REAL ESTATE

IBTimes Logo

Fannie, Freddie get credit line; no word on future

The Obama administration on Monday laid out credit provisions for Fannie Mae and Freddie Mac under its fiscal year 2011 budget proposal, but did not deliver a vision for the future of the money-losing mortgage finance giants.

US mortgage pros measured on private capital return

IBTimes Logo
Mortgage securities are not expected to return to any significant growth until 2011, despite efforts to restart the market that provided much of the residential credit during the housing boom, according to a industry survey released on Monday.
IBTimes Logo

Donald Trump eyeing Stuyvesant Town: report

Real estate tycoon Donald Trump is considering whether to either buy or manage Stuyvesant Town and Peter Cooper Village housing complex in Manhattan, the New York Post reported.
More news
IBTimes Logo

Home prices suggest tenuous housing rebound

Home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes on Tuesday.
IBTimes Logo

Home prices dip in November: S&P/Case-Shiller

U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is tenuous, according to Standard & Poor's/Case-Shiller indexes on Tuesday.
IBTimes Logo

Tishman, BlackRock quit huge NYC housing complex

A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
IBTimes Logo

Fed's MBS exit could lift Treasury yields

The end of the Federal Reserve's program to buy mortgages backed by Fannie Mae and Freddie Mac could have a ripple effect on the market for U.S. government bonds.
IBTimes Logo

Baghdad plans 75,000 apartments to modernize slum

The city of Baghdad asked foreign companies on Thursday to sign up for a project to design and build 75,000 apartments, the first phase of a $10 billion plan to rebuild the Iraqi capital's sprawling Sadr City slum.
IBTimes Logo

Housing starts fall, but permits at 14-month high

U.S. home starts unexpectedly fell last month as unusually cold weather hampered construction, but a jump in building permits to a 14-month high indicated the housing market recovery was intact.
IBTimes Logo

US housing starts unexpectedly fall in Dec

New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
IBTimes Logo

Manhattan apartment rents and vacancies off in '09

Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.
IBTimes Logo

U.S. 2009 foreclosures shatter record despite aid

U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
IBTimes Logo

Private mortgage bond buzz portends deal revival

U.S. mortgage bonds at the heart of the financial crisis may be revived by Wall Street as soon as this quarter, in what could be the most significant step yet toward repairing the credit and housing markets.
IBTimes Logo

UAE banks in no rush to use foreclosure law

Banks in the UAE, heavily exposed to the region's ailing real estate market, can use a local foreclosure law to reclaim assets, but a sharp increase in reposessions is unlikely for now, lenders and analysts said.
IBTimes Logo

Canada new home prices rise for 5th month

New home prices rose 0.4 percent in November for the fifth consecutive monthly gain, Statistics Canada said on Tuesday, adding to growing evidence that the housing market is leading Canada's economic recovery.
IBTimes Logo

Fewer sellers cut U.S. home prices, for now: Trulia

Fewer U.S. home sellers cut listing prices on their homes for a second straight month in December as home sellersrush to beat rising interest rates and an expiring tax credit, real estate website Trulia.com said on Tuesday.
IBTimes Logo

Commercial property returns to grow in 2011

U.S. commercial real estate investors may have to wait until next year to see their returns start to grow, as returns will likely remain in negative territory this year, according to the research arm of real estate services company CB Richard Ellis Group Inc.
IBTimes Logo

Canada November building permits fall as expected

The value of Canadian building permits fell 4.6 percent in November from October, roughly in line with expectations, as a decline in nonresidential projects offset the ninth consecutive increase in housing permits.
IBTimes Logo

SL Green wins downtown Manhattan office building

New York office landlord SL Green Realty Corp on Friday will become the owner of a 21-story downtown office next to the World Trade Center site, following a foreclosure auction after the prior owner, Sapir Organization, defaulted on the mortgage.
IBTimes Logo

Fannie Mae to bend rules for some Florida condos

Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets.
IBTimes Logo

Stuyvesant Town owners to miss loan payment: report

Owners of Stuyvesant Town and Peter Cooper Village, a vast New York apartment complex, will miss a $16 million loan payment on Friday, putting them in technical default on their mortgages, the New York Times said, citing executives briefed on the matter.
IBTimes Logo

It's a renter's market in office real estate

The U.S. office vacancy rate hit a 15-year high in the fourth quarter and landlords slashed rent last year by the largest amount since at least 1980, real estate research firm Reis Inc said on Friday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.