Thursday, 15 May 2025

News

Dubai Nakheel reports $98.6 Mln profit in first quarter

Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs.

"Flip This": foreclosed homes attract investors

At the height of the housing bubble, the practice of "flipping" homes - buying them for cheap, fixing them up and reselling them for a quick profit - was popular enough to inspire its own TV show.

TEXT-S&P Summary: Evergrande Real Estate Group Ltd.

The rating on Evergrande Real Estate Group Ltd. reflects the company's aggressive growth appetite, debt-funded expansion, short operating and financial management track record as a large-scale developer, and weak corporate governance history. Evergrande's high-volume and large-project-size business model could expose the company to execution risk in small markets. The company's large, low-cost, and geographically diversified land bank, competitively priced products, and good execution because...

EDITOR'S PICKS

TEXT-S&P cuts Swedish Stena AB to 'BB'; outlook stable

The expected improvement predominantly reflects the last drilling ship that will begin operating in the second quarter, and the LNG vessels that will contribute through the full year. We anticipate some modest improvement in the group's ratio of adjusted FFO to debt in 2013.
By Staff Reporter
Real estate firm Africa Israel reports dip in profit

Israeli real estate developer Africa Israel Investments reported a drop in first-quarter net profit as a result of a drop in financing income and higher tax expenses.
By Staff Reporter
Cities where houses sell the fastest in the U.S.

As home sales pick up, it is clear that a significant number of homes purchased in today’s market are bought by investors looking to generate rental income, according to the National Association of Realtors.
By Staff Reporter
Survey: Now is best time to buy real estate

Now is the best time to buy real estate despite uncertainty in the US market, according to a new Housing Predictor survey.
By Staff Reporter
Real estate tax bills not accepted at all banks: report

Franklin County Treasurer John Gulley has announced that due to reasons beyond his control, Bank of America in Benton and West Frankfort will be unable to accept real estate tax payments this year.
By Staff Reporter
Brazil's thriving housing market might not last forever

Brazil's real estate market has been thriving over these last years, but economists believe the current growth may not be sustainable.
By Staff Reporter
New home sales rise 3.3 PCT in April

Purchases of brand new, single-family homes rose by 3.3 percent in April, according to data released Wednesday from HUD and the U.S. Census Bureau.
By Staff Reporter
Pending home sales unexpectedly dip in April

The number of Americans signing contracts to purchase previously owned homes fell in April to a four-month low, indicating the U.S. housing recovery remains uneven, according to a report released Wednesday.
By Staff Reporter
Pending home sales post surprise fall in April

Contracts to purchase previously owned U.S. homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom.
By Staff Reporter
Four new ways to curb your market enthusiasm

It's already shaping up to be a summer of discontent for investors, so it's time to manage your expectations. To a global investor, there are conflicting signals everywhere: Although the U.S. economy continues to chug along like a tugboat, the "fiscal cliff" of massive tax increases and budget cuts still looms at the end of the year. Then there is the euro zone opera with the fat lady singing in Greece, Spain and elsewhere.
By Staff Reporter