Mortgage rates in the US increase for first time in six weeks
US mortgage rates rose for the first time since early March.
Real Estate News
Swedish realtors grow more pessimistic on apartment prices
SWEDEN’S real estate agents expect no imminent reversal of one of the world’s biggest housing price declines that shaved some 15 per cent off the value of homes in the Nordic country.
Blackstone sees US real estate boon from tight credit
THERE’S a silver lining to the pullback in US commercial real estate and tighter construction lending – it should act as a boon in the long term, according to Blackstone’s Jonathan Gray.
US builders are winning as search-weary buyers rush to new homes
IN A US housing market warped by sharply higher interest rates, homebuilders possess what buyers crave: inventory.
Workers’ Party MP Louis Chua queried on housing affordability views
IN AN exchange in Parliament on Wednesday (Apr 19), People’s Action Party member of parliament Saktiandi Supaat said it was “odd” that Louis Chua of the opposition Workers’ Party (WP) appeared to take two different positions on whether housing in Singapore continues to be affordable.
US 30-year mortgage rate climbs by most in two months to 6.43%
US mortgage rates increased last week by the most in two months to 6.43 per cent, denting already sluggish demand.
UAE property developer Damac sells US$400 million Islamic bond
DUBAI-BASED real estate developer Damac on Tuesday (Apr 18) sold a three-year US$400 million Islamic bond, or sukuk, amid a strong rebound in the emirate’s real estate sector.
Excelsior Hotel and Shopping Complex en bloc tender closed; private talks ongoing
THE en bloc tender for Excelsior Hotel and Shopping Complex is closed and private negotiations are now ongoing with interested parties, sole marketing agent Cushman & Wakefield told The Business Times on Wednesday (Apr 19).
US homebuilder sentiment improves for fourth straight month: NAHB
CONFIDENCE among US single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boost demand for new houses, but a shortage of building materials remains a challenge.