Real estate industry
State regulators in Utah have reported a decline in fraudulent activity in the financial industry, which they attribute to the current economic downturn. With fewer people trying to take advantage of market conditions, complaints and enforcement actions have decreased significantly. Key Takeaways: * The Utah Division of Real Estate received 675
Real estate industry
China's banking industry continued to exhibit rapid growth in outstanding loans to the real estate sector in 2009, with financial institutions' outstanding loans to commercial real estate reaching 7.33 trillion yuan (US$1.1 trillion) by the end of the year. This represents a 38.1
Real estate industry
Realty Income Corporation, a New York Stock Exchange real estate company, has announced that its Board of Directors has declared a common stock dividend of $0.143 per share. This dividend is payable on March 15, 2010 to shareholders of record as of March 1, 2010, and represents an annualized
Real estate industry
Developers are not opposing the realty regulatory bill but have certain concerns regarding certain provisions. The bill is in its draft stage and is expected to be finalized in a couple of months. The Ministry is working on addressing the concerns and collaborating with stakeholders to create a win-win situation
Real estate industry
A real estate investing and web development company, RealEstateInvestorsWebSites.net, has introduced an upgraded version of their real estate investing websites. The new websites feature advanced listings of properties for sale, video-like speaking models, and improved search engine rankings, making it easier for real estate investors to manage their online
Real estate industry
Five companies, including Constellation Energy Group (CEG) and Canadian Natural Resources (CNQ), have been upgraded to a "5" rating by ValuEngine, Inc., the service's highest assessment. This rating combines five key factors: proprietary valuation, risk-return tradeoff, momentum, market capitalization, and forecasted one-month return. The upgrades also
Real estate industry
In a massive mortgage fraud scheme, Lila Rizk, a former state-licensed real estate appraiser, was sentenced to three years in federal prison and ordered to pay over $46 million in restitution. The scheme involved inflated mortgage loans on homes in California's most expensive neighborhoods, resulting in tens of
Real estate industry
Affordable housing developers in urban areas such as the MMRDA region face significant challenges in putting in place the necessary infrastructure and input costs. With a 2010 plan in place, the authorities need to identify development areas and provide infrastructure in advance to avoid pushing up costs. In areas without
Real estate industry
Intuit Inc. (NASDAQ:INTU) has finalized the sale of Intuit Real Estate Solutions to private equity firm Vista Equity Partners for $128 million. The acquisition is expected to boost Vista's presence in the software and technology-enabled business sector. Intuit Real Estate Solutions, headquartered in Highland Hills, Ohio, will
Real estate industry
South Korean banks, led by top lenders Kookmin Bank and Industrial Bank of Korea, have rapidly reduced mortgage rates in a bid to alleviate the financial burden on households. This move comes as the banks face mounting criticism for maintaining high spreads on mortgage loan rates despite reduced funding costs
Real estate industry
The Scottish Government has celebrated the completion of the Forthquarter development, a 150-unit mixed-tenure housing project that forms part of the regeneration of North Edinburgh. The GBP18 million scheme, comprising 90 flats for social rent and 60 apartments sold on a shared equity basis, was made possible through a collaborative
Real estate industry
China may unveil the framework for its real estate investment pilot program for insurance companies in January, according to a source quoted by the China Securities Journal. The move, aimed at expanding insurance companies' investment options in real estate, will cover infrastructure projects, commercial properties, and low-rent housing projects,
