Real Estate

  • Rate rise not needed if Govt was doing its job - Labour Fuseworks - 11 minutes ago

    Today’s interest rate rise wouldn’t have been necessary if the Government had been doing its job properly and targeting the sources of inflation, Labour says. "New Zealand interest rates are among the highest in the world, putting more and more pressure on our exchange rate to the detriment of exports," Finance spokesperson David Parker says. "With the Reserve Bank tipping interest rates to go to 8 per cent this is going to cause real pain for home owners and will make the dream of home ownership unattainable for many more Kiwis. We will, and will be releasing details of how we will go about that next Tuesday," David Parker said.

  • 'Govt inaction' on power and housing to blame for rate rise Fuseworks - 26 minutes ago

    Green Party Co-leader Metiria Turei says today’s interest rate rise, that will hit home owners and businesses, is a consequence of the government’s failure to get a grip on electricity prices and the property market, particularly in Auckland. "The Green Party has long suggested a more actively managed housing sector to reduce housing speculation. "National is driving us towards mortgage rates over 8%, and that will really hurt already stressed home owners and families struggling to keep their heads above water. "The Greens will not site idle while everyday New Zealanders struggle with rapidly rising interest rates.

  • Village Homes acquires lots to build new neighborhood at Arvada's popular Candelas community develop … PR Newswire - 42 minutes ago

    ARVADA, Colo., April 23, 2014 /PRNewswire/ -- Leading Western homebuilder Village Homes has acquired 201 lots in Arvada's popular Candelas community development, with plans this fall to open models showcasing its diverse selection of low-maintenance homes specifically designed to appeal to families, pre-retirees and retired buyers. Thanks in large part to its stunning 360-degree views of downtown Denver and the Front Range, Candelas is quickly running out of lots for homebuilders to purchase as hundreds of families decide to make their new home in Arvada's environmentally-friendly and western-most new community.   The new Village Homes offerings will make up the bulk of Candelas' ValleyView Village neighborhood situated in the center of the 1,400-acre community. Developed by Arvada Residential Partners, LLC, Candelas lays just to the south of Rocky Flats National Wildlife Refuge, a sprawling 6,240-acre protected expanse that includes rare tall grass prairie and a wide variety of animal species.  Open space, lakes, parks and greenbelt areas are numerous throughout the area.

  • U.S. new home sales hint at prolonged housing weakness Reuters - 1 hour 47 minutes ago
    U.S. new home sales hint at prolonged housing weakness

    Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.

  • Cushman & Wakefield | Commerce Adds Will Carroll to Seattle Tennant Rep Team Marketwired - 2 hours 7 minutes ago

    The Seattle branch of Cushman & Wakefield | Commerce has added Will Carroll to its roster as an associate. He will primarily conduct tenant representation in Seattle.

  • Gladstone Commercial Corporation Announces Property Acquisition in Rancho Cordova, CA PR Newswire - 2 hours 9 minutes ago

    MCLEAN, Va., April 23, 2014 /PRNewswire/ --  Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported today that it purchased a 61,358 square foot creative office building located ...

  • Real Estate Industry Headliners To Speak at NAREE’s Houston Conference in June Business Wire - 2 hours 38 minutes ago

    Global real estate developer Gerald Hines, Hugh Kelly, chair of the Counselors of Real Estate, and ULI healthy communities expert Rachel MacCleery will join leading economists and

  • Global Real Estate Software Market 2014-2018 PR Newswire - 3 hours ago

    DUBLIN, April 23, 2014 /PRNewswire/ -- Research and Markets ( ) has announced the addition of the "Global Real Estate Software Market ...

  • Top 10 Fastest-Selling Housing Markets This Spring The Fiscal Times - 5 hours ago
    Top 10 Fastest-Selling Housing Markets This Spring

    The real estate market’s spring selling season is off to a strong start in parts of California and in Seattle and Denver. The rest of the country, however, has seen a slowdown. U.S. sales of new single-family ...

  • FHFA Housing Price Index: Will it be 24-in-a-row for home prices? Market Realist - 5 hours ago

    The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinances on the same properties.

  • Absolute Sticker Shock for New Home Prices 24/7 Wall St. - 5 hours ago

    After the U.S. Census Bureau released data on new single-family home sales for March Wednesday morning, the big shocker was that new home sales fell by a whopping 14.5% to a seasonally adjusted annual ...

