Staff Reporter
Private equity firm Oaktree Capital Management kicks off an estimated $2.2 billion of U.S. initial public offerings next week, the busiest flurry of offerings this year. Top 10 Cities Of Geopolitical Importance That Will Lead The World [PHOTOS]
The Knight Frank "Wealth Report 2012" has predicted which cities will lead the world in 2050, in terms of geopolitical power and importance. Decline of Prime Property Prices in Scotland Coming to An End
The price of prime properties in Scotland fell by 0.4% in the first quarter of 2012, slightly lower than the 1.3£ decline seen in the last three months of 2011, according to new figures published today (Monday 09 April). Dubai Land Department to Auction Foreclosed Properties
Up to 80 properties in Dubai are set to be sold by the Dubai Land Department (DLD) this year as banks move to take action to recoup losses from home owners in mortgage default. Housing Secretary Pushes Mortgage Write-downs
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief. More Americans Win Mortgage Loan Modifications
The U.S. Treasury Department said on Friday that the number of active permanent mortgage loan modifications agreed to by banks rose 13,836 during February to 782,609 by the end of the month. US Strip-Mall Vacancy Falls 1st Time in 7 Years
The average vacancy rate at U.S. strip malls fell for the first time in nearly seven years in the first quarter and rents inched up, but it is too early to call a rebound for a sector battered by the housing bust and recession, a report by Reis Inc showed. China Drought 2012: Three-Year-Long Dry Land Pictures
The drought in Yunnan province in the Southwest has already affected more than 6.3 million people, and marks a new high in China's environmental troubles Texas Tornado 2012: Flight Cancellations Continue at DFW Airport
Hundreds more American Airlines flights were canceled on Friday at Dallas-Fort Worth International Airport in the wake of Tuesday's powerful tornado-riddled storm. Easter 2012: Beautiful Easter Eggs to Decorate Your House ?[SLIDESHOW]
Check out photos of beautifully designed eggs from across the world Christians around the world are preparing for one their more colourful holidays. . . In Tatas' Footsteps: Sahara Group to Snap Up NY's Iconic Plaza Hotel
It seems Indian business conglomerates are increasingly getting smitten by iconic brands and landmarks across the globe. Buyers Who Can’t Afford High London Prices Looking Further Afield
Buyers who can no longer afford the steep prices of property in London are increasingly moving outwards and seeking new homes in the surrounding counties, the Cotswolds and even further afield. Reforms to Encourage More Private Investment in UK Social Housing
Moves to encourage more private investment in social housing through Real Estate Investment Trusts have been announced by ministers in the UK. Property Asking Prices in New Zealand Reach Record Levels
The message coming from the property market in New Zealand is that buyers are out and about and keen to get into the market, whether they are first time buyers, mid life stage buyers or even investors, according to the March 2012 NZ Property Report. Manhattan Office Property Rents Rising
Manhattan Office Property Rents Rising Manhattan Office Property Rents Rising Office rents in Manhattan are increasing again with the average asking rent reaching $58. Wyoming Town - Population 1 - Sells For $900,000 to Vietnamese Buyer
The town of Buford, Wyoming - population 1 - was sold for $900,000 to an unidentified buyer from Vietnam on Thursday after an 11-minute Internet auction that attracted worldwide interest. Fed Rules on Turning Foreclosures into Rentals
The Federal Reserve took steps to encourage banks to turn more of their foreclosed homes into rental properties in new policy guidelines issued on Thursday that could help lessen the flood of distressed property sales that is depressing prices. Federal Judge Approves $25 Billion Mortgage Pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents. For $26.7M In Hong Kong Auction: Not a Property but a 900-Year-Old Dish
A 900-year-old Chinese ceramic dish from the era of the Song dynasty sold for $26.7 million at an auction in Hong Kong. Ukrainian Billionaire Takes Over 14 Wall Street
Ukrainian billionaire Alex Rovt has stepped in to pay off the loans on landmark office building 14 Wall Street, leaving former co-owner Capstone Equities as manager and leasing agent and former co-owner Carlyle Group LP out of the deal, a source familiar with the deal said on Thursday. The Rudest (And Friendliest) Nations For Travelers
How did your countrymen fare? Travel search site Skyscanner. com surveyed its users to find the world's rudest nations for travelers and the results are unlikely to surprise you. Morgan Stanley CEO Took Home $13 Mln in 2011
Morgan Stanley Chief Executive James Gorman took home compensation totaling $13 million in 2011, down 14.5 percent from 2010, in contrast to the increases enjoyed by other big Wall Street CEOs. U.S. Mortgage Rates Ticks Down To 3.98%: Freddie Mac
U.S. 30-year fixed-rate mortgages declined slightly to 3.98 percent in the week ending April 5 as recent economic indicators were mixed, mortgage finance giant Freddie Mac said Thursday. Marlins’ New Stadium, Courtesy of Taxpayers
Marlins’ New Stadium, Courtesy of Taxpayers Kevin Grey of Reuters wrote a delightful piece describing the opening of the the new home of the Miami Marlins. Signs of Improvement in US Property Market as Nationwide Prices Rise 0.7%
U.S. residential property prices, excluding distressed sales, increased 0.7% in February compared to the previous month, according to the latest report of Home Price Index from CoreLogic. Buy Your Own Zip Code: Towns For Sale in Montana, Wyoming
Buford, Wyoming, the nation's smallest town, will lose its long-time - and only - resident on Thursday when the outpost along Interstate 80 is auctioned off to the highest bidder. Property Outlook For Spain More Rosy as Price Decline Slows
It looks like sellers and their agents are pricing more realistically as asking prices of Spanish property continue to show a small but consistent decline quarter on quarter, according to new figures. Most Canadians Plan No Home Buying in Next 2 yrs-RBC
A growing majority of Canadians do not intend to buy a house in the next two years, even with mortgage rates near record lows, according to a Royal Bank of Canada survey released on Thursday. Home prices slip again in Feb: CoreLogic
U.S. home prices fell again in February, but prices excluding distressed sales managed a gain, signaling stabilization for the battered sector, a report from a data analysis firm showed on Wednesday. China Vanke's March Property Sales Up 24%
China Vanke, the country's largest real estate developer by sales, posted on Thursday its second monthly sales rise in a row, with March sales hitting 11.5 billion yuan ($1.83 billion), up 23.5 percent on the same month last year.
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?
