Real Estate

London’s Luxury House Prices Advance as Overseas Buyers Compete for Haven

2012-01-09 10:15:23

Luxury-home prices in central London gained for a 14th consecutive month in December as overseas buyers sought safer investments and competed for a smaller number of properties for sale, Knight Frank LLP said.

Manhattan Apartment Sales Fall 12%

2012-01-05 10:07:29

Manhattan apartment sales fell 12 percent in the fourth quarter from a year earlier as Europe’s debt crisis and sluggish U.S. job growth dimmed buyer appetites.

Bernanke Sends Congress Fed Study of Options to Lift the Housing Market

2012-01-05 10:06:50

Federal Reserve Chairman Ben S. Bernanke sent a staff study on the U.S. housing market to House and Senate committees today discussing policy options to help clear away one of the biggest drags on the economy.

MGIC Slumps After Adding Capital to Mortgage Insurance Unit

2012-01-04 10:13:47

MGIC Investment Corp. (MTG), the largest U.S. mortgage insurer, slumped 3.9 percent after putting $200 million of capital into an underwriting subsidiary to continue writing new policies nationwide.

Barclays Opposes Lehman Bid to ‘Rewrite’ Archstone Deal

2012-01-04 10:13:07

Barclays Plc (BARC), which with Bank of America Corp. (BAC) holds 53 percent of Lehman Brothers Holdings Inc. (LEHMQ)’s biggest real-estate asset, Archstone, criticized Lehman’s challenge of an option the banks gave to Equity Residential to buy half of their stake at a still undetermined price.

Loews Names Virgin’s Paul Whetsell Chief Executive Officer of Hotel Unit

2012-01-04 10:12:18

Loews Corp. (L), a New York-based insurance and energy holding company, named Paul W. Whetsell chief executive officer of its hotel unit today as the luxury chain prepares to acquire properties.

Construction Spending in U.S. Beats Forecast

2012-01-04 10:10:36

Construction spending in the U.S. rose in November for a third time in four months, indicating the industry helped boost growth at the end of 2011.

Euro Chiefs Seek to Buy Time for Rescue as $203 Billion Debt Payments Loom

2012-01-03 10:15:22

European leaders return to work this week seeking to buy time for the Spanish and Italian governments to wrest control over their debt and rescue the single currency from fragmentation in its 10th anniversary year.

Cameron Pledges Action to Tackle Excessive Pay in U.K. Financial Services

2012-01-03 10:13:58

U.K. Prime Minister David Cameron pledged more action to deal with “excess” in pay in the finance industry as he said the country “will get through” a difficult year.

Germany Says Greek Debt Talks Near End After Report of Bigger Writedowns

2012-01-03 10:13:02

Germany’s government declined to comment on a report that it may push for creditors to accept bigger losses on Greek debt than previously agreed upon, saying only that talks on lowering Greece’s debt level may end soon.

Spain’s FCC Sells Real Estate Including Picasso Tower for $595 Million

2011-12-30 10:19:12

Fomento de Construcciones & Contratas SA (FCC), a Spanish construction company, sold real estate including the Picasso Tower in Madrid for 460 million euros ($595 million) as part of its plan to improve its finances.

Backtracking U.S. Lawmakers Expand Federal Role in Mortgages

2011-12-30 10:18:19

Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government’s role in mortgage finance, are heading into 2012 after enacting policies that expand it.

Mortgage Rates for Fixed 30-Year U.S. Loans Rise From Record Low to 3.95%

2011-12-30 10:17:31

U.S. mortgage rates for 30-year fixed loans increased from the lowest on record as home sales rose amid improved consumer confidence and employment data

Sales of U.S. Homes Beat the Forecasts

2011-12-30 10:16:44

The number of Americans signing contracts to buy previously owned homes rose more than forecast in November as falling prices and low borrowing costs boosted demand.

Abu Dhabi Aldar Board to Discuss Sale of Some Assets, Projects This Month

2011-12-27 11:23:07

Abu Dhabi Aldar Board to Discuss Sale of Some Assets, Projects This Month

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5,333.50	4,913.50
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14,205.60	12,905.60
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