Real estate News 09/2012
New real estate tax may not affect many Nevadans
Q: I have been informed that as of Jan. 1, as a part of the Affordable Health Care Act (commonly referred to as Obamacare), a 3.8 percent tax will be assessed on all home sales. What is your estimate of the impact of this new law on the local real ... (Sep 1, 2012, Las Vegas Review-Journal)
Montreal real estate market stalled by PQ talk
Some observers of the Montreal real estate market say potential home buyers are holding off until they know who wins the Sept. 4 provincial election. The market traditionally slows in summer and new regulations concerning mortgages have been imposed ... (Sep 1, 2012, CBC.ca)
This week in Real Estate
The most attractive school district in the country is the Saratoga Union district, south of San Jose, Calif. according to the real-estate website Trulia. For every preschool-age child in that district, there are 2.38 elementary-school kids, according ... (Sep 1, 2012, MarketWatch)
REAL ESTATE: Wells Fargo on mortgage help for CA
REAL ESTATE: Wells Fargo on mortgage help for CA. Posted on | September 1, 2012 | Comments. Wells Fargo & Co. this week reported that nearly one-third of 27,090 homeowners it has worked with under the National Mortgage Settlement are from ... (Sep 1, 2012, Press-Enterprise (blog))
Real estate agents say Cape rental ordinance presents 'access issue'
... affairs committee, said the board supports an ordinance that would promote safety for tenants through inspections, but the way the ordinance is currently written could allow unauthorized property inspections and creates liability risks for real ... (Sep 1, 2012, Southeast Missourian)
Va. Beach-based real estate firm fine-tuning public offer
Sometime soon, the folks behind a planned public stock offering for Virginia Beach-based Wheeler Real Estate Investment Trust Inc. should be able to answer the question: Was it all worth it? Wheeler last month filed an amended registration statement ... (Sep 1, 2012, The Virginian-Pilot)
Real estate transactions for Sept. 2, 2012
$415,100 Cargor Cm Property Investments Inc to Behrmann Charles, Charles R Behrmann Amended and Restated Living Trust; Lot 2023 Country Meadows, O.R. Book 02433 Page 4505; Aug. 21. $400,000 Barone Francis V Jr to Klein Scott M, Klein Sharon ... (Sep 1, 2012, Bradenton Herald)
Careers in real estate
Real Estate Investors Association of Wayne County meeting: Hear Patrick J. Wright, senior legal analyst at the Mackinac Center for Public Policy, where he directs the Mackinac Center Legal Foundation, speak on the ballot proposals Tuesday at Red ... (Sep 1, 2012, Detroit Free Press)
Advisor: Real estate 'an attractive opportunity'
Moe: Real estate is in the process of forming a bottom. Home inventories are declining, prices have stabilized and underlying demand is recovering. In 2010 and 2011, home prices declined by about 2% to 5% in different markets but since the beginning of ... (Sep 2, 2012, OCRegister)
The next president"s stamp on real estate
Four years after the housing bubble burst, there's much unfinished business regarding the restoration of the nation's real estate market for the next president to tackle, experts across the political spectrum say. There's no denying that the next ... (Sep 2, 2012, Bend Bulletin)
REAL ESTATE: Expanding companies chew up vacant industrial space
... in North San Diego County and Southwest Riverside County in the first half of the year, absorbing some of the region's excess space and inspiring some new construction, a report from commercial real estate brokerage Colliers International said last ... (Sep 2, 2012, North County Times)
REAL ESTATE: Fast-growing Inc. on real estate
Nine California-based real estate companies made Inc. magazine's annual list of the 5,000 fastest-growing private companies in the United States. One company, Cal-American Homes, is in the Inland Empire. Cal-American Homes, of Rancho Cucamonga, ... (Sep 2, 2012, Press-Enterprise (blog))
Real estate service fees index next month
Dubai: Dubai's Real Estate Regulatory Agency (Rera) will be issuing a service fee index next month, top Rera official told Gulf News. Marwan Bin Galitah, CEO of Rera, said: “The service index will define fair service fees and will analyse not only cost ... (Sep 2, 2012, gulfnews.com)
Will the PQ really impact Montreal property values?
