News about properties and real estate
Homeowners with forgiven loan debt get timely tax break Families who lost their homes to the foreclosure crisis this year will have at least one reason for cheer this holiday season: They won’t have to worry about a big tax bill. Shortly before adjourning last week for the year, Congress approved a tax-relief bill designed …
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Option ARMs: Next Weakling The Bush administration is pushing its plan to help subprime borrowers whose loans are due to reset to higher interest rates next year. But left out of the mix are hundreds of thousands of borrowers with good credit who could face sharp increases in their payments. These homeowners could be the …
European buyers make December a busy month for Manhattan real estate The sidewalks of Manhattan are crammed this month with European tourists on shopping sprees, picking up gifts that cost far less in the United States than they do at home because of the weak dollar. But they are not just crowding into boutiques and …
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Real estate market emerges as top issue in South Korean election In 30 years as a real estate broker, Chung Doo Hyun says, he has never seen a market behave the way the one in South Korea is behaving today. First, there was the wave of feverish buying that drove housing prices up across the …
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Canadian real-estate markets clinch early record With one month’s activity still unaccounted for, the Canadian Real Estate Association said Monday that listed residential real-estate transactions in most major markets are already at record levels. Data from the country’s 25 biggest markets show 345,577 sales of existing homes in November through the Multiple Listing Service (MLS), …
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U.K. Commercial Real Estate Returns Drop By Record U.K. commercial real estate returns fell by a record amount last month as higher interest rates and a drop in bank lending pushed prices down, according to Investment Property Databank Ltd., a London-based research firm. The total return on investments, after taking rental income and growth into …
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