REAL ESTATE

US home buyers' negotiating power gains-Zillow

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Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.

M.Stanley to sell China property to Keppel unit

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The property investment arm of Morgan Stanley (MS.N) is in final talks to sell a Chinese apartment complex to a unit of Singapore's Keppel Land (KLAN.SI), sources close to the deal said on Tuesday.
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Fall in new home sales fans fears on recovery

Sales of newly built single-family homes fell unexpectedly in December as the bounce from an initial tax credit fizzled, the latest sign that the government-led housing recovery might be losing some steam.
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New home sales fall, fan fears about recovery

Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be losing some steam.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.

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