REAL ESTATE

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Freddie Mac June portfolio up, delinquencies jump

Freddie Mac (FRE.P)(FRE.N), the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 9.3 percent rate in June, while delinquencies on loans it guarantees accelerated.
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China's taste for resources displays an old love: Wei Gu

Western nations fret that China is engaged in a grand strategy as it snaps up natural resource assets around the world -- that it is seeking to control the supply of raw materials and dominate manufacturing processes. But could this be a misreading of its motives?
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Banks kick commercial real estate loans down road

For the past six months or so, Wall Street has been bracing for what many fear may be the next shoe to drop on the already battered U.S. economy: a U.S. commercial real estate bust that could rival the housing market collapse.
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U.S. home price gains may foretell recovery -report

An unusually robust rise in home prices from April to May could foreshadow a recovery in many U.S. housing markets, according to a report released on Thursday by Radar Logic, a real estate data and analytics company.
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Administrators struggle with big bond blow ups

The fate of billions of pounds of British commercial property is in the hands of a small group of secretive administrators, leaving investors in the dark about the future returns on their bonds.
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Merrill may sell management of Asian property fund: source

Bank of America's (BAC.N) Merrill Lynch is in talks with several firms including Blackstone (BX.N) and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.
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Housing Starts and Bank Profits

Homebuilders are getting busier. Housing starts rose 4 percent to 582,000 annualized unit pace in June, the highest six months and over 100,000 higher from the pace just two months ago.
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Commercial property price drop may signal bottom

U.S. commercial property prices plunged for a second straight month in May as distressed transactions weighed, but the pace of decline may signal a bottoming process, Moody's Investors Service said on Monday.
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M&T Bank profit tops views despite more bad loans

M&T Bank Corp (MTB.N), a large U.S. mid-Atlantic regional bank, on Monday posted better-than-expected results even as increased credit losses and writedowns led to a 75 percent decline in second-quarter profit.
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Making Money From Property Tax Appeals

Helping home owners appeal their tax bills can be a lucrative side business for real estate practitioners - particularly this year when legions of home owners are considering appeals after prices have crashed.
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TREASURIES-Prices slide as stronger housing report weighs

U.S. Treasuries prices were lower on Friday, erasing their early gains after the government data said U.S. housing starts increased in June, bolstering prospects for economic recovery and damping demand for safe-haven U.S. government debt.
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Housing starts rise more than expected

New U.S. housing starts and permits jumped more than expected in June, propelled by a rise in single-family homes, a government report showed on Friday.
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U.S. housing starts and permits jump

New U.S. housing starts and permits jumped in June, propelled by a rise in ground-breaking for single-family homes and suggesting the battered housing sector was beginning to stabilize, a government report showed on Friday.
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Macquarie CountryWide sells U.S. assets for $1.3 bln

Australian investment group Macquarie CountryWide Trust (MCW.AX) has agreed to sell U.S. property assets for $1.3 billion to a joint venture including Californian state pension fund Calpers, it said on Friday.
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Chinese real estate recovery could presage cash rush

A nascent housing market rebound and a rally in shares could trigger a new round of cash raising by Chinese developers, eager to replenish coffers to meet rising demand, spurred by Beijing's economic stimulus measures.
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US July home builder sentiment highest since Sept

U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
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Let's blame foreigners for China's asset bubbles: Wei Gu

Beijing has found a new culprit to blame for China's asset bubbles -- foreign hot money. China's official reserves are rising again, breaking the $2 trillion mark in April, and unexplained inflows are once again coming under the critical microscope.

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