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Moving Into Real Estate Investment Trust Funds Print E-mail
Friday, 23 June 2006
You know that the minibar at a $200 hotel room is stocked with Aqua Velva if you've been to New York City recently.
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Man to Serve 14 Years in Jail for $1M Real Estate Scam Print E-mail
Friday, 23 June 2006
Prosecuotrs reported on Thrusday that a former real estate agent was sentenced to more than 14 years in prison for stealing his clients' identities to buy and sell property under their names. John Shaw, 47, was found guilty last year of 14 felony counts, including forgery, grand theft, identity theft, conspiracy, perjury and intimidating a witness.
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The Pain of Cincinnati Home Sales Slowdown Print E-mail
Friday, 23 June 2006
Many home sellers admit they overestimated the U.S. housing market, which has begun cooling after five years of record-breaking sales and double-digit price appreciation.
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US Dropping Home Loan Demand while Rates Hit 4-year High Print E-mail
Thursday, 22 June 2006
An industry trade group said on Wednesday that U.S. mortgage applications fell slightly last week. This was driven by a decline in home refinancing loans as interest rates hit the highest in four years. Celia Chen, director of housing economics at Moody's Economy.com, a consulting firm, said last week's drop in applications adds support to the view that rising interest rates are increasingly weighing on the U.S. housing sector.
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China to Stop Real Estate Foreign Investment Print E-mail
Thursday, 22 June 2006
There is a higher chance that China will announce rules this month aimed at curbing foreign investment in real estate. This projection was according to Lin Zheying, deputy director general of the commerce ministry's Foreign Investment Administration.
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California Real estate Slowdown to Cause Recession? Print E-mail
Thursday, 22 June 2006
According to a report forecast, inflation-adjusted home-price appreciation, which was in double digits from 2002 through 2005, will be 7.5% this year, 0.3% in 2007 and negative 4.1% in 2008.
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