The Weeknd’s $22.5 million artsy LA penthouse is for sale

California 01/10/22, 15:41

A Popstar known as "The Weeknd," whose real name is Abel Tesfaye, has his penthouse in Westwood, Los Angeles, up for sale for $22.5 million. According to public records, the special-effects-loving singer and songwriter paid $21 million for the mansion in 2019. It was one of the most expensive condo transactions ...

China urges state-owned builders to buy insolvent debts from real estate firms

China 01/08/22, 15:40

The Chinese Communist Party (CCP) will ease debt rules to facilitate state-owned property developers to buy up assets of indebted private peers facing a liquidity issue. According to Reuters, the Chinese authorities have urged state-owned builders to examine the assets of private firms experiencing liquidity problems as an increasing number of ...

Expert: China’s real estate market is in a downward spiral

China 12/16/21, 18:50

An Economist in the U.S., Li Hengqing, told Epoch Times on Dec. 11 that for a considerable time, house prices in China had continuously increased, not decreased.  However, house prices will continue to fall shortly because they need to sell properties quickly to get money to survive in these uncertain times. The ...

17 major Chinese real estate firms have stocks fall more than 50%

China 12/07/21, 15:22

More than a dozen major real estate firms in China have seen their stocks nosedive, according to a report. There are more than 30 real estate companies worth over $30 billion in China. 17 of them have had their stocks drop more than 50%, compared to the peak in 2018. Throughout this ...

Evergrande founder sells almost 10% stake amid debt crunch

Uncategorized 12/04/21, 07:02

China Evergrande founder Hui Ka Yan sold his 1.2 billion Evergrande shares on November 25th, raising 2.7 billion $HK - about 0.35 billion USD. Hui Ka Yan's share ownership has fallen from 70,97% to 61,88%.  Reuters reported that Hui Ka Yan's wife Ding Yumei holds about 792 million shares of Evergrande ...

Former New Mexico military town is up for sale

U.S. 11/13/21, 16:37

A New Mexico town previously occupied by the military from the 19th century is now seeking a new owner for $11 million. The town has been on sale since Nov. 5, the New York Post reported. With $11 million, the potential owner is promised a property with a profound history.  The Fort ...

A home built using 21 shipping containers sells for $5 million

New York 09/07/21, 04:19

According to Compass' weekly report, the most expensive home that went under contract in Brooklyn last week was a Williamsburg townhouse made out of shipping containers.The house was completed in 2016 by Brooklyn restaurateurs Joe and Kim Carroll, who also run the Belgian beer bars Spuyten Duyvil and Anselm. The ...

BLM co-founder spends million dollars on real-estate, bought 4 houses since 2016

U.S. 04/12/21, 05:23

As her activist profile rose and demonstrations erupted throughout the U.S., Patrisse Khan-Cullors, one of the Black Lives Matter movement co-founders and an "educated Marxist," is said to have purchased four homes over the last few years. According to a report, the self-described Marxist bought a $1.4 million home on a secluded road near ...

Young homebuyers scramble as prices rise faster than incomes

U.S. 05/25/19, 02:25

For millennials looking to buy their first home, the hunt feels like a race against the clock.In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of real estate industry ...

Number of US homes on the market rose in 1Q as sales slowed

Business 05/23/19, 14:46

Homebuyers in Salt Lake City, Atlanta and other big U.S. metropolitan areas are seeing a pickup in the number of homes for sale, especially in the most affordable segment of the market.In Atlanta, for example, the number of homes for sale jumped 18.9% to 33,836 in the first quarter. That's ...

US new-home sales rose 3.7 percent in December

Business 03/05/19, 10:19

Sales of new U.S. homes climbed in December to their highest pace in seven months, a sign that lower mortgage rates are helping the real estate market.The Commerce Department said Tuesday that new-home sales rose 3.7 percent in December to a seasonally adjusted annual rate of 621,000. November's sales were ...

US pending home sales rebounded 4.6 percent in January

Business 02/27/19, 10:02

More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost.The National Association of Realtors says its pending home sales index rose 4.6 percent last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen ...

US home prices rise at slower pace for 9th straight month

Business 02/26/19, 09:29

US home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined.The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2 percent from a year earlier, down from 4.6 percent in November, according to a report released Tuesday.Home sales ...

Home Depot sales cool along with real estate market

Business 02/26/19, 06:40

Home Depot's fourth-quarter profit is short of expectations with rising real estate prices cooling home sales.Shares fell 2.6 percent Tuesday before the opening bell.The home improvement retailer earned $2.34 billion, or $2.09 per share, far short of the per-share earnings of $2.22 Wall Street was looking for, according to a ...

US home sales tumbled 1.2 percent in January

Business 02/21/19, 10:01

U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.The National Association of Realtors says that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate ...

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