Boston Real Estate News
Real Estate news for Boston, IN continually updated from thousands of sources.
Oct 31, 2014 | via MLive.com
A Detroit businessman and real estate investor who made a down payment on a $3,183,500 "blight bundle" in the Wayne County tax foreclosure auction has several of his own tax debts, The Detroit News reports. Herb Strather, who runs a real estate school called Strather Academy, has reportedly paid 10 percent of the more than $3 million needed to buy 6,350 vacant lots and abandoned homes. Comment?
Wednesday Feb 25 | via WMSH-AM Sturgis
Figures released by the Indiana Association of Realtors show the median price for a home dropped in Steuben and LaGrange Counties last month when compared to January 2014 but went up in Elkhart, Noble and DeKalb Counties. Compared to year-ago figures, there were 18 closed sales in Steuben County last month compared with 16 in January of 2014. Comment?
Tuesday Feb 17 | via Indianapolis Business News
Central Indiana home sales perked up to start the new year, as buyers drove a 4.7-percent increase in sale agreements in January for the nine-county area. Comment?
Thursday Feb 5 | via TheIndyChannel
The Call 6 Investigators are digging into the state's child support system, which is currently under review by the Domestic Relations Committee of the Judicial Conference of Indiana, Call 6 Investigator Kara Kenney reported. It's an issue that affects a lot of Hoosiers: roughly half of Indiana marriages end in divorce, and statistics show 43 percent of babies born in this state are to unmarried parents. Comment?
Thursday Feb 5 | via Business Wire
He will report to Jim Alender, Chief Operating Officer of Salin Bank. Flournoy brings an impressive and extensive career in banking to his new position. Comment?
Wednesday Feb 4 | via Indiana Law Blog
Yesterday Attorney General Zoeller announced that Indiana is part of a multistate, $1.3 billion S&P settlement, via a news release that begins: Indiana, the U.S. Department of Justice, 18 other states and the District of Columbia reached a settlement agreement with Standard & Poor's Financial Services LLC resolving allegations that S&P misled investors when it rated structured finance securities in the lead-up to the 2008 financial crisis. The settlement requires S&P to pay $1.375 billion, which will be split among the states and the Department of Justice. Comment?
12 min ago | via International Business Times
Home prices in the capital cities of Australia have gone up in February 2015, as home values rise by 0.3 percent. Sydney has the highest median price at $680,000 now. Comment?
16 min ago | via Korea Herald
South Korea's banking sector has enough buffers to weather industry-wide challenges but still should bolster its efforts to diversify profit and lower credit risks, a Standard & Poor's official said Tuesday. The advice comes as local lenders strive to shore up profitability amid falling profit from interest while controlling the quality of their household lending, whose demand is soaring under the low-rate environment. Comment?
22 min ago | via Reuters
Australia on Tuesday announced it was forcing the Chinese owner of a A$39 million Sydney mansion to sell up within 90 days, the first such crackdown on foreign investment in residential real estate since 2006. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, owned by Hong Kong-listed Evergrande Real Estate Group through a string of shell companies in Australia, Hong Kong and British Virgin Islands, Treasurer Joe Hockey said in a statement. Comment?
33 min ago | via Seeking Alpha
The enormous discounts would make it practical to either liquidate the company or repurchase shares, but the share value outstanding isn't moving. Is anyone else feeling a little bothered by the fact that mREITs are trading at enormous discounts to book value? It's interesting that even major established companies like Annaly Capital Management are trading at such substantial discounts to book value. Comment?
35 min ago | via West Australian
Record home construction over the next 12 months should give the economy a much-needed boost, but could also put the brakes on more interest rate cuts. Approvals for the construction of new homes rose 7.9 per cent in January, beating market expectations, and were up 9.1 per cent in the 12 months to January, the Australian Bureau of Statistics said on Tuesday. Comment?
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