| Dollar's drop gives foreign investors edge
The weak dollar has given foreign investors strong incentive to buy property in Hawai'i's slowing housing market, which just capped a second year of declining sales. Australian, Canadian and European currencies have risen sharply in recent months to give real estate investors from those countries their strongest buying power in more than a decade. In addition, though Japan's currency has been stronger in recent years, a rise in the yen is making Hawai'i attractive again for Japanese, who historically have been the dominant foreign force in local real estate acquisition. The international currency leverage which also extends to South Korea, China and other countries is expected to help maintain stability in Hawai'i's cooling real estate market, mostly in the luxury home and resort condominium areas less dominated by local buyers.
Paris Hilton's Daddy Scores Big in the Los Angeles Superior Court ...
Hilton & Hyland and top agent and segment host for E!'s Daily 10, Chad Rogers recovers an additional $344,024.15 for attorney's fees and costs against Susan Loggans, a Chicago attorney as part of a record judgment involveing the sale of Ms. Loggans' beach front property, located in the exclusive Malibu Colony. Hollywood, CA (PRWEB) July 18, 2006 -- Paris Hilton's daddy, Rick Hilton (Hilton & Hyland Real Estate) had something to celebrate on Father's Day this year as he recently won a record case awarding the firm and real estate agent, Chad Rogers. Rogers is also a Special Segment Host for E! Television's Daily 10 and after a long court battle, walked away with a six figure commission. (Hilton & Hyland v. Loggans, LASC, Case No. SC084111)
The high profile H&H case involved a real estate commission dispute on an $11.55 million-dollar beach house in the ultra exclusive Malibu Colony, against Susan Loggans for a record deserved commission that went unpaid.
Redfin Launches 'Sweet Digs' in Boston and Washington, D.C.
SEATTLE, Jan. 23 /PRNewswire/ -- Online real estate broker Redfin Corporation today launched its online real estate blog, "Sweet Digs," for the first time on the East Coast. Home buyers and sellers in Greater Boston and the Washington, D.C. metro area can read local, data-driven real estate market information online or in a daily email newsletter. The Boston-area blog is available at http://boston.redfin.com/blog and the D.C.-area blog is available at http://washingtondc.redfin.com/blog. Every week, the Boston and D.C. Sweet Digs blogs each offer as many as 20 candid, saucy and analytical write-ups of recent sales, price reductions, open houses and real estate trends. Local coverage includes Back Bay, Cambridge and Somerville in Boston; and Bethesda, Loudoun County and McLean in the D.C.
Zillow.com(R) and 11 Newspaper Companies Form Online Real Estate ...
SEATTLE, Nov. 13 /PRNewswire/ -- Leading real estate Web site Zillow.com and 11 newspaper publishing companies representing 282 newspapers nationwide announced plans today for a strategic partnership to extend local classified advertising such as for-sale listings and open house information to Zillow's online platform. Local advertisers who place their print and online listings with the newspapers will be able to choose to have their listings and open house ads also displayed on Zillow, one of the largest online real estate sites. Four million people visit Zillow every month, with 70 percent buying or selling a home now, or planning to buy or sell a home in the next one to two years. Home buyers on Zillow in turn will see a more comprehensive set of for-sale listings and open house details in their market.
Camden Property Q3 FFO Per Share Falls, Yet In-line With Estimates ...
11/1/2007 10:32:41 PM Thursday evening, Camden Property Trust (CPT) announced third quarter financial results, reporting funds from operations that fell year-over-year on lower expenses and top-line growth. On per share basis, funds from operations for the quarter were in-line with analysts' estimate. The company provided earnings guidance for the fourth quarter. Further, the company narrowed its earnings forecast for fiscal 2007.
The Houston, Texas-based real estate investment trust reported Funds from operations or FFO for the quarter totaled $56.28 million or $0.91 per share, compared to $77.82 million or $1.24 per share in the year-ago quarter. On average, sixteen analysts polled by First Call/Thomson Financial expected the company to earn $0.91 per share.
FFO for the prior year quarter included a $0.40 per share impact from gain on sale of land.
Foreclosure Rates Mean Bad News For Valley Sellers
They're also making it tougher for other sellers who were hoping to make a profit selling their home. You can usually buy foreclosed homes for less than a regular house for sale. That's good news for the buyer, but bad news for sellers trying to compete with bank prices. Eyewitness News looked at a five bedroom home in northwest Las Vegas that has never been lived in. It was supposed to be a big help for Kathy and Michael Lowry. In their eyes, buying the home was an opportunity they couldn't pass up. Michael Lowry said, "Biggest real estate boom in the history of the United States, we couldn't go wrong. We needed to send our kids through college and we thought it was a great deal." But their plan to quickly re-sell for profit was shattered.
BoatshedUSA.com launches new Florida operation
BoatshedUSA.com, the North American subsidiary of yacht brokerage organisation Boatshed.com, will open 15 new Boatshed sales offices throughout the state of Florida under the banner BoatshedFlorida.com.Located in Sarasota, Florida, BoatshedFlorida.com will oversee a 'fast and aggressive' roll-out plan with offices on both the west and east coast of the state already confirmed in Sarasota and Miami.Headed by Scott McNally and Erik Maltby, owners of a real estate company with 120 agents across Florida and Georgia, the boat brokerage will have offices from the Florida Keys to Destin, at locations including Tampa, Daytona, Melbourne and Ft Myers."With the rollout of the Florida offices and Boatshed's current network across the USA, Europe and Canada, Boatshed will be heading for 60 global locations" said Roger Bailey, from Boatshed.com.
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