Real estate
‘Cash-flow’ podcaster created off with tens of millions in Ponzi scheme, SEC alleges
Men and women exit the headquarters of the U.S. Securities and Trade Commission in Washington, D.C., on May well 12, 2021. Andrew Kelly | Reuters An Ohio podcast host ran an $11 million Ponzi scheme that defrauded additional than 50 investors with false claims of assisting them turn into a “true estate investing badass,” the […]
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China house stocks tumble as Evergrande drops 25% on financial debt restructuring roadblock
The Evergrande Team headquarters setting up in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Team | Getty Photographs Hong Kong-listed shares of embattled Chinese actual estate organization Evergrande tumbled as much as 25% on Monday, after the corporation claimed that it would delay a […]
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Home sales stick near recent lows in August, but prices continue to climb
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were […]
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Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a 6-point drop in August. Anything […]
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Airbnbs in NYC are disappearing. Here’s what could happen to hotel selling prices
Numerous Airbnb users with bookings in New York Metropolis this Christmas are scrambling to obtain new lodging. The organization introduced options to terminate and refund bookings for stays following Dec. 1, according to the Affiliated Push, soon after prolonged-prepared restrictions aimed at curbing unlawful limited-time period rentals in the metropolis went into influence on Sept. […]
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China’s assets slump worsens, clouding restoration prospective clients
Residential structures beneath building at the Tao Yuan Tian Jing venture, made by China Evergrande Team, in Yangzhou, China, on Thursday, Sept. 7, 2023. Speculative bets that Chinese authorities will widen support for the house sector sent some of the country’s ailing builders surging by the most on record. Bloomberg | Getty Photographs A slump […]
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China’s retail revenue shock with more rapidly expansion, up 4.6% in August
Chinese laborers operating at a design internet site at sunset in Chongqing, China on March 6, 2005. China Photographs | Getty Images BEIJING — China’s retail profits and industrial output picked up pace in August with much better-than-expected advancement, according to National Bureau of Data data introduced Friday. Retail gross sales grew by 4.6% in […]
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Manhattan median rent remains at record high of nearly $4,400 a month
Manhattan renters may have reached their “affordability threshold” in August, as median rents remained at a record high, according to a new report. The median rent in Manhattan in August was $4,370 a month, unchanged from the record high in July, according to data from brokerage firm Douglas Elliman and the appraisal and research firm […]
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‘Just a short term blip’: Chinese tourists will be again, says Banyan Tree founder
Chinese tourists are returning to Banyan Tree Holdings inns, it’s founder advised CNBC. Christian Heeb| Prisma By Dukas | Common Photographs Group | Getty Visuals A dearth of Chinese travelers is very little to “get worried about,” stated Banyan Tree Holdings founder Ho Kwon Ping. “They are certainly heading to come back,” he explained to […]
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Mortgage desire stalls at a stage not viewed because 1996
A “For Sale” signal hangs in entrance of a residence in San Mateo County, California, Aug. 22, 2023. Liu Guanguan | China News Support | Getty Photographs Bigger property finance loan fees go on to take their toll on mortgage demand, particularly for refinancing. Overall home loan application quantity dropped .8% last 7 days compared […]
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