In this article 2202-HK 688-HK 960-HK Follow your favorite stocksCREATE FREE ACCOUNT A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China
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Billionaire Dan Snyder’s former Washington DC-area mansion just got a massive price trim — but it’s all for a good cause. The sprawling French Chateau-style estate in Potomac, Maryland, has had $5 million lopped off its last asking price, now down to $29.9 million. It was initially listed for a whopping $49 million. Snyder, the
Anyone who’s tried to rent an apartment in New York City knows that it’s highly competitive and highly priced, and the latest data suggests this market is showing no signs of letting up. In August 2024, the median asking rent for apartments in four New York City boroughs — Manhattan, Queens, the Bronx, and Brooklyn — was $3,425, a
Continuing the post-pandemic trend, yet more Manhattan office buildings have been marked for conversion into residential units. The newest address to join the pool is 77 Water St., a 26-story Financial District tower that Big Apple-based real estate firm Vanbarton reportedly plans to turn into some 600 rental apartments, people familiar with the matter told
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over
Fstop123 | E+ | Getty Images While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down
Michelle Williams is giving fans a chance to live in Hollywood-style luxury — if they’ve got $35,000 a month to spare. “The Brokeback Mountain” star has put her massive 6,500-square-foot mansion in Brooklyn’s Prospect Park South up for rent — offering eight bedrooms, six full bathrooms and plenty of A-list perks, according to Realtor.com. The
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with
Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
Homebuyers hoping for a flood of homes to hit the market from aging baby boomers might be disappointed by the results of a new survey. Among boomers who own homes, 54% say they never plan to sell the house they live in, according to a poll from Clever Real Estate. Now in the age range of
After years of sky-high mortgage rates, the Federal Reserve finally cut rates on Wednesday at its policy meeting. The Fed doesn’t set mortgage rates, but the two numbers often move in the same direction — and this much-anticipated rate cut should give the sluggish real estate market a much-needed kick-start. Just 11 months ago —vin
A psychedelic rainbow delight of an apartment has hit the market on the Upper East Side for $8.75 million. The floor-through unit at 188 E. 76th St. is the longtime home of the artist Apryl Miller, who successfully sought to cover every inch of the space in color. “The idea always was to make a
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