Nick Ivan 
Downtown Los Angeles. TheCrimsonRibbon | Getty Images 5 U.S. metro areas with highest monthly rents These U.S. metropolitan real estate markets had the highest median single-family monthly rents during the second quarter of 2023: Los Angeles; Long Beach, California; Anaheim, California: $4,984 San Diego; Carlsbad, California: $4,862 Naples, Florida; Immokalee, Florida; Marco Island, Florida: $4,821 …
Bob and Terri Wood, residents of Mobile, Alabama, are contemplating selling their home. The couple, who bought the spacious 5,000-square foot house with a pool nearly a decade ago, believes it’s time to downsize and be closer to their grandchildren in Tennessee. However, they face a dilemma. They currently hold a 3.125% 15-year fixed mortgage, …
Country Garden abruptly canceled its $300 million primary share placement, according to a report by IFR that cited bookrunner JPMorgan. Photograph by Future Publishing | Future Publishing | Getty Images The Hong Kong-listed shares of Country Garden plunged 5.06% on Tuesday after reports emerged that the Chinese real estate developer had scrapped its planned $300 …
The Federal Reserve Bank building Kevin Lamarque | Reuters The Federal Reserve has raised the target federal funds rate by a quarter of a point in its ongoing efforts to control inflation. In a move expected by financial markets, the Federal Open Market Committee of the central bank increased the funds rate to a target …
The United States is embarking on a new chapter in its economy with the Federal Reserve raising its benchmark interest rate. In July 2023, the federal funds effective rate surpassed 5%, marking a significant shift after four decades. Economists predict that as interest rates continue to rise, financial conditions will return to a more normal …
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates remained stagnant last week, hovering near a recent high. The continuous rise in home prices has resulted in a decline in potential homebuyers. The Mortgage Bankers Association’s seasonally adjusted index indicates …
Construction on a real estate project in Yantai, Shandong province, commenced on July 8, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China is shifting its stance on the struggling real estate sector, signaling potential policy support. Beijing has been cracking down on the once-booming property market, focusing on the financial risks associated with …
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …
A magnificent house is up for sale in the charming city of Arlington, Virginia, as of July 13, 2023. Image: Saul Loeb | AFP | Getty Images The latest data from the S&P CoreLogic Case-Shiller home price index reveals that home prices experienced a steady increase for the fourth consecutive month in May. However, these …
According to Robert Shiller, a renowned economics professor at Yale University, the fear of rising interest rates is impacting the real estate market. This sentiment is not only affecting current homeowners but also potential buyers who are eager to make a purchase before interest rates increase even further. Shiller highlights that U.S. home prices have …