Inman News
Today's Top Real Estate News
Provided by Inman News
November 18, 2008 06:00 AM


Should I work with more than one agent?
Factors that determine when setup is warranted

No guarantee when housing meltdown will end
How can sellers avoid $40K loss, tarnished credit?

As home ages, some defects unavoidable
How to fix out-of-square corners, saggy doors

Adding wife to title a wise move
Using warranty deed may be best option

Sex offenders have rental rights too
Rent it Right

No occupancy, no insurance
To qualify for policy, should brother move in or buy home?

What happens if home fails inspection?
REThink Real Estate

Easier ways to kill water hammer?
Readers react to plumbing repair advice

Smart budgeting for any economy
Tips on tracking expenses, planning financial future

Drain flies terrorize homeowners
Why common cleaners won't eliminate problem

Home warranties not guaranteed
What happens to repairs if builder goes bankrupt?

Buyers, get into negotiating position
Crafting purchase offer takes strategy

Will plan to avoid capital gains tax work?
Owner wants to add son to title, claim $500K exemption

Real Estate and Financial Market News
 
Emerson International Negotiates Six Lease Renewals Totaling More Than 25,000 Square Feet
11/18/2008 7:45 AM

LONGWOOD, Fla. - Emerson International recently negotiated six lease renewals totaling more than 25,000 square feet at its 100,000-square-foot Sanlando office development in Longwood.

 
Beazer Homes Starts New Phase at The Enclave at Moss Park in Southeast Orlando
11/17/2008 4:20 PM
ORLANDO, Fla. --- Beazer Homes has started site development for a second phase at The Enclave at Moss Park, located off Moss Park Rd. in the Lake Nona area of southeast Orlando......
 
Winston-Salem Fining Campaigns For Leftover Political Signs
11/17/2008 12:39 PM

Political candidates are being held responsible for leftover campaign signs found on public property along roads and sidewalks in one North Carolina city.

 
ChampionsGate Resort Marketing Director Earns CCIM Professional Designation
11/17/2008 12:37 PM
CHAMPIONSGATE, Fla. - Michael Weinberg, marketing director for real estate at ChampionsGate Resort South of Orlando at I-4 and ChampionsGate Blvd., has been earning commendations lately......
 
Sheriff: Man Robbed, Tied Up Real Estate Agent
11/17/2008 8:26 AM

The Guilford County Sheriff's Department is trying to figure out who tied up and robbed a real estate agent at Tate Real Estate on Golf House Road last month.

 
Survey: Real estate agents see bottom in early 2009
11/17/2008 4:17 AM

More than half of real estate agents who responded to a survey believe that the national real estate market will hit bottom sometime in the beginning of 2009, according to the Campbell Communications marketing ...

 
Mall owner almost a billion in debt
11/16/2008 11:56 PM

General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt ...

 
FSBO site channels listings to Realtor.com
11/16/2008 7:42 PM

By Matt Carter , Friday, November 14, 2008. ForSaleByOwner.com may be helping homeowners put listings on Realtor.com, but don't call them "for-sale-by-owner" listings, site operator Move Inc.

 
Both lose in aborted immigrant-citizen home s
11/16/2008 3:22 PM

Like all illegal immigrants, Lorenzo Jimenez knew the knock on the door from immigration agents could come at any time.

 
Goodies to lure home buyers back into market
11/16/2008 11:18 AM

What will it take to get consumers off the sidelines to buy more houses and help stimulate the economy? How about a mortgage at 2.99 percent fixed rate for 30 years for anyone who purchases a home before next ...



Real Estate and Financial Market News
 
Foreclosures Fueling Cottage Industry Near L.A.
11/18/2008 5:20 AM

Nov 17, 2008 8:22 pm US/Central LOS ANGELES Realtor John Occhi doesn't bother dressing up anymore.

 
FBI probes foreclosure scam targeting Hawaiians
11/18/2008 1:15 AM

The FBI is investigating several companies that allegedly bilked Native Hawaiian homeowners out of more than $300,000 by offering bogus foreclosure rescue bonds.

The homeowners were charged between $2,500 and $10,000 to attend seminars or counseling sessions on avoiding foreclosure. They were told they would receive bonds worth $1 million ......

 
Investors delaying reforms
11/17/2008 8:55 PM

The federal government keeps bailing out the financial industry, but some working in that world seem reluctant to do their part, even if that could help stem the financial system's meltdown.

 
Bureau of Financial Institutions' Survey Shows Slight Increase in ...
11/17/2008 4:48 PM

Superintendent Lloyd P. LaFountain, III announced on Monday that recently completed analysis of 2008 second quarter data by the Bureau of Financial Institutions shows a continuing slow increase in home ...

 
Obama's ball as G-20 punts
11/17/2008 12:46 PM

Little was accomplished at the much-hyped summit of world leaders last week besides passing the buck to incoming president Barack Obama.

 
Obama seeks help for automakers, homeowners; jokes over family life
11/17/2008 8:40 AM

Washington - In his first interview as president-elect, Barack Obama called for help for the ailing US auto industry and for homeowners facing foreclosure amid the ongoing financial crisis.

 
Seven agencies share housing grant
11/17/2008 4:36 AM

Seven New Hampshire housing agencies will share a $300,000 federal grant for counseling programs aimed at keeping people in their homes.

 
Lawmakers blast shifts in financial bailout plan
11/17/2008 12:22 AM

Lawmakers complained Friday that the Bush administration is ignoring the will of Congress and slighting homeowners on the verge of foreclosure in its latest approach to spending $700 billion in economic rescue ...

 
No longer shameful
11/16/2008 8:15 PM

Money used to be like religion or sex: It wasn't talked about in polite company.

