S&P Global downgraded its outlooks on five regional U.S. banks to "negative" from "stable" due to their commercial real estate (CRE) exposures, the ratings agency said on Tuesday.
April 26, 2024
New York state could start seizing Donald Trump's properties if he doesn't post a bond by Monday to cover a $454 million civil fraud judgment, but it may be well over a year
April 26, 2024
Sales of new U.S. single-family homes unexpectedly fell in February, but data for the prior month was revised higher, pointing to underlying strength as a shortage of previously
April 26, 2024
While the increase in interest rates engineered by the Federal Reserve over the last two years put a damper on the overall U.S. housing market, it took a sledge
April 26, 2024
U.S. homebuilder confidence rose in March to the highest level since July due to easing mortgage rates and an improved pricing environment amid a continued
April 26, 2024
Goldman Sachs Asset Management will resume "actively investing" in U.S. commercial real estate this year because the market is bottoming out, the co-head of its real estate
April 26, 2024
LaSalle Investment Management is reducing its exposure to offices in Europe and believes between 20% and 30% of office space in the region could be "obsolete
April 26, 2024
New York Community Bancorp's turnaround will likely take a long time as analysts expect profits to remain under pressure from the lender's efforts to boost
April 26, 2024
Home prices in most major property markets will rise modestly this year and next, according to a Reuters poll of housing specialists, who expected the shortage of
April 26, 2024
Some big Chinese developers are set to offload more real estate in Britain to raise cash, property agents say, making the most of a slowly thawing
April 26, 2024
Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed
April 26, 2024
U.S. home prices will rise steadily over the next few years amid prospects for modest interest rate cuts by the Federal Reserve and as many
April 26, 2024
Pending U.S. home sales retreated in January, a report on Thursday showed, as buyers continue to struggle with still-high mortgage rates.
April 26, 2024
U.S. annual home prices rose again in December, although housing price growth slowed during the fourth quarter of 2023 from the prior three-month period.
April 26, 2024
Luxury residential property bucked the trend of falling prices in 2023 and rose 3.1%, as double-digit gains in the likes of Manila and Dubai offset falls in New York
April 26, 2024
Sales of new U.S. single-family homes rose less than expected in January, likely curbed by frigid weather, but demand for new construction remains underpinned by a persistent
April 26, 2024
Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China's property crisis results
April 26, 2024
Deutsche Pfandbriefbank (PBB), one of Germany's top property financiers dating back to the 1860s and bailed out by the government in 2009, is
April 26, 2024
Banks globally will likely rack up further losses on office property loans as a bruising crash in valuations leads to more defaults, credit rating agency Morningstar
April 26, 2024
Some assets in the U.S. commercial real estate sector may need recapitalising or restructuring but the market is efficient, Bank of America President Bernard Mensah said on Monday.
April 26, 2024
New York Community Bancorp's exposure to commercial real estate has intensified investor scrutiny around regional banks,
April 26, 2024
New York Community Bancorp shares swayed between gains and losses in early trading on Friday, reeling under credit-rating cuts over its exposure to the troubled commercial real estate (CRE
April 26, 2024
Swedish builder Skanska on Friday reported a steep fall in fourth-quarter operating profit as property value writedowns weighed, and proposed a lowered dividend.
April 26, 2024
U.S.
April 26, 2024
Morningstar DBRS downgraded the credit rating of New York Community Bancorp to "BBB" from "BBB (high)" on Thursday, citing the lender's "outsized" exposure to commercial real estate loans
April 26, 2024
New York Community Bancorp shares fell 6% before the bell on Thursday as the lender struggles to regain investor confidence despite promising steps to cut its exposure to the troubled
April 26, 2024
U.S.
April 26, 2024
New York Community Bancorp cut its dividend last week and recorded a surprise quarterly loss on the hit from the beleaguered commercial real estate (CRE) sector, reviving fears about the
April 26, 2024
New York Community Bancorp on Wednesday pledged to reduce its exposure in the troubled commercial real estate (CRE) sector, attempting to reassure investors who have dumped the stock since
April 26, 2024
U.S.
April 26, 2024
A sell-off in regional U.S. bank stocks triggered by New York Community Bancorp last week has brought the group's exposure to commercial real estate (CRE) in focus for analysts and
April 26, 2024
A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed
April 26, 2024
The first proper U.S. financial market tremors of 2024 have been felt and unsurprisingly, perhaps, commercial real estate is at the heart of the
April 26, 2024
The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% more
April 26, 2024
U.S. home prices rose in November at the swiftest annual rate in 11 months, indicating a recovery in the housing market may be taking hold.
