Investing

U.S. Mortgage Rates Drop to Record Low of 3.87 Percent

U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie Mac.

James Cameron Buys Land in New Zealand

James Cameron just might be looking for a more simple life. James Cameron just might be looking for a more simple life. . . in New Zealand. The director of hit movies such as "Titanic" and "Avatar" has gotten a stamp of approval from the country's Overseas Investment Office to purchase 2,636 acres of farmland, according to a report from The Associated Press.

US property prices fell 4.7% nationwide in 2011, latest data shows

Residential property prices in the United States fell by 4.7% in 2011 compared with 201, the fifth consecutive yearly decrease, the latest index from Core Logic shows.
EDITOR'S PICKS
  • Extell Buys Two Manhattan Development Sites for $39 Million
    Extell Development Co., one of the most active builders in Manhattan, has purchased two development sites for a combined $39 million, according to city records.
    By Staff Reporter
  • Lehman Increases Archstone Stake by $1.3 Billion, Blocking Equity Residential
    The estate of Lehman Brothers paid $1.33 billion to become majority owner of Archstone, a multifamily landlord of more than 70,000 U.S. apartments, successfully blocking a rival bidder.
    By Staff Reporter
  • Mort Zuckerman is Bullish on Cities
    Mort Zuckerman, the venerable real estate developer and media mogul, has a taste for urbanism. He attributed the strong fourth quarter and 2011 for his real estate investment trust Boston Properties, Inc. (NYSE:BXP) to its focus on major cities.
    By Staff Reporter
  • Thriving property market in Seychelles
    Property research firm, www.globalpropertyguide.com has featured the possibilities of investing in the thriving property market of Seychelles. Blessed by nature, the Seychelles is an archipelago of 115 islands with superb beaches, an unspoiled landscape, virgin forest, amazing marine life, lots of orchids, bougainvilleas, hibiscuses, gardenias and frangipani, and a profusion of bird species found nowhere else. It is 1,600 km off the coast of East Africa, with a population of only 81,000.
    By Staff Reporter