Staff Reporter
London landlords are renting out everything from vacant stores to empty sports fields, rooftops and even an abandoned quarry to cash in on the tight supply of space in the UK capital during the Olympic Games this summer. Amazon, Google lead rush for new web real estate
An unprecedented land grab for new Web addresses began in earnest on Wednesday with fierce competition for new internet real estate including .app, .blog and .web from applicants hoping to break the near-monopoly of the .com top-level domain. Gramercy Capital says to remain independent; names CEO
Gramercy Capital Corp said it plans to remain independent and expects to raise additional capital in the future, sending its shares down more than 11 percent. Zillow rolls out zPro for real estate brokers
Property search and valuation site Zillow announced Wednesday the beta launch of a program designed to provide greater visibility to listing agents, boost listing accuracy, and offer better lead management options. Real estate top generator of economic activity in 8 markets in 2010
Real estate generated more than 20 percent of all economic activity in eight markets in 2010, according to an On Numbers analysis of gross metropolitan product (GMP) data. Canadian house prices down 2 Pct
Canadian house prices are down nearly two percent from the same time a year ago when adjusted for inflation as stricter borrowing rules and fading demand cool the market, according to a new Scotiabank real estate report released Wednesday. OECD: Canadian real estate a risk to economy
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. Sandra Bullock lists Austin home for sale
Oscar winning actress Sandra Bullock has put her 3-bedroom house in Austin, Texas up for sale for a cool $2.5 million. Report: Wells Fargo seeks larger chunk of mortgage market
Wells Fargo & Co. is pushing its mortgage unit to increase its share of the U.S. home lending market to 40 percent, according to a report. BlackRock appoints new CIO to real estate securities team
BlackRock Inc., the world’s largest money manager announced on Tuesday the appointment of Sherry Rexroad as chief investment officer for its newly launched global real estate securities team, effective immediately. Pa. lawmakers want mortgage settlement for mortgage aid
Pennsylvania's House of Representatives has voted unanimously on Tuesday, passing a state Senate bill that will use all funds from the National Mortgage Settlement to aid homeowners at risk of foreclosure. Taxpayers, bondholders foot the bill for Spanish bank speculation
Spain has just pulled off one of the biggest con tricks in Eurozone history, aided and abetted by Germany. Blackstone appoints new adviser for investment in Spain and Portugal
Blackstone Group LP, the world’s largest private-equity firm, announced Tuesday that the former head of head of Lehman Brothers Holdings Inc.’s Spanish and Portuguese businesses, Claudio Boada, will become their senior adviser. Alexandria Real Estate Equities raises quarterly dividend 4 Pct
Alexandria Real Estate Equities, Inc. declared on Tuesday a quarterly dividend of $0.51 per share, or $2.04 annualized. Home prices dampen American wealth
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. Atlanta home prices continues 5 year down streak
Home prices in metro Atlanta hit another post-recession low for the fifth year in a row, according The Atlanta Journal-Constitution’s yearly analysis of home prices and sales. Home prices up in may in Washington
Real estate in Washington had a good month in May, rising 11 percent from a year ago, showing an upturn in the area, according to a report. Federal Reserve: Weak house prices causes U.S. family wealth to tumble
The true cost of the 2007 recession has been tallied. According to a report by the Federal Reserve released on Monday, the typical American family lost nearly 40 percent of its wealth from 2007 to 2010, the lowest since the early 1990s. Stolen Picasso recovered after mansion invasion party
Police have found a Pablo Picasso lithograph that was stolen by teenagers from the northern California mansion of imprisoned former Ukranian Prime Minister Pavlo Lazarenko. Versace's mansion on market for $125 million
The gorgeous home of the late Italian fashion designer Gianni Versace is on the market for a whopping $125 Million, setting the record for the most expensive residential listing in Miami history. More foreigners buying up U.S. real estate, up 9 Pct YTD
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. Mortgage rates drop making home affordability possible
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 3.91 percent, lowest rate in history for 80 percent loan-to-value ratio loans, according to a report from the Mortgage Bankers Association. Luxury home sales lead the way in Colorodo
Colorado’s real estate market is poised for a rebound as prices are stabilizing especially in luxury single family homes. FHA mortgage to become more afforadable
As of Monday, June 11, refinancing FHA mortgages through the government's streamline program will become more affordable in New York. Poll: Now is a good time to buy real estate despite economy
A recent survey has found that a large majority of respondents prefer to buy real estate in the current dismal state of the economy. S&P takes rating action in two landmark mortgage securities deals
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. Former Yahoo! President selling Napa estate
Former Yahoo! president and COO Jeff Mallett listed his Vineyard Knolls in Napa Valley, California for $17.5 million. Low fixed mortgage rates continue
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. Halifax: U.K. house prices rise 0.5 Pct in May
House prices in the U.K. rose by 0.5 percent in May, rebounding from a 2.3 percent decline in April, according to recent figures released by mortgage lender Halifax showed on Thursday. Australia's recent rate cuts not aimed house prices
Australian Reserve Bank of Australia (RBA) Governor Glenn Stevens said Friday that recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices.
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?
