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 »
The Mumbai Metropolitan Region (MMR), a key property market, will see fewer project launches and land deals in the year ahead due to confusion over new development rules, a ban on new construction and poor preparedness for the new real estate law, builders and consultants said. The expected decline in ... Read More »
By the time it broke ground in March, Residences by Armani/Casa, a new condominium underway in Miami’s Sunny Isles Beach, already had more than 65 percent of its 308 units under contract. The planned 56-story tower, where prices range from about $2 million to more than $15 million, will include ... Read More »
Millionaires and billionaires tend to have multiple homes—three or four is average. But those figures are child’s play for a bona fide house collector, who collects property like others amass fine wine. Photo: Lisa Corson for The Wall Street Journal [Source: Wall Street Journal] Read More »
NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak ... Read More »
This month, the Benami Transactions (Prohibition) Amendment Act, 2016 was notified. It intends to route unaccounted money into the financial system, and seize benami properties while prosecuting those involved with such properties. Its objective are: amending the definition of benami transactions, establishing adjudicating authorities and setting up an appellate tribunal ... Read More »
