China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding … Read more
Rupert Murdoch, chairman emeritus of media empire News Corp. Axelle/bauer-griffin | Filmmagic | Getty Images LONDON — Rupert Murdoch-owned REA Group said Monday it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property listings company, which is controlled by Murdoch’s … Read more
There are fears skyrocketing rental prices could be “plunging” renters into homelessness as new data shows the areas hardest hit by NSW’s ongoing housing crisis New rental data has highlighted the areas most affected by rising rental costs over the past 12 months, urging welfare agencies to call on state government to help “desperate” people … Read more
While some Democrats were basking in the “joy” that Vice President Kamala Harris has brought to the campaign trail and running mate Tim Walz’s put-downs of Donald Trump’s “weird” antics, a select group of politically engaged pro-housing activists who are part of the self-described “Yes in My Backyard” (YIMBY) movement were celebrating something a little … Read more
Rooftops of homes in a gated residential community are seen in Pico Rivera, California, on Jan. 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed. Total mortgage application volume rose just 0.5% last week compared … Read more
A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S. The Good Brigade | Digitalvision | Getty Images Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ending in June, prices nationally … Read more
If you’ve rented an apartment in the US in the last several years, you may have had the sense that the game was rigged: Prices creep up not only at your building but at others throughout the city, seemingly in lockstep. A new civil lawsuit brought by the US Department of Justice today alleges that … Read more
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That … Read more
A house under construction is seen between completed houses in a new development in Brambleton, Virginia on August 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell for the third week in a row last week, but the rush to refinance took a breather. Applications to refinance a home loan dropped 15% … Read more
MoMo Productions | Taxi | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial … Read more
