LiveNetMedia.com - Real Estate http://www.livenetmedia.com/ en-us WASHINGTON, DC-The trade, which is expected to close within a few weeks, would be the second investment sale here to breach the $800 per square foot market in recent months.
Reported by GlobeSt.com Wed, 01 Sep 2010 22:40:38 +0000 The Dow Jones Industrial Average bounced back up Wednesday, as investors liked what they saw from the latest manufacturing data. After the worst August in a decade with a 4.3% decline for the month, the benchmark index of 30 blue chip stocks rose 254.75 points, or 2.54%, to close at 10,269.47. Earlier Wednesday, the Institute for Supply [...]
Reported by HousingWire Wed, 01 Sep 2010 21:46:42 +0000 It comes as no surprise today to find that there were 120,351 permanent mortgage modifications done through private-sector (Hope Now) proprietary programs in July, compared to the 36,695 through the Home Affordable Modification Program (HAMP). What is more interesting is the rate at which these modifications are being converted. In June, Hope Now was modifying twice as [...]
Wed, 01 Sep 2010 21:46:42 +0000 The Dallas-based Carwin Advisors, announced today the the firm's next step in westward expansion through the acquisition of Orange County, Calif. real estate advisory firm The Arges Group. The deal, approximately $2 million according to an inside source, includes keeping the entire Arges staff as well as incorporating The Arges Group co-founders, Bret Berry and Scott [...]
Reported by HousingWire Wed, 01 Sep 2010 21:46:42 +0000 You may not have noticed, but the Dow Jones Industrial Average is like HousingWire's brother from another mother. They both follow major players in the housing industry, both are considered must-stop shops for investor information - and both broke 10,000 today. That's right. Yours truly is celebrating its 10,000th post in just three years of operation! HousingWire was [...]
Wed, 01 Sep 2010 21:26:33 +0000 Plans to build houses on an unspoilt Coromandel beach have drawn more than 1000 submissions in protest.It is understood to be a record number for a resource consent in the district.Queenstown developer John Darby wants to...
Reported by New Zealand Herald Wed, 01 Sep 2010 21:18:48 +0000 Their house is a very, very, very fine house, to borrow Graham Nash's own lyrics. The singer-songwriter, whose work included such hits as "Our House," "Marrakesh Express" and "Carrie Anne," and his wife, Susan, listed their Encino, Calif., home for sale at $1.6 million, and five days later it was in escrow.
Reported by Real Estate Channel Wed, 01 Sep 2010 20:15:12 +0000 According to the U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2010 was estimated at a seasonally adjusted annual rate of $805.2 billion, 1.0 percent (a1.4%) below the revised June estimate of $813.1...
Reported by Real Estate Channel Wed, 01 Sep 2010 20:13:33 +0000 Reports of investors fleeing the stock market may have been overstated. In fact, rather than leaving stocks behind, evidence suggests that investors are ditching U.S. stock mutual-fund managers and putting money into index funds that track established U.S. stock benchmarks as well as international stock funds.
Reported by HousingWire Wed, 01 Sep 2010 20:13:19 +0000 Richard Fuld, former chief executive officer of Lehman Brothers Holdings Inc., said regulators relied on "flawed information" in denying his company aid that was extended to competitors. "Other firms were hurt by their plummeting stock prices," Fuld, 64, told the Financial Crisis Inquiry Commission at a hearing in Washington today. "Lehman [...]
Reported by HousingWire Wed, 01 Sep 2010 20:13:19 +0000 The U.S. Federal Reserve is committed to keeping the price of money low until the economic recovery strengthens, but should not do more to boost growth without fiscal and regulatory policies that support businesses, a top Fed official said on Wednesday. The Fed's recent decision to keep its $2 trillion balance [...]
Reported by HousingWire Wed, 01 Sep 2010 20:13:19 +0000 A portfolio weighted too heavily with non-agency mortgage-backed securities led to the failure of Western Corporate Federal Credit Union. In a complaint filed in District Court for the central district of California, the National Credit Union Administration Board alleges WesCorp departed from its traditional business model of providing liquidity for credit unions and "began an aggressive [...]
