Housing real estate prices possibly fell in the year ended in June by the largest amount in 19 months, indicating the housing market persists to hamper the United States recovery, economists stated before a report.

Pending real estate housing sales in July fall month-to-month for the initially since April, but rise substantially compare to that month a year before, based on a report by the National Association of Realtors. The business group's Pending Home Sales Index rises 14.4 % year-by-year in July, to 89.7. That's a 1.3 % dip in contrast to June's index. This index trails signed, but not locked, purchase agreements for resale house. An index of 100 shows the average contract movement in the index's 2001 stand year, which was a witness year for current-home sales.

According to the news reports, GE Capital is on a quick move to sell their $2 billion mortgage portfolio of their Mexican consumers to Santander Grupo Financiero, Mexico.

Connecticut based General Electric Company’s real estate division was impacted tremendously during the recession. According to the senior official of the company, GE Capital is expected to receive approximately $170 million and the debt with this deal. The leading unit of GE Capital, Fairfield, started offering mortgage services in Mexico in 2002.

General Growth Properties (GGP) on Thursday announced that a bankruptcy judge had approved its restructuring plan and it will scrape through the Chapter 11 filing around the beginning of next month in what is dubbed as the biggest real estate bankruptcy case in US history.

The Judge of the US Bankruptcy Court for Southern District of New York, Allan Gropper confirmed the news about the Chicago, Illinois based company. General Growth, the country’s second largest mall operator, plans to finish its restructuring and reorganizing on or about November 8, 2010.
CEO Adam Metz said that the confirmation of their plan was an important milestone as they lay the groundwork for a successful future for General Growth. He also said that they were now prepared to begin a new era for GGP on a firm financial footing.