Finance :: Real Estate
It’s a 21st century paradox: Detroit enters 2014 in bankruptcy, the largest public case in U.S. history and facing $18 billion or more in debt. Yet the Motor City’s resurgent auto industry is strong enough to host a show that will generate nearly $400M.
The Manhattan penthouse featured in "Wolf of Wall Street" is now on the market. For a cool $6.495 million, you could be a wolf, too.
Spirit on Lake, a 46-unit affordable housing complex marketed to older members of the gay, lesbian, bisexual and transgender community. Only the second building of its kind in the United States - more planned in Chicago, Philadelphia and San Francisco.
San Francisco’s real estate market is booming, with the price of a home soaring to about 50 percent more than in 2009. The news is great for the real estate business, but it has also sparked protests by longtime San Franciscans priced out of their homes.
U.S. homebuilders’ confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58.
Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.
Three of the biggest U.S. lenders failed this year to meet some requirements for giving relief to struggling homeowners in a $25 billion settlement over foreclosure abuses, according to an official.
U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell.
Fewer Americans bought existing homes in October, as higher mortgage rates, the 16-day partial government shutdown and a limited supply of houses on the market reduced sales.
Activist investor Bill Ackman’s company has disclosed stakes in government-controlled mortgage giants Fannie Mae and Freddie Mac.