Latest Real estate services News

This Week: Walmart earns, Fed meeting minutes, US home sales

Feb. 17, 2020 3:00 AM EST

A look at some of the key business events and economic indicators upcoming this week: STRONG FINISH? Wall Street expects that Walmart closed out its last fiscal year on a high note. Analysts predict the nation's largest retailer's fiscal fourth-quarter earnings and revenue increased from a year earlier. Walmart...

FILE - In this July 11, 2019, file photo lumber is stacked at the Home Depot store in Londonderry, N.H. Don’t let your desire to upgrade your home downgrade your home's market value. Before you make a renovation fantasy a reality, consider whether the project will pay off when you're ready to sell. (AP Photo/Charles Krupa, File)

5 home improvements that may not pay off when you sell

Feb. 12, 2020 9:19 AM EST

You spent the holidays binging on HGTV, and now visions of shiplap accent walls and freestanding soaking tubs are dancing through your head. Don’t let your desire to upgrade your home downgrade your home's market value. Before you make a renovation fantasy a reality, consider whether the project will pay...

FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis. The Simon Property Group will buy mall operator Taubman Realty in a deal valued at around $3.6 billion as those properties continue to struggle along with their retail tenants.  Simon Property Group Inc. said Monday, Feb. 10, 2020, that its operating partnership, Simon Property Group, LP, will buy all of Taubman stock for $52.50 per share.  (Danese Kenon/The Indianapolis Star via AP, File)

Now for sale at the mall ... the mall; Simon buys Taubman

Feb. 10, 2020 11:07 AM EST

As mall-based retailers struggle to compete with the onslaught from online shopping, the companies that own and manage the malls are finding their own business models severely challenged. For the second time in as many weeks, there is a major agreement involving mall operators. The Simon Property Group will buy...

A woman passes by an advertisement of Samsung Electronics' Galaxy 5G Note10+ smartphone at a subway station in Seoul, South Korea, Thursday, Jan. 30, 2020. Samsung Electronics Co. said Thursday its operating profit for the last quarter fell 33.7% from a year earlier but it predicted earnings will improve in 2020, driven by a gradually stabilizing computer chip market and increasing 5G smartphone sales. (AP Photo/Ahn Young-joon)

Asian markets tumble as fears over virus outbreak spread

Jan. 29, 2020 11:36 PM EST

Shares tumbled in Asia on Thursday as concern over the impact of the virus outbreak in China deepened. Taiwan's benchmark dived 5.3% as its market reopened after the Lunar New Year. Japan's Nikkei 225 index sank 1.9% to 22,935.20, while Hong Kong's Hang Seng index skidded 1.7% to 26,693.06. In Australia, the...

US pending home sales tumbled 4.9% in December

Jan. 29, 2020 10:02 AM EST

WASHINGTON (AP) — Americans pulled back substantially on signing contracts to buy homes in December, a possible sign of mounting affordability challenges as prices are rising faster than incomes. The National Association of Realtors said Wednesday that its pending home sales index, which measures the...

This Jan. 9, 2020, photo shows a sold sign is posted on a real estate sign outside a home in Derry, N.H. On Wednesday, Jan. 22, the National Association of Realtors reports on sales of existing homes in December. (AP Photo/Charles Krupa)

US home sales soared 3.6% in December

Jan. 22, 2020 11:30 AM EST

WASHINGTON (AP) — U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as affordability is worsening. The National Association of Realtors said Wednesday that sales of existing homes rose last month to a seasonally adjusted annual rate of...

This Week: Netflix earns, US home sales, Southwest earns

Jan. 20, 2020 1:11 AM EST

A look at some of the key business events and economic indicators upcoming this week: STREAMING WARS Netflix serves up its fourth-quarter results Tuesday. Financial analysts forecast the video streaming pioneer will report that its earnings and revenue increased in the final quarter of 2019. Investors will be...

Florida governor says land buy will stop Everglades drilling

Jan. 15, 2020 11:57 AM EST

FORT LAUDERDALE, Fla. (AP) — Florida will buy 20,000 acres (8,000 hectares) of land in the environmentally sensitive Everglades to prevent oil drilling in the area, Gov. Ron DeSantis said Wednesday. In a news release, the Republican governor said the cost would be as much as $18 million depending on when...

FILE - In this Aug. 3, 2015, file photo, a man rides his bike past the MGM Grand hotel and casino in Las Vegas. MGM Resorts International is selling the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture for about $2.5 billion. (AP Photo/John Locher, File)

MGM Resorts selling MGM Grand real estate assets for $2.5B

Jan. 14, 2020 12:30 PM EST

LAS VEGAS (AP) — MGM Resorts International is selling the real estate assets of the MGM Grand on the Las Vegas Strip to a joint venture for about $2.5 billion. The joint venture includes private-equity and real estate company Blackstone Group and MGM Growth Properties LLC. MGM Resorts anticipates cash...

FILE - This June 13, 2019, photo shows a house with a

Pending homes sales rebound in November

Dec. 30, 2019 10:30 AM EST

WASHINGTON (AP) — Americans signed more contracts to purchase homes in November, a rebound from the previous month, indicating that the housing market is still strong. The National Association of Realtors said Monday that its pending home sales index, which measures the numbers of purchase contracts...