  • ZipRealty Announces Conference Call to Discuss First Quarter 2014 Financial Results Thomson Reuters ONE - 5 hours ago

    EMERYVILLE, Calif. , April 23, 2014 - ZipRealty, Inc. ( ) (NASDAQ: ZIPR), a leading online residential real estate brokerage and provider of technology and real estate marketing ...

  • U.S. new home sales dive to eight-month low in March Reuters - 6 hours ago
    U.S. new home sales dive to eight-month low in March

    Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month. The housing market has been slammed by an unusually cold and snowy winter, higher mortgage interest rates and a shortage of properties that is limiting options for potential buyers. Data on Tuesday showing a mild decline in home resales last month had offered hope the housing market could be stabilizing.

  • Real Estate Expert Brendon DeSimone Debuts First Book PR Newswire - 7 hours ago

    NEW YORK, April 23, 2014 /PRNewswire/ -- Today, nationally recognized real estate expert Brendon DeSimone announces the debut of his first book, Next Generation Real Estate: New Rules for Smarter Home Buying & Faster Selling (Changing Lives Press, $17.38), available now.    The result is a new portrait of the American Dream and a new world of real estate; DeSimone introduces Next Generation Real Estate as a go-to guide for consumers. Highlighting new trends and offering insider tips for any part of the country, DeSimone breaks down barriers and levels the playing field for Millennial, Gen X and Baby Boomer buyers and sellers today.

  • Mike Holmes partners with Bezooyen Contracting CNW Group - 7 hours ago

    LETHBRIDGE, AB, April 23, 2014 /CNW/ - The Holmes Group, in association with Bezooyen Contracting Inc., is pleased to announce a new partnership with the Lethbridge, Alberta custom home builder. Bezooyen Contracting joins the Holmes Approved Homes program as an official Partner Builder. Mike Holmes launched the program in 2011 so homebuyers across Canada could purchase a home built to Mike's building specifications. "I like the way Bezooyen builds custom homes," stated Mike Holmes, President of The Holmes Group.

  • California Pending Home Sales Jump in March; Short Sales Drop to Lowest Level in Nearly Six Years, C.A.R. … Business Wire - 7 hours ago

    In an encouraging sign for a healthier spring home-buying market, California pending home sales increased more than usual and rose to the highest level in eight months. Meanwhile,

  • Massachusetts homes sales down in March AP - 7 hours ago

    Two organizations that follow Massachusetts' real estate market say a shortage of homes on the market is driving down sales while driving up prices. The Massachusetts Association of Realtors reported Wednesday ...

  • Undeveloped Roanoke County land bordered by Tinker Creek to sell in Woltz auction PR Newswire - 7 hours ago

    ROANOKE, Va., April 23, 2014 /PRNewswire/ -- A 14.89-acre commercial property in Roanoke County bordered by Hollins Road and Tinker Creek will sell at auction Tuesday, May 20 – possibly at a price that's more than 40 percent below its tax assessed value. Woltz & Associates will manage the sale. "This is an incredible opportunity on a commercial property that combines approximately 460 feet of frontage on Hollins Road, easy access to Interstate 81, stunning views of the Blue Ridge Mountains, and frontage on Tinker Creek," said Jim Woltz, president of the Roanoke-based auction company. "At one time, Fellowship Baptist Church had plans for building on the site, and it was cleared for that purpose.

  • Sales of new US homes plunge 14.5 percent in March AP - 7 hours ago
    Sales of new US homes plunge 14.5 percent in March

    The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start. The Commerce Department said Wednesday ...

  • New-Home Sales in U.S. Unexpectedly Slump to Eight-Month Low Bloomberg - 7 hours ago

    Sales dropped 14.5 percent to a 384,000 annualized pace, lower than any forecast of economists surveyed by Bloomberg and the weakest since July, Commerce Department data showed today in Washington. The median forecast of 74 economists surveyed by Bloomberg News called for the pace to accelerate to 450,000. The housing recovery has slowed as higher borrowing costs and rising prices make properties less affordable.

  • Liberty Property Q1 FFO a Penny Short Zacks - 8 hours ago

    Liberty Property's first-quarter 2014 FFO of 58 cents per share fell a penny short of the Zacks Consensus Estimate and came 7 cents below the prior-year quarter figure.

