The U.S. Treasury plans to kick off a fresh $15 billion liquidity and mortgage bond purchase program to assist state finance agencies providing mortgages to low-income borrowers, Bloomberg said, citing a person familiar with the matter.
Marriott International Inc. announced Wednesday that it will stop building new timeshare and luxury-vacation projects and write down the value of the projects it already has under construction by $760 million.
An estimated 5.7 million U.S. families live in substandard housing, with one in every three houses in U.S. metropolitan areas plagued by health hazards, according to a study released Thursday.
Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.
India aims to set up a real estate regulator and an appellate tribunal to control and facilitate construction and development in its largely unorganised housing sector, the government said on Friday.
Sales of newly built U.S. homes likely rose to their highest level in a year in August, supported by government-sponsored tax incentives and growing signs of the economy's recovery, according to a Reuters poll.
The hotel operator formerly called Hilton Hotels Corp said on Wednesday that it has changed its name to Hilton Worldwide and unveiled a new logo.
Legal entanglements and well-intentioned home-owner-assistance efforts have slowed the pace of foreclosures, but eventually many of these distressed homes will hit the market anyway.
Onex Corp plans to take advantage of a building crisis in the U.S. commercial real estate market, an official with the Canadian private-equity company said on Thursday.
Chinese housing prices have surged since March, but they will soon lose momentum and even start to fall around the end of the year, boding well for a more sustained contribution to overall economic growth.
U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.
Sales of previously owned U.S. homes unexpectedly fell in August, a survey showed on Thursday, a minor setback for the housing market's recovery from a three-year slump.
Marriott International Inc said it would cut prices and scale back development plans for its luxury timeshare segment, resulting in a $760 million charge, because of soft demand in this business.
A slew of state and local home foreclosure mediation programs have enormous potential to help homeowners, but most suffer from lack of industry accountability, according to a study released on Wednesday.
Design glitches draw attention away from a home's best features. Don't let out-of-date fixtures and unappealing decor cost you a sale. While some buyers may actually appreciate vintage features, home and design experts say these 20 features almost always serve as a turnoff.
REALTORS specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, according to the 2009 National Association of REALTORS Commercial Member Profile.
Two mortgage real estate investment trusts halved their planned initial public offerings on Wednesday, casting a shadow on upcoming IPOs in the sector.
More than a year and a half into America's worst housing crisis since the Great Depression, rising unemployment is pushing ever more homeowners in rural Ohio toward foreclosure.
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
U.S. single-family home prices rose by a seasonally adjusted 0.3 percent in July from June but were 4.2 percent lower than a year earlier and 10.5 percent below their April 2007 peak, the Federal Housing Finance Agency said on Tuesday.
The Obama administration has opened a dialogue with major lenders, economists, and government officials over the possibility of extending a financial lifeline to home owners who no longer can afford their mortgages because of job losses.
Canada's commercial lending industry is healthier than its U.S. counterpart, with fewer borrowers behind on payments and other signs an economic recovery is under way, according to a survey by PayNet Inc.
Three companies backed by major investment firms plan initial public offerings this week to take advantage of distressed commercial real estate, but they face stiff competition and major risks if the market takes a long time to recover.
High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 home buyer tax credit so far and reminded home buyers they need to close on a purchase before the Dec. 1 deadline to qualify.
Investors in U.S. mortgage bonds backed by the Federal Housing Administration own one of the safest bets on Wall Street, yet mounting defaults on the underlying collateral are seen posing risks.
Interest rates are low and home prices are down, but banks continue to be stingy with loans.
The U.S. Federal Housing Administration on Friday said it was appointing a risk officer and making changes in its credit policies to make sure its reserves against future losses stay above a minimum set by Congress.
U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 homebuyer tax credit so far and reminded homebuyers they need to close on a purchase before the December 1 deadline to qualify.
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
