home sales – The News Desk

Chinese State-Owned Firms Establish $1.4 Billion Fund

2Jan

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World

Chinese State-Owned Firms Establish $1.4 Billion Fund

Two Chinese state-owned companies will establish a 10 billion yuan ($1.41 billion) fund to invest in companies with real estate project assets.Under the agreement, New China Life Insurance will be the limited partner providing CNY9.9 billion in capital and China International Capital Corp.will act as general partner that will manage the fund, New China Life said late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

UK House Prices Fell Sharply in December

11Dec

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World

UK House Prices Fell Sharply in December

The average house price in the U.K. fell 1.9% in the month to Dec. 2, the largest fall for this period for more than 20 years, according to new data from Rightmove.The average price of property coming to the market fell on month to 355,177 pounds ($447,345), a bigger fall than the usual seasonal slip of 1.5%, the online property portal said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Who Got a Lot Richer and Who Didn’t During the Pandemic

4Dec

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Money

Who Got a Lot Richer and Who Didn’t During the Pandemic

The pandemic made Americans richer across every racial, ethnic and income group—though not equally.Home values shot up, and with fewer opportunities to spend money during lockdowns, many people paid down debt and boosted savings. Between 2019 and 2021, the median household’s net worth increased 30% to $166,900, according to a report out Monday from Pew Research Center.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

It’s been a brutal year for homebuyers. Here’s what experts predict for 2024, from mortgage rates to prices.

2Dec

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Money

It’s been a brutal year for homebuyers. Here’s what experts predict for 2024, from mortgage rates to prices.

New real estate data shows sellers incurring more losses, sales down New real estate data shows sellers incurring more losses, sales down 02:14 Homebuyers faced a tough real estate market this year, with home prices continuing their upward march and mortgage rates reaching their highest levels in more than 20 years. Making matters worse, homes for sale were in short supply, putting more upward pressure on prices. The question is whether 2024 will deliver more of the same, or if homebuy...

28Nov

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Money

The Price Is Wrong for Housing

Nov. 28, 2023 10:34 am ETLower rates would make U.S. houses more affordable, just not affordable enough.The pandemic set off a flurry of demand for housing. Americans’ newfound desire for space, the padding of U.S. household finances from government relief checks, and sub-3% mortgage rates were a potent mix that sent home prices skyward. Now the buying frenzy has passed and, with mortgage rates at their highest levels in over 20 years, not many homes are getting sold at all.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Nov

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World

Home Prices Rose to Record in September

Updated Nov. 28, 2023 9:19 am ETHome prices hit a new record in September due to a shortage of homes for sale, even as high interest rates made home purchases less affordable.The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September, compared with a 2.5% annual increase the prior month. The September level was the highest since the index began in 1987.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

October Home Sales Likely Fell to New 13-Year Low

21Nov

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World

October Home Sales Likely Fell to New 13-Year Low

Tuesday’s existing-home-sales report is expected to show that the number of home sales in October fell to a new 13-year low.Economists surveyed by The Wall Street Journal estimate sales of previously owned homes fell a seasonally adjusted 1.5% in October from September.High home prices and elevated mortgage rates have made home purchases far less affordable for buyers, pushing many out of the market.The National Association of Realtors will release the October existing-home-sales report at 10 a.m. Eastern time Tuesday. Even as home-buying demand has slumped, the inventory of homes for sale has stayed low because high rates are making homeowners unwilling to sell and move. The limited supply is a major reason that home prices are rising in much of the U.S. Copyright ©2023 Dow Jones & C...

China’s Problem With Unfinished Homes Keeps Getting Bigger

19Nov

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World

China’s Problem With Unfinished Homes Keeps Getting Bigger

Updated Nov. 19, 2023 12:01 am ETChina’s housing market has a big problem: millions of unfinished homes that were sold but not delivered.Solving that is crucial for a recovery, but the problem keeps getting bigger. More property developers are defaulting on their debt and adding to the logjam of construction delays and stalled residential developments across the country. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Congrats, Your House Made You Rich. Now Sell It.

17Nov

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World

Congrats, Your House Made You Rich. Now Sell It.

Forget the old slogan about there never being a better time to buy a home. For baby boomers, there might never be a better time to sell.The kids are gone, the stairs aren’t going to get easier to climb, and downsizing with home prices up so sharply since the pandemic could pad out those retirement savings. Many boomers have little or no debt on their current homes and, as an added bonus, it is easy to find ready buyers with so few homes on the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

17Nov

By adminNo Comments

Money

Congrats, Your House Made You Rich. Now Sell It.

Forget the old slogan about there never being a better time to buy a home. For baby boomers, there might never be a better time to sell.The kids are gone, the stairs aren’t going to get easier to climb, and downsizing with home prices up so sharply since the pandemic could pad out those retirement savings. Many boomers have little or no debt on their current homes and, as an added bonus, it is easy to find ready buyers with so few homes on the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8