The property market in China continues to face challenges, as noted by Standard Chartered CEO Bill Winters. Winters highlighted the difficult investing environment in China, pointing out that consumer confidence and international investor confidence remain relatively low. The underlying source of confidence issues seems to be the property market, which has not yet fully bottomed
Real Estate
Renowned economist Joseph Stiglitz, a Nobel Prize winner, believes that the Federal Reserve should implement a half-point interest rate cut at the upcoming meeting. Stiglitz has openly criticized the central bank for its tightening monetary policy, stating that they have gone “too far, too fast,” further exacerbating the inflation problem. As investors eagerly await the
The real estate market is experiencing a shift as the supply of homes for sale is steadily increasing. Data from Realtor.com shows that active listings in August were up 36% compared to the previous year, marking the 10th consecutive month of annual growth. Despite this surge in supply, inventory remains 26% lower than pre-pandemic levels
The real estate market in London is experiencing a significant shift as landlords are choosing to sell their buy-to-let properties at record rates. This trend is driven by anticipated tax hikes from the U.K. Labour government, which are putting increased pressure on what was once considered a lucrative investment sector. The implications of these tax
In a surprising turn of events, mortgage demand has seen a significant shift towards refinancing as interest rates continue to decline. Data from the Mortgage Bankers Association revealed that total mortgage application volume only rose by 1.6% last week, with the bulk of the increase coming from refinancing applications. This marks the fifth consecutive week
China’s housing market continues to face challenges despite various government stimulus efforts. According to JPMorgan economist Haibin Zhu, the housing market crash is far from over, and stabilization may not occur until 2025 at the earliest. Recent data has shown that new home sales are experiencing minimal growth, while resale home prices are on the
In a bold move, the Rupert Murdoch-owned REA Group has announced its contemplation of a takeover offer for the U.K. property portal Rightmove. The Australian property listings company, under the control of Murdoch’s News Corp, is looking to create a global digital real estate business. While no discussions have taken place yet, the declaration alone
The S&P CoreLogic Case-Shiller U.S. National Home Price Index recently reported that home prices have reached the highest level ever, even as mortgage interest rates are on the rise. According to data released in June, prices nationally were 5.4% higher than they were in June 2023. While this marks a record high for the index,