Real Estate

Zillow is now providing homebuyers with “climate change risk data” when they look up house prices on the website, Silicon Valley’s latest attempt to lecture regular people about their environmental obsession.

China’s National Bureau of Statistics on Friday released economic data that showed youth unemployment rose to 17.1 percent in July, an increase from 13.2 percent in June and the highest level recorded in 2024 so far.

Homebuilding contracted violently in July.

The fourth consecutive monthly decline as home affordability continues to be a major problem.

Courts in Hong Kong heard four liquidation suits against Chinese developers from their frustrated creditors last week, a record number of cases to hit the courts at the same time.

Sales of new single-family homes fell 11.3 percent to an annual pace of 619,000, the lowest since November, data from the Census Bureau showed Wednesday.

Share prices in China’s tottering real estate market perk up as municipal governments start buying up distressed properties.

Sales of new homes jumped 8.8 percent to a seasonally adjusted annual rate of 693,000 in March, the highest rate of sales since September of last year. Economists had expected a rate of 670,000. The numbers are reported at an

Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.

A court in Ho Chi Minh City rushed on Thursday to sentence real estate tycoon Truong My Lan, one of the richest women in the world, to death for her part in a $12.5 billion fraud case.

China’s securities regulating agency announced on Monday that it had banned the founder of real estate giant Evergrande from the securities market and accused the company of $78 billion fraud.

A recent lawsuit settlement is expected to bring major changes to the residential real estate market, and some are calling it historic.

Egypt is selling real estate to the United Arab Emirates for $24 billion to make up for the Suez Canal shortfall from Houthi terrorism.

Chinese dictator Xi Jinping demanded innovative solutions to China’s growing economic woes in remarks on Tuesday and Wednesday, warning against “a headlong rush into projects and the formation of industry bubbles” that could result in “abandoning traditional industries.”

China set an official 2024 target for GDP growth of around five percent in a report from Premier Li Qiang to the National People’s Congress.

China launched its “two sessions” — the annual meetings of its top lawmaking body, the National People’s Congress (NPC), and the Chinese People’s Political Consultative Conference (CPPCC), an “advisory” body with over 2,000 members — on Monday, seeking to devise ways to reverse its increasingly concerning economic decline.

Former Pakistani Prime Minister Imran Khan, already jailed on corruption and national security charges, was indicted on Tuesday on charges that he and his wife Bushra Bibi accepted parcels of land as bribes when Khan was in office.

New home prices in China slipped again in January, and existing home sales slipped even more, notching the steepest decline in nine years.

A Hong Kong court on Monday ordered the gigantic China Evergrande Group to liquidate, a long-feared but perhaps inevitable step that brings China’s troubled property market one step closer to a dangerous crisis.

Sales of newly built homes in the U.S. surged by much more than expected as buyers were drawn in by falling interest rates, data from the Commerce Department indicated Thursday. New home sales rose 8 percent to an annual rate

Actor Alec Baldwin listed his Hamptons mansion for sale just days before being indicted on an involuntary manslaughter charge — reducing the asking price by more than $10 million compared to a failed sale attempt in 2022.

Chinese officials signaled that a bailout for the property sector could be imminent as banks face a $4 trillion mountain of bad loans.

Protesters once again stormed banks in China’s Henan province last weekend, a little over a year after a violent regime crackdown.

China’s manufacturing activity crashed in October, posting numbers far lower than the slight dip many outside observers expected.

The mystery surrounding the disappearance of China Evergrande founder Hui Ka Yan deepened on Monday as another billionaire, Skyworth founder Wong Hongsheng, uncorked a WeChat video rant that essentially accused Hui of treason for trying to shelter his assets overseas. 

Sales have dropped to near all-time lows.

The Chinese Communist Party has reportedly placed Hui Ka Yan, the billionaire chairman and founder of China’s gigantic and dangerously indebted Evergrande Group, under police surveillance, reports indicated Wednesday.

All three of the major indexes of home prices hit new record highs in July.

Home affordability keeps getting worse and worse.

Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees.

A Texas real estate mogul from Lufkin reportedly sold a large amount of local farmland to a Chinese billionaire identified as Sun Guangxin, who has links to the Chinese Communist Party (CCP).

Amid ongoing concerns about a crisis in the commercial real estate market, the funds that previously bailed out beleaguered office co-working startup WeWork are reportedly exploring bankruptcy options for the company.

The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.

The rapid rise of interest rates after years of ultra-low rate mortgages has paralyzed the housing market.

Once a symbol of China’s high-flying property market, Evergrande on Thursday sought bankruptcy protection in the U.S.

Sales cam in much lower than expected.