Archive for September, 2008

Failed Deals Replace Real Estate Boom (New York Times)

After seven years of nonstop construction and skyrocketing rents the credit crisis may be bringing New York?s real estate boom to an end.
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Diversity helps S.F. real estate firm survive (San Francisco Chronicle)

Tracy Dearman has plenty of long-term perspective on the current real estate downturn. She runs a small San Francisco brokerage that was started by her grandmother on Haight Street more than 50 years ago. “We have seen many cycles in the real estate market,… [...]

Bankers writing commercial real estate loans more carefully (The Wilmington Star-News)

Finding money for a commercial real estate project was getting a lot harder even before the credit crisis came to a head this week, Wilmington area developers, builders and brokers say. Will it get worse’
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American real-estate market hit by sharpest ever annual drop in prices (Independent)

An end to the American housing recession, something that many observers regard as essential to ending the credit crunch, seemed little closer yesterday, with US real estate prices falling by the sharpest annual rate ever in July, though the monthly rate of decline is slowing.
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Fitch Affirms & Withdraws Ratings of Pennsylvania Real Estate Investment Trust (wallstreet:online AG)

Fitch Ratings affirms and simultaneously withdraws the ratings of Pennsylvania Real Estate Investment
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Real estate buyers told to be careful (Sun Star)

BUYERS of real-estate properties are warned to be wary doing transactions because they might be dealing with brokers who do not have licenses to sell issued by the Housing and Land Use Regulatory Board (HLURB).
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Real Estate Prospecting Tips - How to Motivate Yourself

You can take a phone survey. Select a topic that is probably to be of pursuit to your prospects - how the contemporary economy is influencing the neighborhood or the influence of recent school reformation. Then offer to e-mail the results of the survey. Probably, you might have an exigent list of e-mail marketing. Before [...]

Virtual tours of real estate helps sell homes (New York Daily News)

When real estate agencies first began offering virtual tours of properties on their Web sites in the mid-1990s, they knew they were onto something big.
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Selling Properties - Where to Start

Even without the taxation system, the real estate market has been slowly becoming a buyer’s market. With reduced property prices, the buyers have the option to pick and choose. Many desperate sellers, especially those who bought a property as a short-term investment, are finding it difficult to recover at least the initial investment amount, forget [...]

The Simple Method of Stabilising UK House Prices

I’ve said it before but I am going to say it again: there is a simple way to stabilise house prices in the UK. Before I reveal this method, firstly I need to explain why a stabilisation is required. At this moment, bank will not lend to each other.
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