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United States

Housing Market

U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed

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WASHINGTON The net worth of U.S. households increased in the third quarter as U.S. stock prices and real estate values continued to flourish, a report by the Federal Reserve showed on Thursday.

BlackRock to move to New York's trendy Hudson Yards district

NEW YORK BlackRock Inc, the world's largest asset manager, plans to move its headquarters in 2022 from midtown Manhattan to a massive new office tower in the fast-growing Hudson Yards district on the city's far West Side, the developers said on Thursday.

11:14am EST

Bank lobby presses for commission to lead consumer watchdog agency

WASHINGTON Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency - but this time around they may see those changes become reality.

Dec 07 2016

U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

Dec 07 2016

NHL to move headquarters to New York's far West Side

NEW YORK The National Hockey League will relocate its headquarters and a retail showroom to a new development on Manhattan's far West Side, putting it just a block away from a major hockey venue, Madison Square Garden, the site developer said on Wednesday.

Dec 07 2016

Turkish-Arab investors to spend 300 million euros on luxury Greek resort

ATHENS A Turkish-Arab fund plans to spend up to about 300 million euros ($322 million) to redevelop a luxury seaside resort outside Greece's capital Athens, bringing significant foreign investment into the cash-strapped country, the fund said on Tuesday.

Dec 06 2016

Homebuilder Toll Brothers eyes millennials as revenue growth continues

U.S. luxury homes builder Toll Brothers Inc's revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook.

Dec 06 2016

Barclays to lease office space in Canary Wharf to British government

LONDON Barclays said on Tuesday it has agreed to lease office space in London's Canary Wharf district to the British government in an effort to save about 35 million pounds ($45 million) annually.The Cabinet Office will lease about 540,000 square feet of space in 10 South Colonnade, according to a statement. The handover is expected to be completed by the end of next year.As part of the move Barclays staff in the building will transfer to existing sites nearby and no employees will lose their jobs as a result of the move, the statement said.

Dec 06 2016

Fears of losing home and land plague one in four Indians, new poll shows

LONDON (Thomson Reuters Foundation) - About a quarter of homeowners in India, and nearly one in five rural landowners, fear losing their property, in most cases because they do not have documents to prove ownership, according to a new poll.

Dec 06 2016

Brexit could delay half of central London commercial property developments: Savills

LONDON Up to half of planned commercial developments in central London could be delayed over the next few years due to concerns about Brexit, and overall investor returns will be flat in 2016, estate agents Savills said on Tuesday.

Dec 06 2016