Today: October 30, 2024
Today: October 30, 2024

Real Estate

Business|Economy|News

Asking prices for UK homes close to record high, Rightmove says

Prices of homes being sold in Britain are close to their record highs after the biggest annual increase in a year, according to an industry survey that suggested the momentum in the

Asking prices for UK homes close to record high, Rightmove says
Business|Economy|News

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
Business|Economy|US

AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers

General Motors and real estate firm Bedrock will jointly study how to redevelop the automaker’s huge headquarters tower complex in downtown Detroit, a person briefed on the plans said

AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers
Business|Economy|News

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates

Shop for a home now or hold out for possibly lower mortgage rates

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
Business|Economy|Finance|News|US

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
Asia|Crime|Economy|Finance

What to know about the Vietnamese real estate tycoon sentenced to death in fraud case

A Vietnamese real estate tycoon was sentenced to death in the country’s biggest ever financial fraud case, underlining an intensifying anti-corruption drive in the southeast Asian nation

What to know about the Vietnamese real estate tycoon sentenced to death in fraud case
Economy|Europe|News

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate

The Spanish government says it will scrap so-called “golden visas” that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate
Business|Economy|Finance|News|US

Average long-term US mortgage rate rises modestly this week, holding just below 7%

The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year

Average long-term US mortgage rate rises modestly this week, holding just below 7%
Business|Economy|Finance

Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits

Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions

Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Business|Economy|News|US

February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market

Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year as homebuyers were encouraged by a modest pullback in mortgage rates and more properties on the market

February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
Business|Economy|Finance

Rules that helped set real estate agent commissions are changing. Here's what you need to know

The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions

Rules that helped set real estate agent commissions are changing. Here's what you need to know
Arts|Celebrity|Entertainment|Europe|Lifestyle

Freddie Mercury's home is on the market for first time since 1980 minus his 'exquisite clutter'

The mansion that was Freddie Mercury's sanctuary in London and where he lived the final decade of his life is on sale for the first time in nearly 45 years

Freddie Mercury's home is on the market for first time since 1980 minus his 'exquisite clutter'
Business|Finance|News|US

National Association of Realtors to pay $418 million to settle real estate agent commission lawsuits

A powerful real estate trade association has agreed to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions when they sold their home

National Association of Realtors to pay $418 million to settle real estate agent commission lawsuits
Asia|Business|Economy|Finance|Stock Markets

Stocks are mixed as China scrambles to avoid major real estate developer bankruptcy

China stocks are mixed as the country scrambles to avoid major real estate developer bankruptcy

Stocks are mixed as China scrambles to avoid major real estate developer bankruptcy
News|US

Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot

An unusual legal challenge may upend the future of a Chicago ballot measure that would hike a real estate tax on high-end properties sales to pay for services for homeless people

Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Environment|News

A billionaire-backed campaign for a new California city is off to a bumpy start

A billionaire-backed proposal to build an eco-friendly California city from scratch is off to a bumpy start in qualifying its voter initiative for the Nov. 5 ballot

A billionaire-backed campaign for a new California city is off to a bumpy start
Business|Economy|News|US

Home sales rose in January as easing mortgage rates, inventory enticed homebuyers

Sales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market

Home sales rose in January as easing mortgage rates, inventory enticed homebuyers
News|US

Southern Illinois home of Paul Powell, the 'Shoebox Scandal' politician, could soon be sold

The birthplace of one of Illinois' more notorious politicians might soon be up for sale

Southern Illinois home of Paul Powell, the 'Shoebox Scandal' politician, could soon be sold
Business|Economy|Finance|US

Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks

The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season

Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
Asia|Business|Economy|Finance|Stock Markets

China names a new stock regulator and reports new developer financing in a bid to soothe markets

Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers

China names a new stock regulator and reports new developer financing in a bid to soothe markets
Asia|Business|Economy|Finance|News|Stock Markets|World

Beijing replaces head of China Securities Regulatory Commission during stock market slump

Beijing has replaced the head of the China Securities Regulatory Commission in an apparent effort to restore confidence in the stock market following major losses in domestic share prices

Beijing replaces head of China Securities Regulatory Commission during stock market slump
Asia|Business|Economy

China pledges help for renters, among other moves to prop up its ailing property market

China has rolled out a flurry of measures to help prop up its ailing property market, while also promising to boost government spending

China pledges help for renters, among other moves to prop up its ailing property market
Business|Finance

Keller Williams agrees to pay $70 million to settle real estate agent commission lawsuits nationwide

One of the nation’s largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions

Keller Williams agrees to pay $70 million to settle real estate agent commission lawsuits nationwide
Asia|Business|Economy|Finance|News|World

China doubles down on moves to mend its economy and fend off a financial crisis

China's leaders have launched a barrage of new policies to prop up languishing financial markets and rekindle growth in the world's second-largest economy

China doubles down on moves to mend its economy and fend off a financial crisis
Business|Finance|US

U.S. homebuiler D.R. Horton raises full-year home sales forecast

U.S. homebuilder D.R. Horton Inc on Tuesday raised its forecast for full-year home sales, as declining mortgage rates ease affordability for homebuyers.

