News
Green Building Trends Gaining Popularity among Business Firms, Report
Alicia Keys Sells SoHo Penthouse for $17.95 Million
Federal Reserve Seeing Banks Benefiting More Than Homeowners
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?
A 36-year-old Florida man went missing from his home after a large sinkhole sunk his bedroom on Thursday night, reported Los Angeles Times. China's New Mortgage Rules, The Latest Efforts To Cool Real Estate Market
As China's housing market displays an extreme price gap between the biggest and the smaller cities, Chinese central banks are increasing down-payment costs and interest rates for second-home mortgages, reported Bloomberg Businessweek. John Legend Buys Bigger Condo in Little Italy, New York
Grammy-award winning singer John Legend has grabbed a loft-like property for around $2.5 million in the Little Italy area of Manhattan, New York. He recently sold his East Village condo in New York for $2.6 million. His listed condo sold just within two months of its listing, that too for a cool profit of $775,000. Fashion Guru Derek Lam Lists SoHo Condo for $6 Million
The famous California based fashion designer, Derek Lam has listed his condo in the SoHo neighborhood of New York for a cool $6 million. 30-Year Fixed Mortgage Drops to Historic Low 3.51 percent
This week the average U.S. rates on fixed mortgages hit a new record low--at 3.51 percent for 30-year fixed mortgage, reported The Associated Press. UK Bedroom Tax May Drive Residents into Expensive Rentals
The U.K. “Bedroom Tax” which is slated to come into effect from April 2013 might cost the local and council housing association tenants a fortune, while also forcing them to pay more in taxes. However, following constant charges from housing associations and charities, Iain Duncan Smith, U.K. Secretary of State for Work and Pensions has been forced to review the reform. BMW to Move Distribution Center to Redlands, California
German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014. Amazon Seeking Office Space in New York
The Seattle based e-commerce retailing giant, Amazon.com is seeking office space of around 500,000 square feet in New York City. The deal would be a big jump for the company as it already owns 100,000 square feet of office space in Manhattan. Privatizing Long Island Power Authority, Can It Lower Electric Bills For Long Island Families?
Governor Cuomo wants to privatize Long Island Power Authority, LIPA, in an effort to lower electric bills for families, reported WNYC.org. Canada Mortgage and Housing Corp. Hiding From Buyers The Homes Were Foreclosures
Canada's national housing agency is being questioned on whether they're selling properties that were foreclosed, reported The Financial Post.
