News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Links from: us.lrd.yahoo.com
New home sales hit record low in January
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry ...
Commercial Real Estate Crisis: NOW They Tell Us
Congressional Oversight Panel published a 189-page report on the condition of the U.S. commercial real estate sector
Beazer Homes posts a $48 million profit for Q1
Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.'s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain.
Worst to come in U.S. commercial real estate
The worst may not be over for commercial real estate loans as vacancies remain high and rents decline, threatening the financial system with substantial losses,
LoopNet Launches Mobile CRE Search Ap iPhone & iPod touch
LoopNet Launches The First Mobile Commercial Real Estate Search Application For iPhone and iPod touch. - New App Allows Users To Search For Available Commercial Property
Sam's Club Closing 10 Stores
Wal-Mart Stores announced it would close 10 Sam's Club stores, affecting 1,500 of its employees...these store closures will create at least 1.19 million square feet of vacant space.
Good news for commercial real estate owners
Commercial real estate owners got some encouraging news during the past few weeks. Several economic reports showed promising signs, and the FDIC made clear how it is looking at commercial real estate loans sitting on the books of banks. For the fi...
Personal bankruptcies climb 9% in October
The number of Americans filing personal bankruptcies surged 9% in October, and were on target for the highest annual total in four years, according to a report issued Wednesday.
Borders Closing 200 Waldenbooks Stores in January
The country's second-largest brick and mortar book retailer, Borders Group, is closing 200 of its mall-based Waldenbooks stores in January. As a result, approximately 1,500 positions--the majority of which are part-time jobs-...
House seen expanding home buyer tax break
The U.S. House of Representatives is expected to back a Senate plan to extend a popular homebuying tax credit through April and also expand its scope, House Majority Leader Steny Hoyer said on Tuesday.
Commercial real estate to drive U.S. bank failures
NEW YORK (Reuters) - The next big headache for banks is likely to be commercial real estate and analysts expect big losses and another wave of bank failures to result.
Retail Vacancies Hit Multiyear Highs
Retail-vacancy rates hit a multiyear high in the third quarter, adding to pressure on shopping-mall owners.
Several mortgage firms getting fed funds have spotty records
WASHINGTON ? Several firms now participating in the Treasury's program to modify troubled mortgages have run into problems with federal or state regulators for their treatment of their customers over the years. Included are:
U.S. Q2 home foreclosures, mortgage delinquencies up
The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also increased, U.S. bank regulators said on Wednesday.
Wall Street Wizardry Reworks Mortgages
A new wave of repackaged mortgage investments, re-remics, are emerging as banks and insurers seek to make soured securities look better.
Distressed Invstrs Still on Sidelines as Comm RE Declines
Investors anticipate further deterioration in the underlying fundamentals of the commercial real estate industry through the remainder of 2009 and into 2010 as investors remain on the sidelines, a new survey shows.
Sharp Decline in Number of Price-Reduced Homes
EMERYVILLE, CA--(Marketwire - 09/11/09) - More than 42 percent of home listings in 27 major markets tracked by ZipRealty included at least one price reduction in
Fed Examining Mid-Sized Banks' Losses to Commercial Real Est
Federal Reserve supervisors are examining the vulnerability of medium-sized lenders to falling commercial real-estate values to gauge the size of potential losses across the banking system.
TMC Development helps with three real estate deals
TMC Development, a company that provides SBA financing in California and Nevada, helped three firms close deals to buy sites in East Bay totaling close $9 million.
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