Real estate

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 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 ...

China 12/22/21, 15:33

Shimao Group, a giant Chinese real estate group, has sold their stakes in a major project named Victoria Harbor in Hong Kong, according to Epoch Times. The deal was paid in cash, with an estimated loss of nearly $90 million.  Shimao Group is ranked 13th among China's real estate businesses with largest ...

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 ...

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 ...

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 ...

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 ...

China 10/21/21, 20:32

The real estate sector in China is facing a grim period as house prices start to see a monthly drop in some major cities. Of the 70 largest cities in China, there had been 36 of them with plummet price values, an expanded number from 16 cities in August, according to ...

China 10/06/21, 04:15

A midsize Chinese real estate developer missed a $282.1 million bondholder payment today, adding to the industry's financial woes as one of the country's largest developers fights to avoid defaulting on billions of dollars in debt. Like its larger rival, China Evergrande Group, Fantasia is based in Shenzhen and has struggled ...

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 ...

U.S. 08/12/21, 18:59

In Wyoming, Michigan, police claim that the handcuffing of a Black real estate agent and his customers, captured on body camera and dash-camera video, was not racially motivated because a home invasion had occurred at the same house a week before. "After a thorough internal review of the actions of each ...

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 ...

U.S. 04/02/21, 12:55

A $1.6 billion luxury resort community in Missouri was a dream that had everything—except people. A video of the subdivision of abandoned expensive mansions has gone viral, as social media viewers let their imaginations run wild.    See it for yourself in the video as TikTok user @carriejernigan1  filmed a scene of a spine-tingling 900-acre ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...