The mystery surrounding the disappearance of China Evergrande founder Hui Ka Yan deepened on Monday as another billionaire, Skyworth founder Wong Hongsheng, uncorked a WeChat video rant that essentially accused Hui of treason for trying to shelter his assets overseas.
Sales have dropped to near all-time lows.
The Chinese Communist Party has reportedly placed Hui Ka Yan, the billionaire chairman and founder of China’s gigantic and dangerously indebted Evergrande Group, under police surveillance, reports indicated Wednesday.
All three of the major indexes of home prices hit new record highs in July.
Home affordability keeps getting worse and worse.
Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees.
A Texas real estate mogul from Lufkin reportedly sold a large amount of local farmland to a Chinese billionaire identified as Sun Guangxin, who has links to the Chinese Communist Party (CCP).
Amid ongoing concerns about a crisis in the commercial real estate market, the funds that previously bailed out beleaguered office co-working startup WeWork are reportedly exploring bankruptcy options for the company.
The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.
The rapid rise of interest rates after years of ultra-low rate mortgages has paralyzed the housing market.
Once a symbol of China’s high-flying property market, Evergrande on Thursday sought bankruptcy protection in the U.S.
Sales cam in much lower than expected.
Home prices are down the most on a year-over-year basis since 2012.
There just are not that many houses for sale right now.
New single-family home construction spending rose 1.7 percent, giving more support to the idea that the housing market may have bottomed earlier this year and begun to recover.
New York City Mayor Eric Adams compared a woman to a plantation owner after she called him out for supporting a hike in rent prices.
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.
Sales rose 4.1 percent to an annual rate of 683,000 in April, the Commerce Department reported Tuesday.
The gains in April were driven by single-family construction in the West and multifamily construction around the country.
California’s Task Force to Study and Develop Reparation Proposals for African Americans has recommended a massive program to address past housing discrimination, including the review of local real estate ordinances.
Measure ULA, a tax on high-end properties passed by Los Angeles voters in 2022, has flopped after just one month in operation, bringing sales of luxury homes to a halt while raising little money for affordable housing.
A project intended to provide an entire apartment building for “women-only” won’t be as free from Y-chromosomes as initially thought…
New home sales jump to 683,000, must higher than expected.
The latest evidence of an earlier than expected recovery for the housing market.
Climbing mortgages rates in March held back sales.
The nascent recovery in the U.S. housing market took a breather in March.
Sens. Tom Cotton (R-AR) and Katie Britt (R-AL) have introduced a plan that would ban Chinese nationals and Chinese companies from buying and owning real estate in the United States.
The latest sign that the housing recession may be coming to an end.
Home prices have been declining as the Federal Reserve’s interest rate hikes have pushed up rates on home loans.
Sales of new homes in the U.S. moved up in February after a big downward revision to the prior month’s estimate. The Census Bureau said Friday that purchases of new single-family homes rose 1.1 percent to a annualized pace of
A much bigger jump in home sales than expected.
Has disinflation in housing already gone dry?
The Palm Beach, Florida, home of the late talk radio pioneer Rush Limbaugh has sold for $155 million — netting a massive profit, since it was bought in 1998 for $3.9 million.
Higher mortgage rates have thrown sand into the gears of the housing market.
Is the housing recession already over?
A new paper says older homeowners dropped out of the labor force when home prices boomed.
A funny thing happened on the way to the recession.
The president also accused housing values of being racist, vowing to tackle the racial disparities that exist in the real estate market.
A big jump in spending on manufacturing facilities fueled an unexpected rise in November. Home building, however, remains in decline.
Luxury home sales took a significant plunge recently as the nation grapples with economic problems.
