After a long dry spell, new condo sales are picking up in New York City, thanks to steep discounts.In the first quarter, 460 condos went under contract, a 181 percent increase from a year earlier, according to Corcoran Sunshine Marketing... Read More
Big deals are no strangers to Manhattan's design-conscious Fifth Avenue but the recent retail leasing contract signed by Japan's richest man, Tadashi Yanai, caught the attention of even the most blasé industry watchers. Read More
Q1 - My wife and I are looking to buy our first home. I have excellent credit but she has horrible credit and I know she will hinder our chances of getting a mortgage. She is working on fixing her score, but she had some problem making payments in the past. I have a very secure job and I make a very decent living- do you suggest I just put the home in my name to ensure we get financing? Read More
Gll Partners of Munich have acquired 9,400 square feet of prime retail space on the ground floor of the four-year-old, 13 story 40 Mercer Street residential condominium community. The $41.9 million sale price equates to $4,457 per square foot, a record in the So Ho retail corridor in Lower Manhattan, Read More
The country's unique home buyer tax credit program ends at midnight today - not with a whimper but with mixed reaction from varied sources. Through February, the government approved a total $12.6 billion in tax credits. Read More
(PANAMA CITY, PANAMA) -- In preparation for its grand opening, Trump Ocean Club International Hotel & Tower Panama commissioned Miami based furniture designer Adriana Hoyos to develop various design concepts for the residential portion of the development. Read More
According to Freddie Mac's (NYSE:FRE) latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 5.06 percent with an average 0.7 point for the week ending April 29, 2010. This is down slightly from last week when it averaged 5.07 percent. Read More
Dubai, already recognized worldwide for its innovative construction projects and sports events, is considering attracting even more global attention. Unfazed by growing vacancies in the country's real estate industry, Read More
One of the presumed consequences of the Great Recession has been the emergence of a new form of leisure travel called a "staycation," or the propensity of individuals to select a vacation destination closer to home as an alternative to traveling to a more distant destination, presumably as a result of budgetary constraints at the household level. Read More
According to the latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI), the decline in remodeling activity may be reaching an end. Current market conditions jumped to 47.0 from 36.4 in the fourth quarter of 2009. Future indicators of remodeling business leapt to 48.9 from 31.4 in the last quarter. Read More
Abu Dhabi-based Aldar Properties PJSC today announced its financial results for the period ended 31 March 2010. Revenue for the period was AED 227.0 million compared to AED 496.6 million for the period ended 31 March 2009. Read More
They are rolling the dice in Las Vegas these days -- on the casino craps tables but also on foreclosure charts, betting how many more homes will go under. A first-quarter analysis of the housing market released today by Irvine, ... Read More
Frank Nothaft According to Freddie Mac's quarterly Refinance Report, one-half of borrowers who refinanced their conventional loans in Q-1, 2010 will have lowered their mortgage interest rate by at least 16 percent. The new interest rate was 0.9 percentage points... Read More
By all accounts, Peninsula Papagayo changed the development landscape on the northwest coast of Costa Rica. Anchored by a Four Seasons, the 2,300-acre project attracted a new high-end clientele ... Read More
The National Association of Realtors is urging the Senate to act quickly to approve House legislation passed recent to extend loan commitment authority under the Rural Housing Service program to help families purchase homes in rural areas. Read More
According to the Mortgage Bankers Association's (MBA) latest Weekly Mortgage Applications Survey for the week ending April 23, the Market Composite Index decreased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index... Read More
Airlines around the world lost $1.7 billion in 6 days when they were forced to ground planes, delay freight traffic and leave thousands of passengers stranded at shutdown terminals, according to the International Air Transport Association. Read More
Swedish IKEA Group, one of the world's largest home products retailer, is planning to invest up to $1 billion in the construction of a giant shopping complex in Moscow region "Mega-4", sources in the local authorities have recently told. Read More
As a major urban center perched between vast natural ecosystems, Miami is known for a strikingly diverse built environment that is barely 100 years old. Within this brief span, the city has constantly reinvented itself, ... Read More
Nakheel, one of Dubai's biggest real estate developers, plans to offer its trade creditors a 10 percent return on an Islamic bond, as Dubai tries to free stalled bill payments and kick-start its economy, ... Read More
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