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Realty firms` profit may fall 30 per cent in Q3
Cash-starved real estate companies are expected to see an average fall of 30 per cent in net profit and a 10 per cent fall in top line in the third quarter of FY09 as property developers battle slowing property sales and tight credit scenario.
Business Standard

Irish businessman found dead; suicide suspected - International Herald Tribune: Business
Patrick Rocca, an Irish real-estate tycoon, was found shot dead at his home in a suburb of Dublin in an apparent suicide, police said Wednesday.
NewsRack

Getting Started with REO
A number of our readers from the brokerage arm of real estate have asked how they might become involved in marketing bank owned real estate (REOs), that is, properties seized by the banks for non-payment of the mortgage. We have spent a lot of time researching...(read more)
Mortgage News Daily

Mortgage rates edge up, but stay below 5 percent
The average interest rate for a 30-year fixed-rate mortgage rose slightly last week, but remained under 5 percent, according to real estate Web site Zillow.com. For the week ended Jan. 18, the averag...
Big News Network

Providential Holdings Changes Annual General Meeting Date to March 13, 2009
LOS ANGELES, CA and FRANKFURT, GERMANY--(Marketwire - January 20, 2009) - ProvidentialHoldings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7) (WKN 935160), a companyengaged in mergers and acquisitions, real estate development, mining, andinvesting in special situations, today announced that the Company's Boardof Directors has decided to change the annual general meeting for the year2008 to 2:00 P.M., Pacific Standard Time, Friday, March 13, 2009, at theCompany's principal offices located at 17011 Beach Blvd., Huntington Beach,CA 92647.
Marketwire

The Aggregator
A vehicle to buy up troubled real-estate assets from ailing banks would unfortunately lack the Terminator's unstoppable might
FT.com

Market steady; Teva in venture with Lonza
TEL AVIV (MarketWatch) -- Israeli stocks closed little changed on Tuesday, never having drifted far from the flat line, with the banks and Israel Chemicals weaker and real estate fleshing green.
Big News Network

The Future of Housing: Think Small
A year ago, economists predicted 2008 would be a challenging year for the struggling real estate industry. The property market had just come off what seemed then like its worst year ever and signs of a recovery were faint. A year later, after watching property values plummet further, foreclosure rates soar higher, and home sales shrink lower, real estate professionals from Florida to California are now predicting far worse for an industry in ruins.“The very future of how real estate is bought, sold, and financed is under tremendous pressure,” says veteran Florida real estate economist Lewis Goodkin. “There’s no question that the years ahead will be sharply different from years past.”One of the biggest questions swirling in property circles these days is how a reeling real estate industry will reshape and redefine itself for the future. Few signs of a quick reversal of fortune exist, but a closer look at the future of the industry reveals important trends a
CBC.ca

Dubai rental increase law linked to Rera price index
Dubai has released the anticipated rental law, putting an end to speculations over the role of the Real Estate Regulatory Authority's (Rera) price index chart and the absence of the rent cap renewal.
AME Info

Southern California woman sentenced to 12 years for real estate scheme
A Southern California woman has been sentenced to more than 12 years in federal prison for cheating investors in three states out of $18 million as part of a real estate scam.
Mercury News

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