Investing
US Mortgage Rates Fall After Two-Month Increase
US Home Mortgage Rates Up Slightly
Donald Trump Announces Luxury Hotel-Condo Tower Project Worth $350 Million (VIDEO)
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. Weyerhaeuser Buying Longview Timber for $2.6 Billion
In what might be called the third-largest forestry acquisition of North America, Weyerhaeuser Co., a U.S based real estate investment trust that owns timberland is buying Longview Timber LLC, a forestry industry leader for $2.6 billion. The former will be acquiring the latter fully, including debt, according to various media reports. US Home Foreclosures Up 11 Percent in May
Foreclosure activity in the U.S. hiked to reach 11 percent in May, up 2 percent from the figures of April but still down 29 percent from the figures recorded a year ago, according to the data released by real estate intelligence firm, RealtyTrac.com. 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. More Dutch Offices Being Converted into Student Housing Units
Amid high vacancy rates in the commercial property market of Netherlands, the Dutch have finally found a way to fill up the empty buildings. A number of property developers are refurbishing office space to convert them into student boarding or housing facilities. Blackstone Buying Majority Stake in Gafisa’s Alphaville Urbanismo for $651 Million
Blackstone Group LP and its Brazilian sister firm, Patria Investimentos have reportedly entered into an agreement to buy 70 percent stake in Brazilian luxury property developer, Gafisa’s residential community developing unit, Alphaville Urbanismo for $651 million. Number of Improving Housing Markets in US Rises in June, NAHB Report
The number of improving housing markets in the U.S. rose to reach 263 in June, according to the “The First American Improving Markets Index” (IMI) of the National Association of Home Builders (NAHB). 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. 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. Government to Auction off Lighthouses
The U.S. General Services Association (GSA) has decided to do away with some of its water-front real estate assets. It is gearing up to auction off some old lighthouses and fog horn homes across the country, according to Curbed National.
