Finance & Mortgage
'More American Homes Sold through Complete Cash Transactions: Goldman Sachs Survey
'UAE Commercial Real Estate Mapping Speedy Recovery: RICS Survey
'NAHB Report: August Sees 247 Improving Markets in US
EDITOR'S PICKS
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Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
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Dozens Left Homeless After Apartment Fire Sparks In Durham
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Homebuying 101: 5 Red Flags To Watch Out For
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US Home Prices on the Rise: Here's Where Houses Are the Priciest
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Real Estate: 3 Things To Know Before You Start Investing
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U.S. President Barack Obama pitched some new mortgage and lending plans to the public in his economic speech Tuesday at Dobson High School in Mesa, Arizona. In his speech he sketched out various plans to overhaul the lending market and asserted on the importance of private lending without ruling out the government involvement in the sector. -
'The Empire State Building REIT Saga Continues; Bids Could Delay IPO
The Empire State Building in New York City is one of the most iconic and legendary structures of the country. Nothing about it is mediocre. Therefore, when Malkin Holdings LLC, the company that manages the building, decided to roll it into a public Real Estate Investment Trust (REIT), an equally controversial series of events followed. Since the Malkins victory over the opposing shareholders, continuous bids to purchase buildings part of the portfolio have been pouring in. Many affluent developers and investors have been betting some good cash on the Empire State Building alone. -
'Brookfield Asset Management Raises $4.4 Billion for Real estate Fund Surpassing Target
Brookfield Asset Management Inc, the Canadian asset managing firm, has reportedly raise $4.4 billion for its global real estate fund. The amount is one of the largest raised since the financial crisis and has surpassed the $3.5 billion target, the company actually affixed, according to several media reports. -
'US Home Sales Drop Unexpectedly in June; Remain at 3.5 Year High
Home sales in the U.S. witnessed a slight unexpected dip in the month of June as average mortgage rates climbed a little. However, the current figures of sales remain at a three and a half year high, according to the data released by the National Association of Realtors (NAR). -
'London Home Prices Reach Record High in June on Foreign Investment
Home prices in London, U.K. went up to reach a record high in the month of June as more number of foreign investors poured in money into the real estate market of the city. -
'U.S. Mortgage Rates Hit a 2-Year-High
The average 30-year fixed mortgage rose this week to 4.51 percent, reaching a two-year high following the anticipation that the Federal Reserve would lower future bond purchases, according to Freddie Mac. -
'Fannie Mae Selling Mortgage Bonds Worth $1 Billion
U.S. Mortgage financier, Fannie Mae is reportedly planning to sell mortgage bonds worth $1 billion in an upcoming private auction slated to be held on Thursday, July 11. The lender will be selling these bonds without any involvement or backing from the government, according to several media reports. -
'The Effects of Government Curbs on Hong Kong’s Real Estate Market
Hong Kong’s property sector is the most expensive real estate market of the Asia Pacific region. Home prices have been high since 2009 due to lack of steady supply, low interest rates and the influx of Chinese buyers in the region. To cool the conditions down, the government had introduced various measures in the past few months. But has the government actually achieved its target with these curbs? How have these measures affected the market? -
'Singapore Introduces New Home Loan Regulations
In an effort to cool down the heated real estate market of the country, the government of Singapore has introduced a new set of rules and benchmarks for banks before granting a home loan to an individual. -
'Thomson Reuters Launches Two New Investable Real Estate Indices in Asia Pacific Region
Thomson Reuters, a leading business intelligence firm has teamed up with Global Property Research (GPR) and Asia Pacific Real Estate Association (APREA) to launch two new investable real estate indices that are a part of its larger composite family launched in January 2013. -
'US Mortgage Rates Fall After Two-Month Increase
Mortgage rates in the U.S. fell slightly after inching up for the past two months. However, experts believe that the fall is only brief and rates will surge depending upon the Federal Reserve’s decision to cut down its bond purchasing scheme, according to several media reports. -
'Speculation on Fannie Mae and Freddie Mac’s Future Continues
The American administration has been speculating the future of two famous government-backed mortgage lenders, Fannie Mae and Freddie Mac since 2011. Though the pace at which decisions about the two entities are being made is slow, the government is diligently working on various proposals to determine a new future for the now-profitable lending giants.
