Finance & Mortgage
'Piggyback' Mortgages Return on Record Low Home Loan Rates
Report : US New Home Sales Rise 1.5 Percent in March
Update: US Existing Home Sales Drop Unexpectedly in March
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?
Sales of existing or previously occupied homes probably rose for the third straight month in March to reach the highest level since 2009. According to a survey conducted by Bloomberg on forecasts of a number of economists, it was revealed that Sales probably hit a record high in March since, November 2009, when home buyers rushed to take maximum advantage of a provisional tax credit. Blackstone Group LP Plans to Invest Extensively in Asian Real Estate Market
The famous Asset management and financial services company, Blackstone Group LP is planning to invest extensively in the Asian property market amid volatile economic conditions of the region. Rising Prices of Construction Material Slowing Builders' Confidence, NAHB Report
Building sentiment among construction firms and major builders shed two points from March to fall to 42 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), continuing the downtrend since February 2013. The constant decline has been attributed to the rising construction material prices. Housing Recovery Fueled by Big Wall Street Buyers
February saw house prices soar 10.2%, the biggest monthly jump since March 2006. February saw house prices soar 10. 2%, the biggest monthly jump since March 2006. Mitsubishi UFJ to Acquire US Property Loans of Deutsche Bank worth $3.7 Billion
Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG) is in advanced talks with Deutsche Bank to purchase U.S. property related loans worth around $3.7 billion from its real estate unit, PB Capital Corp. Update: Cole Credit Rejects American Realty’s Revised Offer
The bidding battle for Cole Credit Property Trust III has finally come to an end, albeit negatively for American Realty Capital Properties (ARCP). Cole Credit has declined American Realty’s buyout offer, stating that their offer undervalued the company and also adds up to ‘unsustainable’ amounts of debt. After declining the offer, Cole Credit purchased its sponsor, Cole Holdings, Saturday, April 6. Fictional Hogwarts Castle Value Estimated at $204 Million
Harry Potter Fans, hold on to your real estate “Thestrals” because Hogwarts just got a brick and mortar value estimate. The famed fictional school of witchcraft and wizardry, if made real, would most likely fetch, around $204,102,000! Number of Improving Housing Markets Remains Unchanged in April, NAHB Report
A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving housing markets in the U.S. remained unchanged in April. U.S. Apartment Rent Prices Rise Moderately As Construction Picks Up
U.S. apartment rent prices continued to rise in the first quarter, but new signs of a coming wave of construction will further restrict landlords' ability to raise rates, real-estate research firm Reis Inc. said on Wednesday. Whirlpool Stock Up Following Housing Market Improvements
Whirlpool stock has more than doubled since last June and on Friday the S&P raised its credit rating on the appliance-maker to "BBB" citing improvements in the housing market and overall economy.
