Home buying at most inexpensive level in decades
NEW YORK (CNNMoney) — Buying a home has reached its most inexpensive level in more than two decades. Nearly 78% of homes sold during the first quarter were inexpensive to ...
Mortgage delinquency rate hits four-year low
The delinquency rate on U.S. home mortgages fell in the first quarter to the lowest level since 2008, though the share of homes in the foreclosure process inched higher, an ...
Homeownership falls to lowest rate in 15 years
NEW YORK (CNNMoney) — Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing ...
Simon Property Group Profit Triples In 1Q, Raises Guidance
Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall landlord, stated Friday its profits more than tripled in the first quarter as the value of its properties rose and ...
US property market has turned the corner, according to NAR
Pending home sales in the United States increased in March and are well above a year ago, a signal that the housing market is recovering, according to the National Association ...
Simon Property Group Earnings Preview: Good Malls Drive Higher Profits
Simon Property Group (NYSE: SPG), the largest U.S. mall landlord, is expected to have higher profits in the first quarter on higher revenue from the company’s geographically diverse array of ...
UK first time buyers look to savings for deposits to get on housing ladder
One in eight of would be first time buyers in the UK hope to purchase their first home in the next five years and nearly a quarter plan to purchase ...
Short sales to surge this year
NEW YORK (CNNMoney) — Short sales are rising sharply, offering many struggling home owners a better alternative to foreclosure in many of the nation’s hardest hit states. In short sale ...
Underwater borrowers are on the rise
NEW YORK (CNNMoney) — The number of home owners who have fallen underwater on their mortgages — owing more than their homes are worth — climbed to 11.1 million in ...
Fannie Mae asks Uncle Sam for $4.6 billion more
Fannie Mae is short $4.6 billion and it wants the U.S. government to foot the bill. The mortgage giant reported a net loss of $2.4 billion in the fourth quarter ...
Fewer home owners missing mortgage payments
NEW YORK (CNNMoney) — The mortgage meltdown that began five years ago appears to be reversing course as the percentage of loans that fell into delinquency slowly returned to normal ...
Investors ‘Continue to Buy Distressed Property’
Demand for distressed real estate investments climbed during the final quarter of 2011, according to the Royal Institution of Chartered Surveyors (Rics) Global Distressed Property Monitor. The firm revealed that ...
Demand for global distressed property increased at the end of 2011
Demand for distressed property is rising in more countries than it was previously, according to the results of the latest Global Distressed Property Monitor from the Royal Institution of Chartered ...
Positive outlook for UK purchase to let sector as loans increase, states CML
The number of properties in the UK being purchased with purchase to let mortgages increased by around 84,000 in 2011, modestly helping to increase the supply of private rented housing ...
U.S. Mortage Rates Drop to Record Low of 3.87 Percent
U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie ...
30 Cities Had Half of Global Real Estate Investment: Jones Lang LaSalle
London, Tokyo, New York, Hong Kong and Paris led the list and also accounted for nearly a quarter of all real estate investments, excluding residential buildings. However, a shift was ...
ARLA research suggests demand for UK rental property is slowing
An easing in the demand for rental property and a rise in the numbers of tenants struggling to meet their monthly rent payments signals that the rental market may be ...
‘Three Pronged Attack’ Required to Boost Building
The HIA has claimed the gloom hanging over home building looks set to continue, and has called for a “three pronged attack” to address the sector’s woes. ABS data has ...
Scotland has the UK’s most inexpensive housing, survey shows
Mortgage payments for a new borrower in Scotland during the second half of 2011 were at their lowest as a proportion of disposable earnings for nine years, according to new ...
U.S. Apartment Vacancies Decline to 2001 Levels: Reis
U.S. apartment vacancies dropped to 5.2 percent in the fourth quarter, a 10-year low, as more Americans flocked to rentals, according to real estate research firm Reis. The vacancy rate ...
Impact of Exit Fee Abolition up for Debate
More than a quarter of a million mortgages were sold after last year’s July 1 deadline for abolishing exit fees but the ban’s impact on competition remains uncertain. Treasurer Wayne ...
Big Investors Betting We’ve Hit Bottom on Housing: WSJ
A Wall Street Journal article making the rounds this morning notes some huge investors have turned bullish on the housing market in the past quarter. Even if the opinion of ...
Singapore hits foreign property buyers with an extra 10% stamp duty
Singapore has introduced new taxes on residential property buys to curb excessive investment by foreign buyers. Foreigners and corporate entities will have to pay an unprecedented extra 10% stamp duty ...
Household debt swells to record high
The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada ...
Fannie Mae, Freddie Mac Prevented Nearly 2 Million Foreclosures: FHFA
Fannie Mae and Freddie Mac have prevented almost 2 million foreclosures since the enterprises were taken under federal conservatorship in 2008, according to a report by the Federal Housing Finance ...
U.S. Mortgage, Credit Card Delinquencies Forecast to Decline in 2012: TransUnion
U.S. mortgage loan delinquencies are projected to decline to five percent by the end of 2012 from 5.95 percent at the end of 2011, according to TransUnion. TransUnion anticipates more ...
Economic pressures affecting global property markets
Mounting pressure on the global economy and the eurozone crisis in particular is starting to have an effect on worldwide property markets, according to the latest Knight Frank Global House ...
US home prices declined in September
A home is shown for sale. The S&P/Case Shiller composite index of 20 metropolitan areas fell 0.6 percent from August on a seasonally adjusted basis. U.S. single-family home prices declined ...
U.S. Mortgage Delinquencies Fall to Lowest Level Since 2008: MBA
Delinquent U.S. mortgage payments fell to 7.99 percent in the third quarter, down from 9.1 percent from a year earlier, according to the Mortgage Bankers Association. It was the lowest ...
Pessimism creeping into the Australian property market
Expectations that residential property prices will continue falling in Australia are having an effect on the real estate market, according to a new survey. The Commonwealth Bank/Mortgage and Finance Association ...