Finance & Mortgage

China’s New Home Prices Continue to Rise, Posing Difficulties for Government

New Home prices in China have posted a large and continuous growth since December 2011. Prices increased by 2.1 percent in Feb, 2013 from a year earlier while posting a 1.1 percent increase from a month earlier. The continuing trend is posing a major challenge for the government to avoid an asset bubble.

Empire State Building Gains Broad Support for IPO; Small Group of Investors Still Opposing

New York’s legendary Empire State Building is reportedly inching closer to its proposed IPO. Malkin Holdings LLC, the company that controls the building, declared that they have garnered three quarters of favorable votes from the building’s shareholders who have voted so far. However a small group of investors have been opposing the plan.

U.S. Home Foreclosures Record Sharp Drop in February ; Foreclosure Starts Spike 10 percent

Home foreclosures in the U.S. witnessed a sharp drop in the month of February 2013, further pointing at the resurgent housing market. However, the number of foreclosure starts/initial filings were up 10 percent in February when compared to the rates of January.
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