Real Estate

FHA to Lower Insurance Premiums for Mortgage Refis

2012-03-07 09:32:55

The Federal Housing Administration will lower mortgage insurance premiums for borrowers who refinance their loans as part of President Barack Obama’s plan to improve the housing market.

Global Logistic Said to Plan $1 Billion Japan Assets IPO

2012-03-07 09:31:40

Global Logistic Properties Ltd. (GLP), a unit of the Government of Singapore Investment Corp., is preparing an initial public offering of its Japanese warehouse assets that may raise about $1 billion, said three people with knowledge of the matter.

Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase

2012-03-02 09:53:49

U.S. homes in or nearing foreclosure accounted for almost a fourth of residential purchases in the last three months of 2011 as lenders approved more short sales, where the price is less than the amount owed.

London’s Poorest Borough Waits for Olympic Windfall as Home Prices Decline

2012-03-02 09:52:49

The east London borough hosting the 2012 Olympic Games had the city’s biggest decline in home prices even after the government spent billions of pounds on projects aimed at revitalizing the capital’s poorest area.

Alaska Communications, Motricity, Satcon, Shutterfly: U.S. Equity Preview

2012-03-02 09:52:02

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 6:34 p.m. in New York.

Australia Gets Daily Housing Price Data as Compilers Plan Tradable Index

2012-03-01 09:22:49

Investors may soon be able to wager on Australia’s A$4 trillion ($4.3 trillion) housing market without having to buy or sell homes as RP Data (RPAUMED) and Rismark International start a daily property price index and discuss ways to make it tradable with the nation’s exchange operator.

U.S. Banks Increase Commercial-Property Lending for First Time Since 2010

2012-03-01 09:21:41

U.S. banks increased financing for commercial real estate in the fourth quarter for the first time in almost two years as default rates dropped and lenders shed more foreclosed properties, Chandan Economics said.

Danish Bonds Surviving Triple Threats Spawn Debt Funding Risks: Mortgages

2012-03-01 09:20:57

Denmark’s $470 billion mortgage bond market has proven resilient to the stresses of the country’s real-estate slump, banking failures and Europe’s sovereign debt crisis. Now the system’s success is helping lenders and borrowers to take on greater risks.

London’s Poorest Borough Waits for Olympic Windfall as Home Prices Decline

2012-03-01 09:19:57

Indian Road-Building Hits Record Pace as Contractors Pay to Work: Freight

2012-02-27 10:05:07

India is awarding highway- construction contracts at a record pace, and saving taxpayers money, as builders stop asking for subsidies and instead offer fees to lay and operate new toll roads.

U.K. Home Prices Supported by Rush to Beat Tax-Holiday End, Hometrack Says

2012-02-27 10:04:02

U.K. house prices held their value for a second month in February, boosted by a seasonal increase in demand and a rush to beat the expiration of a property-tax exemption, Hometrack Ltd. said.

Grosvenor to Raise $492 Million to Invest in Japanese Offices, Apartments

2012-02-27 10:03:04

Grosvenor Group Ltd., the real estate firm owned by the family trust of Britain’s Duke of Westminster, plans to raise 40 billion yen ($492 million) for a fund to invest in Japanese properties as the market recovers.

Housing Declines May Have Cost a Generation of Buyers, Fed’s Bullard Says

2012-02-27 10:02:10

Federal Reserve Bank of St. Louis President James Bullard said the 30 percent drop in U.S. housing prices since 2006 may prompt a generational shift to apartment rentals.

Bank of Canada Says Drop in House Prices May Cause Consumer Spending Shock

2012-02-24 10:54:13

Canadian consumer spending is at risk of a “shock” because of growth in borrowing linked to rising home prices, the country’s central bank said.

Citigroup to Exit India’s HDFC With $2.1B Sale

2012-02-24 10:53:15

Citigroup Inc. (C) plans to exit an almost seven-year-old investment in India’s largest mortgage lender with an offer to sell its stake in Housing Development Finance Corp. for as much as 102 billion rupees ($2.1 billion).

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Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
4,519.80	4,189.80
1oz ABC Bullion Cast Bar
3,760.90	3,440.90
100g ABC Bullion Bar
11,998.90	11,068.90
1kg ABC Bullion Silver
1,538.70	1,188.70