Macquarie Group Ltd. (MQG), Australia's biggest investment bank. Macquarie has beaten the real estate investment herd by launching a record initial public offering in Mexico totaling 16.1 billion pesos ($1.2 billion USD). More than $370 million has been sold in Mexico and more than $775 million has been sold internationally, according to Fox Business News.
According to HUD and the U.S. Census Bureau this week, sales of new single-family homes increased 4.4 percent in November to a seasonally adjusted annual rate of 377,000 units. It was the highest monthly total since April 2010 when the federal home buyer tax credit expired.
(Miami, FL) - According to the Miami Association of Realtors and the local Miami Multiple Listing Service (MLS) system, the total number of listings, including single-family homes and condominiums, that pended in Miami-Dade County during the month of November increased 52 percent, from 2,226 to 3,374, year-over-year even though it was 19.1 percent less than the previous month.
According to the National Association of Realtors (NAR), pending home sales increased in November for the third straight month and reached the highest level in two-and-a-half years. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 1.7 percent to 106.4 in November from a downwardly revised 104.6 in October and is 9.8 percent above November 2011 when it was 96.9.
The US apartment market, that has been feeling its oats for a couple of years, also had a great November, according to an apartment market report released by Real Capital Analytics last week. Sales of apartment properties worth $2.5 million or more totaled $5.5 billion in November, up 19% year-over-year. Sales of garden properties totaled $3.5 billion, up 14% year-over-year, while sales of mid/high-rise properties totaled $2 billion, up 31% year-over-year.
Cleveland, OH-based Forest City Enterprises has completed new financing for its 76-story, 898-unit luxury condominium community in Lower Manhattan, NY. The developer says the transaction is valued at $1.05 billion. The deal makes New York City-based TIAA-CREF a 49 percent equity owner of the Frank Gehry-designed property at 8 Spruce Street.
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate in the U.S. finishes the year near record lows, helping to keep homebuyer affordability index high. The 30-year fixed eased slightly this week to average 3.35 percent, while the 15-year fixed remained unchanged at 2.65 percent.
Sitting at the southern tip of Chile and Argentina, the Patagonia region is truly one of the last frontiers...populated mainly by small tribal communities, hardy fishing villages, and an incredible diversity of wildlife and wonders that will literally take your breath away.
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in November 2012 were at a seasonally adjusted annual rate of 377,000.
Cash-loaded Chinese are flooding California's high-end home markets and U.S. brokers are in heaven over that situation. Many of the deals are reported to be all-cash transactions. Statistics are all over the place but the California Association of Realtors (CAR) is reporting in its latest research that Chinese buyers make up 39.1 percent of the international buyers of California homes today.
November is usually a slow month for commercial real estate sales in the US, but this year in November, the office market had its third highest dollar volume for the year and the largest year-over-year gain in 15 months, according to a recently released report on the office market by Real Capital Analytics.
Better than expected economic growth is fueling a rise in house prices and stronger property demand in Israel these days. Despite daily fears of violence and security threats from area militia groups, the real estate markets in the 8,500-square-mile Middle East country are prospering, according to various media and analyst reports.
Been everywhere? Done everything? Well...ever been to Antarctica? Ever camped in Antarctica? Well, now's your chance. Now's your chance to sleep under the stars in Antarctica, taking in the summer night (and 24-hour sun) from a surprisingly-comfortable tent.
It's a deal that will make Frankfurt-based Patrizia Immobilien AG (FRA: P1Z) one of the biggest commercial real estate operators in Europe. The German company has contracted to buy Tamar Capital Group, a London-based real estate investment and asset management company.
After four years of sitting on the sidelines, Japanese billionaire Akira Mori announced his Tokyo-based Mori Trust Co. plans to start buying up to 100 billion yen ($1.2 billion) in properties in Tokyo, New York and London. Mori Trust Co. is Japan's most profitable closely held development firm.
Then we think of Switzerland, a lot of images come to mind. Medieval towns and villages. The magnificent Alps, snow-covered and jutting into a crystal-clear sky. A colorful ethnic mix of German, French, and Italian ancestry. Great food. And sophisticated international cities.
Turkey real estate sales dropped by 2.35% in the third quarter compared to the previous period, but the news wasn't all that bad. When compared with results of the same period last year, general sales have experienced a growth of 1.76%. Averaging the last four quarters, a 6.76% increase was seen in sales in general.
Quatari Diar and Canary Wharf Group Plc, whose London history dates to the 1500s, are joint-venturing a $1.6 billion (one billion British pounds) redevelopment of London's South Bank area where the noted Shell Center Tower will continue to be the centerpiece of the 880,000-square-foot undertaking. Completion is tentatively scheduled for 2019.
Ireland is a feast for the senses. The sight of winding country roads lined by thatched cottages, with generations of "the ancestors" buried in the back. The sounds of the local pub on "Traditional Music Night," when happy singing and laughter echo into the night.
Q1 - What are the current rates? I am looking to purchase a home and I am trying to figure out what I can afford as a monthly payment. I think a 30 year fixed is the best mortgage for me, but are the rates lower on a 7 year ARM?