April 26, 2024
Activist investor Land & Buildings Investment Management has nominated three director candidates at Ventas, the owner of senior housing communities confirmed
April 26, 2024
Smith Douglas Homes notched a valuation of $1.21 billion in its market debut on Thursday, after the homebuilder's shares rose 11.9% at open on the New York Stock Exchange.
April 26, 2024
Smith Douglas Homes is seeking a valuation of $1.08 billion in its U.S. initial public offering, the homebuilder said in a regulatory filing on Wednesday.
April 26, 2024
Pending U.S. home sales remained unchanged in November, data released Thursday showed, signaling traffic from prospective buyers is slow to recover despite
April 26, 2024
Federal prosecutors and the top U.S. agency for consumer financial protection are suing a Texas real estate developer they accused of targeting thousands of Hispanic borrowers in a
April 26, 2024
Spain's Santander on Wednesday announced it had clinched a transaction with the Federal Deposit Insurance Corporation (FDIC) to acquire a 20% stake in a U.S. real estate asset
April 26, 2024
The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9 billion real estate
April 26, 2024
A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear before it can be
April 26, 2024
The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio,
April 26, 2024
The investment firms that lobbed in a $5.8 billion acquisition offer for Macy's Inc are unlikely to clinch a deal but may be successful in getting the U.S.
April 26, 2024
Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental deals as fewer
April 26, 2024
Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand
April 26, 2024
U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday.
April 26, 2024
The Justice Department and National Association of Realtors tangled on Friday in an appeals court over the government's decision to close, and then re-open, an
April 26, 2024
The management of Signa Holding GmbH will apply to launch self-administrated insolvency proceedings with a Vienna court on Wednesday, the Austrian property group said in a statement
April 26, 2024
Canada introduced tax measures on Tuesday to ease a severe rental housing shortage by limiting income tax deductions on short-term rentals on services such as Airbnb Inc and VRBO,
April 26, 2024
Issuance of securities backed by U.S. commercial real estate (CRE) loans posted a rare rebound last quarter, but sector struggles will likely persist through 2023, according
April 26, 2024
Blackstone is the lead to win the $17 billion portfolio of commercial-property loans from the U.S.
April 26, 2024
Global asset manager Invesco is overweight on Chinese assets in its Asian funds and adding exposure to Hong Kong's beaten-down real estate sector where dividend yields are
April 26, 2024
WeWork is making its first U.S. bankruptcy court appearance on Wednesday, seeking to advance a restructuring proposal that could cut $3 billion in debt and
April 26, 2024
The troubles faced by co-working titan WeWork are darkening the outlook for the world's largest business hubs, where rising office vacancies are already heaping
April 26, 2024
Shares in Douglas Elliman, Redfin, Compass and eXp World Holdings fell on Wednesday after they were sued for allegedly conspiring to
April 26, 2024
U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday.
April 26, 2024
A U.S. jury in Missouri on Tuesday said the National Association of Realtors and several real estate companies together owe more than $1.7 billion in class action damages
April 26, 2024
Spain's Santander is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday.
April 26, 2024
Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes and improved occupancy in its self-storage
April 26, 2024
Single-family rental giant Invitation Homes Inc on Wednesday trimmed its full-year core funds from operations (FFO) forecast, amid growing weakness in the real-estate sector due to higher
April 26, 2024
The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to
April 26, 2024
Hong Kong leader John Lee began delivering his annual policy statement on Wednesday, with a focus on measures to bolster the ailing property market and stabilising an economy
April 26, 2024
PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing
April 26, 2024
WeWork's Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley
April 26, 2024
U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers.
April 26, 2024
A major group of Country Garden offshore bondholders has appointed PJT Partners as financial advisors to lead discussions with the
April 26, 2024
Blackstone Inc, the world's largest private equity firm, said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-
April 26, 2024
Homebuilder confidence fell in October to the lowest levels since January, according to a report released Tuesday, signaling sky-high mortgage rates are weighing
April 26, 2024
U.S. private-equity firm KKR said on Monday it has completed the sale of an industrial property portfolio of 5 million square feet (465,000 square meters) for a total aggregate value of
April 26, 2024
As the final stretch of the year approaches, there's relief in markets that the sharpest global monetary tightening cycle in decades is finally nearing an end.
April 26, 2024
The U.S.
April 26, 2024
Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according
April 26, 2024
The New York judge who found Donald Trump liable for fraud on Wednesday stopped short of addressing whether his scathing decision would force the former U.S.
