07/02/2008 Small banks playing to strengths in Maryland real estate slowdown (Baltimore Examiner)
Bradford Bank said Tuesday it plans to reduce its mortgage lending staff to cope with a drop in real estate transactions. It's not alone, as other community banks face the loss of a chunk of their business.
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06/30/2008 Erie County Real Estate Transactions (The Buffalo News)
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending May 16.
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07/02/2008 Virginia county to buy foreclosed homes (The Capital)
WASHINGTON, D.C. (AP) - A suburban Virginia county ravaged by the mortgage crisis plans to buy up foreclosed properties and aid first-time homebuyers who want to purchase them as part of an effort to shore up the local housing market.
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07/03/2008 Affordable Luxury: Living Large in Smaller Spaces (Carteret County News-Times)
(ARA) - When shopping for real estate, bigger used to mean better. But preferences are changing, particularly in a tight economy where every dollar needs to go further. A new aesthetic is taking hold, and it's been dubbed "affordable luxury."
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07/03/2008 New: Aquadeco Premium Spring Water from Canada (PRWeb via Yahoo! News)
Seventy-nine-year-old real estate mogul and esteemed tango dancer Arnold Gumowitz is making a splash in the beverage world. His sleek Art Deco inspired bottle begs the question - which came first: the product or the packaging?
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06/27/2008 Real Estate Live (Washington Post)
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty.
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07/02/2008 Making Sure Your Vacant Home Is Covered (WCAV Charlottesville)
With a struggling real estate market, many would-be home sellers are having to leave their homes vacant, but what sellers may not know is that they could leave themselves vulnerable if they don't notify their home insurance company.
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07/03/2008 On The Road (Leesburg Today)
In making his rounds across Virginia, Gov. Tim Kaine is both outlining his proposal for comprehensive transportation funding reform and inviting others to suggest their own solutions.
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07/03/2008 Outsourcing, Small-Biz Style (BusinessWeek)
Improved software and services allow the smallest of mom-and-pops to outsource work around the globe
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U.S. Real Estate News
07/03/2008 United States: Revenue Ruling 2008-31: IRS Rules That A Swap Interest In A Broad-Based U.S. Real Estate Index Is Not A ... (Mondaq)
On June 12, 2008, the Internal Revenue Service ("IRS") published Revenue Ruling 2008-31, I.R.B. 2008-26 (the "Ruling"), holding that an interest in a notional principal contract that references data from an index derived from a geographically and numerically broad range of U.S. real estate values does not constitute a United States real property interest ("USRPI") for purposes of the Foreign ...
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07/03/2008 German Stocks Pare Gains as U.S. Services Unexpectedly Contract (Bloomberg.com)
July 3 (Bloomberg) -- German stocks pared earlier gains after U.S. service industries unexpectedly contracted in June. Hypo Real Estate Holding AG and Continental AG declined, while Deutsche Boerse AG led rising shares.
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07/01/2008 GLOBAL CREDIT CRISIS PUSHES CAPITAL FLOW TO ASIA'S REAL ESTATE SECTOR, SAYS REPORT (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 1 (Bernama) -- A report released by KPMG International, FTSE Group and Asian Public Real Estate Association (APREA) today said that the credit crisis in the U.S. and Europe has put pressure on the decade of sustained growth in global real estate. On the other hand, the inflow of capital to Asia's real estate market is accelerating off the back of a ...
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07/01/2008 Fitch: Working Out REO Assets a Lofty Task for U.S. RMBS Servicers (Centre Daily Times)
Unprecedented growth of U.S. real estate-owned (REO) property volumes and the costs needed to maintain these assets are hindering recoveries and may increase loss severities upon liquidation, presenting a lofty task ahead for RMBS servicers, according to Fitch Ratings in a new report.
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07/03/2008 Real Estate Close-Up: San Francisco (El Paso Times)
Battered by the dot-com bust earlier this decade, the San Francisco commercial real estate market has staged an impressive rebound and is arguably one of the strongest markets in the country. The growth has fueled a resurgence in the city's downtown, but the slowing economy could kill the party.
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07/03/2008 U.S. extends job loss streak, more pain seen ahead (Canada.com)
U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and the country's vast service sector unexpectedly contracted, underscoring the economy's frailty.
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07/03/2008 Office market sees rent growth evaporating (Reuters via Yahoo! News)
U.S. office rent growth stalled in the second quarter and vacancies crept up, a trend that could portend rising loan defaults in the commercial real estate market, according to a report by real estate research firm Reis.
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