NEW YORK (Reuters) - National City Corp , a U.S. Midwest regional bank hard hit by the credit crisis, on Tuesday announced plans to slash 4,000 jobs and said rising reserves for soured mortgage and real estate construction loans led to its fifth
Source: www.boston.com

On the market: Foreclosures under $200,000 - Boston Globe
When banks take over ownership of foreclosed properties and put them on the market, it’s usually at a price under its market value. But is buying a foreclosed property worth the potential hassles? Take a look at some bank-owned properties on the
Source: www.boston.com

Tracking firm says SoCal home sales jump - San Diego Union-Tribune
LOS ANGELES Southern California home sales jumped 65 percent in September from a year ago, as plummeting prices lured more buyers, a real estate tracking firm said Monday. Last month’s median home price in the six-county region fell 33.2 percent
Source: www.signonsandiego.com

Oct. 20 (Bloomberg) — Japanese regulators should create rules to spur mergers of real estate investment trusts to help them survive, said Yuichi Hiromoto , chief executive officer of Mitsubishi Corp. UBS Realty. Japanese REITs, corporations that

Centerline Holding in Danger of Default - Wall Street Journal
Centerline Holding Co., a commercial-property finance and investment company headed by real-estate mogul Stephen M. Ross, may not be able to meet its near-term debt obligations, Moody’s Investors Service warned Friday while cutting the company’s

The local real estate market may be “starting to bounce off the bottom,” said Diedre Haines, Coldwell Banker Bain’s regional managing broker for Snohomish County. More lookers are turning into buyers. Interest rates remain favorable. Good loan

Preserving the past at Phillippi Estate Park - Herald Tribune
Money for real estate projects is scarce nationally and locally, and that goes for preservation and restoration efforts, no matter how worthy. Sarasota County Historic Preservation Specialist Lorrie Muldowney with John McCarthy, general manager of