Before this new-house market can see any kind of real change, foreclosed property needs to be purchased so the new-home building market can grow.

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Akinori Koto, general manager of Digital Garage's U.S. operations, says the space will house a new incubator for U.S. startups interested in the Japanese market and serve as a home away from home for startups from its Tokyo-based incubator.

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Giles Peppiatt, director of contemporary African art at Bonhams, a British auction house that hosted the New York sale, says prices will still rise in this niche market.

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In response, the White House has proposed new rules that call for U.S. trade officials to review how proposed market-opening agreements would impact the environment.

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Even if most house-sellers fail to embrace the new websites, the forthcoming deregulation could still end up changing the market.

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He recognized a gap in the market, and his wife and partner, Carol Cork, sold her house to help him start a new company that would fill the gap.

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The transfer will allow them to move to an area that is more affordable, where the real estate market may create some equity for them in retirement, and she will be able to pay off the new house in ten or fifteen years.

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