Real estate
Singapore’s PropertyGuru slips back into the pink with $5.3 million web decline for the 3rd quarter
Private houses in the River Valley/Orchard region in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, in accordance to PropertyGuru’s CFO. Lauryn Ishak | Bloomberg | Getty Photographs Singapore-centered on line property portal PropertyGuru posted a internet loss of S$7.4 million ($5.3 million) for the quarter finished Sept. 30 — down from […]
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Chinese true estate shares surged this thirty day period. But analyst warns of ‘weak reality’ vs. large anticipations
China’s housing prices fell in October owing principally to slipping prices in significantly less created, so-named Tier-3 towns, according to Goldman Sachs examination of formal details. Foreseeable future Publishing | Foreseeable future Publishing | Getty Pictures BEIJING — China’s real estate sector is not however poised for a swift recovery, in spite of a rally […]
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Buyers need a six-figure income to afford a ‘typical’ home, report finds. Here’s how to reduce the cost
It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week. That’s 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12 months ago, […]
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Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to […]
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Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a year ago, but the gains […]
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FTX utilized company cash to buy staff houses, new submitting exhibits
The logo of FTX is observed on a flag at the entrance of the FTX Arena in Miami, Florida, November 12, 2022. Marco Bello | Reuters Company cash have been used to order Bahama houses and “personalized products” in the title of staff members and advisors of FTX, a individual bankruptcy declaration explained, days following […]
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See which states have suffered the most major weather disasters since 2011
Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday that calls for urgent investment in climate adaptation and hazard mitigation. During that same period, 29 states on average endured at least one federally declared disaster, according […]
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Sharp drop in mortgage rates does little to boost demand
A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment […]
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Here’s why Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe’s don’t seem to be feeling the same pain. In fact, they’re faring better than expected. While […]
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The four-day workweek is new standard for 40% of companies, EY survey finds
A man walks on Wall St. during the morning commute, as the city deals with record temperatures and the excessive heat, in New York, July 20, 2022. Brendan McDermid | Reuters A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for […]
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