Media stories on real estate trends and the affect they have on buyer and seller behaviour has been monitored for the first time and the results show the impact is immediate and significant. via Scoop
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Research: Home Buyers, Sellers Influenced by Media
A newspaper says philanthropist Joseph Zilber is scheduled to announce tomorrow that he’s committing $50 million during the next 10 years to improve life in Milwaukee’s low-income neighborhoods. via WBAY
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Philanthropist to announce committing $50 million in Milwaukee
“The owners of our company are still working with their lenders and considering all their options to restructure their debt”
The joint venture that owns Newhall Land & Farming Co. has defaulted on a $1.1 billion loan and is working with creditors to restructure the debt, a spokeswoman said. via LA Daily News
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Newhall Ranch parent defaults
“We’re seeing families moving here who haven’t been able to sell their homes in Chicago, Kansas City”
He noted that because of Dartmouth College and Dartmouth-Hitchcock Medical Center, the Upper Valley is often referred to as a “bulletproof economy.” The medical center and college, along with several other … via UnionLeader.com
Housing rebound on way, group told
“People don’t like to live way out in the suburbs and have to drive 20 miles to their job”
House-flipping reality shows make the process of buying a dud, fixing it up and selling it for a mega profit seem like an easy way to add thousands to your income. via Guampdn.com
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Now is still good time to flip houses
While retailers are experiencing a slump across the country, the climate in northern New Jersey is looking more favorable. via WNBC-TV New York
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Retail Trend In Northern N.J. Bucks National Slump
House trashed after owners are forced out by foreclosure. via ClipSyndicate
Mortgage Mess After Foreclosure
“We’re trying to price where it has been the last six months.”
Nashville’s real estate industry stuck to a familiar pattern in April, with sales sliding, inventory rising but prices nevertheless holding steady. via The Tennessean
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Home sales extend slide in Nashville area
“Access to land in those areas is becoming more challenging, while recent improvements in infrastructure and close proximity to two of South Korea’s largest cities have made Milyang an increasingly attractive distribution hub.”
The fund has purchased a $31.0 million portfolio in Milyang City totaling 292,330 square feet , a $38.1 million portfolio in Icheon City totaling 327,000 square feet and a $17.2 million portfolio in Cheonan … via Earth Times
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ProLogis Expands Industrial Portfolio in South Korea
“The local (real estate) slowdown is more moderate than other areas”
Fewer people bought houses in York County, and they paid less for them in the first quarter of 2008. via InYork
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York County housing market slows down
“We need to end this stalemate”
- A reform proposal by dissident shareholder Greenlight Capital was defeated, as expected, at the annual meeting of MI Developments Inc. (TSX:MIM.A) - a dramatic event featuring an emotional speech by company founder Frank Stronach.
Greenlight, a New York investment firm, had called for MI Developments to provide only short-term funding to horse-track subsidiary Magna Entertainment (TSX:MEC.A), and for the land developer to raise its dividend, repurchase stock and increase debt.
The Greenlight proposal went down to defeat Wednesday, and Stronach - the controlling shareholder of MID, MEC and Magna International (TSX:MG.A), from which they were spun off - joined MI Developments chief executive John Simonetti in calling for an end to the public feud with Greenlight. Read more
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Greenlight challenge to Stronach defeated at MI Developments annual meeting
“We opted to purchase it outright because of the condition of the real estate market”
DETROIT - General Motors Corp. said the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit’s towering Renaissance Center for … via Detroit Free Press
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GM buys RenCen, filing shows
“Townhomes and condos have gone up 115 percent since 2000.”
SPACEPORT. PEOPLE BEING PRICED OUT OF HOMES WHERE THEY GREW UP. WE’RE NOT TALKING ABOUT SAN FRANCISCO OR NEW YORK CITY — IT’S SAN JUAN COUNTY — AND MORE SPECIFICALLY FARMINGTON. via ClipSyndicate
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San Juan Co. plans for affordable housing
Efforts to identify a man who shot a police officer April 18 could be helped by a reward that, with the addition of a half-million dollars from a Texas company, has reached $502,000. The officer hasn’t been … via KATV Little Rock
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Reward Reaches $502,000 in Malvern Officer Shooting
The median price of a condominium on Maui rose last month, while the median single-family home price fell, with lower sales in both categories. via Residential Real Estate
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Maui condo prices rise, home prices fall
