Real estate
Why youth unemployment is surging in China
China is struggling with a expanding listing of problems — real estate, semiconductor bans and labor market place gyrations. The world’s 2nd-most populous nation also has a significant youth unemployment challenge. China’s urban youth unemployment price has risen to 21% as of May well 2023, up from 15.4% two many years before. “Let us not […]
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Home prices may be on the verge of cooling off
A ‘House For Sale’ sign is displayed on August 30, 2023 in Los Angeles, California. Mario Tama | Getty Images After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, […]
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British isles home revenue set to strike their cheapest considering that 2012 as home finance loan sales plummet
Properties in England. Christopher Furlong | Getty Pictures Information | Getty Pictures LONDON — The quantity of residences marketed in the U.K. this year is set to achieve the most affordable yearly figure considering that 2012, true estate enterprise Zoopla uncovered in its most current property price index produced on Wednesday. The report displays an […]
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Guangzhou eases house loan rules as China ramps up efforts to revive residence sector
Guangzhou on Wednesday became the 1st key Chinese metropolis to announce an easing of home finance loan curbs as the federal government ramps up attempts to revive the disaster-hit property sector and shore up the sputtering overall economy. The final decision will come as some Chinese condition-owned financial institutions are anticipated to lower interest fees […]
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Mysterious new California city backed by some of the major names in Silicon Valley, report suggests
An aerial see of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021. Carlos Barria | Reuters Jan Sramek, a former Goldman Sachs trader, has been quietly performing to develop an urban utopia in California nestled in the vicinity of San Francisco and Silicon Valley. But just a […]
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Evergrande shares plunge as substantially as 87% as trading resumes following 17 months
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a household region of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Picture by Costfoto/NurPhoto by using Getty Images) Getty Illustrations or photos Shares of the world’s most indebted property developer China Evergrande Group plunged as considerably as 87% on its open on […]
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Dubai luxurious household charges soar by almost 50%, with Tokyo’s up 26%. This is where other cities stand
Large-increase tower properties alongside the central Sheikh Zayed Road in Dubai on July 3, 2023. Karim Sahib | Afp | Getty Images Dubai’s luxurious home price ranges surged by nearly 50% in the calendar year up till June, sustaining its top rated ranking for the eighth consecutive quarter, according to a new report by Knight Frank. […]
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Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according […]
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Home sales fall again in July, as supply drops to near quarter-century low
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were […]
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Mortgage rates hit their highest point since 2000
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images Mortgage rates jumped Monday, following a rise in bond yields driven by investors’ concerns that high interest rates and inflation […]
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