News Analysis As China’s real estate crisis continues to grow, the impact on U.S. real estate is starting to take shape. Much of the impact appears likely to be felt in California and New York, where Chinese investors own many large commercial buildings, and are the main backers of several high-profile development projects. Evergrande Group’s…
China Real Estate Crisis Could Mean Trouble for US Markets
November 12, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesevergrandeInvestmentreal estateUS Real Estate
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Northeast Locations Absent in America’s Top 10 Commercial Office Markets
New York, Boston, Providence, Philadelphia, and Washington D.C. are among the largest cities in the Northeast, with a plethora of towering office buildings populating their skylines. Ironically though, none of these locations are listed in the National Association of Realtors’ (NAR) Top 10 Commercial Office Markets for the third quarter of 2021. Instead, the South…
US Mortgage Rates Surge to 6-Month High: MBA
Interest rates on the most popular type of U.S. home loan shot to a six-month high last week as global rates continued their march higher against a bout of stiff inflation and expectations that central banks will back further away from their pandemic-era easy-money policies. The contract rate on a 30-year fixed rate mortgage climbed…
Single Family Rentals on the Rise
While home ownership has always been the American dream, there are millions of families in the United States who believe home leasing is equally dreamy. In fact, the National Rental Home Council (NRHC) indicates that there are more single-family homes for rent—at 23 million—than there are apartment units at 20 million. Recent statistics from the…
Wealthy California City Faces Growing Homelessness Crisis
June 6, 2021
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ArcadiaCaliforniahomelessnessLocal Newsreal estateRegional-Local NewsSouthern Californiatiny hometiny shelterUSUS NewsUS Real Estate
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On June 1, Arcadia’s city council for the second time delayed its decision on a “tiny shelter” proposal intended to relocate the city’s homeless, as the Los Angeles suburb struggles to deal with a growing homelessness issue. In 2015, there were 22 homeless individuals recorded living in Arcadia, 13 of whom were sheltered in transitional…
US Home Prices Rose 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving to houses in the suburbs from crowded urban areas. The S&P CoreLogic Case-Shiller 20-city home price index, released on Feb. 23, climbed 10.1 percent in December from a year earlier. The year-end jump…
US Home Prices Rise 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1 percent in December from a year earlier. The year-end jump was the…
US Contract Signings to Buy Homes Hits Record for December
SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Friday report. An index…
US Home Contract Signings Set Record High for December
SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Jan. 29 report. An…
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