Real Estate

New Home Sales Surged 8% in December

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

New home sales jump.

Reports: China Plans Big Stimulus After Disappointing Post-Pandemic Reopening

Although Chinese Communist officials and regime media continue to insist the economy is fundamentally strong and merely experiencing a few bumps on the road to post-pandemic recovery, Beijing is reportedly “planning major steps” to revive a deeply ailing financial system, possibly including billions in fresh infrastructure spending and looser rules for property investment.

An advertisement for bank services outside a bank branch in Hong Kong, China, on Thursday,