News

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.

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.

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.
EDITOR'S PICKS
  • Analysis: Surveys vie to capture the Chinese consumer
    Fashion-conscious Shanghainese Xing Chunhui spends her weekend window shopping, pausing for meals or tea with friends, before going online to see if she can get the same clothes cheaper.
    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
  • Inside "The Bachelorette" home
    For seven seasons, the first episode of ABC's The Bachelorette was filmed in Villa de la Vina, a Spanish-style estate in Los Angeles. But for season eight, which premiered on May 14, 2012, production of the show moved across the country to a European-style mansion in Charlotte, N.C. -- the hometown of this season's bachelorette, Emily Maynard.
    By Staff Reporter
  • Lloyds Bank sells Australian real estate loans
    Lloyds Banking Group Plc announced Wednesday it is selling a portfolio of Australian corporate real estate loans worth £809 million ($1.25 billion) to AET SPV Management Pty Ltd. for about £388 million cash.
    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
  • Fannie Mae announces new CEO
    Fannie Mae, the largest provider of mortgage money in the United States, on Tuesday appointed its general counsel, Timothy Mayopoulos, as chief executive.
    By Staff Reporter
  • German real estate funds plan liquidation
    German real-estate funds which are under pressure from investors are planning to liquidate about €20 billion ($25 billion) in assets, a move that could put pressure on property values in markets throughout Europe.
    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
  • SEC: Apollo Global Management management shake up
    The global head of real estate at private-equity firm Apollo Global Management LLC, Joseph Azrack, may retreat from the head role to chairman next year, according to an SEC report.
    By Staff Reporter
  • More hotel deals expected in 2012
    The value of hotel deals for the first five months of 2012 came to $5.1 billion, down from $6.4 billion a year earlier, research from Jones Lang LaSalle Hotels indicated as attendees at a New York hospitality industry conference said they expected more hotel transactions this year.
    By Staff Reporter