Finance & Mortgage
U.S. Real Estate Market 2014: The Good, the Bad and the ‘Question’
U.S. New Home Sales Post Modest Drop in November but Mapping Steady Growth
Lower Home Affordability Driving Rate of Homelessness in U.S.: Study
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?
Fannie Mae and Freddie Mac, the two government backed mortgage lending giants have announced that they will be raising loan guarantee fees by an average of 10 points or one-tenth of a percent starting March 2014, according to several news reports. The move comes in an effort to allow private lenders compete in the housing loan market. U.S. Home Sales Fell in October on Limited Supply, High Mortgage Rates and Partial Govt. Shut-Down
Sales of existing homes in the U.S. fell 3.2 percent on a month on month basis due to a tight inventory supply, high mortgage rates and the 16-day partial government shutdown, according to a latest report by the National Association of Realtors. U.S. Housing Affordability Declines as Mortgage Rates and Home Prices Spike: NAHB
According to a recent report by the National Association of the Home Builders (NAHB), housing affordability declined across the U.S. in the third quarter of 2013 as home prices soared and interest rates jumped. Dish Closing Down 300 Blockbuster LLC Stores Across US
Dish Network Corp. is reportedly pulling the shutter on the 300 remaining stores of its subsidiary home entertainment giant, Blockbuster LLC. It announced in an official statement Wednesday that the outlets will be shut down by January 2014. ‘Transformer 4’ Director, Michael Bay Attacked on Hong Kong Sets by Shopkeeper Demanding Rent for Space Invasion and Disturbance
A latest incident might be a reflection of the growing frustration of shop owners in Hong Kong on the rising property costs in the area. Michael Bay, the director of the upcoming sequel to sci-fi flick ‘Transformer 4’ was attacked by a shop keeper on the sets of the movie, according to several news reports. Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share
The Empire State Realty Trust (ESRT) debuted on the New York Stock Exchange Wednesday, raising $929.5 million in its Initial Public Offering (IPO) pricing 71.5 million shares at $13 per unit, according to several news reports. The IPO under-performed, gaining only a modest 3 percent in early trading. Indiana Regional MLS: One of the Latest to Join League of Listing Websites
Indiana-based realtors have teamed up to form the Indiana Regional MLS which will help agents and buyers alike in their real estate endeavours. The state-focussed multiple listing service will not only eliminate costs for agents but will also ensure complete listing data accuracy and access, according to some news reports. Empire State Building REIT Seeking up to $1.07 Billion in IPO; To Debut October 1
Empire State Realty Trust Inc, the real estate investment trust that snaked its way through various controversies is all set to launch October 1. It plans to launch an Initial Public Offering (IPO) of 71.5 million shares at $15 to $13 a share, seeking up to $1.07 in its debut offering, according to a regulatory filing Thursday. Home Prices in China Continue to Rise in July despite Government Curbs
Home prices continued to rise in most major cities of China despite the stringent property curbs imposed by the government in the recent past. Prices rose in 69 of 70 major cities marking the strongest annual gains, according to several media reports. More American Homes Sold through Complete Cash Transactions: Goldman Sachs Survey
Almost all homes that sold in 2012 and in the first half of 2013 were financed by all-cash transactions, a new survey by financial firm Goldman Sachs Group found.
