Property prices in a small city in China’s northeastern Heilongjiang Province nosedived in 2021 to the point they are the lowest in the country, and the local government is China’s first to undergo fiscal consolidation. Hegang, a city with a population of less than 900,000, is regarded as a Tier 5 city in China. As…

House price growth recorded a surprising bounceback in August as the average property value increased by nearly £5,000 ($6,878) in the space of a month. Across the UK, the average house price in August was £248,857 ($342,361)—11 percent higher than a year earlier, Nationwide Building Society said. The average house price in August was £4,628…

Commentary Home price values accelerated across nation in April, according to the most recent data from the S&P CoreLogic Case-Schiller home price indices. The rise was especially sharp in the western U.S. Using January 2020 as the starting point, home prices increased by more than 25 percent in both San Diego and Seattle through the…