Friday, 27 December 2024

Finance & Mortgage

Blackstone Group Sells the London Hotel in Midtown for $382M

Blackstone Group has sold the London Hotel in Midtown for $382 million, or $678,000 per room, to the Abu Dhabi Investment Authority. The Hyatt Times Square and the Marriott Edition on Madison Square Park are also owned by the Abu Dhabi Investment Authority, which is expected to retain the current management team.

Brad Pitt Blasts Bankers Saying They Should Pay for Financial Crisis

When the Hollywood actor was asked if banks should have been accountable for the crisis that inspired the film, he sighed, “I’m as frustrated as you are ... I think it’s horrible that no bank officials have ever been held accountable, therefore there’s no incentive to stop this behavior.”

Celebrity Real Estate: Comedian Tim Allen Lists Bel Air Home for $1.95M

Comedian Tim Allen, also known as Tim “The Toolman” and Taylor to TV fans, listed his Bel Air home for $1.95 million – and what’s interesting is it doesn’t need any home improvement. Built in 1963, the 2,604-square-foot home is cozy, but the space is practically Taylor-made and great for entertaining guests.

EDITOR'S PICKS

3- Bedroom Eco-House Forest Lodge in Australia Sold

3- Bedroom Eco-House Forest Lodge in Australia sold in a deal more than $1.9 million. It is not difficult for everyone to remember the Forest Lodge at 41A Foss St that was seen on reality TV show Grand Designs Australia last year.
By Staff Reporter
Real Estate Agent Guilty of Theft Charges

A real estate agent got convicted after confessing that he took money from their agency's escrow account.
By Staff Reporter
Mortgage Application Dropped with 3.2 percent Due to Rate Increase

Increase in mortgage rates causes the buyers to steer clear from applying for a mortgage loan which resulted to the decrease of mortgage applications by 3.2 percent.
By Staff Reporter
Mortgage Lending Records Highest Figures in Seven Years

United Kingdom's mortgage lending last October was recorded as the highest figures than any points in seven years.
By Staff Reporter
How To Easily Pay Off Your Mortgage

Listed below are a couple of tips on how to payoff one's mortgage as early as possible. Mortgages can sometimes be a long term burden, most especially if you're not keen in balancing your finances.
By Staff Reporter
U.S. Foreclosures At Record Low Since 2005

Mortgage Banker's Association's National Delinquency Survey showed a seasonally adjusted rate decrease of 4.99 percent in overall outstanding loans for one-to-four-unit residential properties at the end of 2015's third quarter; the lowest since the first quarter of 2007. The delinquency rate plummeted 31 basis points from the previous quarter, and 86 basis points from a year ago, World Property Journal reports.
By Staff Reporter
U.S. Renters Least Prioritize Down Payments for a Home

A low percentage of homeowners opting to pay a downpayment is evident in the latest Freddie Mac Online Survey. And only 39% of the online takers think that a down payment is a vital part of their savings.
By Staff Reporter
Online Real Estate Boosts Growth for Small Startups

The interest in the real estate business is evidently flourishing online and there is a dramatic possibility of increase in the near future with the potential data brought by buyers and sellers.
By Staff Reporter
U.S. Builder Confidence Suffers A Drop In November

From 65, builder confidence for brand new single-family homes is now down by three points at 62 in November 2015, based on National Association of Home Builders/Wells Fargo Housing Market Index's upwardly revised October reading, World Property Journal reports.
By Staff Reporter
World's Luxury Home Hotspots Include Sydney, Vancouver, and Shanghai

At least 10 percent price growth in luxury homes has been experienced by three major cities namely Vancouver, Sydney, and Shanghai in Asia in the past year, a new research revealed in a report by Daily Mail UK.
By Staff Reporter