Investing
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Housing Market Recovery: What's Different This Time?
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 Buyout bid of American Realty Capital Properties to take over Cole Credit Property Trust is now seeing some improvements. Cole Credit will be considering the increased and improved takeover offer worth $6.7 billion.Additionally, shareholders of Cole Credit have filed a lawsuit against the company seeking to block the Cole Holdings internal Merger. Fixed-Rate Mortgages on New Rising Spree
While remaining close to its historic lows, the average rate on fixed mortgages increased this week, Freddie Mac announced Thursday. Update: American Realty Increases Buying Bid for Cole Credit
American Realty Capital Properties has increased its bid to buy Cole Credit Properties to $6.7 billion from its initial $5.7 billion offer. The new amount adds up to around $9.7 billion, inclusive of debts. "Another Housing Bubble?" Home Price Spike Fuels Analysts' Concern
As the housing prices continue their skyrocketing, with recent numbers showing it at a 5-year high, analysts are beginning to wonder: “Is this another real estate bubble?” Lenders Lowering Standards for Credit Concession, Study
According to an analytical study, lenders seem to be lowering the standards when it comes to credit concession. Low Housing Inventory Renders Pending Home Sales Flat
Data from the National Association of Realtors reveals that new contracts signed for homes remained flat in February – a indicator that the market is picking up competitiveness. Chinese Real Estate Investors Continue to Invest Outside the Country
Shanghai-based Greenland Group is building a residential and hotel development in Sydney while another Chinese developer, China Vanke, is building a project in San Francisco, as the country's real estate investors continue to invest heavily outside of China, according to the Wall Street Journal. Mortgage Lending Capacity Lag Slows Housing Recovery
Though things are certainly improving, the housing market is not out of the woods quite yet. And the fact that there aren't enough homes to buy is not everything. Update: Empire State Building IPO Deadline Delayed
The much-talked about and controversial IPO voting of New York’s Empire State Building has been delayed beyond next week as a number of investors are still against the plan. Malkin Holdings agreed to move the final voting date to April 8 from the initially scheduled March 25. The extension was made in order to allow the Supreme Court to analyze on the prospective of buying out the opposing investors for $100. Update: Cole Credit Trust Refuses American Realty’s $5.7 Billion Acquisition Offer
Cole Credit Properties Trust Inc has declined the $5.7 billion acquisition offer that American Realty Capital Properties had offered. The company has rejected the bid stating that the offer was not in the best interests of its shareholders and it would pursue buying Cole Holdings Corp.