Wed, 01 Sep 2010 19:57:37 +0000 The value of commercial loans priced by The Debt Exchange in July that collateralize commercial mortgage-backed securities rose to 79.4% of the original balance. DebtX said the value is up from 77.4% in June, marking the fourth-straight month of increases, and is higher than the 71.1% for the year-ago July. The values are based on loans priced [...]
Reported by HousingWire Wed, 01 Sep 2010 19:18:10 +0000 South Canterbury is reeling after the finance company of the same name collapsed into receivership, but there are hopes that the flipside will be a mini-boom for the local economy.With South Canterbury Finance in the hands of...
Reported by New Zealand Herald Wed, 01 Sep 2010 18:51:55 +0000 A notoriously shrewd businessman has emerged as the frontrunner to buy South Canterbury Finance after the failed finance company's chief executive, Sandy Maier, was spotted on an Air New Zealand flight leafing through a sale and purchase...
Reported by New Zealand Herald Wed, 01 Sep 2010 18:51:53 +0000 Never mind the cow cockies - South Canterbury and Allan Hubbard were sunk by glitzy property investments including some in upmarket Auckland bars and nightclubs.New information shows Auckland's nightlife cost the failed finance...
Reported by New Zealand Herald Wed, 01 Sep 2010 18:51:51 +0000 Just over half of Auckland's five-star Westin will be off-limits to guests after a fight between receivers and suite owners.Out-of-pocket investors fear receivers might disconnect electricity, phone, television and access to their...
Reported by New Zealand Herald Wed, 01 Sep 2010 18:48:05 +0000 South Canterbury Finance's "bad bank" was in a desperate last-ditch race for cash, tumbling a string of property and business empires as it entered its death throes.SCF's receivership pitched at least 20 other companies into receivership...
Reported by New Zealand Herald Wed, 01 Sep 2010 18:48:05 +0000 Economists worry about reports of dismal home sales, fear prices will plunge now that tax credit has expired
Reported by ChicagoTribune Wed, 01 Sep 2010 17:04:29 +0000 Credit yields in Europe are moving to record lows, trading at levels not seen since the inception of the euro, while spreads in the credit markets are seeing some widening. Traders at investment bank Societe Generale are reporting that non-financial yields of 3% are at their lowest level since the single currency for the European Union [...]
Reported by HousingWire Wed, 01 Sep 2010 16:53:52 +0000 Continuing its mandate to reinvest proceeds from maturing mortgage-backed securities into Treasury debt, the Federal Reserve Bank of New York purchased $900 million in Treasuries Wednesday. Dealers offered to sell the Fed $25.79 billion in debt. The three slices of debt purchased by the Fed include $131 million maturing Nov. 15, 2012; $345 million maturing Dec. [...]
Reported by HousingWire Wed, 01 Sep 2010 16:53:52 +0000 There were 120,351 permanent mortgage modifications done through proprietary programs in July, more than triple the 36,695 completed through the Home Affordable Modification Program (HAMP) in the same month. Servicers completed 1.13 million modifications through both private programs and HAMP so far in 2010, according to Hope Now, a private sector alliance of those servicers, investors, [...]
Wed, 01 Sep 2010 16:27:44 +0000 FALL RIVER, MA-With the help of a federal grant, HealthFirst will expand its space in a property conversion to better serve the community.
Reported by GlobeSt.com Wed, 01 Sep 2010 16:20:11 +0000 MISSING: Authorities are seeking the public's help in locating 190,000 families who have mysteriously disappeared from Australia.
Reported by The Australian Wed, 01 Sep 2010 14:53:50 +0000 THE West Australian government's urban growth plan for Perth and Peel beyond 2031 has been welcomed by the peak real estate industry body.
Reported by The Australian Wed, 01 Sep 2010 14:53:47 +0000