REAL ESTATE
Filed under: Buying, Financing, Refinancing Getty Images By Kirk Haverkamp Immigrants are having a significant impact on the U.S. housing market. According to the Research Institute for Housing America, immigrants accounted for nearly 40% of the net increase in U.S. homeowners from 2000 to 2010. Meanwhile, the same group estimates that U.S. homeownership rates among Latino immigrants will hit 50% by the year 2020. Overall, the number of immigrant homeowners
By Ingrid Melander and Michel Rose PARIS (Reuters) – Cheap oil and a weak euro helped France’s economy expand at its fastest rate in two years in the first quarter as consumers spent more freely, but the growth pickup was not sharp enough to generate extra jobs. French exports slowed, however, and a depressed real estate market kept weighing on the euro zone’s second-largest economy, the data from statistics office
By Ingrid Melander and Michel Rose PARIS (Reuters) – Cheap oil and a weak euro helped France’s economy expand at its fastest rate in two years in the first quarter as consumers spent more freely, but the growth pickup was not sharp enough to generate extra jobs. French exports slowed, however, and a depressed real estate market kept weighing on the euro zone’s second-largest economy, the data from statistics office
New Zealand’s central bank on Wednesday announced measures to cool Auckland’s red-hot property market, saying a potential real-estate bubble posed a significant risk to the economy. House prices in the South Pacific nation’s largest city have skyrocketed in recent years, resulting in Auckland being named as the world’s ninth least affordable major city in an international survey released this year. Reserve Bank of New Zealand Governor Graeme Wheeler said the
Filed under: Buying, Financing, Refinancing 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 loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.82 percent, up 9 basis points from the same time last week. The 30-year fixed mortgage rate fell Friday, then hovered around 3.69 percent before rising and
LAS VEGAS (AP) — A real estate broker representing the owners of the Hooters Casino Hotel said the property near the Las Vegas Strip has sold for about $70 million to a New York-based hotel investment company.
NEW YORK (AP) — Cushman & Wakefield and DTZ say they will combine in a deal creating one of the world’s largest real estate companies.
Filed under: Buying, Economy, House of the Day ZillowThe view from one of the apartments in The Comstock, one of San Francisco’s most prestigious residential buildings. By Hotpads.com It may have sold for eight percent under the original asking price, but when you’re talking about an 1,800-square-foot San Francisco condo playing in the $2.5-million club, who’s really counting by the tens of thousands? When it debuted on the market last
Filed under: Design, Buying, Celebrity Homes ZillowOriginally a Presbyterian church,the 13,000-square-foot building has been divided into a home and three apartments. By Melissa Allison Are the queen and king of hip-hop planning to spend more time in jazz territory? Beyoncé and Jay Z appear to have bought an old church in New Orleans’ Garden District that has been transformed into living quarters, Curbed reports. Charles Sykes/Invision/APBeyoncé and Jay Z arrive
Filed under: Design, Buying, Celebrity Homes ZillowOriginally a Presbyterian church,the 13,000-square-foot building has been divided into a home and three apartments. By Melissa Allison Are the queen and king of hip-hop planning to spend more time in jazz territory? Beyoncé and Jay Z appear to have bought an old church in New Orleans’ Garden District that has been transformed into living quarters, Curbed reports. Charles Sykes/Invision/APBeyoncé and Jay Z arrive
