News

  • UDR Reports $73 Million in Funds From Operations, 25 Percent Increase in Rents

    October 31 2011 1:31 PM

    Colorado-based UDR Inc. reported third quarter funds from operations of nearly $73 million, or 32 cents per diluted share, up from $46.9 million, or 27 cents per diluted share, in the third quarter of 2010. UDR had a loss of 7 cents per share, down from a loss of 16 cents per share in 2010.

  • Real Estate Broker Giant CBRE Group Reports 12% Profit Gain

    October 28 2011 3:40 PM

    CBRE Group Inc., the world's largest real estate brokerage and services company, reported third quarter revenue to $1.5 billion, up 21% from $1.3 billion in 2010.

  • New U.S. Home Sales up 5.7 Percent in September, but Pricing DownNew U.S. Home Sales up 5.7 Percent in September, but Pricing Down

    October 26 2011 11:18 AM

    Sales of new single-family homes were up 5.7 percent from the previous month to 313,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. However, sales activity declined 0.9 percent decline from September 2010, when an estimated 316,000 homes were sold.

  • Home price index at record high in AugustHome price index at record high in August

    October 26 2011 9:40 AM

    Canadian home resale prices rose in August, their ninth consecutive monthly gain, taking the index to a record high, according to a report on Wednesday.

  • Home Builder Confidence Rises Despite Weak Housing Market

    October 18 2011 12:23 PM

    Confidence among home builders is up in October, although most still rate the market as poor.

  • Freddie Mac: Renting Continues to Rise, Especially Among Young

    October 17 2011 5:19 PM

    With the housing market still struggling from the burst of the housing bubble several years ago, rental housing has been on an upswing.

  • RICS: Positive Momentum 'Fading'RICS: Positive Momentum 'Fading'

    October 16 2011 11:56 PM

    Improvements seen in the commercial property market in first half of the year faltered during Q3 2011 as occupier demand fell back for the first time in 12 months, says the latest RICS UK Commercial Market Survey.

  • PICTURES: Tom Brady, Gisele Bundchen Put $10.5 Million Home for Sale

    October 14 2011 10:02 PM

    The wealthy couple tried to sell the home in 2009.

  • Hollywood star facing $6m foreclosure woeHollywood star facing $6m foreclosure woe

    October 13 2011 11:55 PM

    Hollywood movie star Chris Tucker has earned millions from starring in the 'Rush Hour' series alongside Jackie Chan, but despite his seemingly immense riches, his Florida home is reportedly on the verge of foreclosure.

  • Freddie Mac: Mortgage Rates Up After Record Lows

    October 13 2011 10:52 AM

    An employment report that was better than market expectations helped to lift long-term Treasury bond yields and mortgage rates as well, Frank Nothaft, vice president and chief economist for Freddie Mac, said in a statement.

  • Danes in Spain Love 'Scintillating' Spanish LifestyleDanes in Spain Love 'Scintillating' Spanish Lifestyle

    October 13 2011 9:22 AM

    A decidedly happy bunch, Denmark holds a reputation of having an exceptionally good quality of life. In spite of this, more and more Danes appear to be investing their hard earned cash elsewhere with more than 70,000 purchasing holiday homes abroad, with Spain topping the charts as their perfect sec...

  • Housing starts jump in September: CMHCHousing starts jump in September: CMHC

    October 11 2011 2:03 PM

    Canadian housing starts jumped much more than expected in September, helped by a surge in the condominium sector, suggesting Canada's property boom stayed intact last month and should help the economy avert recession.

  • Home Prices: 5 Questions You Must Ask Before Buying a U.S. HomeHome Prices: 5 Questions You Must Ask Before Buying a U.S. Home

    October 09 2011 3:07 PM

    Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.

  • 30-year Fixed Mortgage Rate at New Lows30-year Fixed Mortgage Rate at New Lows

    October 06 2011 1:21 PM

    The average 30-year fixed mortgage rate fell below 4 percent for the first time in history to 3.94 percent.

  • Flaherty sees no housing bubble, says no need to cool

    October 05 2011 4:03 PM

    The Vancouver housing market is attracting unusually strong demand but Canada as a whole does not face a housing bubble that requires government action, Finance Minister Jim Flaherty said on Wednesday.

  • 'A Place in the Sun Live' Exceeds Expectations'A Place in the Sun Live' Exceeds Expectations

    October 05 2011 9:22 AM

    The A Place in the Sun Live show exceeded expectations last weekend to put the confidence back into an industry weighed down by financial worries.

  • Polish Property Popular as People Look Beyond EurozonePolish Property Popular as People Look Beyond Eurozone

    October 04 2011 9:22 AM

    Polish property is proving popular with people avoiding the Eurozone, new research reveals. The debt crisis continues to worry the continent, but buyers are still investing in real estate abroad – particularly in Poland, where searches for property “soared by almost 60%” in August, as buyers turned...

  • Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

    September 29 2011 12:30 PM

    Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?

  • Home price index hits record high in JulyHome price index hits record high in July

    September 28 2011 12:29 PM

    Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.

  • 3 Million Visitors Flock to Albania this Year3 Million Visitors Flock to Albania this Year

    September 28 2011 9:22 AM

    The number of people visiting Albania in the first eight months of this year has doubled since 2008. The country welcome 3 million tourists between January and August of 2011, as the Balkans continue to attract foreign interest.