Finance & Mortgage

Cities struggle with blighted bank-owned homes

The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming.

Rent up in May in U.S.

Rents have gone up across the U.S. in May, according to a report released Thursday by Trulia, online residential real estate site.

Spain home prices may drop 52 pct

Home prices in Spain may decline as much as 52 percent due to economic stress, according to Moody’s Investors Service.

EDITOR'S PICKS

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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?

Mortgage rates reach record low

Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week as concerns over slowing job growth pushed investors into the safety of government bonds that guide interest costs.
By Staff Reporter
U.S. home prices up in April

Home prices rose in April offering a glimmer of hope for the U.S. housing market, data analysis firm CoreLogic said on Tuesday.
By Staff Reporter
Canadian REITs set to outperform the U.S.

Canadian real-estate investment trusts are set to outperform their U.S. peers largely due to the country’s strong economic fundamentals and the real estate sector’s more solid outlook, according to analyst reports.
By Staff Reporter
S&P report looks at credit quality in European real estate

Strong portfolios and benign funding conditions in the relatively low-geared segment of European real estate make for a stable ratings outlook among rated real estate investment trusts (REITs) and developers in the region. What's more, these factors should support the creditworthiness of issuers in this industry through 2012, says a report published earlier today titled "Rising Debt Costs And Investment Pipeline Uncertainties Threaten Stability Of European Real Estate Sector."
By Staff Reporter
China's Housing Minister emphasizes property cooling policy

China's main real estate regulator said it will maintain current restrictions on property sales, according to a report in Xinhua news on Tuesday.
By Staff Reporter
Same-sex spouses may face financial tangles in the U.S.

Christel de Vries, a Dutch outsourcing manager for Accenture, sealed her love for her female partner twice, once in 2001 in Amsterdam under Dutch law and again in 2007 in a civil union in New Jersey. Yet under U.S. federal law, she isn't married — and that is creating obstacles in her divorce.
By Staff Reporter
Real estate confidence grows, two-thirds of buyers open to foreclosures

Confidence in the real estate market continues to grow in 2011, according to a recent study by a recent study by Realtor.com.
By Staff Reporter
China housing prices down for ninth consecutive month

Housing prices in 100 surveyed Chinese cities fell 0.31 percent in May from April for the ninth straight month, according to data from the China Index Academy.
By Staff Reporter
France plans to limit rent hikes

In a bid to uphold his election campaign promises, French President Francois Hollande is preparing a decree that may limit rent increases.
By Staff Reporter
Asian real estate market cooling

Real estate markets across Asia are cooling, according to a recent study by real-estate firm Knight Frank.
By Staff Reporter