MONTREAL—Some observers of the Montreal real estate market say potential home buyers are holding off until they know who wins the Sept. 4 provincial election. The market traditionally slows in summer and new regulations concerning mortgages have ... (Sep 2, 2012, CTV News)
Real estate begins to bloom
However, Melbourne recorded a 63 per cent clearance rate, according to the Real Estate Institute of Victoria (REIV), up from 55 per cent for the same time last year. In Sydney there was a 63.9 per cent clearance rate, according to Australian Property ... (Sep 2, 2012, The Australian Financial Review)
End of "obscene" profits for Hong Kong property firms
HONG KONG (Reuters) - Hong Kong's home builders are bidding cautiously on land to develop, wary of shrinking profit margins as the city's new leader pushes for more affordable housing in the world's most expensive residential real estate market ... (Sep 2, 2012, Chicago Tribune)
Property to spring forth
Potential property buyers are benefiting from a combination of positive forces that have helped create a mood of confidence for the spring selling season that started at the weekend. Low interest rates and inflation, lingering house price weakness and ... (Sep 2, 2012, Herald Sun)
Real estate for the masses
Almost 25% of real estate transactions are defined as investment-motivated. The trend has been gathering momentum for several months but still hasn't returned to where it was two years ago when one deal in every three was for investment. With the ... (Sep 2, 2012, Haaretz)
Court gives Delek Real Estate 10 more days to get bondholder support
Delek Real Estate was granted a 10-day extension yesterday morning by Judge Varda Alshech of the Tel Aviv District Court, in order to obtain the support of a 75% majority of its bondholders for a settlement offered by controlling shareholder Yitzhak ... (Sep 2, 2012, Haaretz)
Real Estate: HEB company buys land in north Fort Worth
Real Estate: H-E-B company buys land in north Fort Worth. Posted Sunday, Sep. 02, 2012 Updated Sunday, Sep. 02, 2012 0 comments Print Reprints. Share. Tags: Dallas-Fort Worth. Sandra Baker Fort Worth Star-Telegram. Article; Comments. A. Have more ... (Sep 2, 2012, Fort Worth Star Telegram)
Investing in real estate is back with a vengeance
Almost 25% of real estate transactions are defined as investment-motivated. The trend has been gathering momentum for several months but still hasn't returned to where it was two years ago when one deal in every three was for investment. With the ... (Sep 3, 2012, Haaretz)
CCI probing alleged cartelisation in real estate, pharma, telecom sectors
"Some such sectors recently have been taken up by the Commission in respect to alleged cartelisation related to real estate, pharmaceuticals, civil aviation, telecom, tyre manufacturing, cement, milk distribution, onion and asbestos," Singh said in a ... (Sep 3, 2012, Economic Times)
Whose Healthcare Plan Controls Costs Better, MA or RI?
Specifically, the bill is intended to save the state up to $200 billion in healthcare costs over the next 15 years by encouraging the creation of “Accountable Care Organizations” (ACOs), a key piece of federal healthcare reform. ACOs are groups of ... (Sep 3, 2012, GoLocal Worcester)
Regulatory developments may stifle real estate: Unitech
Unitech, a New Delhi-based real estate developer, has said that various bills related to land and real estate sector may impact the sector's growth if various stakeholders' interests are not taken care of. In a letter to shareholders, Unitech's ... (Sep 3, 2012, Business Standard)
Real estate sales up and down
Real estate education can include looking at all homes in the desired price point and also asking the Realtor to provide data on sold comparable properties in the same neighborhood so an offer is not too high or too low. For a house to sell and not be ... (Sep 3, 2012, Batesville Herald Tribune)
Pedasi, Panama Real Estate Report
Actual, physical progress is a good thing since so much of Pedasi's real estate movement has been about raw land. The same Dekel Group has also purchased 6 hectares of beachfront land at the ever-booming Playa Venao and has announced pre-sales of ... (Sep 3, 2012, NuWire Investor)
The Truth About Home Values In A Realtor Real Estate Report
I continue to shake my head in awe at the deceptive real estate report that is published each month by the marketing department of the National Association of Realtors. If you are a long-time reader of the Tallahassee Real Estate Blog, then you know ... (Sep 3, 2012, Tallahassee Democrat (blog))
THE PREMIER EXPERIENCE: Premier Property Group brings boutique real ...
THE PREMIER EXPERIENCE: Premier Property Group brings boutique real ... (Sep 3, 2012, Walton Sun)
Lloyds Said Planning to Sell $2.5 Billion of Mainly Irish Loans
Lloyds Banking Group Plc (LLOY) plans to sell about 2 billion euros ($2.5 billion) of mainly Irish real- estate loans, the latest phase in extricating itself from Western Europe's biggest property crash, according to a person with knowledge of the ... (Sep 3, 2012, Bloomberg)
'Land related Bills may stifle real estate'
Unitech, a New Delhi-based real estate developer, has said various bills related to land and real estate sector may impact the sector's growth if various stakeholders' interests are not taken care of. In a letter to shareholders, Unitech's Executive ... (Sep 3, 2012, Business Standard)
Qatar real estate lending jumps 36%
In a sign of growing economic momentum, real estate lending by banks increased by about 36% in Qatar in one year up to July, though housing and rental costs have remained “largely flat” in that month, a new study has shown. In its latest “Mena real ... (Sep 3, 2012, Gulf Times)
Erie County Real Estate Transactions
Erie County Real Estate Transactions. Following are real estate transactions over $5,000 as listed in records of the Erie County Clerk's Office for the week ending July 27, 2012. Published:September 3, 2012, 12:07 AM. 0 Comments. Font Size: -2; -1 ... (Sep 3, 2012, Buffalo News)
Norway's Real Estate Agents Join Calls for Higher Rates
Norway's real estate brokers are now joining calls for the central bank to raise interest rates and cap a rally in their own market to prevent a potential property bubble from bursting. Rates should be 1 percentage point to 2 percentage points higher ... (Sep 3, 2012, Businessweek)
For savvy investors, here's good news on US real estate investment
According to Wuraola Akinola, IPC's administrative assistant, the company has an unrivalled network of real estate professionals as well as a team of analysts on ground in the USA and around the world, ensuring their clients not only get the best homes ... (Sep 3, 2012, BusinessDay)
Real Money: Home sales finally may be on rebound
Given the relative calm in the stock and bond markets these past few months, the real estate world looks better and better all the time to investors. Prices have turned a corner in some of the hardest hit cities such as Las Vegas, Nev., and Phoenix ... (Sep 3, 2012, Santa Fe New Mexican.com)
Nets Players May Find Brooklyn a Tempting Place to Live
But Brooklyn, now a decade into its occasionally ridiculous hipness, cannot be dismissed, city real estate brokers argue, particularly since it offers a tantalizing variety of housing. Marble-floored mansions dripping with chandeliers. Gleaming new ... (Sep 3, 2012, New York Times)
BREAKINGVIEWS-Urban real estate may not be such a safe haven
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own). By Peter Thal Larsen. HONG KONG, Sept 4 (Reuters Breakingviews) - Urban real estate may prove a deceptive safe haven. Investors seeking refuge from economic ... (Sep 4, 2012, Reuters)
TEXT-S&P summary: Dar Al Arkan Real Estate Development Company
(The following statement was released by the rating agency). Sept 04 -. =============================================================================== Summary analysis -- Dar Al Arkan Real Estate Development Company -- 04-Sep- ... (Sep 4, 2012, Reuters)
Will international real estate follow copper down?
