Rising real-estate prices in Canada is causing risks to the world’s 10th-largest economy, according to a report released by the Organization for Economic Cooperation and Development on Wednesday.
Americans suffered a record decline in wealth due to the recession between 2007 and 2010 as home values dropped to record lows, according to a Federal Reserve report released on Monday that detailed the extent of the recession.
More and more foreigners are purchasing real estate in the U.S. due to a six-year drop in housing prices along with rising value of some foreign currencies, according to a survey released Monday.
Standard & Poor's Ratings Services today took various credit rating actions in Landmark Mortgage Securities No.1 PLC and in Landmark Mortgage Securities No. 2 PLC.
Average fixed mortgage rates fell to an all-time new record low for the sixth consecutive week amid weak economic and job data, according to Freddie Mac’s Primary Mortgage Market Survey.
Household debt fell at a 0.4 percent annual rate in the first quarter of 2012 and household wealth increased by $2.8 trillion, the Federal Reserve said on Thursday.
Canadian real-estate investment trusts are set to outperform their U.S. peers largely due to the country’s strong economic fundamentals and the real estate sector’s more solid outlook, according to analyst reports.
Strong portfolios and benign funding conditions in the relatively low-geared segment of European real estate make for a stable ratings outlook among rated real estate investment trusts (REITs) and developers in the region. What's more, these factors should support the creditworthiness of issuers in this industry through 2012, says a report published earlier today titled "Rising Debt Costs And Investment Pipeline Uncertainties Threaten Stability Of European Real Estate Sector."
The value of hotel deals for the first five months of 2012 came to $5.1 billion, down from $6.4 billion a year earlier, research from Jones Lang LaSalle Hotels indicated as attendees at a New York hospitality industry conference said they expected more hotel transactions this year.