News
04/02/2013 17:01
Investors are betting big on the housing recovery.
Hedge funds and private equity firms have been rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.
One of the...
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14/12/2012 14:14
Home-price forecasts for 2013 are on the rise.
J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a...
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14/11/2012 10:59
Demand for single-family rental housing is outstripping the available supply of homes, and some housing markets that have been hit hardest by the foreclosure crisis have seen rental demand jump by more than 25% in the past year, according to a report to be released Tuesday by real-estate firm...
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13/11/2012 10:53
NEW YORK (CNNMoney) -- Home Depot reported better-than-expected earnings and revenue Tuesday and raised its guidance for the current quarter, citing signs of a housing recovery.
The news lifted shares of the Dow component 1.9% in premarket trading.
The quarter only ran through Oct....
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12/11/2012 11:02
J.P. Morgan Chief Executive James Dimon likes what he sees right now in the U.S. housing market.
Mr. Dimon has a pretty good forecasting track record this year, at least as far as housing goes. Consider that in January, Mr. Dimon said he thought that housing was nearing a bottom, and the bulk...
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30/10/2012 15:38
(Reuters) - Home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.5 percent on a seasonally adjusted basis, in line...
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15/10/2012 16:40
Legg Mason Inc.’s Bill Miller, who beat the Standard & Poor’s 500 Index for a record 15 years before crashing on bank stocks, is seeking redemption as a housing bull.
Miller’s Legg Mason Capital Management Opportunity Trust has bet about a third of its holdings on a property rebound...
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01/10/2012 22:13
(Reuters) - Hedge fund manager Mick McGuire is betting on an eventual housing recovery by owning stakes in an aerospace and defense company, a sugar farming conglomerate and a land developer.
While investments in GenCorp, Alexander & Baldwin and Brookfield Residential Properties...
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25/09/2012 15:02
NEW YORK (CNNMoney) -- In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.
According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the...
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24/09/2012 15:12
Upbeat recent figures from two of the largest U.S. homebuilders suggest the housing market is firming, marking progress in an industry that has lagged the nation’s broader recovery.
Both Lennar and KB Home executives say historically low mortgage rates and low home prices are driving demand for...
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