The housing market in China is currently facing significant challenges, with government stimulus measures failing to provide the necessary support. Despite various efforts to prop up the sector, including lowering homeowner borrowing costs, the housing market crash is far from over, according to Haibin Zhu, chief China economist at JPMorgan. Home prices are expected to
Real Estate
REA Group, a property listings company controlled by Rupert Murdoch’s News Corp, has expressed interest in potentially acquiring U.K. property portal Rightmove. This move aims to create a global digital real estate business, expanding the reach and influence of both companies. The announcement of this potential takeover offer caused a significant increase in the share
In recent years, there has been a noticeable shift towards renting among Americans for various reasons. According to a report by Intuit Credit Karma, more people are opting to rent items such as cars, apartments, clothing, and furniture due to factors like affordability and flexibility. The rental industry has expanded to include a wide range
The latest data from the S&P CoreLogic Case-Shiller U.S. National Home Price Index has revealed that home prices have reached the highest level ever, even as mortgage interest rates were on the rise. The three-month running average ended in June showing prices nationally were 5.4% higher than in June 2023. Although this was a record
Manhattan, New York: the concrete jungle where dreams are supposedly made of, but at a high price. The median price per square foot in Manhattan sits at a staggering $1,500 according to My Dolce Casa. This means that a modest 500-square-foot condo in the city could set you back a whopping $750,000. However, before you
In the current economic landscape, purchasing a home has become increasingly challenging for many individuals. Despite being a fundamental part of the American Dream, the combination of higher mortgage rates and a shortage of available houses on the market has led to soaring prices, making homeownership a distant dream for some. The median sales price
The recent decrease in mortgage rates for the fourth consecutive week has not had a significant impact on either current homeowners or potential homebuyers. Despite the decrease in rates, the total mortgage application volume only rose by 0.5% compared to the previous week. This lackluster response indicates that the decrease in rates may not be
Consumers looking to buy or sell a home have been eagerly waiting for the Federal Reserve to lower interest rates in September. However, another critical change that could have a significant impact on the real estate market is the potential lapse of the National Flood Insurance Program (NFIP) authorization by September 30. This article delves
Vice President Kamala Harris has proposed a vision for affordable housing as a cornerstone of the “opportunity economy.” This vision includes initiatives to lower the costs of owning and renting a home in the U.S. Harris emphasized the importance of making it more affordable for people to buy a home rather than less. Her plan
Homebuilders D.R. Horton and Lennar saw their shareholder returns outperform the S&P 500 during the period from August 2014 to August 2024. However, this trend took a turn when analysts downgraded their investment outlook this summer. Despite this setback, there are still some investors who hold onto optimism regarding the industry’s performance. In the aftermath