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Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.  Joe Raedle | Getty Images Mortgage rates jumped Monday, following a rise in bond yields driven by investors’ concerns that high interest rates and inflation

In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT The headquarters of China’s developer Country Garden Holdings in Foshan, in China’s southern Guangdong province. STR | AFP | Getty Images Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index on Sept. 4. The decision comes after the benchmark’s latest

Aerial photo shows a rural residential area in Chengdong town of Hai ‘an City, East China’s Jiangsu Province, April 1, 2023. Future Publishing | Future Publishing | Getty Images China’s real estate troubles are accelerating. Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers

A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images China’s heavily indebted property developer Evergrande group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring

For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over. Almost three-quarters, 72%, of Americans say they aren’t financially secure

The Tuscan-style mega villa that sits high atop Malibu has just been put back on the market with a $44.5 million price tag. The residence, known as Malibu Rocky Oaks, sits on 37 acres at an elevation of 2,000 feet in the Santa Monica Mountains. At that altitude, under certain weather conditions, the house often

A real estate agent shows a home to a prospective buyer in Miami. Getty Images Mortgage rates rose for the third straight week last week, matching a 22-year high. As a result, mortgage demand dropped as well. Total mortgage application volume was 29% lower than the same week one year ago, according to the Mortgage

Despite persistent predictions that a recession is imminent, the U.S. economy has fared surprisingly well. The first half of 2023 notched two quarters of positive growth, while a strong labor market and resilient consumer spending bodes well for the months to come. Gross domestic product, which tracks the overall health of the economy, rose more

In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images JPMorgan raised its global emerging markets corporate high-yield default forecast, largely due to rising contagion fears in China’s

Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023. Mike Blake | Reuters Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped six points to 50 in August, according to

In this article UBSG-CH UBS Follow your favorite stocksCREATE FREE ACCOUNT General view of the UBS building in Manhattan, New York, June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its

Country Garden Holdings Co.’s Fengming Haishang residential development in Shanghai, China, on Tuesday, July 12, 2022. Qilai Shen | Bloomberg | Getty Images Shares of beleaguered Chinese real estate company Country Garden Holdings slumped to an all-time low on Friday as the company issued a profit warning a day earlier. The stock fell to an

Private phone booth at One Wall Street Courtesy: One Wall Street The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. Even as workplaces reopen, 59% of

Pictured here are residential buildings developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Qilai Shen | Bloomberg | Getty Images BEIJING — Two years after Evergrande’s debt troubles, worries about China’s real estate sector are coming to the forefront again. Country Garden, one of the largest non-state-owned

A potential buyer walks in to view a home for sale during an open house in Parkland, Florida, May 25, 2021. Carline Jean | Tribune News Service | Getty Images Mortgage interest rates soared across the board last week, with the rate on the government’s low-down-payment option increasing to the highest level in 21 years.

A man enters a Bank of America branch in New York. Scott Mlyn | CNBC As if higher mortgage rates weren’t enough, it was harder even to qualify for a mortgage in July than it has been in a decade, according to the Mortgage Bankers Association. Its monthly index measuring credit availability dropped in July

Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lost. Home prices in June hit record highs in 60% of U.S. markets, according to a new report from Black Knight, set to be released Monday. Its

Former U.S. President and Republican presidential candidate Donald Trump looks on as he speaks during a campaign rally in Erie, Pennsylvania, July 29, 2023. Lindsay Dedario | Reuters The independent financial monitor for the Trump Organization told a New York judge she identified issues of incompleteness and inconsistency in certain disclosures to lenders and others

Japan’s salary and benefits packages for expats remained the highest in Asia, a new report has found.  The average expatriate package in Japan costs employers $370,183, according to “MyExpatriate Market Pay” survey by data company ECA International.  That’s however 12% lower than last year, due to the weak Japanese yen, which has fallen 9% this

International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar all make the purchases much less financially attractive.   From April of last year to this March, international buyers bought roughly 84,600 homes; that’s the lowest number

A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates have been holding at high levels for several weeks now, and that is taking its toll on homebuyers. The Mortgage Bankers Association reports the average contract interest rate

One of the key reasons renters are getting caught in the crossfire of the mortgage rates is that it is increasing rental demand, said Oliver Knight, head of residential development research at real estate firm Knight Frank. Oscar Wong | Moment | Getty Images LONDON — Mortgage rates are soaring in Britain, and many are

Downtown Los Angeles. TheCrimsonRibbon | Getty Images Americans are feeling the pinch from the high cost of single-family rentals, despite only slight year-over-year growth, according to a new report. Rental prices shot up during the pandemic. They are likely to remain high, with many Americans hesitant to purchase new homes amid soaring mortgage interest rates,

Bob and Terri Wood, of Mobile, Alabama, with their grandson. Courtesy: Bob Wood Bob Wood, 66, has been thinking of selling his home in Mobile, Alabama. The finance professor and his wife, Terri, purchased the 5,000-square foot house with a pool nearly a decade ago. “It’s probably time to downsize,” he said. They would also

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Country Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan. Future Publishing | Future Publishing | Getty Images Hong Kong-listed shares of Country Garden fell 5.06% on Tuesday, following multiple reports that the Chinese real estate developer had scrapped its

A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China’s housing ministry has announced plans to make it easier for people to buy property. The news, out late Thursday, indicates how different levels of government are starting to act just

The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for the first time in four decades. As interest rates climb, economists say financial conditions are headed back to being more normal. related investing news Stocks,

Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application

Construction on a real estate project in Yantai, Shandong province, gets under way on July 8, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. Beijing’s crackdown on the once-hot property market has focused on financial risks of

Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Chinese stocks soared Tuesday as Beijing pledged to ramp up measures to bolster China’s sputtering economy. Hong Kong’s Hang Seng Index surged more than 3%, China’s tech-heavy ChiNext rose 1.8% and the Shanghai Composite Index increased