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Emaar’s new Dubai tower to be ‘notch taller’ than 828-metre Burj Khalifa

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Bloomberg The tower designed by Spain’s Santiago Calatrava Valls that will be the centrepiece of Emaar Properties’ Dubai Creek Harbour development will be taller than the 828-metre tall Burj Khalifa. “It will be a notch taller than the Burj Khalifa,” said Emaar Properties chairman Mohamed Alabbar speaking at a briefing at the Dubai Creek Harbour site on April 10. Alabbar ...

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Average US rate on 30-year mortgage falls to 3.59 percent

WASHINGTON / AP Average long-term U.S. mortgage rates slid last week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season. Mortgage buyer Freddie Mac said on Saturday the average rate on a 30-year, fixed-rate mortgage fell to 3.59 percent from 3.71 percent last week. The benchmark rate was far below the 3.66 percent level ...

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How to solve the housing crisis: Hire more lawyers

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Bloomberg In the overheated U.S. housing market, just complaining about a leaky ceiling can land you on the street. Randy Dillard was living with five kids in a four-bedroom house in the Bronx when he informed his landlord of a persistent drip. Dillard rented his $1,800-a-month home near the New York Botanical Garden with help from the federal government’s Housing ...

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