A report released by Ernst & Young pegs the global market capitalization of Real Estate Investment Trusts (REITs) at more than US$608 billion, and rising fast.
International real estate and property investment news
Over a five year period between 2001 and 2006, house prices in the United States rose at an unprecedented pace, as Americans bought homes on cheap credit faster than ever before. The property boom led many economists to fear that a property bubble was emerging and, by summer 2007, many were claiming to have been proven right when loan defaults rocketed in the subprime mortgage sector, sparking fears of a housing market crash. The collapswe was confirmed in 2008. But while the outlook for the US market may be bleak, to the north and to the south of the Americas' largest economy, the property sector appears surpringly resilient. House prices in Canada have been less affected by the downturn
Video showing the roller coaster ride in house prices US homeowners have experienced since 1890 - unsurprisingly the biggest climb occurred from 1997 onwards. The question is will it be followed by the biggest fall?
Home prices continued to fall across the United States in the second quarter of 2008, albeit at a slower rate than last quarter, suggesting that the country's real estate crisis may have reached a bottom, a new study shows.
The U.S. foreclosure crisis has nearly reached the halfway point, marking a positive sign in the nation’s real estate slowdown and the markets eventual recovery, according to a new report.
Bucking the trend in other previously booming real estate markets, Canadian house prices maintained an “astounding” pace of growth in the second quarter of 2007, according to a new report that suggests the price increases will continue for the foreseeable future.
