An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the
A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according
La Dune — once the most expensive estate in the Hamptons, asking $150 million before entering bankruptcy — sold for $79 million at an hours-long auction on Wednesday evening at Sotheby’s in New York. This likely marks the end of the saga for the 4-acre estate, which consists of two homes on elite Gin Lane
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two parts — one house sold
A former gym that’s now a house is courting buyers to take possession of its deed. In Indiana’s tiny 450-person town of Wilkinson, a local school’s converted sports center has nixed its basketball hoop for a courtside kitchen — and achieved internet stardom. And now it can all be yours. “This historic gym transformed into a
An “Open House” flag is seen in front of a home for sale in Alhambra, California on January 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates rose slightly last week, but that did not seem to deter homebuyers who have come back after the holidays. Mortgage applications to purchase a home
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Maskot | Digitalvision | Getty Images With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them. Last year, consumers moving interstate tended to pick
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Grace Cary | Moment | Getty Images The top 10 hottest housing markets are expected to be spread across the South, Northeast and Midwest this year, according to an analysis by real estate marketplace Zillow. But a “hot” market isn’t always great for would-be buyers.
The owners of Gucci on Monday bought a prime Fifth Avenue retail property for a whopping $963 million — and it could mean the boot for rival fashion house Armani from its flagship location. Gucci’s parent Kering scooped up the 115,000 square-foot, three-level retail space at 715-717 Fifth Ave., at East 56th Street, which sits
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of
The much-ballyhooed “flight to quality” was supposed to mean one thing: frill-less Class B office buildings are left in the lurch. But that’s not exactly true. While the biggest property owners are indeed spending fortunes to kit out their glittering glass office towers like five-star hotels, half of the city’s nearly 400 million square feet
Shoppers rejoice, Big Apple retail not only survived the pandemic blues, it thrived unlike any other sector of the city’s commercial market. Owners that could lease for less money and shorter terms did so, and those generous terms triggered a feeding frenzy for well-located spaces. “We’ve seen a fairly healthy amount of recovery,” said Gene
Luis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that. These services track users’ rent-paying habits and report them to one or more of the big credit bureaus — Equifax, Experian and TransUnion — with the aim
Owning a home with three or more bedrooms is a lot more difficult for young families these days than it used to be. Baby boomers with no kids at home now own twice the share of large homes than millennials with children, which is a significant shift from just 10 years prior, according to data
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