JPMorgan Chase & Co.’s losses in prime mortgages rose “dramatically” in the second quarter, Michael Cavanagh, the company’s chief financial officer, told reporters in a conference call Thursday morning.
Cavanagh said that capital markets will stay “challenging” this year and that the company reported no gain in the second quarter from its acquisition of Bear Stearns [...]
Sprouting up like weeds across the country, foreclosures show no signs of abating but offer buyers the chance to purchase homes at affordable prices. Banks are selling their foreclosed properties at auction at tremendous discounts to avoid losing more money on these loans.
Hudson & Marshall, America’s leading foreclosure auction firm, will auction over 200 bank-owned [...]
UK Hedge Funds and Property Investors are looking away from concentrated property areas like Paris and London’s West End to other markets all over the world, and Philippine Apart-Hotel or Condotel or Buy-to-Let rental properties fit the bill a new report states
PLC International Marketing Networks has revealed that some institutional investors are trying to diversify [...]
The 2nd Quarter Prudential Douglas Elliman Long Island/Queens Market Overview shows the housing market in stable condition with slight increases in the price indicators, a modest decline in the number of sales and a slow down in the rise of inventory.
“The Queens and Long Island market is showing stability this quarter,” said Dottie Herman, President [...]
The real estate market in Hungary saw two critical points during the past few years, just as Romania did: the accession to the European Union and an interior economic crisis. One year before and one year after the accession to the EU, the price for real estate properties kept growing. After two years, the growth [...]
Builder confidence in the market for newly built single-family homes fell for a third consecutive month in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI fell below its previous record low of 18 in June to a new record low of 16 in July, [...]
A down housing market calls on real estate agents to change their tactics, according to Dr. Chris Pullig, Director of the Keller Center for Residential Real Estate Sales & Marketing at Baylor University’s Hankamer School of Business. His recent study of lead conversion rates revealed that varying market conditions call for different approaches [...]
Immobel, a technology company that expertly translates online real estate listings into thirteen languages, today announced the launch of the International IDX Alliance, an online exchange for real estate professionals worldwide to share and market each others’ properties. The Alliance — which seizes opportunities presented by an increasingly global real estate market fueled by the [...]
Tamalpais Bank (NASDAQ:TAMB) today announced a strategic relationship with Petaluma-based First California Mortgage Company to immediately begin offering residential home purchase and refinance loans of up to $10 million.
Tamalpais Bank CEO/chairman/president Mark Garwood said, “We are heeding the call of Fed chief Ben Bernanke. He has suggested that community banks play a more prominent role [...]
Today in most markets, home buyers have the upper hand over the sellers. That often means buyers have greater negotiating power when it comes to price or the chance to get out some extra perks from sellers.
With reality programs such as HGTV’s “Sleep On It” and TLC’s “Date My House” show home buyers spending a [...]