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 woes may show door of opportunity (The Providence Journal) - NEW YORK — Real estate investment trusts have taken a drubbing this year as some investors have grown concerned that 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.

Real estate doldrums drive U.S. agents away (International Herald Tribune) - Many new real estate agents who rushed into the field with the housing boom are looking for other lines of work.

Of Mutual Interest: Real estate trusts deserve a fresh look (Seattle Post-Intelligencer) - REAL ESTATE investment trusts have taken a drubbing this year as some investors have grown concerned that 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.

Weller's Overseas Real Estate Investments Draw Scrutiny (CBS News) - Rep. Jerry Weller’s (R-Ill.) personal and financial associations with Nicaragua were the subject of a lengthy Chicago Tribune front-page story today, alleging the 7-term congressman has not fully disclosed real estate investments in Nicaragua and didn’t accurately state the value of the properties. The piece also details Weller’s support of the Central American Free Trade Agreement, which ...

CommScope sells real estate for $11M (bizjournals.com via Yahoo! Finance) - Local telecommunications company CommScope Inc. has sold real estate in Nebraska and Alabama for $11 million.

CommScope Sells Real Estate for $11M (AP via Yahoo! Finance) - Communications equipment company CommScope Inc. said Friday it has sold "excess" real estate in Nebraska and Alabama for about $11 million, to cut operating costs.

Carlyle Group raised $3B for real estate fund (BizJournals) - The Carlyle Group has raised $3 billion for its fifth U.S. real estate fund, Carlyle Realty Partners V.

Sanctions Urged for N.J. Lawyers Who Didn't Scrutinize Real Estate Deals (Law.com via Yahoo! Finance) - A New Jersey ethics panel has voted to discipline two lawyers who appeared to ignore warning signs that something was fishy about real estate deals they handled. The Disciplinary Review Board recommended a six-month suspension for Bincy Abraham for conflict of interest and failing to safeguard funds, and a reprimand for Lynn Gale for misrepresentation and neglect.

Realize Big Returns with Real Estate (Benton Evening News) - (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.