Finance & Mortgage

'European Banks Have $3 Trillion of Exposure to Emerging Markets

European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies.

'Shares Steadier as Emerging Market Sell-off Eases

World shares steadied after falling to a near four-month low on Tuesday as a bounce in battered emerging market currencies and a positive start for Wall Street helped lift some of the recent gloom.

'Fed Poised for $10 billion Taper as Bernanke Bids Adieu

Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from trimming its bond-buying stimulus on Wednesday, as Ben Bernanke wraps up his last policy meeting at the helm of the U.S. central bank.

EDITOR'S PICKS

'US Real Estate Market 2014: The Good, the Bad and the ‘Question’

Another year has gone by. America’s economy is on the rebound and the housing market is mapping a steady growth as well. If all the mixed activity of 2013 has got you confused about if you should invest in the property market or not, here is your answer.

By Rapti Gupta
'U.S. New Home Sales Post Modest Drop in November but Mapping Steady Growth

In a latest report released by the National Association of Home Builders (NAHB), it was revealed that the sales of newly-built single family homes fell slightly in November. However, experts say that the pace of sales is steady and is a reflection of a strengthening market and economy.

By Rapti Gupta
'Lower Home Affordability Driving Rate of Homelessness in US: Study

The rate of homelessness in some major cities of the United States has been climbing at an alarming pace despite a steady economic growth, according to a survey by The United States Conference of Mayors. Low housing affordability was one of the major causes of homelessness.

By Rapti Gupta
'Fannie Mae and Freddie Mac Raising Mortgage Guarantee Fees

Fannie Mae and Freddie Mac, the two government backed mortgage lending giants have announced that they will be raising loan guarantee fees by an average of 10 points or one-tenth of a percent starting March 2014, according to several news reports. The move comes in an effort to allow private lenders compete in the housing loan market.

By Rapti Gupta
'U.S. Existing Home Sales Fell in October on Limited Supply, High Mortgage Rates and Partial Govt. Shut-Down

Sales of existing homes in the U.S. fell 3.2 percent on a month on month basis due to a tight inventory supply, high mortgage rates and the 16-day partial government shutdown, according to a latest report by the National Association of Realtors.

By Rapti Gupta
'U.S. Housing Affordability Declines as Mortgage Rates and Home Prices Spike: NAHB

According to a recent report by the National Association of the Home Builders (NAHB), housing affordability declined across the U.S. in the third quarter of 2013 as home prices soared and interest rates jumped.

By Rapti Gupta
'Dish Closing Down 300 Blockbuster LLC Stores Across US

Dish Network Corp. is reportedly pulling the shutter on the 300 remaining stores of its subsidiary home entertainment giant, Blockbuster LLC. It announced in an official statement Wednesday that the outlets will be shut down by January 2014.

By Rapti Gupta
'‘Transformer 4’ Director, Michael Bay Attacked on Hong Kong Sets by Shopkeeper Demanding Rent for Space Invasion and Disturbance

A latest incident might be a reflection of the growing frustration of shop owners in Hong Kong on the rising property costs in the area. Michael Bay, the director of the upcoming sequel to sci-fi flick ‘Transformer 4’ was attacked by a shop keeper on the sets of the movie, according to several news reports.

By Rapti Gupta
'Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share

The Empire State Realty Trust (ESRT) debuted on the New York Stock Exchange Wednesday, raising $929.5 million in its Initial Public Offering (IPO) pricing 71.5 million shares at $13 per unit, according to several news reports. The IPO under-performed, gaining only a modest 3 percent in early trading.

By Rapti Gupta
'Indiana Regional MLS: One of the Latest to Join League of Listing Websites

Indiana-based realtors have teamed up to form the Indiana Regional MLS which will help agents and buyers alike in their real estate endeavours. The state-focussed multiple listing service will not only eliminate costs for agents but will also ensure complete listing data accuracy and access, according to some news reports.

By Rapti Gupta
'Empire State Building REIT Seeking up to $1.07 Billion in IPO; To Debut October 1

Empire State Realty Trust Inc, the real estate investment trust that snaked its way through various controversies is all set to launch October 1. It plans to launch an Initial Public Offering (IPO) of 71.5 million shares at $15 to $13 a share, seeking up to $1.07 in its debut offering, according to a regulatory filing Thursday.

By Rapti Gupta
'Home Prices in China Continue to Rise in July despite Government Curbs

Home prices continued to rise in most major cities of China despite the stringent property curbs imposed by the government in the recent past. Prices rose in 69 of 70 major cities marking the strongest annual gains, according to several media reports.

By Rapti Gupta

Finance & Mortgage

'European Banks Have $3 Trillion of Exposure to Emerging Markets

'Shares Steadier as Emerging Market Sell-off Eases

'Fed Poised for $10 billion Taper as Bernanke Bids Adieu

Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving

Dozens Left Homeless After Apartment Fire Sparks In Durham

Homebuying 101: 5 Red Flags To Watch Out For

US Home Prices on the Rise: Here's Where Houses Are the Priciest

Real Estate: 3 Things To Know Before You Start Investing

'US Real Estate Market 2014: The Good, the Bad and the ‘Question’

'U.S. New Home Sales Post Modest Drop in November but Mapping Steady Growth

'Lower Home Affordability Driving Rate of Homelessness in US: Study

'Fannie Mae and Freddie Mac Raising Mortgage Guarantee Fees

'U.S. Existing Home Sales Fell in October on Limited Supply, High Mortgage Rates and Partial Govt. Shut-Down

'U.S. Housing Affordability Declines as Mortgage Rates and Home Prices Spike: NAHB

'Dish Closing Down 300 Blockbuster LLC Stores Across US

'‘Transformer 4’ Director, Michael Bay Attacked on Hong Kong Sets by Shopkeeper Demanding Rent for Space Invasion and Disturbance

'Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share

'Indiana Regional MLS: One of the Latest to Join League of Listing Websites

'Empire State Building REIT Seeking up to $1.07 Billion in IPO; To Debut October 1

'Home Prices in China Continue to Rise in July despite Government Curbs