 
Birmingham mayor opposes city suit against lenders
11/16/2008 3:57 PM

Birmingham Mayor Larry Langford wants to drop a lawsuit the city filed this week against mortgage lenders, because he didn't authorize it.



Real Estate and Financial Market News
 
Asia stocks sink as layoffs add to global gloom
11/18/2008 5:52 AM

Asian stock markets sank Tuesday after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. European markets traded lower.

Tokyo's Nikkei 225 stock average fell 194.17 points, or 2.3 percent to 8,328.41, a day after confirmation Japan, the world's second large......

 
Pressure grows for bank execs to give up bonuses
11/18/2008 1:34 AM

Better to be a broker than a baron on Wall Street if you're expecting a big bonus this year.

The decision by top Goldman Sachs executives to forgo bonuses in 2008 is forcing other investment bank bosses to consider following suit. But thousands of lower-tier brokers will still collect hefty bonuses as firms try to keep their top talent fro......

 
Citigroup plans a leaner future, cuts 53,000 jobs
11/17/2008 9:23 PM

Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics before it's too late.

The cuts, which will leave Citi about 20 percent smaller, are the latest step in a stunning remaking of the American banking l......

 
Citigroup Continues to Slash Workforce
11/17/2008 5:05 PM

Also, Bank of America Raising Stake in China Construction Bank; Citigroup Cutting 50K Jobs After Four Straight Quarterly Losses - Further Analysis and Discussion with Hank Higdon of Higdon Partners

 
Citigroup Slashing 50,000 Jobs
11/17/2008 12:56 PM

Citigroup Inc said on Monday it plans to cut about 50,000 jobs as souring economies and global credit conditions cause the U.S. bank with the farthest reach worldwide to retrench.

 
Citigroup chairman doesn't deny job cuts are near
11/17/2008 8:37 AM

Citigroup's chairman is hinting the banking giant will announce more job cuts Monday, and isn't ruling out the possibility executives will follow peers at Goldman Sachs and forgo bonuses.

Various reports have suggested Citi may be looking to shed thousands of jobs through layoffs and attrition.

Speaking briefly to the AP after a spee......

 
Report: UBS to hold back management bonuses
11/17/2008 4:22 AM

Switzerland's largest bank plans to delay the bonuses it pays to senior managers to discourage the kind of risky short-term behavior that has cost it more than 45 billion francs ($40 billion) over the past year, according to a newspaper report Sunday.

Swiss weekly Sonntag reported that UBS AG will freeze the bonus payments for three years,......

 
No bonus this year for Goldman Sachs CEO Blankfein
11/17/2008 12:11 AM

Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.

The decision was made by the seven executives themselves, said spokesman Lucas Van Praag, and approved Sunday by the Wall Street firm's compensation committee. The executives m......

 
Teacher Pension Fund Plummets In Financial Crisis
11/16/2008 7:52 PM

The Teacher Retirement System of Texas has seen about a $25 billion market value drop since Sept.

 
Audit: Sharpton campaign owes US nearly $500,000
11/16/2008 3:33 PM

Federal auditors have concluded the Rev. Al Sharpton's 2004 campaign owes the government nearly $500,000 for illegal donations and other financial improprieties.



Real Estate and Financial Market News
 
Latin American stocks fall
11/18/2008 5:19 AM

Latin American stocks slipped slightly Monday on continued signs of a global recession.

Brazil's benchmark Bovespa index closed down 0.2 percent at 35,717, Mexico's IPC was off 0.8 percent at 19,562, the Argentine Merval slid 3.3 percent and Chile's IPC fell 0.8 percent to 2,432.

Losses for big Brazilian companies Monday followed con......

 
Oil Rises Above $58 On Heating Oil, Gas Futures
11/18/2008 1:10 AM

Oil prices rose above $58 Monday as cold weather heading into the East drove up heating oil and natural gas futures and a government report showed a surprise jump in U.S. industrial output.

 
Economy the Worst Since Great Depression
11/17/2008 9:01 PM

The economy fell into a recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the rolls of the unemployed, a survey said on Monday.

 
Stocks fall on more economic woes
11/17/2008 4:47 PM

The selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector.

After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors found little solace in the latest news.

In a sign that banks are still struggling in......

 
Outlook For Recession Concerns, Rates & Currencies
11/17/2008 12:38 PM

Investec's Papasavvas says weak Pound is buying oppurtunty; Euro falls on speculation ECB will signal rate cuts; Investec's Papasavvas sees Euro at 1.20 to 1.35 by year-end; Analysis by Thanos Papasavvas of ...

 
Asian stocks mixed as Japan slips into recession
11/17/2008 8:26 AM

Asian stock markets were narrowly mixed Monday as confirmation Japan had slipped into recession emphasized the gloomy outlook for the world economy.

A weekend meeting of world leaders in Washington to discuss reform of the stricken global financial system provided a symbolic show of unity between rich and emerging nations but produced few ......

 
China shares rise for 4th day on stimulus optimism
11/17/2008 4:16 AM

SHANGHAI, China Chinese shares rose Monday for a fourth day in active trading on confidence in the government's economic stimulus package.

 
A fresh look at stocks' values
11/16/2008 11:56 PM

Plenty of beaten-down stocks appear to be attractively priced nowadays relative to their earnings.

 
Global Markets Weekahead-Unremitting gloom and capital flight
11/16/2008 7:42 PM

By Jeremy Gaunt, European Investment Correspondent LONDON, Nov 16 - Investors enter the week surrounded by unrelentingly poor global economic news, fading hopes of a significant end-of-year stock market ...

 
No-peeking strategy requires commitment
11/16/2008 3:21 PM

Jack Bogle, founder of the Vanguard Group, reminded me recently that one of his "prime rules of investing" can be summed up in two words: Don't peek.




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