Sunday, February 23

Tag: Home Sales/Housing Affordability Figures

China’s Retail Spending Picks Up, as Housing Slump Deepens
15Nov By adminNo Comments
World

China’s Retail Spending Picks Up, as Housing Slump Deepens

Updated Nov. 15, 2023 12:15 am ETHONG KONG—China’s economy showed modest signs of improvement in October as consumer spending picked up, but the country’s prolonged property slump worsened.Retail sales rose 7.6% compared with the same period last year, when stringent Covid lockdowns kept a tight lid on spending activities, according to data released Wednesday by China’s National Bureau of Statistics. October’s sales accelerated from September’s 5.5% year-over-year growth and topped the 7% expected by economists.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Buying a House Isn’t Happening, So They’re Spending and Saving Differently
10Nov By adminNo Comments
World

Buying a House Isn’t Happening, So They’re Spending and Saving Differently

Updated Nov. 10, 2023 9:45 am ETListen to article(2 minutes)Would-be home buyers are giving up on the housing market and finding other ways to use the money they had been saving.With mortgage rates near 8% and average home prices hitting record highs, sales of existing homes were down 15.4% year-over-year in September, according to the National Association of Realtors. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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When You Give Up on Buying a House, What Do You Do With the Down Payment?
10Nov By adminNo Comments
Money

When You Give Up on Buying a House, What Do You Do With the Down Payment?

Listen to article(2 minutes)Would-be home buyers are giving up on the housing market and finding other ways to use the money they had been saving.With mortgage rates near 8% and average home prices hitting record highs, sales of existing homes were down 15.4% year-over-year in September, according to the National Association of Realtors. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Diane Sawyer’s Martha’s Vineyard Home Sells for Just Shy of $24 Million Asking Price
3Nov By adminNo Comments
World

Diane Sawyer’s Martha’s Vineyard Home Sells for Just Shy of $24 Million Asking Price

Listen to article(1 minute)Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.Just over two months after putting it on the market for $24 million, veteran news anchor Diane Sawyer has sold her beachfront estate on Martha’s Vineyard.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jury Finds Realtors Conspired to Keep Commissions High
1Nov By adminNo Comments
World

Jury Finds Realtors Conspired to Keep Commissions High

Updated Oct. 31, 2023 5:56 pm ETKANSAS CITY, Mo.—A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high.The verdict could lead to industrywide upheaval by changing decades-old rules that have helped lock in commission rates even as home prices have skyrocketed—which has allowed real-estate agents to collect ever-larger sums. It comes in the first of two antitrust lawsuits arguing that unlawful industry practices have left consumers unable to lower their costs even though internet-era innovations have allowed many buyers to find homes themselves online.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. ...
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U.S. Home Prices Rose to Record in August
31Oct By adminNo Comments
World

U.S. Home Prices Rose to Record in August

Updated Oct. 31, 2023 9:15 am ETHome prices rose in August to a record high as a shortage of homes for sale kept the market competitive.The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 2.6% from a year earlier in August, compared with a 1.0% annual increase the prior month. The August level was the highest since the index began in 1987.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.K. Home Prices Fall Became More Widespread in October
30Oct By adminNo Comments
World

U.K. Home Prices Fall Became More Widespread in October

The U.K. housing market saw widespread price falls in September, as higher mortgage rates and cost-of-living pressures squeezed buyer budgets across most local markets, according to new research published by Zoopla.U.K. house prices fell 1.1% on year, the most dramatic slowdown in price growth since 2009. House price falls—previously concentrated in Southern England—are now hitting 80% of local markets, though the size of the declines remains limited below 5%, the real-estate company said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hong Kong Cuts Housing, Stock-Market Taxes in Bid to Boost Global Standing
25Oct By adminNo Comments
World

Hong Kong Cuts Housing, Stock-Market Taxes in Bid to Boost Global Standing

Hong Kong will cut taxes on home purchases and stock trades, part of efforts to revive its credentials as a financial hub and boost a struggling property market.Hong Kong Chief Executive John Lee on Wednesday unveiled a raft of measures to turn around flagging property sales. These include halving home-purchase taxes and allowing homeowners to sell without paying extra tax after holding properties for two years, down from three years previously.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australia’s Strong Inflation Data May Pressure RBA to Hike Rates Further
25Oct By adminNo Comments
World

Australia’s Strong Inflation Data May Pressure RBA to Hike Rates Further

Oct. 24, 2023 9:38 pm ET|WSJ ProSYDNEY—Australia’s consumer prices rose by more than expected in the third quarter which may pressure the Reserve Bank of Australia to come off the sidelines and raise interest rates at its meeting next month.The consumer-price index rose 1.2% on the quarter and 5.4% on the year, the Australian Bureau of Statistics said Wednesday. The data beat market expectations, with core measures of inflation also coming in higher than economists had expected.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Stay on top of inflation and monetary policy.News and commentary to help you monitor and analyze shifts in the world economy and the policies of central banks.
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