Latest news on ‘Real Estate’
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US January existing home sales unexpectedly plunge
WASHINGTON (Reuters) – Sales of previously owned homes in the United States unexpectedly plunged in January, an industry survey showed on Friday, fresh evidence the housing market has yet to [...]
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General Growth to Split, Westfield Said to Sign Non-Disclosure
(Bloomberg) – General Growth Properties Inc., the second-biggest U.S. mall owner, plans to split itself into two companies as part of an effort to exit bankruptcy that includes a $2.63 [...]
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Home-Builder Stocks Fall Following Drop In Jan New Home Sales
NEW YORK (Dow Jones) – Shares of home builders fell Wednesday following a record low in January new-home sales, even with an early boost from a narrower-than-expected loss from Toll [...]
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Simon Gets Backing on General Bid
By KRIS HUDSON
Mall giant Simon Property Group Inc. has lined up deep-pocketed investors, including Blackstone Group LP and sovereign wealth funds, to potentially join its bid for insolvent rival General [...] -
Simon Property offers $10 billion for General Growth
NEW YORK (Reuters) – Simon Property Group Inc sought to pluck General Growth Properties out of bankruptcy on Tuesday, offering to pay $7 billion to creditors and nearly $3 billion [...]
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Foreclosures slow in January but still up from last year
By Les Christie
-First, the good news: Foreclosure filings dropped nearly 10% between December and January.
That’s a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues [...] -
Beazer Homes Swings To 1Q Profit On Tax Benefit
NEW YORK (Dow Jones) – Builder Beazer Homes USA Inc. (BZH) swung to a fiscal first-quarter profit as the company was helped by a tax benefit and revenue eked upward [...]
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Pending home sales up 1%, recover from November plunge
By Rex Nutting (MarketWatch) – Buyers returned to the market for U.S. preowned homes in December after a federal tax credit was reinstated, according to a survey released Tuesday by [...]
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New home sales fall, fan fears about recovery
By Lucia Mutikani
WASHINGTON (Reuters) – Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be [...] -
Home Sales Tumble as Tax Credit Lift Wanes
WASHINGTON (Reuters) – Sales of previously owned U.S. homes fell at the fastest pace on record last month as the boost from a popular tax credit faded, industry data showed [...]