  • Partners Real Estate Investment Trust Announces Closing of Ontario Property Acquisition Marketwired - 8 hours ago

    Partners Real Estate Investment Trust is pleased to announce that it has closed its acquisition of three retail centres under the terms described in the REIT's press release dated April 2, 2014. The REIT ...

  • The Chicago Fed National Activity Index: Economy growing on trend Market Realist - 10 hours ago

    The Chicago Fed National Activity Index isn’t really a market-moving index, but it is a good top-down view of how the economy is generally performing.

  • US new-home sales likely rose in March Associated Press - 12 hours ago
    US new-home sales likely rose in March

    The Commerce Department reports on sales of new homes in March. The report is scheduled to be released at 10 a.m. Eastern time on Wednesday. SALES DOWN: Economists expect that sales rose 2.3 percent to ...

  • Rents for posh apartments to fall 10% this year Singapore Business Review - 13 hours ago
    Rents for posh apartments to fall 10% this year

    According to Colliers International, rents are expected to come under further downward pressure. The increasingly competitive market could prompt landlords to lower their rent expectations in order to secure tenants. As such, rents for luxury apartments are projected to decline by up to 10% for the whole of 2014.

  • Sales of US existing homes slip AAP - 14 hours ago
    Sales of US existing homes slip

    Sales of existing US homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors says sales edged down 0.2 per cent to a seasonally adjusted annual rate of 4.59 million. Sales rose in the US Northeast and Midwest, suggesting that cold winter weather did not slow sales. Fewer homes for sale, higher mortgage rates and rising prices have contributed to lower sales since last summer.

  • LinkedIn to anchor new Frisco high-rise AAP - 15 hours ago
    LinkedIn to anchor new Frisco high-rise

    San Francisco mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction. Lee announced on Tuesday that LinkedIn has signed a lease to occupy the entire 26-storey structure scheduled to be completed in the city's South of Market neighbourhood by 2016. City officials say the nearly 450,000 square feet of office space could accommodate about 2,500 employees. Mountain View-based LinkedIn Corp currently occupies 135,000 square feet in a downtown San Francisco tower and plans to occupy another 87,000 square feet near downtown.

  • Fabege: Arenastaden attracts TeliaSonera to Solna Business Wire - 16 hours ago

    Regulatory News:

  • M7 Real Estate Implements Yardi Advanced Budgeting and Forecasting™ Business Wire - 16 hours ago

    Since becoming a Yardi client in March 2009, industrial investor and asset management company M7 Real Estate has enjoyed such a successful period of growth that the company now has

  • Klövern AB (publ) : Interim Report January - March 2014 Thomson Reuters ONE - 16 hours ago

    Income increased by 9 per cent to SEK 587 million (541). The operating surplus increased by 15 per cent to SEK 368 million (321). Profit from property management increased by 15 per cent to SEK 163 million ...

  • Buying a home too expensive, say renters AAP - 20 hours ago
    Buying a home too expensive, say renters

    Australia's booming property market is forcing many would-be buyers to delay or even give up on their home ownership dreams. A survey of renters across Australia has found more than half believe they cannot afford a deposit, while nearly a third believe they can't afford mortgage payments.

  • LinkedIn to anchor new San Francisco high-rise Associated Press - 21 hours ago

    San Francisco Mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction. Lee announced Tuesday that LinkedIn ...

  • Investors Earn 9-12% Annual Return While Helping Bankrupted Homeowners Marketwired - 23 hours ago

    American Homeowner Preservation announced a new impact investment opportunity today, pool 2014A. This opportunity provides investors with the ability to become part of the solution to the nation's foreclosure ...

  • Alora at Talega Celebrates Model Grand Opening This Saturday, April 26th at 10 a.m. Marketwired - Wed, Apr 23, 2014 9:58 AM NZST
    Alora at Talega Celebrates Model Grand Opening This Saturday, April 26th at 10 a.m.

    Alora is exquisitely the first of its kind and homebuyers will finally get an inside look at this magnificent new home neighborhood during the Model Grand Opening Celebration this Saturday, April 26th. ...

