Finance & Mortgage
The Effects of Government Curbs on Hong Kong’s Real Estate Market
Singapore Introduces New Home Loan Regulations
Thomson Reuters Launches Two New Investable Real Estate Indices in Asia Pacific Region
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?
Mortgage rates in the U.S. fell slightly after inching up for the past two months. However, experts believe that the fall is only brief and rates will surge depending upon the Federal Reserve’s decision to cut down its bond purchasing scheme, according to several media reports. Speculation on Fannie Mae and Freddie Mac’s Future Continues
The American administration has been speculating the future of two famous government-backed mortgage lenders, Fannie Mae and Freddie Mac since 2011. Though the pace at which decisions about the two entities are being made is slow, the government is diligently working on various proposals to determine a new future for the now-profitable lending giants. UK Commercial Property Values Jump in May Ending 18-month Lag
Commercial property values rose in the U.K. in May marking the end of an 18-month lag in the sector, according to a property index of Investment Property Data, a real estate intelligence firm. US Home Foreclosures Up 11 Percent in May
Foreclosure activity in the U.S. hiked to reach 11 percent in May, up 2 percent from the figures of April but still down 29 percent from the figures recorded a year ago, according to the data released by real estate intelligence firm, RealtyTrac.com. Home Prices Spike 9.2 Percent in Dubai, Knight Frank Report
A recent study conducted by famous real estate intelligence firm, Knight Frank found that property prices had spiked 9.2 percent in Dubai in the first quarter of 2013, making it the second-best performing real estate market in the world. Mongolian Central Bank Halving Mortgage Interest Rates
The Central Bank of Mongolia will slash down mortgage interest rates almost by half to 8 percent from the existing 15 percent in order to support and substantiate growth in the middle-class sector of the country. The rates are expected to come into effect by June 17. Carlyle Group LP Planning to Raise $4 Billion for Seventh Real Estate Fund
Carlyle Group LP, the famous American private equity firm is reportedly planning to raise $4 billion for its seventh real estate fund. The target, if achieved, would make it the firm’s largest property fund since the financial crisis. U.S. April Construction Spending Increases
Construction spending in the U.S. increased a little in April on the improved building activity in the private non-residential sector, according to a report analyzed by the Associated General Contractors of America. Gen Y Prefers Energy Efficient Homes
In a recent consumer preference survey conducted by the National Association of Home Builders (NAHB) it was revealed that if given a chance to own a home, the Gen Y of America would prefer to own a super-energy-efficient home. Rise in Mortgage Rates Deprives Home Owners of Benefits of Refinance
The rise in mortgage rates over the last few weeks had deprived homeowners the chance to enjoy a refinance and discouraged new home buyers too, just on the onset of many of them gaining equity in their homes and finally becoming eligible for a refinance.
