Overlooking the historic seaside town of Rapallo, Villa Le Magnolie is a private, secluded world with views of Portofino on the Italian Riviera. This elegant villa sits at the end of a sweeping drive that terminates at the grand entrance façade of the main house, which is enveloped in fabulous Mediterranean gardens. The 18th-century villa…
Taiwan’s Army Simulates Urban Warfare Confrontation
On the second day of a military drill, the Taiwanese army is simulating a scenario where its cities are under attack amid ongoing concerns of a Chinese invasion. Democracies in the Indo-Pacific region are coming together. Australia and Japan sign a historic defense deal in face of the Chinese communist regime’s threat. A Chinese real…
Zillow Predicts Hottest Housing Markets for 2022 and Those That Are Fastest Cooling
January 6, 2022
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AtlantaAUSTINCHARLOTTEhousing marketJACKSONVILLENASHVILLEORLANDOPhoenixRaleighreal estateSan AntonioTAMPAUSUS NewsZillow
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The hottest housing markets of 2022 will be spread across the Sun Belt for the second year in a row, with Tampa topping the list, predict experts with online real estate giant Zillow. Rounding out the Top 10 super-hot home-buying markets are Jacksonville, Raleigh, San Antonio, Charlotte, Nashville, Atlanta, Phoenix, Orlando and Austin. With far…
US Construction Spending Rose in November, Led by Residential Market: Commerce Department
The Commerce Department’s Jan. 3 report announced that total construction spending rose 0.4 percent in November 2021 at a seasonally adjusted annual rate of $1,625.9 billion, amid strong gains in single family home construction after a similar upswing in October. Spending in October was revised by the Commerce Department up to 0.4 percent at $1,618.8 billion, from the prior…
China Evergrande Shares Fall After Missing New Coupon Payments
HONG KONG—Shares of China Evergrande Group tumbled on Thursday after the embattled real estate developer did not pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier this month, had new coupon payments worth $255 million due on Tuesday for…
US Home Price Gains Slowed Again in October
U.S. housing prices have continued in their stratospheric rise but at a rate somewhat slower than the pattern from previous months, according to the leading source of metrics on the state of the housing market. On Tuesday, the S&P Dow Jones Indices released its latest data for the S&P CoreLogic Case-Shiller Indices, the leading metric…
As US Seeks to Crackdown on Corruption Through Real Estate Deals, China Takes Notice
When the Biden administration proposed rules to scrutinize all-cash real estate transactions in the U.S. to crack down on money laundering earlier this month, it apparently attracted more attention in China than other countries, as Chinese officials are believed to engage in such illicit activities. In the United States, real estate transactions involving financing are…
Portugal Tops List of Global Retirement Destinations
Florida, North Carolina, and Arizona move over. For the eighth year in a row, Portugal has ranked number one for global retirement destinations for residents of the United States and abroad. Live and Invest Overseas, an international publishing firm based in Panama City has just revealed its “World’s Top 15 Retirement Destinations for 2022,” and…
Housing Unaffordability: Feds Try to Increase Supply Without Cooling Demand
December 22, 2021
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Business & EconomyCanadaeconomic policiesGlobal Real Estatehousing affordabilityhousing supplyInvestmentmortgage stress testreal estateWorld
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Housing affordability in Canada is as bad as it’s been in over 30 years despite being a longstanding priority for Ottawa.
China’s Economy to Grow at the Second-Slowest Pace in 3 Decades: World Bank Forecast
China’s economy has “cooled rapidly” and will slump further over the next year, according to World Bank forecasts. The World Bank on Dec. 22 said it expects China’s inflation-adjusted GDP to grow at 8 percent, lowering from a projection of 8.5 percent in June. It further cut the country’s growth forecast for next year to…
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