United States

Housing Market

Exclusive: Blackstone readies new Asia real estate fund of at least $5 billion: sources


HONG KONG Blackstone Group LP is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters.

Singapore to prop up Southeast Asia's muted IPO market in 2017

KUALA LUMPUR/SINGAPORE Singapore is set to be 2017's hottest spot for initial public offerings (IPOs) in tropical Southeast Asia with sales of stakes in business and real estate trusts, while currency volatility and weak investor sentiment curb deals elsewhere in the region.

Jan 22 2017

China's property, financial sectors' growth slower in Q4 despite uptick in services

BEIJING Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics (NBS) data showed on Saturday.

Jan 22 2017

As Trump takes over, U.S. ends plan to cut mortgage premiums

WASHINGTON The Trump administration, hours after taking office on Friday, suspended a plan to cut mortgage insurance premiums on federally insured home loans that the U.S. government had estimated would save eligible homeowners an average of $500 a year.

Jan 20 2017

Cadillac Fairview sells 50 percent of its Vancouver portfolio

Real estate manager Cadillac Fairview said on Friday that it agreed to sell a 50 percent interest in its Vancouver portfolio to Ontario Pension Board and the Workplace Safety and Insurance Board.

Jan 20 2017

Two China real estate consultancies halt monthly home price data

BEIJING At least two major Chinese private providers of home price data have stopped publishing the figures, at a time when economists are split whether the red-hot property market will remain a driver of the economy in 2017.

Jan 20 2017

Geffen's estate purchase tops Hamptons luxury home sales in 2016

NEW YORK Hollywood mogul David Geffen's $70 million purchase of an oceanfront estate topped luxury home sales last year in New York's Hamptons, but a sharp price drop after the No. 2 spot reveals a dismal year, a local brokerage reported on Thursday.

Jan 19 2017

U.S. economy shows strength on eve of Trump presidency

WASHINGTON U.S. homebuilding rebounded sharply in December as a firming economy boosts demand for rental housing, while an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to a further tightening in the labor market.

Jan 19 2017

U.S. housing starts rebound strongly in December

WASHINGTON U.S. homebuilding rebounded more than expected in December, suggesting that the housing market contributed to economic growth in the fourth quarter.

Jan 19 2017

UK house price growth slows for first time since July: RICS

LONDON Britain's housing market had its weakest month since just after June's Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a closely watched survey of property valuers showed on Wednesday.

Jan 18 2017