Gabor Orsos Floating Island Has About $5M Price Tag [PHOTO]
June 22 2012 1:17 PM
Self-proclaimed travel expert Gabor Orsos is working on a prototypical floating island that will set you back around $5 million to snatch up your own private paradise.
Lanai, Hawaii: The Island Of Billionaires, Pineapples And Tourists
June 21 2012 1:30 PM
Lanai, Hawaii, was once known as the pineapple capital of the world. Then the pineapple plantations became four-star resorts. What's next? That's up to the new owner: American billionaire Larry Ellison.
- US Existing Home Sales Fall 1.5% In May
June 21 2012 10:51 AM
U.S. sales of existing homes fell 1.5 percent to an annual rate of 4.55 million units due to low inventory, the National Association of Realtors said Thursday, missing expectations and raising doubts about a housing recovery.
- A New Low: US Mortgage Rates Fall To 3.66%
June 21 2012 10:32 AM
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.66 percent following weak economic indicators, mortgage financier Freddie Mac said Thursday.
US Housing Prices Forecast To Rise In 2012, But Don't Call It A Recovery
June 21 2012 6:53 AM
U.S. housing prices won't just hit the bottom this year -- they'll rise by 2 percent, according to a report by Capital Economics released this week. But that doesn't mean the market is in great shape.
- US Housing Starts Fall In May, Permits Surge To Highest Level In Nearly 4 Years
June 19 2012 1:26 PM
Housing starts fell 4.8 percent in May to an annual rate of 708,000, but building permits climbed 7.9 percent to the highest level in nearly four years, the U.S. Commerce Department said Tuesday. Economists surveyed by Reuters had forecast a reading of 720,000.
Imagining U.S. Housing Without Fannie Mae And Freddie Mac
June 19 2012 6:40 AM
The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
Is US Housing Getting Better? Homebuilders Think So
June 18 2012 12:21 PM
U.S. homebuilder stocks rose Monday after a report indicated that more builders viewed the housing market favorably in June, with confidence hitting the highest level since May 2007.
- US Mortgage Rates Rise After Six Weeks Of Declines
June 14 2012 12:36 PM
U.S. 30-year fixed mortgage rates increased to 3.71 percent, reversing six weeks of declines after modestly positive economic data, mortgage financier Freddie Mac said Thursday.
- US Foreclosures Rise 9% In May, First Jump In 3 Months
June 14 2012 10:15 AM
U.S. foreclosure filings increased for the first time in three months by 9 percent in May, according to a Thursday report by listings site RealtyTrac.
Investors Want Real Estate (Again)
June 13 2012 8:05 PM
U.S. investors are getting back into real estate, but their efforts are being complicated by the uncertain housing market.
Plaza Hotel: Manhattan Landmark To Be Sold To Indians (The Other Kind Of Indians)
June 13 2012 2:01 PM
The 105-year-old, 20-story luxury hotel is currently jointly owned by El-Ad Properties, an Israeli-owned real estate firm; and Kingdom Holdings, a company based in Saudi Arabia.
More Takers For Home Loans, Fresh Respite For Underwater Borrowers
June 07 2012 6:44 PM
An increase in the spurt of mortgage applications, following low mortgages rates and a rising demand for refinancing activities
US Mortgage Rates Fall To Record Low For Sixth Week
June 07 2012 12:19 PM
U.S. 30-year fixed mortgage rates dropped to a record low for the sixth consecutive week on poor economic data, mortgage financier Freddie Mac said Thursday.
NYC Properties At High Risk of Hurricane Losses
June 07 2012 9:07 AM
When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area.
- Fannie Mae Names General Counsel Timothy Mayopoulos As New CEO
June 05 2012 5:55 PM
Fannie Mae, the federally controlled mortgage giant, said Tuesday it is appouinting its general counsel, Timothy Mayopoulos, as its new president and CEO.
Europeans Flock To Buy New York Real Estate
June 05 2012 1:31 PM
With Europe in turmoil, the affluent French, British and their continental neighbors are flying to buy one of the world's most stable investments: Manhattan real estate.
Gaylord To Sell Hotel Brand To Marriott For $210M
May 31 2012 11:14 AM
Marriott International Inc., the largest publicly traded U.S. hotel operator, plans to acquire Gaylord Entertainment Co.?s namesake hotel brand and management company, for $210 million.
- US Pending Home Sales Fall 5.5% In April, Weakest Result In A Year: NAR
May 30 2012 10:49 AM
U.S. pending home sales fell 5.5 percent in April compared to the prior month, the National Association of Realtors said Wednesday, marking the weakest result in a year and raising more uncertainty surrounding the housing recovery.
Too Big To Succeed? Dewey & LaBoeuf's Demise Mirrors Real Estate Collapse
May 30 2012 6:46 AM
The global headquarters of Dewey & LaBoeuf LLP, a glass-sheathed office tower in midtown Manhattan, has a commanding view of a stretch of Sixth Avenue looking downtown. A pair of statues, designed by artist Jim Dine, rise from the plaza of the stately office, overlooking Rockefeller Center. But now, it will be the law firm's ornate tomb, a reminder of its glory days.