Saturday, 18 May 2024

Tag: US real Estate Market

'US Mortgage Rates Drop for the First Time in Five Weeks; Housing recovery Decelerating

Average mortgage rates in the U.S. went down for the first time in five weeks after rising continuously since May. The rates have declined in the wake of a slowing housing recovery, according to several news reports.

'More American Homes Sold through Complete Cash Transactions: Goldman Sachs Survey

Almost all homes that sold in 2012 and in the first half of 2013 were financed by all-cash transactions, a new survey by financial firm Goldman Sachs Group found.

'Blackstone Buying Multifamily Residential Portfolio from General Electric for $2.7 Billion

Blackstone Group LP has reportedly agreed to purchase a large multifamily residential portfolio from General Electric’s financial arm for a deal worth $2.7 billion. Blackstone will be acquiring about 80 apartment buildings from GE in an effort to maximize its presence in the U.S. residential property market, according to several media reports.

EDITOR'S PICKS

'President Obama Pitches Plans to Support US Housing Recovery; Overhaul Mortgage and Lending Market (VIDEO)

U.S. President Barack Obama pitched some new mortgage and lending plans to the public in his economic speech Tuesday at Dobson High School in Mesa, Arizona. In his speech he sketched out various plans to overhaul the lending market and asserted on the importance of private lending without ruling out the government involvement in the sector.

By Rapti Gupta