April 26, 2024
Prices of homes being sold in Britain are close to their record highs after the biggest annual increase in a year, according to an industry survey that suggested the momentum in the
April 21, 2024
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices
April 18, 2024
General Motors and real estate firm Bedrock will jointly study how to redevelop the automaker’s huge headquarters tower complex in downtown Detroit, a person briefed on the plans said
April 15, 2024
Shop for a home now or hold out for possibly lower mortgage rates
April 11, 2024
The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales
April 11, 2024
A Vietnamese real estate tycoon was sentenced to death in the country’s biggest ever financial fraud case, underlining an intensifying anti-corruption drive in the southeast Asian nation
April 11, 2024
The Spanish government says it will scrap so-called “golden visas” that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate
April 08, 2024
The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year
April 04, 2024
Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions
March 22, 2024
Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year as homebuyers were encouraged by a modest pullback in mortgage rates and more properties on the market
March 21, 2024
The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions
March 19, 2024
The mansion that was Freddie Mercury's sanctuary in London and where he lived the final decade of his life is on sale for the first time in nearly 45 years
March 18, 2024
A powerful real estate trade association has agreed to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions when they sold their home
March 15, 2024
China stocks are mixed as the country scrambles to avoid major real estate developer bankruptcy
March 13, 2024
An unusual legal challenge may upend the future of a Chicago ballot measure that would hike a real estate tax on high-end properties sales to pay for services for homeless people
March 03, 2024
A billionaire-backed proposal to build an eco-friendly California city from scratch is off to a bumpy start in qualifying its voter initiative for the Nov. 5 ballot
February 29, 2024
Sales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market
February 22, 2024
The birthplace of one of Illinois' more notorious politicians might soon be up for sale
February 18, 2024
The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season
February 15, 2024
Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers
February 08, 2024
Beijing has replaced the head of the China Securities Regulatory Commission in an apparent effort to restore confidence in the stock market following major losses in domestic share prices
February 07, 2024
China has rolled out a flurry of measures to help prop up its ailing property market, while also promising to boost government spending
February 02, 2024
One of the nation’s largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions
February 02, 2024
China's leaders have launched a barrage of new policies to prop up languishing financial markets and rekindle growth in the world's second-largest economy
January 26, 2024
U.S. homebuilder D.R. Horton Inc on Tuesday raised its forecast for full-year home sales, as declining mortgage rates ease affordability for homebuyers.
January 23, 2024
HONG KONG (Reuters)PROPERTY/DEBT-COUNTRYGARDEN - A major group of Country Garden offshore creditors has appointed Kirkland & Ellis LLP as the legal adviser, a source familiar with the matter said, in
January 22, 2024
Falling inflation and expectations of an economic soft landing are buoying hopes for U.S. real estate stocks in 2024, even as the sector continues to lag the
January 19, 2024
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans
January 19, 2024
After years of secretly snapping up property for plans to build a new California city, a company backed by Silicon Valley billionaires is taking the pitch to voters
January 17, 2024
The average long-term U.S. mortgage rate rose for the second time in as many weeks, climbing to its highest level in four weeks
January 11, 2024
The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades
January 04, 2024
Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year
December 21, 2023
Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers
December 20, 2023
A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip
December 13, 2023
A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29
December 03, 2023
Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash
November 09, 2023
A federal jury in Missouri delivered a $1.8 billion verdict against the National Association of Realtors and three major real estate brokerages on Tuesday, finding them guilty of illegally inflating commissions by conspiring to require home sellers to pay the buyer’s agent. This landmark antitrust case could reshape how homes are bought and sold in America by potentially changing the traditional compensation structure, where seller’s agents split a 5-6% commission with the buyer’s agent. For decades, it has been standard practice for home sellers to pay their listing agent a commission, typically around 3% of the sale price, which is
November 06, 2023
The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement
November 02, 2023
A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill
November 01, 2023
China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing
October 30, 2023
Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub
October 25, 2023
Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market
October 19, 2023
Former President Donald Trump has returned to the New York civil fraud trial that imperils his real estate empire
October 17, 2023
Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power
October 12, 2023
Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts
October 10, 2023
Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week
October 03, 2023
The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended
September 28, 2023
Does a judge’s fraud finding spell the end of Donald Trump’s real estate empire
September 27, 2023
A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House
September 26, 2023
The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale
September 25, 2023
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers
September 21, 2023
Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer
September 17, 2023
First Solar says several large rivals are infringing on patents
Results from Alphabet and Snap lift shares of online ad sellers
L3Harris unit making rocket motors used in Ukraine says business has surged
China 'bazooka' fizzles, dollar on the march
Australia's Lynas Rare Earths first-quarter revenue falls nearly 6%
Political art mysteriously pops up in DC ahead of Election Day
Visa profit beats expectation on resilient consumer spending
EA raises annual bookings forecast as American football titles outperform