United States

Housing Market

Tight supply keeps U.S. home prices grinding up in April


NEW YORK U.S. single-family home prices rose in April due to tight inventory of houses on the market and low mortgage rates, a survey showed on Tuesday, and economists see no imminent change in the trend.

Property markets outlook remains strong as golden age fades: PGIM

NEW YORK A golden period in global property markets appears near an end as rising interest rates and lower returns hurt performance, but the outlook for real estate remains strong, asset manager PGIM said on Tuesday.

3:31pm EDT

Hong Kong wealth gap at its widest in decades as handover anniversary nears

HONG KONG As Hong Kong marks 20 years since the former British colony was handed back to China, vegetable seller Lau Mei-tin is in no mood to celebrate. | Video

10:53am EDT

U.S. apartment vacancy rate edges up in second quarter: Reis

The U.S. apartment vacancy rate increased in the second quarter and rents were higher, according to a report from Reis Inc .

Jun 26 2017

U.S. jurors hear closing arguments over Iran-linked office tower

Lawyers for the United States on Monday urged jurors to allow the U.S. government to seize a Manhattan office tower from a non-profit for violating U.S. sanctions against Iran.

Jun 26 2017

Spain's Bankia and BMN boards meet to discuss merger: sources

MADRID Bankia and mid-sized bank BMN are holding board meetings on Monday to discuss a potential merger deal that would create a new entity with total assets of around 230 billion euros, two sources with knowledge of the deal said on Monday.

Jun 26 2017

Berkshire bulks up in real estate with Store Capital stake

NEW YORK Berkshire Hathaway Inc has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp, adding to bets in the sector by the conglomerate controlled by billionaire Warren Buffett.

Jun 26 2017

U.S. home lenders see leaner times ahead: Fannie Mae survey

U.S. mortgage lenders are bracing for rockier times as consumers demand for home loans slows and competition in the mortgage industry intensifies, Fannie Mae's latest quarterly survey released on Monday showed.

Jun 26 2017

UK consumer lending growth in May slowest since 2015: BBA

LONDON British consumers increased their borrowing at the slowest pace in more than a year-and-a-half in May and banks offered fewer mortgages, data from the country's banking industry showed on Monday, adding to signs of a slowdown in the economy.

Jun 26 2017

Tech, energy shares lift Wall Street

NEW YORK Wall Street ended higher on Friday as gains in tech and energy stocks more than offset weakness in the financial sector, while a slide in Home Depot kept the Dow in check.

Jun 23 2017