Investing

Fannie Mae Selling Mortgage Bonds Worth $1 Billion

U.S. Mortgage financier, Fannie Mae is reportedly planning to sell mortgage bonds worth $1 billion in an upcoming private auction slated to be held on Thursday, July 11. The lender will be selling these bonds without any involvement or backing from the government, according to several media reports.

US Office Property Market Growth Slow; Vacancy Rate Stagnant

U.S. property market growth remained sluggish in the second quarter of 2013 with rents climbing little and vacancy rates remaining stagnant. The slow growth is attributed to the lack of improvement in the government employment sector of the country, according to several media reports.

Vacancies in the US Retail Sector Lowest in 4 Years

Vacancies in the retail sector of the U.S. fell to its lowest in four years in the wake of a rebounding economy and commercial property market. Average vacancy rates fell to 10.5 percent, the lowest in more than the past three years, according to The Wall Street Journal.