The implementation of the Seventh Pay Commission recommendations this year is going to bring cheer to various segments and one of the biggest beneficiaries is expected to be real estate. About Rs.1 lakh crore of money is being released as part of the hike in salaries and an additional amount ... Read More »
The latest version is a redrawn plan after the critical citizen feedback received on the earlier draft plan last year. Though in conservative measure, and treading cautiously after the criticism of the last version, the plan has laid out several measures to increase the development potential of Mumbai. The Revised ... Read More »
We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault’s worth of currency into New York City property, often shielded by LLCs. It’s illuminating to get a closer look at the city’s larger real estate landscape–one that has changed ... Read More »
In early 2004, home loan rates sank to a record low of under 7.5 per cent, thanks to the liberalisation of the Indian economy. Real estate investment was then an option only for the rich, but the low borrowing rates encouraged people from all income groups to step forward, which ... Read More »
Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRET PRB) has scheduled a conference call for Friday, September 9, 2016 at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2017 financial and operating results. IRET’s quarterly report on Form 10-Q for the fiscal first quarter ended July ... Read More »
A change is coming at the end of the month in the way stock indexes are classified. Real estate, now part of the broader financials category, will go out on its own. But before you yawn and say that the change seems akin to moving the deck chairs around on ... Read More »
A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate ... Read More »
Homebuilder stocks gained Monday as builders showed more confidence in the market for new homes in August. The SPDR S&P Homebuilders ETF (XHB) rose more than 1 percent at its high, led by shares of Toll Brothers, CalAtlantic and Taylor Morrison, which all gained about 2 percent. The National Association ... Read More »
A shortage of existing homes for sale is boosting the market for newly-built homes, and fueling confidence among builders right along with it. A monthly reading of builder sentiment rose two points to 60 in August; anything above 50 is considered positive on the National Association of Home Builders/Wells Fargo ... Read More »
Mortgage apps down 4% lastweek Wednesday, 17 Aug 2016 | 7:32 AM ET|01:04 Even with mortgage interest rates sitting near record lows, mortgage applications failed to make any gains last week. Total application volume decreased 4 percent on a seasonally adjusted basis for the week from the previous week, according to ... Read More »
Five years after the housing recovery began, 5.9 million borrowers still owe more on their mortgages than their homes are worth. The so-called negative equity rate in the U.S. is falling, now at 12 percent of all mortgaged homeowners, according to Zillow, down from more than 14 percent a year ... Read More »
The push toward urban living is pushing the envelope for real estate developers, forcing them to become more creative with the space they have. That means squeezing taller buildings into slimmer spaces, multiplying the housing stock with micro-units and taking living space over the top — literally. Roof decks are ... Read More »
