REAL ESTATE

Sweltering? Here are 10 Hacks for Living Without AC

Filed under: Home Improvement, How To, Renting Shutterstock / ChameleonsEye By Michelle Hainer No AC? No problem! With these hacks, you can keep cool this summer — and keep your electric bill down. When the temperature creeps past 90 degrees on a hot summer day, it’s natural to regret the decision to rent a place without air conditioning or own a home without AC installed. But don’t despair. With these

Christie fundraiser to be hosted by hedge fund billionaire Cohen

(Reuters) – Billionaire hedge fund manager Steven A. Cohen will host a fundraiser Saturday for Republican presidential hopeful Chris Christie in New York’s summer playground of East Hampton, according to an invitation seen by Reuters. The $2,700-a-pop luncheon at Cohen’s mansion will not be the first time that he has shown support for the New Jersey governor as he seeks the Republican Party nomination for the November 2016 election. Real

Serena and Venus Williams Sell NYC Loft for $2.1 Million

Filed under: Celebrity Homes, Selling Getty ImagesWorld No. 1 Serena Williams will attempt to win the Grand Slam at the U.S. Open in New York in September. By Melissa Allison Serena Williams raked in more money than almost any other female athlete this year, and now she has a little real estate dough to go with it. Williams and her sister, Venus, just sold their 1,800-square-foot Manhattan loft for $2.1

Canada housing agency sees overvaluation, low overheating risk

By Andrea Hopkins TORONTO (Reuters) – While Canada’s overall housing market is at low risk of overheating, its largest city, Toronto, is at high risk of overvaluation, the federal housing agency said on Thursday in a report that highlights the nation’s uneven real estate market. Amid concerns that bubbles are growing in several cities, the Canada Mortgage and Housing Corp said Toronto, Winnipeg and Regina show high risk of overvaluation,

Mortgage Rates Remain Low Despite Prospect of September Hike

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed home loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, up 2 basis points from the same time last week. The 30-year fixed rate rose Wednesday, then returned to the current rate and stayed there for the rest of

Egypt's Amer Group Q2 net profit plunges 98 pct

CAIRO (Reuters) – Egypt’s Amer Group reported a sharp fall in second quarter net profit on Thursday to 856,763 Egyptian pounds ($109,490) from 42.36 million a year earlier on higher expenses and lower revenue. Revenue fell 10 percent to ‮‮392.29‬‬ million pounds from ‮‮436.97‬‬ million, the real estate company said in a statement. Sales and marketing expenses rose 23 percent, and administrative costs were up 3.4 percent, it said. At

Australia's Fairfax Media full-year profit falls 63%

Australian media company Fairfax reported a 62.9 percent drop in full-year profits on Thursday, but shareholders welcomed the consensus-beating result amid the challenges facing news organisations in the digital age. Net profit plunged to Aus$83.17 million (US$61.49 million) from a year ago said Fairfax, which owns newspapers, radio and digital interests across Australia. Underlying revenue — excluding the sale of two print plants and closed operations — rose 0.3 percent

Canada PM pledges limits on foreign home buyers if needed

By Randall Palmer OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper pledged on Wednesday if reelected to limit foreign purchases of Canadian real estate if it turns out that such purchases are pricing Canadians out of the housing market. “There are real concerns that foreign, nonresident real estate speculation is the reason some Canadian families find house prices beyond their budgets,” Harper said in Vancouver, where the housing market is

Canada PM pledges limits on foreign home buyers if needed

By Randall Palmer OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper pledged on Wednesday if reelected to limit foreign purchases of Canadian real estate if it turns out that such purchases are pricing Canadians out of the housing market. “There are real concerns that foreign, nonresident real estate speculation is the reason some Canadian families find house prices beyond their budgets,” Harper said in Vancouver, where the housing market is

Republican debate sets TV record with 24 million viewers

By Lisa Richwine LOS ANGELES (Reuters) – The Republican candidates’ prime-time debate on Fox News Channel drew 24 million viewers, more than double the prior record for a presidential primary debate and the highest non-sports telecast in cable TV history, according to Nielsen data released on Friday. The tally for Thursday’s event in Cleveland more than doubled Fox News Channel’s previous largest audience, the 11.8 million viewers who tuned in