Results in a Hong Kong government land auction showed a surge in interest in real estate.
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Hong Kong Government Land Auction Results Show Booming Real Estate Market
Results in a Hong Kong government land auction showed a surge in interest in real estate.
Originally posted here:
Hong Kong Government Land Auction Results Show Booming Real Estate Market
ORLANDO- Worldwide Auction Realty Services will auction the historic former Greyhound bus station at 150 W. International Speedway Blvd. in Daytona Beach on Thursday, Feb. 25 starting at 5:00 p.m.
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Worldwide Auction Realty Services to Auction Historic Daytona Beach Greyhound Bus Station
Home sales in the Midwest declined from November to December, but ended the last month up 9 percent from prior-year levels, the National Association of Realtors said Monday.
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Midwest home sales rose 9 pct in Dec.
Home sales in Arkansas on the rise
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Home sales in Arkansas on the rise
Two real estate organizations say a federal homebuyer tax credit as well as the recovering economy helped boost sales of single-family homes in Massachusetts last year compared with 2008.
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Mass. Association of Realtors reports late-year surge in single-family home sales
Opportunities for real estate agents to build a profitable new homes niche in their markets could explode in 2010. Traditional new homes marketing is out. Innovative value-driven service is in. What were sold as leading edge marketing tools no longer matter. Such as:
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Auctions, Internet Marketing, and Forbearance Facilitators Will Dominate New Homes Services in 2010
Submitted by Sawitonline -Newer ranch with bedrooms split on each side, covered front porch,kitchen with lots of cabinet space and a fenced back yard. Property is now committed to an Auction and all Auction terms and conditions apply. Pre-Auction bids should be submitted at …
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NEWTON IA REAL ESTATE AND HOMES FOR SALE
[Note: To follow is an excerpt of an interview with John D. Williamson, President/CEO, Uvestor.com, a real estate communications platform, who details some of the 'ins and outs' of what a Short Sale business would look like, how to organize it, who should be on the team and their individual responsibilities, and basically gives an understanding so you can master the 'paper' game that's involved in creating such a system. To listen to the show archive or download an MP3, go to www.IncomePropertyInvestmentTalk.com/093009.]
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Steps to Building a Short Sale Business
Billie Joe Armstrong, guitarist and lead vocalist for the punk rock band Green Day, is selling his Oakland, CA home for $4,850,000. The 5-bedroom, 4-bath, 7,000 sq ft property is located at Manchester, Oakland , CA 94618.
From the listing description:
Sited on the grounds of the former Julia Morgan designed “Red Gate” estate, this stately Mark Becker French Normandy home combines the beauty of the past with the graceful stylings and technology of the present. Fully fenced on over 1/2 acre, this level in 5+ bedroom, 4+ bath home will gratify the senses and captivate the mind. As you ascend the original Julia Morgan brickwork to the formal front entry, the custom Alder wood door and generously proportioned porch come into focus. Rough hewn wooden arches frame panoramic vistas from Skyline Blvd and Berkeley Hills to The San Francisco Bay and beyond.
Some of our favorite real estate commentators were surprised by the home’s conservative decor. Why? The nude walls and mainstream furniture are a far cry from the rocker’s funky, alternative personality. Armstrong and his wife, Adrienne Nesser, have two sons. No word why or where the Armstrong family is moving.
View additional listing photos of the Armstrong estate.
What’s the fastest growing niche in real estate, one that’s seen an increase in residential sales volume of 48 percent in the past 60 months?
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Investor Report: Auctions a Growing Niche
If you’re looking to buy a mortgage note as an investor, or if you want to sell, two new online auction sites could be extremely helpful.
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Investor Report: Online Auction Sites
AUCTION 5 FARMETTES ONE SOLD ABSOLUTE NO RESERVE NO MINIMUM PRICE Horses Welcome BUILDER INVENTORY REDUCTION AUCTION MARCH 21 2009 1 37pm Onsite PREVIEWS March 1 15 12 1 30PM 5 Large Homesites Private…
In an effort to stimulate business in what are for most the worst economic conditions in their lifetimes, builders are turning to real estate auctions to liquidate new home inventories. While there are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s), many builders are reporting varying successes. Charlotte-based builder, Southampton Homes has recently engaged Tranzon/Metrolina to auction six custom homes to bidders searching for good values.
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Builders Using Real Estate Auctions to Stimulate Business
There may be some good news for homebuyers during this economic meltdown. Home builders desperate to sell are turning to auctions to get rid of their property, and the prices for brand new homes may shock you.
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Puget Sound homes hit the auction block
Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.
The market was up strong yesterday. Other than the shares of bank stocks, you have to wonder why. The worldwide central bank bailout is not intended for the equity investor, or general public, or business, or you, or me. It’s intended for banks, ostensibly to spur lending, but more likely to keep them afloat through next week’s Great Derivatives Unwind. This has got to be a big part of the motivation of the CBs to provide unlimited lending to banks.
Distracted by worldwide stock market crashes, attention shifted away from Lehman’s derivatives’ payouts scheduled for October 21. Recovery value has been set at 8.625 cents per $1.00, which means that sellers of credit protection must pay 91.375 cents to the buyers (according to Creditex, the company that holds auctions).
More than 350 banks and investors signed up to settle credit-default swaps tied to Lehman. The list of participants in the auction includes Newport Beach, California-based Pacific Investment Management Co. PIMCO, manager of the world’s largest bond fund, Chicago-based hedge fund manager Citadel Investment Group LLC and AIG, the New York-based insurer taken over by the government, according to the International Swaps and Derivatives Association in New York.
According to JPMorgan, the largest foreign bank holders of Lehman’s derivatives are Deutsche Bank, Barclays, Societe Generale, UBS, Credit Suisse and Credit Agricole. Overall, as of June 30, 2008, the top ten US banks in terms of derivatives exposure were: JPMorgan Chase, Bank of America, Citibank, Wachovia, HSBC USA, Wells Fargo, Bank of New York, State Street Bank, SunTrust Bank, and PNC Bank, according to the Comptroller of the Currency Administrator of National Banks’ Quarterly Report on Bank Trading and Derivatives Activities for the second quarter of 2008. Lots of other good information too, if you like this sort of thing, as I do.
And this is just the beginning. Few losses are expected from the failed GSEs. Fannie Mae’s senior debt settled at 91.51 and subordinated debt at 99.9 cents on the dollar; Freddie Mac senior debt was 94.00 and subordinated debt was 98 cents on the dollar. Washington Mutual could be another story. It’s Credit Event Auction will settle, meaning prices will be determined, on October 23. Just last week there were credit events at the largest three Iceland banks, all of which have large quantities of derivatives outstanding. These are all financial institutions; industrials haven’t started yet.
Nonetheless, the market’s up. For technical types, Mish Shedlock has a good and almost-understandable-by-laymen explanation of where the market is in terms of Elliott Wave theory. He says, “In terms of price, given the magnitude of today’s move on top of the huge move up from Friday’s low, the rally may be 65% over already. In terms of time, the rally likely has several weeks to a couple of months to play out.” See S&P 500 Crash Count at www.globaleconomictrendanalysis.com
In my opinion, the markets are still very fragile. Charts or no charts, it wouldn’t take much to see another cliff dive. We’ll see what happens next.
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Derivatives: The Great Unwind