United States

Housing Market

Homeownership among young Brits plunging amid house price surge: study

LONDON (Thomson Reuters Foundation) - Homeownership among young adults in Britain has plunged over the last two decades as property prices have climbed dramatically faster than incomes, researchers said on Friday.

Cedar Realty reaches settlement with activist hedge fund Snow Park

Cedar Realty Trust Inc said on Friday it had reached a settlement agreement with Snow Park Capital Partners LP, bringing an end to the activist hedge fund's campaign against the retail-focused real estate investment trust (REIT).

Feb 16 2018

U.S. homebuilding soars in January; import prices jump

WASHINGTON U.S. homebuilding rose to more than a one-year high in January, boosted by strong increases in the construction of both single- and multi-family housing units, and further gains are likely with building permits surging to their highest level since 2007.

Feb 16 2018

After weeks in lockstep, stocks and bonds go their separate ways

LONDON Global stocks seem to have finally stopped worrying about their bond market cousins.

Feb 16 2018

U.S. housing starts rebound; permits highest since 2007

WASHINGTON, Feb 16 U.S. homebuilding increased to more than a one-year high in January, boosted by a rebound in the construction of single-family housing units, and further gains are likely as building permits soared to their highest level since 2007.

Feb 16 2018

Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

MEXICO CITY When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.

Feb 16 2018

U.S. mortgage applications fall as home loan rates hit four-year high: MBA

NEW YORK U.S. mortgage application activity fell to its lowest in five weeks as interest rates on 30-year fixed-rate home loans jumped to their highest in four years, the Mortgage Bankers Association said on Wednesday.

Feb 14 2018

UK firms plan biggest pay rises since 2008, boosting rate hike case

LONDON British workers are in line for their biggest pay rises since 2008 this year as a higher minimum wage kicks in, according to a Bank of England survey that is likely to fuel concerns among its policymakers' over inflationary pressures.

Feb 14 2018

China's Dalian Wanda sells 17 percent stake in Spain's Atletico Madrid

MADRID Dalian Wanda Group has sold a 17 percent stake in Atletico Madrid, the Spanish soccer club said on Wednesday, the latest step in the Chinese conglomerate's strategy to reduce debt.

Feb 14 2018

Vornado says will sell stake in Kushner's flagship Manhattan tower

NEW YORK One of New York's largest property owners said on Tuesday it would sell its minority stake in a Manhattan office tower on Fifth Avenue controlled by the family of President Donald Trump's son-in-law, Jared Kushner.

Feb 13 2018