Real Estate News
Real estate group seeks recognition
Nov 18th
There’s more to the real estate industry than just listing and selling a home.
But that is, of course, the bottom line and the thing most people know about. Get the house listed, get it sold and move on. More >
Real estate prices may shoot up in suburbs
Oct 22nd
The city may be going high on the Metro, but there’s more to cheer for citizens. Real estate prices along the Metro track are expected to accelerate capital values on the periphery as downtown land becomes scarcer. The city’s first Metro line from MG Road to Byappanahalli has a limited reach as of now, but a well-knit network connecting far-flung areas like Whitefield and Electronics City will boost land values by 15 to 20%, say real estate experts. More >
Economy Threatens Listed Real Estate in Europe
Oct 14th
Growth is slow in the listed real estate market in Europe, according to Stephane Larsen, portfolio manager with Presima. He spoke with REIT.com at the European Public Real Estate Association’s annual conference in London in early September and said the general economic environment is the biggest threat to European investors.
However, he added that Presima won’t avoid any particular markets because they are negative on that market. Instead, he said it will be reflected in the pricing. For example, Larsen added that the company is willing to go into markets that will have some Spanish exposure if it believes the price is right.
Washington Real Estate Investment Trust (WRE) Announces Quarterly Results
Jul 29th
Washington Real Estate Investment Trust (WRE) announced its quarterly results on Friday. The company reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of $0.51. The company’s quarterly revenue was up 11.3% on a year-over-year basis. More >
LA real estate mogul convicted of $21m fraud
May 20th
A bankrupt Los Angeles real estate developer has been convicted of stealing some $21 million through a tax shelter scheme.
Ezri Namvar was found guilty Thursday of four counts of wire fraud along with a second defendant, 63-year-old Hamid Tabatabai.
They could face up to 80 years in federal prison. More >
Metro Vancouver Driving Canadian Real Estate
Apr 15th
The Canadian Real Estate Association says a record number of multimillion dollar property sales in Richmond and Vancouver West helped boost the national home sales activity in March.
Chief Economist Gregory Klump says this is despite the fact sales of existing homes held relatively steady nationwide. More >
Market for Vacation Homes Rises
Jan 10th
Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.
On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with 2006 volume there. Sales on Hilton Head Island, S.C., rose 14% for the year. Palm Beach, Fla., experienced a 40% annual increase and a 54% increase in homes under contract, indicating an especially strong fourth quarter. Palm Beach sales volume now is comparable to its 2007 peak. These figures were gleaned by brokers in each locale. More >
5 Steps to Real Estate Video Marketing Success
Nov 15th
Video marketing is growing like wildfire and if you haven’t already begun using it in your real estate practice you need to start now. Below you’ll find a simple 5 step process you can use to get started or add to your repertoire in using video marketing for your business. More >
Home seller credit could save real estate deal
Nov 1st
No one likes to give money away, but a monetary credit from the seller to the buyer can solve a problem that might otherwise derail a home-sale transaction. Here’s a typical scenario where a seller credit could save the deal. More >
