Result Page 30 for Latest Real Estate News & Archive

Distressed hotels could find buyers in 2010

The recession-ravaged U.S. lodging industry will offer opportunities next year for would-be hotel investors interested in picking up plum properties suffering from falling revenue and high debt.

Property faces long road to recovery: survey

U.S. commercial real estate faces a long, slow road to recovery that is more than a year away for most types of property, with Washington policy-makers increasingly pulling the strings that affect prices, according to a survey commissioned by PricewaterhouseCoopers.

House prices rose 0.2 percent in 3rd quarter: survey

WASHINGTON - U.S. house prices rose in the third quarter, ending a two-year downward trend, and the housing market was now slightly undervalued, an independent survey showed on Friday.

UPDATE 1-Thornburg's $11 bln servicing portfolio up for sale

The trustee for bankrupt U.S. mortgage lender Thornburg Mortgage Inc (THMRQ.PK) gained court approval on Friday to auction the company's $11 billion mortgage servicing portfolio early next year.

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Exclusive: U.S. mortgage delinquencies at new high

Mortgage delinquencies rose to a new record in November and could remain high in December as Americans set aside more money for holiday expenses, Equifax Inc data show.

NY's Stuyvesant Town tenants, landlord reach deal

The landlord and tenants of a vast New York City apartment complex have reached an interim rental agreement for 4,000 apartments hit with illegal rent increases, attorneys for the two sides said on Monday.

US mortgage applications edge up in latest week

U.S. mortgage applications nudged higher last week, marking a third straight weekly rise, driven by a slight uptick in demand for home refinancing loans, an industry group reported on Wednesday.

Housing starts rise less than expected

New housing starts rose but were lower than expected in November as construction activity for single family dwellings increased only marginally, a government report showed on Wednesday.

Foreclosure buyer demand dips as supply mounts

U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a survey showed on Tuesday.

Demand for U.S. foreclosure properties slips: survey

U.S. home buyers are less willing to buy foreclosed properties than six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a new survey showed on Tuesday.

Canada existing home sales stay strong in November

Sales of existing homes in Canada jumped 73 percent in November from a year earlier, just below the record high for the month, in a sign that consumer confidence is recovering as the economy pulls out of recession.

Genworth sees no mortgage insurance earns till '11

Insurer Genworth Financial Inc, battered by losses from the downturn in the U.S. housing market, said its U.S. mortgage insurance business will not turn an operating profit until mid-2011.

DLF Assets eyes up to $1 bln S'pore listing-sources

DLF Assets, owned by the founders of India's top real estate firm DLF (DLF.BO), is reviving plans for a Singapore listing of its real estate investment trust, encouraged by the global equities rally, three sources said.

Zillow launches rental listings and search service

Real estate website Zillow.com, one of the most popular vehicles for U.S. home sales searches, on Tuesday said it expanded its services to include the rental market.

Abu Dhabi bailout no tonic for Dubai property

Dubai's debt relief request has shattered faith in its once-booming property market and Abu Dhabi's $10 billion bailout will do little to tempt overseas buyers back to the emirate until late 2011 and beyond.

UK commercial property values rise 2.4 pct in Nov-IPD

British commercial property values posted the largest monthly increase in 15 years, up 2.4 percent in November, as the market's recovery accelerated after a two-year downturn, data showed on Monday.

Brazilian Finance sells stake to Zell's Equity

Brazilian Finance, controlled by Ourinvest Real Estate Holding and hedge fund firm TPG-Axon Capital Management, will issue new common and preferred stock to Coyote Trail LLC, a unit of Equity International, for an undisclosed sum.

Real estate co Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.

U.S. House rejects mortgage cramdown measure

In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to change the terms of mortgages for distressed homeowners.

Canada Oct new home prices continue rising

New home prices in Canada rose 0.3 percent in October from September, the fourth consecutive gain, as record low interest rates and a recovering economy spurred demand, according to Statistics Canada data on Friday.

U.S. apartment occupancy, rent to stay weak in '10: report

The U.S. apartment vacancy rate is expected to remain high in 2010 and rent growth is not seen to resume until 2011, according to a forecast by CBRE Econometric Advisors.

Few mortgage modifications made permanent

Less than 5 percent of homeowners whose mortgage payments were cut under an Obama administration aid plan have received a permanent reduction, the Treasury Department said on Thursday.

U.S. fixed mortgage rates climb from record lows

U.S. fixed home loan rates edged above record lows in the past week, tracking bond yields higher following surprise improvement in November employment, home funding company Freddie Mac (FRE.N)(FRE.P) said on Thursday.

Fed's Duke: tight credit still holding back housing

Lenders stung by the financial crisis are still holding back on extending credit, impeding a recovery in the housing market, Federal Reserve Governor Elizabeth Duke said on Thursday.

Treasury: housing aid to push TARP losses up

The Treasury Department said on Thursday that losses from the government's $700 billion financial rescue fund are likely to rise as disbursements to battle mortgage foreclosures increase.

Refinancing Drives Mortgage Activity

Mortgage activity rose last week to the highest level in about two months, mainly from borrowers locking in low mortgage rates by refinancing, the Mortgage Bankers Association said on Wednesday.

U.S. foreclosures slow a 4th month, but more lurk

U.S. foreclosure activity fell in November for the fourth month running, but improvement from July's record high came from loan modification programs that may fail to permanently remedy many failing mortgages, real estate data company RealyTrac said on Thursday.

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