Excited About Myanmar? Read This First
July 14 2012 1:35 PM
Introducing Myanmar, the world's next big thing that's struggling to figure out what exactly that means.
- US Mortgage Rates Fall To Record Low Of 3.56%
July 12 2012 1:05 PM
U.S. 30-year fixed mortgage rates fell to a record low of 3.62 percent following a weak employment report for June, mortgage financier Freddie Mac said Thursday.
- Blackstone To Sell Office Building Portfolio
July 11 2012 12:03 PM
Private equity giant Blackstone Group LP (NYSE: BX) is preparing to sell its office portfolio over the next 18 months, hoping to capitalize on the commercial property rebound, the Wall Street Journal reported.
The Rebirth Of General Growth Properties
July 10 2012 6:17 AM
General Growth Properties (NYSE: GGP), the second-largest public U.S. mall landlord, is living up to its name once again. After exiting bankruptcy in 2010, the Chicago-based company's shares hit a new all-time high of $18.49 on Friday.
- Midprice Retailers Struggle To Compete
July 06 2012 5:07 PM
As the gap between America's middle class and the wealthiest 1 percent has widened, luxury retailers and discounters continue to grow, while midprice brands are finding it difficult to compete.
Why Are US Rents Hitting Record Highs?
July 06 2012 6:42 AM
During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.
US Mortgage Rates Hit New Low Of 3.62%
July 05 2012 11:24 AM
U.S. 30-year fixed-rate mortgages fell to a record low of 3.62 percent, its 10th such weekly record low in the last 11 weeks, following weak economic data, mortgage financier Freddie Mac said Thursday.
Thinking About Buying A US Home? Think Carefully
July 04 2012 12:07 PM
U.S. mortgage interest rates for 30-year, fixed loans are at/near 40-year lows. Further, while there's nothing like owning a home, for several reasons 'this is not your father's housing market.' There are pitfalls and pratfalls, and prospective buyers would be wise to review these five tips before taking the plunge.
Sam Zell, Blackstone Raise Cash For Buildings, Potentially Stabilizing Markets
July 03 2012 6:40 PM
Two of real estate's biggest landlords are gearing up for more acquisitions in moves that could help stabilize local housing markets.
California Passes Strong Mortgage Protections
July 03 2012 3:03 PM
California, the state with the second most foreclosures by volume, has passed one of the strongest laws in the country seeking to protect homeowners from improperly losing their homes.
Phoenix Is Rising, Again
July 03 2012 6:02 AM
Sun-drenched Arizona became a poster child for the overdevelopment excesses of the boom, but it's recently become a leader in the U.S.'s long-awaited housing recovery.
- US Housing Prices Rise For Third Month In May: CoreLogic
July 02 2012 10:53 AM
U.S. home prices rose 2 percent in May, another sign that the depressed housing market is stabilizing, data firm CoreLogic (NYSE: CLGX) said Monday.
FHA Won't Implement Mortgage Restriction
June 29 2012 12:52 PM
The Federal Housing Administration (FHA) won't adopt a new restriction that could have prevented thousands of prospective home buyers from obtaining low-cost mortgages.
Reverse Mortgages Could Rise, But Beware: Report
June 28 2012 6:30 PM
A wave of retiring U.S. baby boomers may lead to an increase in unconventional loans known as reverse mortgages in coming years, but the practice comes with risks, according to a report released Thursday by the Consumer Financial Protection Bureau.
Pratariccia: Tuscan Town Available On eBay, Price ?Negotiable?
June 28 2012 4:47 PM
Fancy buying a Tuscan ghost town? The medieval village of Pratariccia is now on sale in the unlikeliest of places: eBay. The price: $3 million.
- US Pending Home Sales Rise To Two-Year High In May
June 27 2012 11:10 AM
U.S. pending home sales rose 5.9 percent in May, matching a two-year high, the National Association of Realtors said Wednesday.
Rising US Home Prices, Sales Don't Signal Healthy Market: Developer
June 26 2012 2:01 PM
Although U.S. home prices inched up in April and new home sales rose to a two-year high in May, the national housing market remains uneven and weak, said a New York-based developer.
US Home Prices Rise For 3rd Straight Month in April: Case-Shiller
June 26 2012 10:46 AM
Single-family home prices picked up for the third month consecutive month in April, showing signs that the housing market recovery is gaining traction.
New Home Sales Jump 7.6% In May, Highest Level In 2 Years
June 25 2012 10:50 AM
New single-family home sales grew by 7.6 percent from April to a seasonally adjusted annual rate of 369,000 in May, the Commerce Department said Monday. The increase was much stronger than the 346,000 analysts polled by Reuters had forecast and was the highest since April 2010.
China's 2012 Growth Target At Risk, Property Curbs Hurt
June 25 2012 9:05 AM
China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition.