U.S. Real Estate News

07/24/2008 U.S. Economy: Sales of Existing Homes Decline to 10-Year Low (Bloomberg.com) July 24 (Bloomberg) -- Sales of previously owned U.S. homes fell in June to the lowest level in a decade as tumbling real- estate prices and consumer confidence signal no end in sight to a housing recession now in its third year. .............................................................

07/24/2008 Sales of U.S. Existing Homes Fell to 10-Year Low (Update2) (Bloomberg.com) July 24 (Bloomberg) -- Sales of previously owned U.S. homes fell in June to the lowest level in a decade, signaling tumbling real-estate prices and consumer confidence are hurting demand. .............................................................

07/24/2008 Gloomy day for U.S. markets (The Globe and Mail) WASHINGTON — U.S. jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released Thursday showed. .............................................................

07/23/2008 Proxio is Connecting the World of Real Estate With the U.S. Launch of ProxioPro(TM); The First International Multiple ... (Marketwire via Yahoo! Finance) Real Estate Connect 2008 -- Proxio is connecting the world of real estate with today's launch of the first international MLS and purpose-built professional network, ProxioPro(TM). Since Proxio's inception and European release three months ago, over 550 agencies with over 40,000 listings from 25 countries have joined the ProxioPro network, giving them worldwide exposure and new referral ... .............................................................

07/23/2008 Sales of Existing Homes in the U.S. Probably Declined in June (Bloomberg.com) July 24 (Bloomberg) -- Sales of previously owned U.S. homes probably fell in June, approaching a record low and signaling tumbling real-estate values and consumer confidence are hurting demand, economists said ahead of a private report today. .............................................................

07/24/2008 Pennsylvania Real Estate Investment Trust Completes $54 Million Financing of Paxton Towne Centre (Business Wire via Yahoo! Finance) PHILADELPHIA----Pennsylvania Real Estate Investment Trust announced today that it has completed a $54 million financing of Paxton Towne Centre in Harrisburg, Pennsylvania. The mortgage loan, provided by U.S. .............................................................

07/24/2008 The 'Wait and See' Approach to Area Real Estate (Darien News-Review) GREENWICH -- One word describes the state of the regional commercial real estate market flat. From Manhattan to Fairfield County the volatile and unpredictable nature of the fledgling U.S. economy has led to a level of stagnancy not seen in years. .............................................................

07/23/2008 Top U.S. real estate markets for investment (Pittsburgh Post-Gazette) Rahul Reddy, a dentist from Perth, Australia, has been investing in commercial properties in Western Australia for the last two years. Now he's got his eye on residential and commercial properties in Florida and California. .............................................................

07/21/2008 U.S. assistant attorney says prosecutors will file additional fraud charges against Fort Myers real estate agent Cabrera (The News-Press) Indicted real estate agent Samir Cabrera will be facing additional charges, according to his attorney. .............................................................

07/22/2008 Rubicon Sells Half of U.S. Portfolio For $515M (CoStar Group) Sydney, Australia-based Rubicon America Trust has agreed to sell a 14-property U.S. portfolio totaling nearly 3.1 million square feet to real estate investment firm UrbanAmerica for US$515 million. Under the purchase agreement, New York City-based... .............................................................