Sales of newly built homes tank in April, as prices and interest rates rise
Higher mortgage rates were hampering sales of newly built homes in April. Source link
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Real estate
Here’s where rents are rising — and where they’re falling
Of the nation's 20 largest cities, Seattle saw the highest year-over-year increase in single-family rents, followed by New York and
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China’s sweeping measures to prop up the property sector will need time to show results
China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Source
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‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose. Source link
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China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments. Source link
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Mortgage demand from homebuyers drops even as interest rates pull back to April lows
Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association's seasonally adjusted index.
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China’s international students under pressure as economic uncertainty looms
A growing number of overseas Chinese students are running into financial difficulties due to the declining wealth of their families
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Australia’s budget is expected to target housing crisis as prices keep climbing
Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's
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Fewer homeowners are remodeling, but demand is still ‘solid’
Many Americans were renovating their homes early in the Covid-19 pandemic, boosting remodel activity up until 2022. That's no longer
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