The World Bank's representative office in Moscow said on Wednesday that a  $50 million loan to Russia was recently approved by the World Bank for a registration project aimed at developing the Russian real estate market.

Kevin Turnbow, a developer is planning a new $9.5 million residential complex. However, to do this, they need to dig the lake to accommodate the residential complex.

According to the Council of Mortgage Lenders, house prices will jump 7% in 2006.

On Wednesday, the Mortgage Bankers Association reported that the number of people applying for home loans fell. The group said that its seasonally adjusted index of mortgage application activity for the week ended June 2 fell 1.4% to 534.4 from the previous week's 541.9.

In 2005, Bradenton made news as it led the country in increasing home costs while sales remained strong. However, the figures released by the Florida Association of Realtors today showed the opposite.

The boss of Miami homebuilder Lennar Corp., Stuart Miller, recently pulled in a $21.5 million bonus in 2005. By the numbers, running a big home-building company has been a ticket to riches for Lennar Corp. Chief Executive and President Stuart Miller.

The amount of Miller's bonus is calculated on a percentage of Lennar's pre-tax profit. This means that the more money Lennar generates, the more Miller generates.

Realty prices across the country are likely to be affected by the correction in the market. According to industry analysts, the most affected markets are the residential and the land markets of Mumbai and Bangalore.

Recently, the 6% real estate commission has been under assault. However, the hits just keep coming and are getting more sophisticated. Three Internet upstarts are the latest to take a shot.