News about properties and real estate
‘Current real estate prices are unsustainable’ Trikona Capital, currently the single largest real estate fund dedicated to India, is planning to invest $10 billion in real estate and infrastructure sector over the next 10 years. Trikona has earlier raised close to $500 million in UK and has commitments worth $1.5 billion in over 14 projects …
Continue reading “‘Current real estate prices are unsustainable’ [India]”
Real Estate Impacts Bank Profitability Real estate problems were part of the reason the earnings of Harrison-based First Federal Bank fell 82 percent in the third quarter. The bank earned $301,000 in the quarter, compared to $1.7 million in the year-ago period. The quarterly earnings suffered because the bank increased its loan loss provision because …
Real estate commissions on the rise With the collapse of the sellers’ market, real estate agents are finding themselves in the driver’s seat when it comes to charging fees. During the housing boom, home sellers were in the driver’s seat with real estate agents courting them – often at bargain commission rates. But now that …
In Florida, foreign buyers help buoy high-end real estate market All is not disaster in Florida, U.S.A. Thousands of houses for sale are sitting empty across the southernmost state, and there have already been auctions of hundreds of foreclosed homes. But, in a situation typical of wealthy enclaves across the United States, the glistening waterfront …
Continue reading “In Florida, foreign buyers help buoy high-end real estate market”
As Housing in Florida Plummets, the Top Tier of the Market Just Dips Despite a record number of foreclosures and a raft of public auctions of unwanted houses, the upper tier of the real estate market in Florida remains relatively immune to the spreading disaster. The $7 million penthouse is on the water near Fisher …
Continue reading “As Housing in Florida Plummets, the Top Tier of the Market Just Dips”
Pro athletes make a sport of real estate Ross Rebagliati may be known as the first snowboarder to win Olympic gold, but his real estate investments have put him at the top of his game. Mr. Rebagliati made his first purchase at 20, when he bought a Whistler, B.C., home for $200,000, using racing prize …