Thanks to its heavy industrial use, particularly in international real estate sectors, a direct historical correlation has existed between the prices of the exchange traded fund for copper ( JJC , quote ) and the exchange traded fund for home builder ... (Sep 4, 2012, NASDAQ)
Investigators find widespread labor violations at Copley Marriott renovation
An $18 million renovation of the Boston Marriott Copley Place that paid illegally low wages to men from a Philadelphia church was rife with violations of tax and labor laws, according to a state investigation that found improper activity by 15 ... (Sep 4, 2012, Boston.com)
Washington Real Estate Investment Trust Completes Sale of 1700 Research ...
Washington Real Estate Investment Trust Completes Sale of 1700 Research ... (Sep 4, 2012, The Herald | HeraldOnline.com)
For Real Estate Investors, Time to Scout New Locations
With the real estate recovery finally looking real, some investors are jumping into red-hot real estate investment trusts (REITs) to get more property into their portfolios. But there may be better places to locate if housing continues on its present ... (Sep 4, 2012, U.S. News & World Report)
A Smarter Man's View On China Real Estate, Banks
Shanghai's red hot real estate market has made it one of the most costly cities in the world these days, not to mention giving investors cause for concern that lenders and developers are in over their heads. Ronnie Petrie of Standard Life Investments ... (Sep 4, 2012, Forbes)
Real Estate News: Assessing Fannie Mae's Past and Future
Real Estate News: Assessing Fannie Mae's Past and Future. Article · Slideshow · Comments · Developments HOME PAGE ». smaller; Larger. facebook. twitter. google plus. linked in. Email; Print. facebook; twitter; google plus; linked in. Email; Print ... (Sep 4, 2012, Wall Street Journal (blog))
In commercial real estate, the other shoe(s) are falling
Commercial real estate simply does not mark-to-market as quickly as do stocks and bonds, no matter how many derivatives the industry puts in place to make bets on the direction of the market or how badly some wish it would be so. In reality, commercial ... (Sep 4, 2012, Bizjournals.com (blog))
REAL ESTATE: Flash back to '06
Home prices flexed enough muscle in July to reinforce the view that the industry is on a path toward recovery. That's the latest take the Santa Ana, Calif.-based mortgage research and analytics firm CoreLogic put on home prices for that month, given a ... (Sep 4, 2012, Press-Enterprise)
Real estate is a lot more complicated these days as ownership keeps changing
It took me a while to “get” real estate. I used to think the person down the street who owned the office building or the neighborhood shopping center was one of us, a member of the community, invested in our broader success. I came by that view because ... (Sep 4, 2012, Washington Post)
Singapore REITs Yield World's Best Returns: Southeast Asia
Play. Singapore's Property Gives World's Best Returns. Singapore's real estate investment trusts, the best performing in the world this year, are luring investors after a shopping spree for properties across Asia gives them a broader stream of rental ... (Sep 4, 2012, Bloomberg)
School District Bets Future on Real Estate
GERVAIS, Ore. — This tiny farm-country community is having a back-to-school sale, on the schools themselves. Interested in a well maintained, one-owner elementary with playground and orchard view? Or a 1990s charmer, now used for teaching second ... (Sep 4, 2012, New York Times)
Sumitomo Mitsui Trust's Property Arm Targets Assets to Double
Sumitomo Mitsui Trust Real Estate Investment Management Co., the real estate arm of Japan's fourth-biggest bank, plans to increase its assets from 225.8 billion yen as of March 31, said Mitsuo Kimura, president and chief executive officer of the Tokyo ... (Sep 4, 2012, Businessweek)