Daily Business Buzz

US mortgage demand drops, supply caps improvement

noreply@blogger.com (Dub) — Wed, 16 Sep 2009 06:03:00 PDT

Demand for U.S. home loans fell as fixed mortgage rates rose last week in a banking period shortened by the Labor Day holiday, the Mortgage Bankers Association said on Wednesday. Total applications...

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US housing: demand for home loans falls

noreply@blogger.com (Dub) — Wed, 16 Sep 2009 05:58:00 PDT

Demand for U.S. home loans fell as fixed mortgage rates rose last week in a banking period shortened by the Labor Day holiday, the Mortgage Bankers Association said on Wednesday.

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US commercial property boom decades away - report

noreply@blogger.com (Dub) — Wed, 02 Sep 2009 09:54:00 PDT

The level of U.S. commercial real estate deals seen in the boom years of 2005 through 2007 may take a generation to return, according to a report by real estate services company Jones Lang LaSalle...

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Property fund investors fear loan breach-study

noreply@blogger.com (Dub) — Wed, 02 Sep 2009 07:52:00 PDT

Almost 9 out of 10 investors in non-listed real estate funds fear a breach of loan covenants by those funds as Europe's credit crisis lingers, a study by trade body INREV showed on Wednesday. The...

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Foreclosures, unemployment sap Florida economy

noreply@blogger.com (Dub) — Tue, 01 Sep 2009 13:09:00 PDT

Florida's economy is shrinking in another crippling blow to the housing market of the state, which leads the United States in foreclosures and is grappling with record levels of unemployment. For...

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Property bank-loan defaults at 6-year high--report

noreply@blogger.com (Dub) — Tue, 01 Sep 2009 07:23:00 PDT

Defaults of multifamily and commercial real estate loans from banks climbed to their highest rate since at least 2003, as lenders gave up hope of being repaid in full, according to a report by...

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Fed program for new CMBS' impact may be limited

noreply@blogger.com (Dub) — Mon, 31 Aug 2009 06:06:00 PDT

A Federal Reserve program to spur commercial real estate lending may provide a bit of a jolt, but the amount of financing will likely be limited because the infrastructure needed to produce...

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FED FOCUS-Fed weighing delayed exit from mortgage purchases

noreply@blogger.com (Dub) — Mon, 31 Aug 2009 05:59:00 PDT

U.S. Federal Reserve officials are thinking carefully about tapering off their purchases of mortgage debt to push the $1.45 trillion program into next year rather than end it on Dec. 31 as...

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US steadying, housing no longer drag -Fed's Lacker

noreply@blogger.com (Dub) — Thu, 27 Aug 2009 05:59:00 PDT

Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilising after a painful recession and the shattered housing market will no longer be a drag...

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July new US home sales up 9.6 percent

noreply@blogger.com (Dub) — Wed, 26 Aug 2009 10:03:00 PDT

Sales of new U.S. homes surged 9.6 percent in July, another sign the housing market is climbing back from the historic bottom it reached early this year. Driven by falling prices, the fourth-straight...

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Freddie Mac July portfolio down,delinquencies jump

noreply@blogger.com (Dub) — Wed, 26 Aug 2009 05:39:00 PDT

Freddie Mac, the second-largest U.S. home funding company, on Tuesday said its mortgage investment portfolio shrank by an annualized 44.5 percent rate in July, while delinquencies on loans it...

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US housing, confidence data point to recovery

noreply@blogger.com (Dub) — Wed, 26 Aug 2009 05:35:00 PDT

Larger-than-expected gains in U.S. housing prices and consumer confidence on Tuesday lent new weight to views that the economy is emerging from the longest recession since the 1930s. U.S....

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REIT bond rally could reverse on refinancing needs

noreply@blogger.com (Dub) — Wed, 26 Aug 2009 05:33:00 PDT

Bonds of U.S. real estate investment trusts have rallied as thawing credit markets eased concerns over the sector's liquidity and short-term refinancing needs, though the continuing need to refinance...

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U.S. home prices rose a second straight month- S&P

noreply@blogger.com (Dub) — Tue, 25 Aug 2009 07:08:00 PDT

Prices of U.S. single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor's reported...

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US housing's solid spring, hotter summer

noreply@blogger.com (Dub) — Mon, 24 Aug 2009 05:19:00 PDT

What some expected to be a spring fling for the U.S. housing market turned into a hotter summer. Home buying and sales activity typically pick up in the spring as warmer weather boosts activity, but...

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Existing homes selling fast - record fast

noreply@blogger.com (Dub) — Fri, 21 Aug 2009 08:31:00 PDT

Sales of existing homes rose in July for the fourth consecutive month, lending support to economists who argue a recovery is near. Sales of previously owned single-family homes were up 7.2% compared...

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Prime Mortgages Going Sour

noreply@blogger.com (Dub) — Thu, 20 Aug 2009 12:34:00 PDT

At the end of the second quarter, 4.3% of all residential mortgages were in some part of the foreclosure process, up from 3.85% at the end of the first quarter and 2.75% a year ago. In addition, on a...

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Times stay tough for Canadian commercial property

noreply@blogger.com (Dub) — Tue, 18 Aug 2009 06:40:00 PDT

Money was scarce and deals few in Canada's commercial real estate market in the first half of the year and recovery is likely to lag the turnaround in the residential sector, according to two reports...

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Daily Business Buzz:U.S. July housing starts fell 1.0 pct

noreply@blogger.com (Dub) — Tue, 18 Aug 2009 06:11:00 PDT

Starts and building permits with percent changes, seasonally adjusted annual rates in 1,000s of units: PCT CHANGE Jul Jun May Yr / Yr Starts -1.00% 6.50% 15.00% ...

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Daily Business Buzz: Fed extends TALF for commercial real estate

noreply@blogger.com (Dub) — Tue, 18 Aug 2009 05:18:00 PDT

The U.S. Federal Reserve moved on Monday to boost credit to the ailing market for commercial real estate by extending to mid-2010 an emergency lending program. The step is seen as crucial by the...

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Daily Business Buzz:US commercial real estate lending reemerging-Citi

noreply@blogger.com (Dub) — Mon, 17 Aug 2009 05:21:00 PDT

Competition in commercial real estate lending is reemerging on the U.S. west coast, possibly marking an early sign that the financing drought that has wreaked havoc with the sector is easing,...

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Daily Business Buzz: Goldman sees long road to recovery for REITs

noreply@blogger.com (Dub) — Mon, 17 Aug 2009 05:17:00 PDT

Goldman Sachs said it is cautious on real estate investment trusts (REITs) as it sees a long road to recovery, and downgraded SL Green Realty Corp and AvalonBay Communities Inc. Commercial real...

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More U.S. home sellers cutting prices - Trulia

noreply@blogger.com (Dub) — Fri, 14 Aug 2009 05:33:00 PDT

One in four U.S. homes for sale on Aug. 1 had their prices marked down at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday. A total of 24.4...

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Foreclosure plague: No cure yet

noreply@blogger.com (Dub) — Thu, 13 Aug 2009 12:51:00 PDT

The foreclosure plague continued to devastate last month. There were more than 360,000 properties with foreclosure filings -- including default notices, scheduled auctions and bank repossessions --...

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Citi's dirty pool of assets

noreply@blogger.com (Dub) — Thu, 13 Aug 2009 08:18:00 PDT

Hard as it may be to believe, shares of beleaguered Citigroup are on fire. The stock of the de facto U.S. government-owned bank is up some 300 percent after it cratered at around $1 back in early ...

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