U.S. homebuiler D.R. Horton raises full-year home sales forecast
Business|Finance

Country Garden's offshore bondholders pick Kirkland for debt revamp talks - source

HONG KONG (Reuters)PROPERTY/DEBT-COUNTRYGARDEN - A major group of Country Garden offshore creditors has appointed Kirkland & Ellis LLP as the legal adviser, a source familiar with the matter said, in

Country Garden's offshore bondholders pick Kirkland for debt revamp talks - source
Business|Economy|Finance|Stock Markets|US

Maligned US real estate sector draws buyers eyeing rate cuts

Falling inflation and expectations of an economic soft landing are buoying hopes for U.S. real estate stocks in 2024, even as the sector continues to lag the

Maligned US real estate sector draws buyers eyeing rate cuts
Economy|News|US

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
Business|Economy|News|Technology|US

Billionaire backers of new California city seek voter approval after stealthily snapping up farmland

After years of secretly snapping up property for plans to build a new California city, a company backed by Silicon Valley billionaires is taking the pitch to voters

Billionaire backers of new California city seek voter approval after stealthily snapping up farmland
Finance|News|US

Average long-term mortgage rates rise again, reaching their highest level in 4 weeks

The average long-term U.S. mortgage rate rose for the second time in as many weeks, climbing to its highest level in four weeks

Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
Economy|Finance|News|US

Average long-term mortgage rates edge higher, snapping 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades

Average long-term mortgage rates edge higher, snapping 9-week slide
Business|Economy|Finance

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%
Economy|Finance|US

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room
Business|Travel

Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada

A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip

Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada
Asia|Business|Economy|Finance|News

Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January

A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29

Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January
Business|Economy|Finance

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade

Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade
Economy|WrittenByLAPost

The End of 5%? Landmark Case Could Reshape Real Estate Commissions

A federal jury in Missouri delivered a $1.8 billion verdict against the National Association of Realtors and three major real estate brokerages on Tuesday, finding them guilty of illegally inflating commissions by conspiring to require home sellers to pay the buyer’s agent. This landmark antitrust case could reshape how homes are bought and sold in America by potentially changing the traditional compensation structure, where seller’s agents split a 5-6% commission with the buyer’s agent. For decades, it has been standard practice for home sellers to pay their listing agent a commission, typically around 3% of the sale price, which is

The End of 5%? Landmark Case Could Reshape Real Estate Commissions
Business|US

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire
Business|Finance|US

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales
Asia|Business|Economy|News|World

China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

China holds major financial conference as leaders maneuver to get slowing economy back on track
Asia|Business|Economy|Finance|Stock Markets

Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status

Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub

Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status
Economy|Finance|News|US

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Business|Crime|Economy|News|US

Trump returns to his civil fraud trial, hears an employee and an appraiser testify against him

Former President Donald Trump has returned to the New York civil fraud trial that imperils his real estate empire

Trump returns to his civil fraud trial, hears an employee and an appraiser testify against him
Business|Economy|Finance|US

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000

Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power

The average long-term US mortgage rate surges to 7.57%, holding at highest level since 2000
Business|Economy|Finance

Chinese developer Country Garden says it can't meet debt payment deadlines after sales slump

Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts

Chinese developer Country Garden says it can't meet debt payment deadlines after sales slump
Asia|Business|Economy|Finance|Stock Markets

China Evergrande soars after property developer's stocks resume trading

Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week

China Evergrande soars after property developer's stocks resume trading
Asia|Business|Economy|Finance|Stock Markets

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
Business|News|US

Donald Trump's lawyers ask judge to clarify fraud ruling’s impact on ex-president's business

Does a judge’s fraud finding spell the end of Donald Trump’s real estate empire

Donald Trump's lawyers ask judge to clarify fraud ruling’s impact on ex-president's business
Crime|News|US

Judge rules Donald Trump defrauded banks, insurers while building real estate empire

A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House

Judge rules Donald Trump defrauded banks, insurers while building real estate empire
Business|Economy|Finance|US

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO

The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
Business|Economy|News|US

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Asia|Business|Crime|Finance

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Follow