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Home rental price growth pulls even with wages in US

  AP U.S. renters are seeing their housing costs rise at a much more manageable pace, as new construction has tempered years of runaway increases in rent. Real estate data firm Zillow says that median rent rose a seasonally adjusted 2.6 percent in June from a year ago, matching the gains in average hourly wages. Rental costs have decelerated after ...

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US average 30-year mortgage rate rises to 3.45 per cent

  AP Long-term U.S. mortgage rates edged higher this week, remaining near historically low levels as a continued enticement to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage rose to 3.45 percent from 3.42 percent last week. The average rate is down sharply from 4.04 percent a year ago. The 15-year fixed ...

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Ireland’s bank to plan $4.4bn realty loan sale

  Bloomberg Ireland’s National Asset Management Agency plans to sell real estate loans with a face value of about 4 billion euros ($4.4 billion), two people with knowledge of the matter said. NAMA is expected to seek bids for the portfolio, known as Project Gem, toward the end of 2016 and the portfolio will sell at a substantial discount to ...

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