  • William Lyon Homes' Atrium at The Spectrum Sells Out of First Two Phases -- New Release This Saturday, … Marketwired - Wed, Apr 23, 2014 9:37 AM NZST
    William Lyon Homes' Atrium at The Spectrum Sells Out of First Two Phases -- New Release This Saturday, …

    Atrium at The Spectrum is causing a homebuyer frenzy with consistently strong sales compelling new phase releases to meet buyer demand. Phase 1 and 2 are already sold out, and a new phase is being released ...

  • Move, Inc. To Announce First Quarter 2014 Financial Results PR Newswire - Wed, Apr 23, 2014 8:05 AM NZST

    SAN JOSE, Calif., April 22, 2014 /PRNewswire/ -- Move, Inc. (NASDAQ: MOVE), a leader in online real estate, today announced it will issue its earnings release for the first quarter ended March 31, 2014, ...

  • Introducing Institutional Real Estate, Inc.'s FundTracker Database PR Newswire - Wed, Apr 23, 2014 7:48 AM NZST

    SAN RAMON, Calif., April 22, 2014 /PRNewswire/ -- Institutional Real Estate, Inc. is pleased to announce that it now provides qualified institutional real estate investors with unlimited, 24/7/365 access to its exclusive FundTracker database. Developed in 1996 but now available for the first time commercially, this comprehensive database is also available to qualified investment managers, consultants and others who have a need to monitor and track institutional real property investors, investment managers, consultants and their investment offerings, allocations, commitments and deals. The FundTracker database provides investors with detailed information on separate account, investment club, and open- and closed-end fund offerings focusing on various property types and global markets. Data is available on current offerings as well as historical offerings dating back to 1996, as well as detailed information on other institutional investors, their investment allocations, past investment commitments and key contacts.

  • Kennedy Funding Completes $5.28 Million Financing for 33.74-Acre California Property PR Newswire - Wed, Apr 23, 2014 7:21 AM NZST

    ENGLEWOOD CLIFFS, N.J., April 22, 2014 /PRNewswire/ -- Kennedy Funding Financial has completed a $5.28 million loan by Tulare Lender, LLC to Tulare Bethel Housing, Inc., an affiliate of the Bethel Assembly of God in Tulare, California. The property is in central California's Tulare County. "The parcels have a mix of commercial and multifamily residential zoning and are proposed for a large senior housing, religious, and community use development," says Kevin Wolfer, president and CEO of Kennedy Funding, the Englewood, NJ-based direct private lender.

  • KB Home Publishes Seventh Annual Sustainability Report Business Wire - Wed, Apr 23, 2014 7:00 AM NZST

    KB Home , one of the nation’s largest and most recognized homebuilders, today released its seventh annual Sustainability Report, available exclusively at

  • US existing home sales slip 0.2 per cent in March Sharecast - Wed, Apr 23, 2014 6:48 AM NZST

    Existing home sales in the US declined by 0.4 per cent month-on-month in March, to an annualised pace of 4.59m, down from the 4.6m clip observed in the month before, according to the National Association ...

  • Security Properties Acquires Vegas Apartment Community Business Wire - Wed, Apr 23, 2014 5:59 AM NZST

    Security Properties Inc. today announced the purchase of the 192-unit Desert Shadows, an apartment property in Las Vegas, Nevada. This Class A property, which is located on West Charleston Boulevard near the Summerlin submarket of northwest Las Vegas, was built in 2007.

  • U.S. home resales hit 1-1/2 year low, but may be stabilizing Reuters - Wed, Apr 23, 2014 5:18 AM NZST
    U.S. home resales hit 1-1/2 year low, but may be stabilizing

    U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end. The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units. "The negative housing momentum, which was exacerbated by severe weather conditions during the winter months, may be starting to fade," said Gennadiy Goldberg, an economist at TD Securities in New York. While the terrible weather has accounted for some of the slump, a rise in mortgage rates and home prices, and a dearth of properties on the market, also sidelined potential buyers.

