Industry News
Foreclosure-Free Rental Listings Now Available On RentalForeclosure.com
RentalForeclosure.com has launched a rental listing platform which gives renters the opportunity to search for available rentals that have been pre screened and certified not to be in foreclosure.
(PRWEB) January 6, 2009– Renters can now search for foreclosure free rentals on RentalForeclosure.com. The website has launched its “for rent” platform which gives landlords, real estate [...]
Predictions ‘09: Real Estate Looks For Recovery Signs
(CNBC.com) - After a year-long hangover in 2008, the real estate industry is hoping for some strong, black coffee in the new year.
All sectors—commercial, residential and retail—were hammered last year. And though the outlook for this year is still shaky, there is some optimism that the market will at least stabilize this year.
Much will depend, [...]
Consultants helping banks assess, manage foreclosed properties
(Phoenix Business Journal) - Reeling from soured loans originated during the peak of the housing market, regional and national banks are turning to asset consultants to salvage thousands of reclaimed properties throughout the Valley. They hope to turn them into profitable ventures — a difficult task in a frozen credit market.
It’s a [...]
Picking up the pieces
(Pasadena Weekly) - First of all, I spent half a day researching real estate predictions for 2008, then realized I was 12 months off and three hours closer to my extremely tight, excruciatingly fixed holiday deadline. While it’s enlightening to compare last year’s predictions against some semblance of reality, that particular [...]
Las Vegas Real Estate: Betting When the Chips are Down
(Nuwire Investor.com) - Gambling is nothing new to Las Vegas. In fact, it’s the backbone of this glitzy city. What is new to Vegas, however, is that many investors who bet on the Las Vegas market a few years ago are realizing that they may not be getting their money back.
When loans were abundant and [...]
Rough Times For Residential Real Estate Practices
(connecticut law tribune) - A healthy residential real estate practice requires that new clients and fees come from a variety of different feeder sources, but many of those sources are shrinking or drying up completely. As such, 2009 will be a year in which there are many challenges for a residential real estate practitioner.
• There [...]
Mixed forecast for China’s real estate in 2009
(chinadaily.com) - According to the report, many residents are willing to buy self-use houses but are blocked by high house prices. It is suggested that developers should adjust prices and enhance promotions, since real estate markets are very sensitive to price changes.
Furthermore, favorable polices also prop up the housing market. On Oct 22, 2008, the central [...]
Commercial Real Estate Fort Worth expects to see some slow down in 2009
(Fwbussinesspress.com) - National trends in commercial real estate are expected to continue downward in 2009, but local experts say Tarrant County will see some slowdown mixed with a flurry of investors — both local and out-of-state — looking to grab a piece of North Texas.
One thing is for sure — commercial real estate will remain [...]
Seattle hits top 10 list for troubled real estate assets
(Business Journal) - The greater Seattle area is among the top 10 metro markets nationwide for troubled real estate assets, according to a new report.
Real Capital Analytics, a New York research firm, ranked Seattle No. 9 by the volume of its distressed and troubled commercial properties.
At least 85 commercial properties — representing $3.1 billion in [...]
Bush pardons man involved in Suffolk real estate scam
(newstoday.com) - Isaac Robert Toussie, the Brooklyn developer who served time in prison for masterminding a massive Suffolk real estate scam, was pardoned by President George W. Bush yesterday, effectively wiping his criminal record clean.
Toussie, 37, was among 19 pardons and a commutation that Bush issued yesterday before leaving for Camp David for the [...]
