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
January 22, 2024
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
January 19, 2024
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
January 19, 2024
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
January 17, 2024
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
January 11, 2024
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
January 04, 2024
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
December 21, 2023
Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers
December 20, 2023
A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip
December 13, 2023
A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29
December 03, 2023
Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash
November 09, 2023
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
November 06, 2023
The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement
November 02, 2023
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
November 01, 2023
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
October 30, 2023
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
October 25, 2023
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
October 19, 2023
Former President Donald Trump has returned to the New York civil fraud trial that imperils his real estate empire
October 17, 2023
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
October 12, 2023
Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts
October 10, 2023
Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week
October 03, 2023
The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended
September 28, 2023
Does a judge’s fraud finding spell the end of Donald Trump’s real estate empire
September 27, 2023
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
September 26, 2023
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
September 25, 2023
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
September 21, 2023
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
September 17, 2023
Bannon attacks Harris in first speech out of prison
Suriname to hold off on new IMF program until next year's election
Chicago area high school Dad Squad greets students, highlights importance of fathers
Moldovan presidential challenger Stoianoglo seeks measured movement to Europe, prepared to meet Putin
What are the legal questions raised by Israel's ban on UN Palestinian aid agency UNRWA?
UK's new finance minister Reeves lines up tax hikes and borrowing in first budget
Investors take cover in Asia ahead of US election
US governors push back on PJM after record-high power plant prices
San Francisco 49ers’ Charvarius Ward mourns death of daughter
World Series Game 3 averages 13.64 million, beats 'Monday Night Football'
Political art mysteriously pops up in DC ahead of Election Day