An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands…(read more) Read More…
U.S. interbank lending rates were once again relatively unchanged from Monday's levels, but the Ted Spread narrowed after the U.S. government announced plans to inject capital into the nation's larger regional banks on Monday. The Treasury said…(read more) Read More…
The U.S. housing market continues to struggle as prices fall, demand weakens, and inventories build up. An industry index set for release on Tuesday is expected to show that contracts for homes on the market continued to fall in November, suggesting that…(read more) Read More…
Tight financing has pushed back an initiative to create or preserve 165,000 residential units. n Read More…
Rising vacancy rates across the country could make it hard for building owners to pay their mortgages. n Read More…
Suffern, a two-square-mile village in the town of Ramapo along the New Jersey border, has a coziness reminiscent of the village from an earlier era. n Read More…
Some months ago we speculated that the sector of the economy to fall out of the sky would be retail real estate as the proliferation of shopping malls and small strip centers ran headlong into what at that time appeared to be a looming wave of retail…(read more) Read More…
Construction spending in the United States continued to decline in November, falling by 0.6% month-over-month, according to the U.S. Department of Commerce. The consensus had forecast construction spending in November to decline by 1.4%. The total construction…(read more) Read More…
As promised, the New York Fed plans to begin buying U.S. mortgage and student debt effective immediately, in a move geared at thawing frozen credit markets in the country and restore confidence of the economy. "This program, first announced on November…(read more) Read More…
The credit crisis and recession crushed deal making in office buildings in 2008. n Read More…