July 30--New-home prices will drop another 5 percent this year and stay essentially flat in 2011 as builders compete with more foreclosures and short sales, a Las Vegas housing analyst said Thursday at his quarterly presentation.
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SPG reported second-quarter 2010 FFO of $487.7 million or $1.38 per share, compared to $313.1 million or $0.96 per share in the year-earlier quarter.
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Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
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Yes, even with months of inventory languishing on the market, some real-estate experts see a day coming when demand for new homes will exceed supply.
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Deutsche Bank AG, Germanys largest lender, is dismantling a group that advises companies on commercial real estate transactions, according to people with knowledge of the matter.
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UPDATE 1-Foreclosures up in 75 pct of top U.S. metro areas
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( Ricks Picks frequently runs guest commentaries expressing opinions that differ markedly from our own.
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Simon Property Group, Inc. today announced results for the quarter ended June 30, 2010.
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Thursday, July 29 th , 2010. Issue 30, Volume 14. RIVERSIDE - The Inland Empire was ranked No. 5 in nationwide foreclosure activity during the first half of the year, with almost 4.5 percent of households in default, a real estate tracking firm reported today.
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Foreclosures have increased in 75 percent of the nation's top metropolitan areas over the past six months.
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