Starck team cuts prices in cooling condo market
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International design superstar Philippe Starck and his partners in a Boston condominium project, struggling to sell their luxury units in a stagnant market, have dropped their asking prices an average of 12 percent and hired a new real estate agent.
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The local real estate market is showing signs of slowing down. There are more homes on the market in Greater Boston than at any time during the last five years, some properties -- especially the more expensive ones -- are taking longer to sell, and price reductions are becoming increasingly common. Meanwhile, sales of single-family homes across the state fell ...
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A slowing housing market and chilly temperatures kept shoppers at home during February, according to a report.
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The realty space is being disrupted.
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In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale.
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While the suburban housing market has been showing some signs of softness, sales for condominiums in central Boston, especially luxury condos, continue to be strong, according to an analysis of third-quarter sales by the Listing Information Network, or LINK, which tracks the downtown condo market.
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The company has cut up to 25 percent off the price of two of its liquid-crystal display TV models.
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The company cut Nevada home prices by 25%. Is it the beginning of a trend?
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Freddie Mac FRE.N, the No. 2 U.S.  mortgage finance company, said on Monday it will no longer  serve as a broker dealer in the multi-trillion-dollar mortgage  bond market, a move some said is designed to lower risk and  placate regulators.
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The company has decided to leave the public markets.
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Company will slash nearly 3,250 jobs, reduce real estate to lower annual costs by $393.7M in 2005. TORONTO  - Nortel Networks Corp.
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Weak housing market hurting demand for power tools.
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NEW YORK SBC Communications is lowering the projected cost of its program to bring fiber-optic cables to the edge of most neighborhoods.
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In keeping with the company&#39;s bundling strategy, SBC Communications Inc. (NYSE: SBC) on Monday said it will drop the price of its FreedomLink Wi-Fi service to $1.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
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House price inflation is now easing off, according to the latest monthly survey from the Halifax.
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Electronics retailer trims guidance as Americans curb spending.