Chills over China’s property market spread in November as both home prices and sales slumped to a six-year low, according to official data on Dec. 15. According to the latest new home price indices released by the National Bureau of Statistics (NBS), new home prices in 70 tracked Chinese cities slipped 0.3 percent month-on-month in…
China Nov New Home Prices Suffer Biggest Decline in 6 Years
Evergrande Crisis: Another Opportunity for Beijing to Exert Control
News Analysis Chinese leader Xi Jinping vowed to rein in China’s real estate sector and keep housing affordable. He said, “Houses are for living in, not for speculation.” While affordable housing would be nice, this is one more step away from free markets, and another example of the Chinese Communist Party (CCP) tightening its control over…
Will ‘iBuying’ Ever Replace Traditional Real Estate Sales?
After three successful home sales, Daniel Edwin and his wife were getting ready to sell again, but this time, the Atlanta couple knew they didn’t want to go the traditional route. Worried about the stress of home repairs, an endless stream of showings, and the possibility of buyer financing falling through, the Edwins made the…
The Real Crash in Real Estate: 2022 Housing Predictions
Commentary Yankees legend Yogi Berra once said: “It’s tough to make predictions, especially about the future.” Nonetheless, I provide my forecast for the housing market below. First, let’s explore how we arrived where we are today. Understand that three fundamental value drivers are: scarcity, utility, and demand. Let’s parse all three in order to draw our…
Biden Plan to Combat Corruption Includes New Real Estate Rules
The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry. The United States’ Strategy on Countering Corruption, a 38-page document released Dec. 6, outlines five pillars characterizing its goals. These are: modernizing, coordinating, and resourcing U.S. government efforts to fight corruption; curbing…
China-Listed Firms Rush to Divest Property Businesses Amid Sector Crackdown
SHANGHAI—China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at China Evergrande Group. Tightened lending curbs in the real estate industry early this year have exacerbated financial troubles at some property developers, triggering sector-wide…
The Pasha’s Vision: Sprawling Sabina Estate Listed for 58 Million Euros
Just like there’s a season for all things, there are levels to everything. In real estate, there are many tiers of luxury, too. For instance, if you want 40 bedrooms, the world’s most famous rose garden, and the dream estate of a dreamer, you’ll pay top dollar. Or in the case of La Tenuta del Pascià…
China’s Real Estate Woes: Collapse or Temporary Setback?
News Analysis As China’s real estate crisis spreads, home sales fell sharply in October, and prices fell for the first time in six years. Many of China’s biggest developers are unable to make debt payments, leaving projects unfinished and creating a liquidity crisis throughout the sector. How did the largest real estate market in the…
Mediterranean Masterpiece: A Villa for Ocean Lovers on Crete
For the dreamer out there in search of ancient myths, pirate fortresses, dreamy seascapes, and kind of a Bond villain vibe in a home, a magnificent villa for sale on the island of Crete may be just the thing. Situated a stone’s throw away from medieval pirate Enrico Pescatore’s lair overlooking Heraklion Bay and the…
Zillow Faces Shareholder Lawsuit Over Folded House Flipping Effort
Real estate company Zillow faces a federal lawsuit claiming the company misled investors, leading to financial losses as it ended its house flipping program. The lawsuit was filed Tuesday in the U.S. District Court for the Western District of Washington at Seattle. The case is the first federal filing, joining two Boston-area firms in legal…
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