Investing
Builder Confidence in New Single Family Homes Strengthens in May; NAHB Report
China Home Sales Drop 13 Percent in April on Housing Curbs
Builders Submit Bids for Seward Park Lot Development
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. EXIT Realty Launches National Investor Center: Report
EXIT Investor Center was launched Monday by EXIT Realty Corp. International on the company's website, according to a company press release. Update: Judge Clears Empire State Building IPO Obstacle
The controversial move of taking the historic Empire State Building, public has just crossed another hurdle after Justice O. Peter Sherwood; the New York State Supreme Court judge declared that a potential buy-out plan was completely legit on Wednesday, May 1. Update: Empire State Building IPO Battle Nearing Settlement
The much-talked about and controversial IPO of New York's Empire State Building’s court battle is all set to start on Monday, April 29 as a New York State Supreme Court judge; Justice O. Peter Sherwood may give his final verdict on a proposed IPO settlement deal. Report : US New Home Sales Rise 1.5 Percent in March
Sales of new homes in the U.S. spiked 1.5 percent in March at an annual seasonally adjusted rate of 417,000 homes. The reason for the tremendous growth has been attributed to record-low mortgage rates. Forecast: Existing Home Sales in US to Reach Record High
Sales of existing or previously occupied homes probably rose for the third straight month in March to reach the highest level since 2009. According to a survey conducted by Bloomberg on forecasts of a number of economists, it was revealed that Sales probably hit a record high in March since, November 2009, when home buyers rushed to take maximum advantage of a provisional tax credit. Blackstone Group LP Plans to Invest Extensively in Asian Real Estate Market
The famous Asset management and financial services company, Blackstone Group LP is planning to invest extensively in the Asian property market amid volatile economic conditions of the region. New York City Approves Pier 57 Renovation
New York City has approved the renovation of an abandoned West Side pier into a retail, food, art, and cultural beacon, according to a report.
