Investing
ING Group Selling $2 Billion in Mortgage Bonds from ING Australia Bank, Australia's Fifth Largest Mortgage Lender
Otak, Inc. Launching International Business Consulting and Real Estate Firm
Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
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?
The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively. Foreign Investors Jumping into US Rental Market
As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors. China restates plan to extend property tax programme to new cities
China's cabinet on Wednesday restated its intention to extend a pilot property tax programme to more cities and urged local authorities again to put price control targets on new homes, in the latest effort to calm frothy real estate markets. JPMorgan Chase To Sell Melbourne Mortgage Banking Program
JPMorgan Chase announced it will sell Melbourne mortgage banking, reported Florida Today. JPMorgan Chase announced it will sell Melbourne mortgage banking, reported Florida Today. Canada's H&R Real Estate Investment Trust Oversold During Trade
Canada's H&R Real Estate Investment Trust Oversold During Trade H&R Real Estate Investment Trust, H&R REIT, was oversold during trading on Tuesday, Forbes reported. InterContinental Hotels Posts 11 percent Profit Led by China and US
InterContinental Hotel Group (IHG), the world’s largest hotel group by room count, recently declared its Operating profit results of 2012. The company announced that it had accounted a 10 percent actual operating profit throughout the year. Major contributors to the profits were its growing operations in China, America and Europe. Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom. China Vanke Enters US Markets with Tishman Speyer Deal
China Vanke Company, the largest property developer of China, has entered the U.S. market with a partnership deal to build a residential complex in San Francisco, California. The venture marks Vanke’s first entry into the real estate market of U.S. Ernst & Young Report Finds Russia Better For Real Estate Investment Than Europe
Today, investors are saying Russia is a better real estate investment than Europe, according to Forbes.com. Abu Dhabi Investment Authority Buying 42 Marriott Hotels
The Abu Dhabi Investment Authority (ADIA) will be buying around 42 Marriott International hotels that are controlled by the Royal Bank of Scotland (RBS). The AIDA might pay around $992 million for the hotels.
