REAL ESTATE

Exterior Remodeling: Best Bang for Your Buck

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On a national level, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions all returned more than 80 percent of project costs upon resale.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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U.S. vows to root out mortgage, corporate fraud

The U.S. Justice Department sought to assure lawmakers on Wednesday that prosecutors are rooting out mortgage and corporate fraud after Wall Street's meltdown wiped out trillions of dollars in investments and laid bare the gaps in regulation.
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Dubai debt concerns spread beyond Dubai World

Fears that Dubai's debt problems are not limited to troubled state conglomerate Dubai World battered investor confidence in the world's top oil-exporting region and sent shares across the Gulf tumbling on Wednesday.
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Dubai debt confusion dents confidence

Concern over debts at Dubai's utility provider and losses at Nakheel, builder of the emirate's palm-shaped islands, hit markets on Wednesday, drowning out assurances by top officials that Gulf economies were sound.
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Fed's Duke: toxic titles foiling housing recovery

The recovery of many U.S. low income areas remains stymied as lenders decide completing some foreclosures simply isn't worth the cost, casting many properties into legal limbo, Federal Reserve Governor Elizabeth Duke said on Wednesday.
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Fewer U.S. home sellers slicing prices: Trulia

Fewer U.S. home sellers are cutting asking prices as competing inventory shrinks and an extended buyer tax incentive lessens the urgency to sell, real estate website Trulia.com said on Wednesday.
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UPDATE 2-Simon Property to buy 22 more outlet centers

Simon Property Group Inc, the largest U.S. mall owner, said on Tuesday it agreed to buy Prime Outlets Acquisition Co for $700 million plus assumed debt, to add 22 outlet centers to its stable of high-end outlet centers.
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FBR cuts apartment REITs, raises commercial

FBR Capital Markets cut its rating on two apartment-focused real estate investment trusts, AvalonBay Communities Inc and Equity Residential, to market perform, citing declining rentals and negative net operating income that could stretch to 2010.
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Canada Nov housing starts rise to 2009 high

Housing starts in Canada rose by a weaker-than-expected 0.7 percent in November but hit their highest level of the year on an increase in construction of single-family homes.

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