Housing
Severe winter weather dampens home sales, keeping prices high, Redfin says
A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according […]
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Hamptons mansion once listed for $150 million sells at auction for less than $90 million
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two parts — one house sold […]
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December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to a seasonally adjusted annualized rate of 3.78 million units, according to the National Association of Realtors. Sales were 6.2% lower […]
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Homebuilder sentiment improves for second straight month, following drop in mortgage rates
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher […]
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Place Yard expects China house current market to continue being weak in 2024
TOPSHOT – This aerial picture taken on Oct 31, 2021 shows properties of China’s developer Region Backyard garden Holdings in Zhenjiang, in China’s jap Jiangsu province. China’s major developer Country Backyard Holdings reported a file 96 percent on-calendar year fall in its very first-fifty percent earnings on August 30, 2022, in the most recent grim […]
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Home prices are surging – and Detroit gained the most in November, beating Miami for the first time
A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared with the same mont a year […]
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Mortgage rate decline pulls buyers back into the housing market
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie […]
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The 2023 U.S. economy, in a dozen charts
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment. […]
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NatWest chair sparks backlash for stating it's not 'that tough' to obtain a property in Britain
Howard Davies, chairman of Natwest Team Plc. Bloomberg | Getty Photographs The chair of one particular of Britain’s largest financial institutions faced a backlash Friday just after saying it is not “that tricky” to get on the property ladder. NatWest chair Howard Davies told the BBC’s “Right now” system that the latest economic landscape — […]
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Japan battles from time to rescue New 12 months's Working day quake survivors
Firefighters extinguish a hearth in Nanao, Ishikawa Prefecture, Japan, early on Tuesday, Jan. 2, 2024. Soichiro Koriyama | Bloomberg | Getty Photographs Japan on Tuesday struggled to evaluate the extent of problems from an earthquake that struck its west coastline, killing at the very least a dozen individuals, wrecking structures and significant roads, and knocking out power to […]
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