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.
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.
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.
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, 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.
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.
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.
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, 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.
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.
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.
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.
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.
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 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.
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.
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.
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. 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.
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.
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.
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.
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.
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.
U.S. home prices stabilized in 2009 after losing trillions of dollars in value during the previous year, real estate website Zillow.com said on Wednesday.
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.
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.
The sudden fall of Lend America, a nationwide vendor of government-backed home loans, is leaving many borrowers with deep regrets.
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.
Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.