  • Data-Driven Brokerage GrayRoost Expands into Southern California and Launches Partner Agent Referral … PR Newswire - Wed, Apr 23, 2014 3:35 AM NZST

    SAN FRANCISCO, April 22, 2014 /PRNewswire/ -- GrayRoost brokerage, a technology-focused real estate brokerage powered by social media data, announced today an expansion into Southern California aided by an executive appointment and the launch of a Partner Agent Referral lead generation program. Industry Veteran Lee Henderson joins the GrayRoost team as Vice President of Sales, and will manage the Southern California expansion and the social media-driven partner program. The leads from the Partner Agent Referral program are based upon GrayRoost's algorithms that are built upon social media data.

  • Sales of US existing homes slip to a 20-month low Associated Press - Wed, Apr 23, 2014 3:15 AM NZST
    Sales of US existing homes slip to a 20-month low

    Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of ...

  • Fla.'s Housing Market: Rising Price Trends Continue in March 2014 PR Newswire - Wed, Apr 23, 2014 3:05 AM NZST

    ORLANDO, Fla., April 22, 2014 /PRNewswire/ -- Florida's housing market reported higher median prices, more new listings and a stable level of inventory in March, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 20,081 last month, up 2.8 percent over the March 2013 figure. "March marked the 28th month in a row that statewide median sales prices rose year-over-year for both single-family homes and townhome-condo properties," said 2014 Florida Realtors® President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. "Realtors across Florida are reporting fewer short sales of distressed properties and more interest from potential home sellers as they observe the return of more traditional market conditions.

  • March Sales of Existing Homes Slip Again 24/7 Wall St. - Wed, Apr 23, 2014 2:45 AM NZST

    The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in March fell 0.2% to 4.58 million from a total of 4.6 million in February. Sales are ...

  • Empire State Median Sales Price Continues to Climb as Home Sales Dip in First Quarter Marketwired - Wed, Apr 23, 2014 2:00 AM NZST

    The New York State median sales price grew by 5.1 percent in the 2014 first quarter compared to a year ago, continuing its upward trend, according to the housing market report released today by the New ...

  • Existing-Home Sales Remain Soft in March Says NAR Marketwired - Wed, Apr 23, 2014 2:00 AM NZST

    Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by ...

  • LYNK Capital Provides $5 Million Loan to Capitol Real Estate Development for Housing Development in Congress … GlobeNewswire - Wed, Apr 23, 2014 1:34 AM NZST

    WASHINGTON -- via PRWEB - LYNK Capital, LLC ("LYNK") announced today that it has closed a loan in the amount of $5,000,000 for Woodcrest Holdings, LLC which is a subsidiary of Capitol Real Estate ...

  • AAMCO Taps R.J. Brunelli & Co. As National Real Estate Representative PR Newswire - Wed, Apr 23, 2014 1:30 AM NZST

    OLD BRIDGE, N.J., April 22, 2014 /PRNewswire/ -- R.J. Brunelli & Co. LLC today announced that it has been appointed by AAMCO to serve as its exclusive national real estate representative. In this capacity, ...

  • Real Estate Law Firm Crowley & Cummings and Real Estate Attorney Lynn M. Deitzer Announce Joint Venture … PR Newswire - Wed, Apr 23, 2014 1:05 AM NZST

    BOSTON, April 22, 2014 /PRNewswire-iReach/ -- Crowley & Cummings, LLC and the Law Office of Lynn M. Deitzer, PC announced today a mutually beneficial collaboration between the two real estate law practices. Now sharing broader resources for administration and operations, Attorneys Lynn Deitzer and Elina Shakaryan will continue to provide personalized real estate legal services to clients in and around Boston. Attorney Deitzer's office, a longtime legal establishment in Boston's South End, now wields the resources of a powerhouse legal firm that covers all of eastern Massachusetts, while maintaining boutique firm service. With this alliance, Crowley & Cummings is establishing a South End presence alongside Attorney Deitzer at her prominent office at 538 Tremont Street.

  • Blackstone Real Estate Portfolio Company, Invitation Homes, Names Chief Financial Officer and Chief Operating … Business Wire - Wed, Apr 23, 2014 1:00 AM NZST

    Blackstone and its Real Estate portfolio company, Invitation Homes, today announced that it has named John A. Schissel as Chief Financial Officer and Leslie B. Fox as Executive Vice President and Chief Operating Officer .

