News

Over 30 Pct of US homeowners with mortgages are underwater

In the face of rising home prices, over 30 percent of borrowers, or close to 16 million homeowners, were underwater on their mortgage payment during the first quarter of 2012, according to Zillow.

Canada home prices rise 5.2 pct in April: CREA

Canadian home prices climbed 5.2 percent in April from a year earlier, boosted by strong gains in the Toronto market as well as increases in Vancouver and Calgary, the Canadian Real Estate Association (CREA) said on Friday.

Asia private equity funds line up dollars for Myanmar

Hong Kong's Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted.