Sunday, February 23

Tag: Real Estate Markets

Congrats, Your House Made You Rich. Now Sell It.
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
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It’s Too Soon to Bet on China’s Housing Turnaround
15Nov By adminNo Comments
Money

It’s Too Soon to Bet on China’s Housing Turnaround

China’s troubled property market remains on shaky ground despite a raft of government policies to stabilize it—and a big jump in property developer stocks today. Beijing still needs much more forceful measures if it wants to turn around the market and stabilize the economy.Residential home sales in China kept contracting last month, data released Wednesday showed. They fell 3.7% year-over-year in the first 10 months of 2023, compared with a 3.2% decline in the first nine. Property investment also remains depressed: It dropped 9.3% over the same period.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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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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China’s Economy Shows Fresh Signs of Slowing
31Oct By adminNo Comments
World

China’s Economy Shows Fresh Signs of Slowing

Updated Oct. 31, 2023 2:45 am ETSINGAPORE—China’s economy suffered a setback as surveys showed factory orders shrank and construction activity slowed, reigniting growth concerns just as activity appeared to be stabilizing.The closely watched surveys show the world’s second-largest economy isn’t out of the woods as it contends with challenges including a slowdown in growth overseas and a drawn-out property bust at home.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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