Staff Reporter
The National Association of Home Builders released its blueprint for housing finance reform that it said will transition Fannie Mae and Freddie Mac into a new private-sector securitzation system. Australian Residential Sales Start Weakly In 2012
New home sales in Australia began 2012 on a weak note, a disappointing outcome given there was also a fall in December last year, according to the Housing Industry Association, the voice of Australia's residential building industry. Donald Trump Finished $150 Million Purchase of Miami Resort
Donald Trump has purchased the Doral Golf Resort and Country Club for $150 million, as is reported officially. Chinese Interest in Canadian Real Estate Is Still Strong
According to the latest news report, both Vancouver and Toronto are forecast to be this year's most popular destinations for Chinese overseas property investment. 23rd street building upward expansion?
28-46 West 23rd Street is being considered to add floors to the top of the Midtown South office building by the landlords, according to the report from New York Observer. Home Builders Announce Housing Finance System Reform Plan
The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage securitization system for single-family and multifamily conventional mortgages. Moody's Downgrades Wells Fargo Servicer Rating on Loan Performance
The deteriorating performance of certain prime and subprime loans serviced by Wells Fargo ($31.54 0.25%) prompted Moody's Investors Service to downgrade the bank's servicer ratings. European Central Bank hands out $713B in loans
In a closely watched display of its firepower, the European Central Bank on Wednesday issued to Eurozone banks another massive round of the cheap, three-year loans that have helped avert a banking crisis but have not yet revived lending to businesses and households.Banks borrowed 529.5 billion euros, equivalent to about $713 billion, compared to 489 billion euros in December. ARLA's top ten tips for Britain's growing number of first time landlords
Increasing demand for rental properties is creating a new investment opportunity for first time landlords, and 55% of lettings agents believe demand for rental property is now outstripping supply, according to the figures from the Association of Residential Letting Agents (ARLA). Multi-million dollar resort on Dubai’s World island project cancelled
A five star villa resort located on one of the man made islands on Nakheel's The World development in Dubai is set to be cancelled by the emirate's real estate regulator, it is reported. How to Raise Finance for a Property Investment
How to Raise Finance for a Property Investment？The most important think about raising finance for a property investment is not to over leverage, to do the calculations carefully, and to predict/plan for future interest rate rises. 15 Central Park West's $88 Mln Sale Closes, Setting Record
New York's condo market officially has a new champion. The record-breaking $88 million sale of a penthouse of 15 Central Park West appeared in city records Thursday, setting a new bar for the city's luxury market. overseas buyers more interest in property in Portugal
There was a surge in interest in property in Portugal in November and December with Infinito Real, a Portugal based agent, reporting year on year booked viewing figures tripling. The Month in Housing: Is February's Recovery Real?
There were signs of improvement in U.S. housing data released in February, but warmer weather could have been as much of a factor as strengthening market fundamentals, according to industry experts. Foreclosure Sales a Sign of What's to Come
Foreclosure-related sales rose in the last quarter of 2011 but fell slightly year-over-year, according to RealtyTrac's latest U.S. foreclosure sales report. U.S. Mortgage Rates Fall to 3.90 Percent
U.S. 30-year fixed rate mortgage rates fell to 3.90 percent in the week ending March 1, down from 3.95 percent in the prior week, according to Freddie Mac. In Wang Shu's Pritzker Prize, a Radical Critique of Chinese Urbanization
The Pritzker Prize jury went in a more political direction this year, awarding the prize Chinese architect Wang Shu the profession's highest honor, it deliver Fannie Mae and Bank of America's Bad Romance; Mortgage Meltdown Killed Relationship
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out. Principal reduction isn't ideal fix for foreclosures, official says
The regulator over Fannie Mae and Freddie Mac pushed back against mounting pressure that the mortgage finance giants start reducing the principal owed on troubled loans, insisting the practice could hurt taxpayers and that alternatives were better at avoiding foreclosures. Fannie Mae ask for $4.57 billion
Mortgage giant Fannie Mae today reported loss in the fourth quarter. Fannie is asing the fedral government for aout $4.57 billion aid US commercial real estate markets improving, says NAR report
All of the major commercial real estate sectors in the US are seeing improved fundamentals, but multifamily housing is becoming a landlord's market commanding bigger rent increases, the latest Commercial Real Estate Market Survey from the National Association of Realtors shows. Land & Houses board approves new property fund
A THB 3.3billion (US$109 million) property fund will be established by Thailand's Land & Houses Plc (LH). Michael Jordan Sellling Mansion for $29 Million
The former Bulls star has listed his home for $29 million. The gate leading to Jordan's house features the number 23 on it, which he wore for most of his NBA career. Buffett: House ‘Attractive Investment’
What does Warren Buffett, one of the richest men on earth and one of the greatest investors ever say about buying homes? Yesterday on CNBC's program "Squawk Box" Mr. Buffet said that if it were practical he would buy a "couple hundred thousand of them." When asked about whether buyers should get into the market Buffett said, "If I knew where I wanted to live the next 5-10 years I would get a 30 year fixed mortgage and buy a home." Cliffs Club & Hospitality Group Files for Bankruptcy
Cliffs Club & Hospitality Group Inc, subsidiary of CCHG Holdings, filed for bankruptcy protection on Tuesday. Victoria a Drag on New Year New Home Sales
New home sales began 2012 on a weak note, a disappointing outcome given there was also a fall in December last year, said the Housing Industry Association, the voice of Australia’s residential building industry Singapore mid property market goes well
Low interest rates and a healthy economic outlook are expected to keep Singapore's mass market residential property market resilient in the coming months, particularly for developments in the Outside Central Region (OCR), it is claimed. Down payment from 30% to 10% for Chinese homebuyers
At various apartment projects across the country, developers are making it possible for homebuyers to put down a 10 percent down payment for a residence rather than the usual 30 percent. The Death of Starchitecture? Critics Move to the Small Scale
A star-studded quartet of architecture critics discussed their craft on Monday night at the AIANY’s Center for Architecture in Manhattan, arguing for the vitality of buildings in modern life and the impact of criticism in a changing world. Shanghai will ease property restriction on second homes
China's financial centre Shanghai has eased home purchase restrictions to allow a broader pool of buyers to purchase a second property.
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?
