The Shanghai Daily reported, ING Real Estate Investment Management Asia has sold a serviced apartment complex in downtown Shanghai for approximately 100 mln usd, more than triple what the project was sold for three years ago.
Tuesday, February 28 2006 @ 12:15 AM MSK
Contributed by: jron
In a report, a woman named Jennifer Schneidt was already having trouble making ends meet when she and her children were evicted three weeks ago for illegally subleasing her cousin's manufactured home in Warren. Since then, the 20-year-old and her three kids have been living with that cousin in Hazel Park, but the one-bedroom house is hardly an ideal living situation.
Signaling a further cooling in the housing market, shares of U.S. home builders fell on Monday after a government report showed new home sales dropped to their lowest level in a year in January as the supply of properties swelled.
The first sign housing in 2006 may lose its luster after five record years, new-home sales in the U.S. fell to the lowest level in a year in January and the number of properties on the market was the most ever.
Providing further evidence that the nation's five-year housing boom is slowing, sales of new homes fell for the second time in three months in January. The Commerce Department reported Monday that sales of new single-family homes dropped by 5 percent to a seasonally adjusted annual rate of 1.233 million units last month.
Evolving into what some are calling class warfare, Gov. M. Jodi Rell's proposal to phase out Connecticut's estate tax is becoming contentious. A legislative committee is scheduled to review the proposal in the next few weeks, but the committee's chairman already is criticizing Rell's proposal as an election-year move that ignores looming future deficits.
Local real estate professionals are questioning the accuracy of a new Web site that provides free estimates and information on more than 60 million property addresses across the country, with their exclusivity being threatened by yet another online service.
Sentenced to nearly six years in prison for bilking Orange County homebuyers out of millions of dollars by selling illegally converted condominiums, that was the fate of former real estate agent recieved. Phil Benson, 73 was also ordered to pay nearly $680,000 in restitution to Stewart Title, which insured the condo sales.