Real estate industry
A unique partnership between Visalia-based nonprofit Self-Help Enterprises and developer Matthews Homes is making homeownership a reality for 52 low-income families in southwest Bakersfield. Through a sweat equity program, families will work at least 40 hours a week, with labor contributing towards down payments. This program is their only chance
Real estate industry
The Reserve Bank of Australia (RBA) is likely to face growing pressure to raise interest rates as housing lending continues to show remarkable strength, with May approvals increasing by 4.5% and 18.4% from the previous year. The consistent growth across various categories, including owner-occupiers and investors, and regions,
Real estate industry
Duke Realty Corporation, the largest publicly-traded, vertically integrated office/industrial real estate company in the United States, will host a quarterly conference call on Thursday, July 27, 2006, at 3:00 p.m. Eastern Time. The call will discuss the company's second quarter results and will be webcast
Real estate industry
China's real estate tax system aims to balance market regulation with economic growth. Zhang Qin, director of the Local Taxation Department of the State Administration of Taxation (SAT), emphasizes that real estate tax should not be used as a short-term control measure to promote market development. Instead, it
Real estate industry
The real estate industry has been slower to adapt to technological advancements than other industries, resulting in higher transaction costs for consumers. Despite the rise of online platforms and competition, the average real estate commission remains high, with the Consumer Federation of America accusing brokers of acting as a price-setting
Real estate industry
United Group Ltd, an Australian company, has acquired American property management business Equis Corporation for $A163 million, marking its first foothold in the United States corporate real estate services (CRE) market. The acquisition, United's third in the last 14 months, is expected to deliver strong immediate revenue growth,
Real estate industry
Federated Department Stores, Inc., the parent company of Macy's and Bloomingdale's, has agreed to sell its iconic Lord & Taylor department store chain to NRDC Equity Partners LLC, a partnership between Apollo Real Estate Advisors and National Realty & Development Corp., for $1.195 billion. The
Real estate industry
Jay Bradford, the chief financial officer of Majestic Realty Co., led his team, the JayWalkers, to raise a significant amount for the Southern California Chapter of the Cystic Fibrosis Foundation. The fundraising effort, in support of 11-year-old Courtney Poulsen, who is battling the genetic disease, far exceeded its initial goal.
Real estate industry
HouseValues, a leading provider of real estate and mortgage information and tools, has introduced a range of new features to its Market Leader customer management system, designed to help real estate professionals build more profitable relationships with their customers. The new features, which are available at no cost to subscribers,
Real estate industry
Realty Income Corporation, The Monthly Dividend Company, has announced a significant increase in its monthly dividend to $0.1175 per share from $0.116875 per share. This decision marks the 35th consecutive quarter in which the Company has increased the amount of its monthly dividend, demonstrating its commitment to providing
Real estate industry
China's banking regulator has urged commercial banks to take measures to curb the increasing level of lending in the real estate sector. As part of measures to rein in bank lending, the regulator is urging that down payments for mortgages on expensive homes and investment properties be significantly
Real estate industry
China's State Council executive meeting, held on May 17, has led to a decision to adjust loan policies to manage demand in the real estate market. An official from the People's Bank of China revealed the central bank will soon announce related policies, although the specific
