WASHINGTON—Contracts to buy U.S. previously owned homes rebounded to a seven-month high in August, but higher prices amid tight supply are slowing the housing market momentum. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, jumped 8.1 percent last month to 119.5. That was the highest…
Rolls-Royce Soars After Hitting Disposal Target With $2 Billion ITP Sale
LONDON—Rolls-Royce said it had agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2 billion), helping the British engineering group hit its 2 billion pound target for disposals. The sale, announced on Monday, sent Rolls-Royce shares soaring 11 percent to 148 pence, their…
Homeowners in Missouri are Selling Fast, Reflecting US Market Trends
July 7, 2021
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The housing market is seeing a rise in sales. National new home construction in May was up 34.9 percent from May of 2020, and existing home sales are continuing to rise (pdf). One couple in St. Peters, Missouri, opened up about their personal experience putting their house on the market and just how quickly properties…
Hertz Eyes Bankruptcy Exit Through $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion. Knighthead Capital Management and Certares Opportunities will have the chance to buy the entire reorganized car rental company, but no less than a majority of…
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