 recession as rising borrowing costs force property owners to accept less or postpone sales.

Alarm raised over Japan real estate (Financial Times) - The head of Japan's second biggest housebuilder yesterday warned Japanese property prices were abubble set to burst, fuelling concerns that real estate prices have reached unsustainable levels just a few years into a recovery from a prolonged slump.

Real Estate Funds Fall May Have Plus Side (Washington Post) - NEW YORK -- Real estate investment trusts have taken a drubbing this year as some investors have grown concerned the real estate portfolios these companies hold are overvalued. But a drop in share prices of REITs could signal an opportunity for investors willing to look under the hood at what a company owns.

Beige Book: Residential Real Estate And Construction Weakened Further In Most Districts While The Commercial Market ... (Nasdaq) - (RTTNews) - Beige Book: Residential real estate and construction weakened further in most Districts while the commercial market remained steady..

Con artist "took" two real estate agents (NZPA via Yahoo!Xtra News) - A man who conned a couple of Napier real estate agents into believing he had $22 million from a Maori trust to spend on Hawke's Bay properties pleaded guilty to fraud yesterday.

Japan Stocks Drop for a 3rd Day as Investors Shun Real Estate (Bloomberg.com) - Sept. 5 (Bloomberg) -- Japanese stocks plunged for a third day, led by property developers including Sumitomo Realty & Development Co., on speculation Japan's property boom may be nearing an end as overseas investors reduce their real estate holdings in Japan.

FirstService expands commercial real estate with purchase of Meredith & Grew (Canadian Business) - TORONTO (CP) - FirstService Corp. (TSX:FSV), a real estate and business services company, says it has expanded its commercial real estate services business with the purchase of 80 per cent of Boston-based Meredith & Grew.

Mortgage crash not expected to hit local real-estate market (The Farmington Daily Times) - Local residents looking to buy or sell homes may find the process slower than in recent years, according to experts, but the real estate market should not crash in light of the recent mortgage crisis.

Postal-dept-fails-to-cash-in-on-its-Mumbai-real-estate (Express India) - Despite the real estate boom, the department of posts in Maharashtra is unable to take a call on the commercial exploitation of land in its possession. There are 22 plots in Mumbai and 42 in the rest of Maharashtra, which are lying idle.