Result Page 43 for Latest Real Estate News & Archive

US real estate fund Redwood eyes bank-owned homes

Redwood Real Estate Partners, Inc said on Wednesday it launched a fund to buy up to $500 million in distressed residential real estate amid an expected surge in bank-owned properties.

Obama set to sign housing aid legislation

The U.S. Congress on Tuesday sent President Barack Obama a housing rescue bill that aims to save 400,000 homeowners from foreclosure and will spend $2.2 billion on programs to aid the homeless.

Building Permits And Housing Starts Drop In April

Release Explanation: This report covers the number of new residential Starts and residential Building Permits issued each month, reported on an annualized basis.

The Housing Surplus Question

The market did some strange things today. Those who follow it (and maybe trade it), will tell you it went up. The catalyst: communists lose some Indian political leverage, which will usher American style... socialism... in India, and homebuilders apparently are building homes again. The first item is open to discussion (mostly by political pundits), however to assume that the Indian market can sho...

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U.S. foreclosures jump to record high

U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.

Treasury modifies housing rescue incentives

The U.S. Treasury Department on Thursday announced changes to encourage mortgage lenders to slash loan payments in the worst-hit markets and use so-called short sales to extract troubled home owners from unaffordable mortgages.

U.S. mortgage applications fall as refinancing drops

U.S. mortgage application demand slid to the lowest level since mid-March, driven by a drop in requests to refinance loans even as borrowing costs dipped toward record lows last week, the Mortgage Bankers Association said on Wednesday.

Greenspan sees

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that

Commercial Real Estate Quarterly: First Quarter 2009

Real nonresidential construction tumbled at a record 44 percent annual rate during the first quarter, subtracting over two percentage points from real GDP. A large portion of the drop was due to a pullback in oil & gas drilling and exploration. Building activity is also winding down, particularly in office and commercial construction which includes multi-tenant retail space. The economic downturn ...

US 1st qtr median home prices slide from year ago

The National Association of realtors said on Tuesday that home prices dropped in 134 out of 152 metro areas on a year-over-year basis during the first quarter of this year.

Fannie Mae taps Treasury again after $23 billionloss

Fannie Mae , the largest provider of funding for U.S. home mortgages, on Friday said it lost $23.2 billion in the first quarter, sending it to the Treasury for a second time for capital to keep it afloat.

Clayton Homes intros 30% more energy efficient iHouse

Clayton Homes, the largest manufacturer of modular homes in the U.S., officially introduced its i-house (or ihome) which is perhaps the most affordable option for a low-carbon lifestyle at the moment.

June ABS deals seen doubling under Fed's TALF

Growing demand, cheaper financing and wider participation are expected to double the volume of asset-backed securities issuance in the upcoming round of the Federal Reserve's TALF program in June.

For sale: tropical islands at recession-friendly prices

Dreaming of a tropical paradise to call your own? Several Australian islands off the Great Barrier Reef are on sale, and thanks to the global recession, they're cheaper than they used to be.

US mortgage rates rise from record low-Freddie Mac

Interest rates on U.S. 30-year fixed-rate mortgages rose 0.06 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac.

US mortgage applications up despite jump in rates

U.S. mortgage applications rose last week even as interest rates jumped to their highest levels since mid-March, data from an industry group showed on Wednesday.

More than one in five homeowners underwater: Zillow

Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday.

Nonresidential Construction Spending: Surprise Jump in March

Total construction spending increased 0.3 percent in March, far exceeding expectations. Residential construction spending fell 4.1 percent. Nonresidential construction spending rose 2.0 percent on the month driven by lodging, power and manufacturing. However, the gain is not expected to stick. Nonresidential will likely post declines well into 2010.

How Banks Become Condo Rental Agents

Last month in a Boston foreclosure sale, John Hancock Tower Lenders Took, a 65% Haircut In 3 Years . Boston is back in the news today with another foreclosure auction. This time it's condo related, with Chorus Bank in the thick of things.

Commercial property sales slump worldwide - report

Global sales of investment grade real estate plunged 73 percent to $47 billion in the first quarter from a year ago, or just one-sixth of the level two years ago, according to real estate research firm Real Capital Analytics on Friday.

U.S. construction spending up in March

U.S. construction spending rose in March for the first time in six months, edging up 0.3 percent, according to government data on Monday.

Economists' Commentary:Jumbo Loans

In recent months the availability of jumbo loans has decreased while the interest rate spread between jumbo rates and ten-year treasuries has widened. These developments are having a negative effect on the housing market.

HUD chief sees early signs of housing turnaround

The U.S. housing market is showing some early signs of a turnaround, but its too early to say if a full recovery is underway, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.

ING favors U.S. real-estate trusts despite crisis

U.S. real-estate investment trusts (REITs) enjoy strong investor support, despite the slump in U.S. property markets, because they have moved aggressively to repair their balance sheets, ING Real Estate said on Wednesday.

Next Shoe to Drop---Commercial Real Estate

Although we have discussed commercial real estate many times in our comments over the past few years, we have never devoted the whole comment on the subject.

More Homes in California Are Selling

California's housing-market slump showed hints of improvement in March, with sales of existing single-family homes increasing 64% from the prior-year period and median home prices rising month-to-month for the first time since August 2007, according to a trade group report.

Mortgage

The head of a U.S. financial bailout watchdog panel said bankruptcy judges must be allowed to reduce home mortgage debt or the Obama administration's housing rescue efforts could fail in the areas where they are most needed.

U.S. home vacancy rate lowest since mid-2007

The share of U.S. homes privately owned but empty in the first quarter of 2009 fell to levels last seen in mid-2007, a government report on Monday showed in a positive sign for the listless housing sector.

The Next Financial Explosion

A weird quiet seems to have settled over the country. We're in the midst of the financial crisis, yet it feels like the whole thing has somehow passed. In fact, the ionized air around us suggests we're in the eye of this hurricane—experiencing a moment of calm before the storm whips up again.

Freddie Mac March portfolio up annualized 65.8 pct

Freddie Mac (FRE.P) (FRE.N), the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio grew by an annualized 65.8 percent rate in March, while delinquencies on loans it guarantees accelerated.

Battered U.S. cities buy foreclosed homes to rebuild

California's Riverside County has been one of the most punished areas in the U.S. housing crash and now local leaders are among the first in the nation with a program to buy foreclosed homes and sell them back to young families.

Too soon to hope for U.S. housing recovery?

Early signs of a decent spring selling season in the U.S. housing market, as mortgage rates hit near-record lows, have been snuffed out by the latest round of dismal data.

Economists' Commentary: Inflation Outlook

Deflation has arrived but inflation could be flaring up in a couple years. The latest March consumer price index showed the first decline over a 12 month period since the Eisenhower administration. With rising unemployment and excess factory capacity there is virtually no pressure for wages or prices to rise.

U.S. mortgage rates nudge closer to record low

U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring rates down to levels that will spur demand and help the hard-hit housing market begin to recover.

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