Finance & Mortgage
U.S. April Construction Spending Increases
Gen Y Prefers Energy Efficient Homes
Rise in Mortgage Rates Deprives Home Owners of Benefits of Refinance
EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
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. 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 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. 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). Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits
The Federal National Mortgage Association, popularly known as Fannie Mae will be paying back $59.4 billion to the U.S. Treasury as it reports record quarterly profits and hopes to capitalize on the loans it had received from the department during the housing crisis. Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB
The 55+ single family Housing Market Index (HMI) analyzed by the National Association of Home Builders (NAHB), rose to reach 46 points in the first quarter of 2013, making it the highest first quarter point recorded since the introduction of the measure in 2008. Number of Improving Property Markets in US Dips Slightly in May, NAHB Report
A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving property markets in the U.S. has dropped to 258 from the 273 recorded in April.