  • Redfin Report: More Than Half of Homeowners Are Not Currently in a Financial Position to Sell Business Wire - Wed, Apr 23, 2014 1:00 AM NZST

    Just 49 percent of existing homeowners are in a financial position to sell, according to the latest report from Redfin , a full-service real estate brokerage. The r

  • Three SmartTouch Interactive Clients Win Marketing Awards from the HomeBuilders Association of Greater … Business Wire - Wed, Apr 23, 2014 1:00 AM NZST

    SmartTouch® Interactive, an interactive real estate marketing agency and real estate marketing automation and home builder CRM software development company, today announced three o

  • to Market Spanish, Italian and Portuguese Properties in China via PR Newswire - Wed, Apr 23, 2014 12:00 AM NZST

    SHANGHAI, April 22, 2014 /PRNewswire/ --, Spain's largest property website and also a sector leader in both Portugal and Italy, will begin marketing properties in China this month through a new agreement with China's No. 1 international property website, Real estate agents and developers who are already advertising on can now extend their reach to the Chinese, the fastest growing group of buyers in Southern Europe. Through, they can purchase advertising on, upgrade their listings for greater visibility and enhance their own or their agency's presence in China. This announcement comes in the wake of partnerships between and RE/MAX Portugal, RE/MAX Australia, RE/MAX New Zealand, and LJ Hooker in Australasia.

  • Home Values in More Than 1,000 U.S. Cities Expected to Be More Expensive than Ever Within the Next Y … PR Newswire - Wed, Apr 23, 2014 12:00 AM NZST

    SEATTLE, April 22, 2014 /PRNewswire/ -- Declines in home values experienced during the recession have already been, or are close to being, erased in almost 20 percent of metro housing markets nationwide ...

  • Does staging really raise a home's price? - Tue, Apr 22, 2014 10:00 PM NZST

    While that advice is a truism in the real estate business, an academic study says that staging: Likely doesn't raise the home's sale price. Study used virtual tours on computers Each tour focused on either wall color or furnishings, which are two of the most popular staging elements, according to study co-author Michael Seiler, professor of real estate and finance at the College of William and Mary.

  • US existing-home sales flat in March AFP - Tue, Apr 22, 2014 5:06 PM NZST
    US existing-home sales flat in March

    US existing-home sales were flat in March and price growth slowed, the National Association of Realtors said Tuesday. Previously owned homes sold at an annual rate of 4.59 million units in March, down a bare 0.2 percent from February and 7.5 percent lower than a year ago, NAR said. NAR's chief economist, Lawrence Yun, said the current sales pace is underperforming by historical standards. "In contrast, price growth is rising faster than historical norms because of inventory shortages."

  • Home loan affordability worsens by most in 12 years Fuseworks - Tue, Apr 22, 2014 11:44 AM NZST

    Home loan affordability worsened across most of New Zealand in March at the fastest rate since January 2002 as median house prices rose and interest rates started rising, the Roost Home Loan Affordability reports show. A 6% rise in the national median house price in March from February drove most of the deterioration. The Reserve Bank's decision to raise the Official Cash Rate by 0.25% on March 13 drove the rest of the increase in borrowing costs measured in the reports. Banks passed on the increase in full to floating mortgage borrowers and average fixed mortgage rates have risen around 0.7% in the last eight months in anticipation of the Reserve Bank's tightening.

  • 11 Keys to a Successful Property Purchase Overseas US News - Tue, Apr 22, 2014 7:07 AM NZST

    The real estate agents you encounter may not be licensed, and they may have little relevant experience. I use those two examples in particular because I've known real estate agents in overseas property markets who formerly held these positions in the United States. The real estate agent you decide to work with probably won't really be working for you. In nearly all property markets outside the United States, you'll find no multiple listing service and no tradition of shared listings.

  • Fairway Independent Mortgage Kicks Off Military Mortgage Tour In Dallas PR Newswire - Tue, Apr 22, 2014 7:01 AM NZST

    DALLAS, April 21, 2014 /PRNewswire/ -- Fairway Independent Mortgage Corporation, one of the country's largest mortgage companies, launches its first ever Military Mortgage Boot Camp tour this week in Dallas. ...

