(Los Angeles, CA) -- Galaxy superstar Landon Donovan listed his compound in Manhattan Beach for $4.295 million and in two weeks had an offer in hand.Built in 2007 and 2008, the compound is made up of two houses with a...
According to STR, the U.S. hotel industry reported increases in all three key performance metrics for second quarter 2012 in year-over-year measurements. The industry's occupancy increased 3.1 percent to 65.1 percent, average daily rate rose 4.7 percent to US$106.41 and revenue per available room was up 7.9 percent to US$69.32.
According to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, mortgage origination volumes during the second quarter of 2012 were up 25 percent from second quarter 2011 levels, and up 39 percent from the first quarter of 2012.
According to CoreLogic 's latest National Foreclosure Report for June, there were 60,000 completed foreclosures in the U.S. in June 2012 compared to 80,000 in June 2011 and 60,000 in May 2012. Since the financial crisis began in September 2008, there have been approximately 3.7 million completed foreclosures across the country. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.
Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure-play vacation ownership company, reported second quarter 2012 net income of $8 million, down from $16 million the previous year's quarter. However, on a bright note, North America segment timeshare sales increased 10 percent to $141 million - with volume per guest (VPG) increasing 14 percent year-over-year to $2,968.
There is a war going on in the Asia Pacific rim these days - not with guns but with dollar bills. Philippines-based Bloomberry Resorts Co. is taking 'prisoners' from nearby Macau, luring experienced casino managers from the world's largest gambling hub to its $1 billion emporium scheduled to open in Manila in first quarter 2013.
According to the National Multi Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions, for six quarters in a row the U.S. apartment industry improved across all indexes. The survey's indexes measuring Market Tightness (76), Sales Volume (54), Equity Financing (58) and Debt Financing (77) all measured at 50 or higher, indicating growth from the previous quarter.
According to new research paper by Ferguson Partners Ltd., a global executive recruitment consultancy, in partnership with the Asia Pacific Real Estate Association (APREA), reveals more bullish attitudes about Asia's real estate prospects for late 2012 and 2013, compared to the slowly recuperating U.S. and lagging European markets.
(Miami, FL) -- According to the Miami Association of Realtors, the total number of listings, including single-family homes and condominiums, that pended in Miami-Dade County during the month of June increased 22 percent, from 2,730 to 3,344, year-over-year but declined 13 percent compared to the previous month.
Just when you thought you had heard and read all of the diamond-smuggling mystery stories out of Africa, here comes a new twist. The Mail & Guardian, one of South Africa's oldest newspapers published in Johannesburg, alleges a top crony of Zimbabwe President Robert Mugabe is a key figure in a major money laundering scheme.
Wyndham Worldwide Corporation (NYSE:WYN), whose Wyndham Hotel Group encompasses more than 7,170 hotels with approximately 608,300 rooms worldwide, reported strong second quarter earnings July 26 as consumers continue to travel and seek Wyndham's "diversified product offerings."
Del Pacifico, a master-planned resort community on the central coast of Costa Rica near Quepos and Manuel Antonio, recently announced the launch of the Del Pacifico Club, a private residence club offering fractional real estate and carefree ownership.
According to London-based Knight Frank's second quarter 2012 Prime Global Cities Index, top tier properties located in top tier cities around the world are rising in value, despite a global economic slowdown. Since its low in Q2 2009 the Prime Global Cities Index - which tracks the performance of the top 5% of mainstream housing markets
Q1 - I recently opened an investment account and was wondering if/how that affects my credit? A - There are many different types of investment accounts. It would be helpful to ask the company you opened the account with whether the account is updated on your credit and whether a credit review occurred prior to approval of the account.
Homes sales are up in Beijing more than a year after the government imposed tough regulations on property sales. The real estate market in China's capital had cooled after the government announced a mix of credit and tax policies, restricted purchases of second or third homes in some cities and launched massive subsidized housing projects for low-income residents.
According to the Freddie Mac's latest Primary Mortgage Market Survey (PMMS), fixed mortgages rates in the U.S. continuing their streak of record-breaking lows. The 30-year fixed rate mortgage averaged 3.49 percent, more than a full percentage point lower than a year ago when it averaged 4.55 percent. Meanwhile, the 15-year fixed-rate mortgage, a popular choice for those looking to refinance, also set another record low at 2.80 percent.
Global commercial real estate firm CBRE announced this week that their client, Renta Corporación, has sold 80 Gran Vía, Madrid - a substantial hotel property located on the corner of the popular Plaza España for €20.5 million (approximately $25 million USD). The buyer, owner of the Hotel Chiqui in Santander, plans a considerable refurbishment of the 7,300 square metre property that will create a 160-bed hotel situated in one of the most central areas of the city.
According to the National Association of Home Builders (NAHB), the second quarter of 2012 results of the Remodeling Market Index (RMI) slipped under pressure from a softening labor market, dropping two points to 45. The downward adjustment comes after the RMI reached 48 twice in 2011, the highest reading since 2006.
According to the National Association of Realtors (NAR), pending home sales declined in June but marked 14 consecutive months of year-over-year gains. The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, slipped 1.4 percent to 99.3 in June from a downwardly revised 100.7 in May but is 9.5 percent higher than June 2011 when it was 90.7. The data reflect contracts but not closings.
Singapore's real estate investment market is humming again after a sluggish first half. London-based DTZ Research reports activity is up 48 percent from the first half. Investment increased to S$6.9 billion (US $5.5 billion). REITs led the rally. That performance compares with first-half investment deals totaling S$11.6 billion (US $9.2 billion), a decrease of 32 per cent, year over year.