Finance & Mortgage
'UK Commercial Property Values Jump in May Ending 18-month Lag
'US Home Foreclosures Up 11 Percent in May
'Home Prices Spike 9.2 Percent in Dubai, Knight Frank Report
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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The Central Bank of Mongolia will slash down mortgage interest rates almost by half to 8 percent from the existing 15 percent in order to support and substantiate growth in the middle-class sector of the country. The rates are expected to come into effect by June 17. -
'Carlyle Group LP Planning to Raise $4 Billion for Seventh Real Estate Fund
Carlyle Group LP, the famous American private equity firm is reportedly planning to raise $4 billion for its seventh real estate fund. The target, if achieved, would make it the firm’s largest property fund since the financial crisis. -
'Gen Y Prefers Energy Efficient Homes
In a recent consumer preference survey conducted by the National Association of Home Builders (NAHB) it was revealed that if given a chance to own a home, the Gen Y of America would prefer to own a super-energy-efficient home. -
'U.S. April Construction Spending Increases
Construction spending in the U.S. increased a little in April on the improved building activity in the private non-residential sector, according to a report analyzed by the Associated General Contractors of America. -
'Rise in Mortgage Rates Deprives Home Owners of Benefits of Refinance
The rise in mortgage rates over the last few weeks had deprived homeowners the chance to enjoy a refinance and discouraged new home buyers too, just on the onset of many of them gaining equity in their homes and finally becoming eligible for a refinance. -
'Empire State Building IPO Plan Approved; To Be Listed on NYSE
The long debated and controversial appeal to take the legendary Empire State Building, public has finally received all shareholder votes needed to approve the plan. The building will be listed on the New York Stock Exchange (NYSE), according to a regulatory filing, Wednesday, May 29. -
'Morgan Stanley Hoping to Raise $3 Billion for Global Property Fund
Morgan Stanley, the international leader in financial services is reportedly gearing up to revive one of its property funds, Morgan Stanley real estate funds (Msref) to take advantage of a strengthening economy and property market. It hopes to raise capital worth $1 to $3 billion from potential investors for the global fund. -
'American Realty Buying CapLease for $2.2 Billion
American Realty Capital Properties (ARCP), a popular Real Estate Investment Trust (REIT) has agreed to purchase CapLease Inc, another REIT for $2.2 Billion, including debt, according to several reports. -
'Judge Dismisses Candy Spelling Eviction Lawsuit
Candy Spelling, widow of TV mogul Aaron Spelling can remain in her leased condo at the Carlyle Building in Westwood, California as a court Judge has dismissed her landlord’s plea to evict her from the premises of the condo. -
'US Mortgage Rates Rise in May but Still Remain at Historic Lows
The average U.S. borrowing rate for housing loans rose to reach new highs in May. However, rates remain at historical lows when compared on a year on year basis since 1971. -
'Empire State Building IPO Plan on the Verge of Shareholder Approval
The controversial move of taking the historic Empire State Building public is almost on the verge of gaining majority approval from shareholders, as 79.6 percent of unit-holders have voted for the plan. -
'US Housing Affordability Remains Steady for the First Quarter of 2013, NAHB report
Housing affordability among the public of the U.S. remained steady for the first quarter of 2013 when compared to the first quarter figures of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
