A proposed law that would dictate nonprofit organizations have the first opportunity to buy residential buildings in New York City is being blasted as “Stalinesque legislation” that would push the Big Apple into a “communist dystopia.”
The real estate business in South Florida is booming with residents of New York City looking to relocate as the political climate in the Big Apple appears to be taking a hard left turn, a developer told Fox Business.
Sales of new single-family homes slipped in July but still beat expectations, as lower prices and builder incentives helped offset high borrowing costs. The Commerce Department reported a seasonally adjusted annual rate of 652,000, down 0.6 percent from June and
Sales of newly built single-family homes in the United States rose slightly in June but remained well below expectations, as elevated mortgage rates and affordability concerns continued to weigh on demand. The U.S. Census Bureau and the Department of Housing
According to the always-dubious data released by the Chinese Communist government, China’s economy grew by 5.2 percent in the second quarter of 2025, which is slower than its 5.4 percent growth in the first quarter, but better than the 5.1 percent growth projected by analysts.
China’s problem with low consumer spending is getting worse as pay cuts and layoffs leave the Chinese working class with even less disposable income.
Beijing has been talking tough ever since President Donald Trump began raising tariffs against China, swiftly retaliating with its own tariff hikes instead of negotiating like most other major countries and vowing to “fight to the end.” There are some good reasons why China’s blustery confidence might be misplaced.
Conservative Party of Canada leader Pierre Poilievre on Tuesday hammered his Liberal rival Mark Carney for taking a sweetheart $250 million loan from a state-owned Chinese bank.
New home construction surged in February, as housing starts jumped 11.2 percent to a seasonally adjusted annual rate of 1.5 million, far surpassing expectations. The increase was led by a strong rebound in single-family homebuilding, a sign that builders are
Foreign companies are pulling out of China’s weakened markets, demonstrating a clear lack of confidence in the Communist regime’s ability to stabilize the economy and avert a financial collapse.
Former ‘Million Dollar Listing’ star and Los Angeles real estate agent Josh Altman said Friday on Fox Business Network’s “Varney Co.” a lack of adequate home insurance was the main reason 70% of Pacific Palisades residents won’t return.
President-elect Donald Trump announced Tuesday that DAMAC Properties, a global real estate development company, will invest at least $20 billion in the United States.
Many Americans fear a Harris election would hurt the economy.
Zillow is now providing homebuyers with “climate change risk data” when they look up house prices on the website, Silicon Valley’s latest attempt to lecture regular people about their environmental obsession.
A New York Times article suggests Americans buy homes in Europe that are a “bargain compared with Manhattan.”
China’s National Bureau of Statistics on Friday released economic data that showed youth unemployment rose to 17.1 percent in July, an increase from 13.2 percent in June and the highest level recorded in 2024 so far.
Homebuilding contracted violently in July.
The fourth consecutive monthly decline as home affordability continues to be a major problem.
Chinese businessman Guo Wengui – also known as Miles Guo and several other names – was convicted on nine out of 12 counts for a billion-dollar fraud scheme by a New York jury on Wednesday.
Courts in Hong Kong heard four liquidation suits against Chinese developers from their frustrated creditors last week, a record number of cases to hit the courts at the same time.
Sales of new single-family homes fell 11.3 percent to an annual pace of 619,000, the lowest since November, data from the Census Bureau showed Wednesday.
Share prices in China’s tottering real estate market perk up as municipal governments start buying up distressed properties.
The tallest building in Fort Worth, Texas, has been sold at a foreclosure auction for less than nine percent of its purchase price from just three years ago, according to the Dallas Business Journal.
Sales of new homes jumped 8.8 percent to a seasonally adjusted annual rate of 693,000 in March, the highest rate of sales since September of last year. Economists had expected a rate of 670,000. The numbers are reported at an
Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.
A court in Ho Chi Minh City rushed on Thursday to sentence real estate tycoon Truong My Lan, one of the richest women in the world, to death for her part in a $12.5 billion fraud case.
China’s securities regulating agency announced on Monday that it had banned the founder of real estate giant Evergrande from the securities market and accused the company of $78 billion fraud.
A recent lawsuit settlement is expected to bring major changes to the residential real estate market, and some are calling it historic.
Egypt is selling real estate to the United Arab Emirates for $24 billion to make up for the Suez Canal shortfall from Houthi terrorism.
Chinese dictator Xi Jinping demanded innovative solutions to China’s growing economic woes in remarks on Tuesday and Wednesday, warning against “a headlong rush into projects and the formation of industry bubbles” that could result in “abandoning traditional industries.”
China set an official 2024 target for GDP growth of around five percent in a report from Premier Li Qiang to the National People’s Congress.
China launched its “two sessions” — the annual meetings of its top lawmaking body, the National People’s Congress (NPC), and the Chinese People’s Political Consultative Conference (CPPCC), an “advisory” body with over 2,000 members — on Monday, seeking to devise ways to reverse its increasingly concerning economic decline.
Former Pakistani Prime Minister Imran Khan, already jailed on corruption and national security charges, was indicted on Tuesday on charges that he and his wife Bushra Bibi accepted parcels of land as bribes when Khan was in office.
New home prices in China slipped again in January, and existing home sales slipped even more, notching the steepest decline in nine years.
A Hong Kong court on Monday ordered the gigantic China Evergrande Group to liquidate, a long-feared but perhaps inevitable step that brings China’s troubled property market one step closer to a dangerous crisis.
Sales of newly built homes in the U.S. surged by much more than expected as buyers were drawn in by falling interest rates, data from the Commerce Department indicated Thursday. New home sales rose 8 percent to an annual rate
Actor Alec Baldwin listed his Hamptons mansion for sale just days before being indicted on an involuntary manslaughter charge — reducing the asking price by more than $10 million compared to a failed sale attempt in 2022.
Chinese officials signaled that a bailout for the property sector could be imminent as banks face a $4 trillion mountain of bad loans.
Protesters once again stormed banks in China’s Henan province last weekend, a little over a year after a violent regime crackdown.
China’s manufacturing activity crashed in October, posting numbers far lower than the slight dip many outside observers expected.
