Real estate
This LA mansion is staring down an April 1 deadline before the seller loses millions
The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less than two years ago — all to beat a ticking clock. The home features a Kobe Bryant-themed basketball court, car showroom and a 70-foot infinity pool that appears to […]
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China Evergrande’s electric powered motor vehicle device warns it may well halt production amid resources lack
The Evergrande vehicle Hengchi 5 in Shanghai, China. CFOTO | Long run Publishing | Getty Photos China Evergrande New Vitality Motor vehicle Team explained on Thursday it may possibly have to halt manufacturing of electric powered cars if it could not acquire fresh funding, immediately after offering far more than 900 models of its flagship […]
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Mortgage demand increases again, but interest rates are rising
A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand has increased for three straight weeks now, as interest rates dropped in response to the recent bank failures. But rates are rising again, and that could put a damper on application […]
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Home sales spike 14.5% in February as the median price drops for the first time in over a decade
Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly gain in 12 months and the largest increase since July 2020, just after the start […]
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Below are the most polluted cities and nations around the world in the planet
Commuters make their way together a avenue amid smoggy and foggy conditions early in the early morning in Lahore on January 3, 2023. Arif Ali | AFP | Getty Photographs About 90% of the international inhabitants in 2022 skilled harmful air top quality, and only 6 countries fulfilled the Earth Health and fitness Organization’s suggestions […]
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Homebuilders say demand is rising, but they’re concerned about a banking fallout
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Mortgage rates are high and volatile, homes are still pricey, and inflation is not in check, but, even so, the nation’s homebuilders are starting to feel better about their business. A […]
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Mortgage demand rises despite volatile interest rates
Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.71% […]
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Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage […]
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China developer Nation Garden sees 2022 reduction amid residence sector slump
Region Back garden Holdings Co.’s Fengming Haishang household progress in Shanghai, China, on Tuesday, July 12, 2022. Qilai Shen | Bloomberg | Getty Illustrations or photos Top rated Chinese property developer Nation Backyard Holdings explained on Monday it envisioned to swing to a internet reduction of up to $1.1 billion for 2022 amid a sluggish […]
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Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest
Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images The U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it. Sales of luxury homes dropped 45% during the three […]
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