WASHINGTON, Feb 21- Severe cold weather and a shortage of houses on the market pushed U.S. home resales to an 18- month low in January, the latest indication economic activity has hit a soft patch. The National Association of Realtors said on Friday that home sales dropped 5.1 percent last month to an annual rate of 4.62 million units, the lowest level since July 2012.» Read More
Carlo Sant'albano, Executive Chairman at Cushman & Wakefield explains why he's positive on the long-term performance for Asian real-estate despite the surge in home prices.
Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills, according to a new study.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
Another surge in interest rates pushed prospective U.S. homebuyers to act as demand for applications for mortgages, which rose for the first time in a month.
Dolly Lenz, Prudential Douglas Elliman, says smart sellers are catering to the new buyers from Asia. She believes buyers from China make up about 10 percent of the market. "That's a lot," she adds.
Interest rates on U.S. mortgages continued to surge last week, rising above four percent for the first time in a year and driving down demand from homeowners to refinance.
Sales of bank-owned homes plunged to a five-year low, the latest evidence that foreclosure woes are easing as the U.S. housing market recovery gains momentum.
Applications for U.S. home mortgages fell last week for the first time in more than a month as interest rates jumped, sapping demand for refinancing.
Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year.
Founder and chairman of Beijing Zhongkun Investment Group, Huang Nubo, made headlines when he tried to buy 300 km in Iceland, but he tells CNBC that his main focus remains on China.
Michael Klibaner, Regional Director, Head of Research, Greater China at Jones Lang LaSalle says transaction volumes in China's property market peaked in March and will therefore slow in Q2.
Mortgage applications rose last week, driven by improved refinance demand as interest rates tumbled, an industry group said on Wednesday.
Applications for U.S. home mortgages tumbled for a second week in a row last week as interest rates continued to climb to seven-month highs, data from an industry group showed on Wednesday.
More U.S. homeowners were hit with new foreclosure filings in February, pointing to the challenges the market still faces even as the housing recovery gains traction, RealtyTrac reported Thursday.
Mortgage rates spiked last week, sapping demand for home loans on the heels of a sharp rebound in applications the previous week, data from an industry group showed on Wednesday.
U.S. home prices rose as more homeowners turned to distressed sales rather than foreclosure, in another sign the recovery in the housing market is gaining traction, data from CoreLogic showed on Tuesday.
Kwon Ping Ho, Chairman at luxury hotel company Banyan Tree Holdings, says demand for its big-ticket projects is helped by the "wealth effect" in Asia.
Calls for ending the mortgage interest deduction are circling through Washington. Proponents of the deduction say they're prepared to fight to the bitter end.
Living on a smaller scale may mean fewer expenses in retirement, but a move to a smaller home does not necessarily guarantee savings.
Alan Jin, Property Analyst, Asia ex-Japan, Mizuho Securities Asia says Beijing needs to prevent home prices from increasing too fast rather than adopt controlling measures.