Investing

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.