BY INA PAIVA CORDLE

Condominium prices are being cut by at least 30 percent at the newly built skyscrapers, said Dezer Properties President Gil Dezer, as the company tries to unload hundreds of unsold units amid a troubled real-estate market.

Real-estate experts say the prices now rank below competing new oceanfront properties countywide.

For full story visit: [miamihearld.com]

By RACHAEL LEE COLEMAN

The Financial Fraud Enforcement Task Force kicked off the first of its mortgage-fraud summits Wednesday in the epicenter of the nation’s mortgage-fraud crisis and pledged to begin finding solutions.

For full story visit: [miamihearld.com]

A Sarasota firm bought a 360-unit apartment complex in southwest Orlando for $6.1 million.

For full story visit: [bizjournals.com]

By Marilyn Lewis

Nearly four years into the housing crash, home sellers finally are starting to price their homes in line with reality.

For full story visit: [moneycentral.com]

By Kathleen M. Howley

U.S. home prices fell 1.2 percent in the fourth quarter from a year earlier, the smallest loss in two years, as a federal tax credit for homebuyers boosted demand.

For full story visit: [bloomberg.com]

By Les Christie

Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year and next.

For full story visit: [money.cnn.com]

By Bob Willis

Royal Palm’s parent company, RPC Diversified Holdings, planned to build 300 condominium units and 286 hotel rooms on the site, but construction never began. It is currently a parking lot.

For full story visit: [businessweek.com]

By Bob Willis

Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand.

For full story visit: [businessweek.com]

BY Julie Haviv

A continued drop in demand for purchase loans, a tentative early indicator of home sales, would not bode well for the hard-hit U.S. housing market, which remains highly vulnerable to setbacks and heavily reliant on government intervention.

For full story visit: [reuters.com]

By Les Christie

Bonuses are making a comeback on Wall Street and that might help stabilize the Manhattan real estate market.
While Manhattan home prices dropped between 10% and 15% in the last quarter of 2009 compared with a year earlier, the losses have started to slack off, according to a host of markets reports released Tuesday by big New York brokerage firms.

For full story visit: [cnn.com]