Latest news on ‘Real Estate’
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U.S. Home Prices `Bouncing Around’ Bottom, Economist Case Says
Bloomberg – U.S. home prices have reached a bottom and may be set to rise in the first half as buyers take advantage of increased affordability, said Karl Case, the [...]
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South Africans accept Wal-Mart bid
JOHANNESBURG (AP) — A South African chain’s shareholders have overwhelmingly accepted Wal-Mart’s offer to buy 51 percent of their company, the chief executive said Monday, paving the way for the [...]
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The Foreclosure Dump
It’s coming, no question.
Today’s report from RealtyTrac serves as a warning to big banks, Fannie, Freddie and local communities; The foreclosure glut is coming, and they’d better be ready to [...] -
The Graying of American Housing Continues
US News – Senior housing decisions remain in a “back to basics” mode, according to a new report from the National Association of Home Builders (NAHB) and the MetLife Mature [...]
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Lennar Builds Up Rally After Earnings Beat
Residential construction firm reports lower revenues, but profits easily trump estimates.
Offering a peek into the state of the housing market, Lennar Corporation reported fourth-quarter earnings that substantially beat the Street’s [...] -
Kiss 4% mortgage rates goodbye
NEW YORK (CNNMoney.com) — The era of near 4% mortgage rates has ended after a quick rate rise since early November. But some industry experts think that may be a [...]
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Fewer Homes `Underwater’ Last Quarter as Foreclosures Rose
Bloomberg – The number of U.S. homes worth less than the debt owed on them dropped in the third quarter, largely because of mounting foreclosures rather than a rise in [...]
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General Growth files to sell $2.2 billion in stock
Reuters – General Growth Properties Inc (GGP.N) registered up to $2.17 billion of new stock it will sell as part of the transaction to bring the second-largest U.S. mall owner [...]
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American dream fades for more as homeownership falls
NEW YORK (CNNMoney.com) – Ongoing economic, financial and housing woes continue to hit Americans where they live — or used to.
A perfect storm of job losses, unaffordable mortgages and plunging [...] -
U.S. Existing Home Sales Rose 10% to 4.53 Million Rate
Bloomberg – Sales of U.S. existing homes rose in September by the most on record, a sign cheaper borrowing costs are helping stabilize an industry that’s battling the headwinds of [...]