  • Centra Homes, In Its Second Full Year In Business, Was The Largest Minnesota Home Builder In 2013 PR Newswire - Tue, Apr 22, 2014 5:45 AM NZST

    MINNEAPOLIS, April 21, 2014 /PRNewswire/ -- Centra Homes was Minnesota's largest in-state home builder in 2013 and is planning to build on that momentum. Just two years into existence, the home builder has been issued more building permits than any other Minnesota home builder and saw revenues climb over $36 million last year. At Centra Homes, they certainly do! The fact that we're pulling more permits than any other builder in Minnesota is a testament to how much homebuyers value these services," said Dale Wills, CEO, Centra Homes ( The new home builder in Minnesota specializes in spacious family homes that are available in a variety of styles.

  • Transition Squad's Top 10 Tips For Estate Sale Success CNW Group - Tue, Apr 22, 2014 5:17 AM NZST

    TORONTO, April 21, 2014 /CNW/ - For many boomers, seniors and their families going through the downsizing process, spring ushers in the beginning of the busy estate sale season. However, with a little selling know-how, solid marketing and a few helping hands, anyone can conduct their own successful estate sale. "There are three main approaches taken when facing an estate sale situation" says Laura Convery, Manager of Senior Services at Transition Squad. Many will simply throw away, give away or donate everything in a belief that these items have no real value to others" adds Convery.

  • Home Sales Price Growth Drops to Single Digits, While Inventory Soars in Select Metros, ZipRealty Re … Thomson Reuters ONE - Tue, Apr 22, 2014 5:05 AM NZST

    FOR IMMEDIATE RELEASE Media Contact: Stacey Corso 510.735.2667 Phoenix, Sacramento and San Diego are the leaders in YOY inventory increases at the end of Q1. EMERYVILLE, Calif. , April ...

  • Presidio Residential Capital Funds Six New Home Communities in California's San Joaquin Valley Marketwired - Tue, Apr 22, 2014 4:44 AM NZST

    Presidio Residential Capital, working with Visalia-based development company San Joaquin Valley Homes, is investing $23 million to build five new communities in California's San Joaquin Valley. The developments ...

  • Randall Kostick Appointed President of Zephyr Real Estate Marketwired - Tue, Apr 22, 2014 4:00 AM NZST
    Randall Kostick Appointed President of Zephyr Real Estate

    After more than 35 years as President of Zephyr Real Estate, Bill Drypolcher has decided to change his participation in daily operations. Bill remains the majority shareholder in the company and will continue ...

  • NAR Announces Eight Start-Ups to Enter 2014 REach Accelerator Class Marketwired - Tue, Apr 22, 2014 2:32 AM NZST

    REach©, an accelerator program developed by the National Association of Realtor®'s strategic investment arm, Second Century Ventures , to introduce innovative technology companies to the real estate marketplace, ...

  • Property developer Rustomjee raises $61 million from private equity Reuters - Tue, Apr 22, 2014 12:53 AM NZST

    Property developer Rustomjee has raised 3.7 billion rupees from The Xander Group, a global emerging markets investment firm, the companies said on Monday. Xander Investment Management Pte Ltd, the group's ...

  • HealthLease Properties Real Estate Investment Trust Announces April 2014 Distribution CNW Group - Tue, Apr 22, 2014 12:30 AM NZST

    TORONTO, April 21, 2014 /CNW/ - HealthLease Properties Real Estate Investment Trust (the "REIT") (TSX:HLP-UN.TO - News) announced today a cash distribution in the amount of $0.07083 per unit for the month of April 2014. Unitholders can participate in the REIT's Distribution Reinvestment Plan ("DRIP").  The DRIP allows unitholders of the REIT, who are resident in Canada, to automatically reinvest monthly cash distributions paid on their Trust Units in additional Trust Units, plus bonus Trust Units equivalent to 3% of the distributions reinvested.  The DRIP offers unitholders the opportunity to increase their ownership in the REIT on a regular basis without incurring any commission or brokerage fees.   Complete details on the DRIP are available at the REIT's website ( or from a unitholder's investment advisor.

  • Wood Partners to Begin Construction on 94-Unit Apartment Building in Melrose, Mass. Marketwired - Tue, Apr 22, 2014 12:00 AM NZST
    Wood Partners to Begin Construction on 94-Unit Apartment Building in Melrose, Mass.

    Wood Partners, L.L.C. has acquired 2.4 acres of infill property in this Boston suburb on which it plans to build a 94-unit apartment community named 2 Washington. The national multifamily developer plans ...


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