Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell more than 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company … Read more
More than 95 percent of the group’s members say they have no intention of becoming long-term landlords, says Lindsay. Instead, he argues, they are now faced with rising housing costs and no immediate way to offset them. The law “has yielded some unintentional effects that are harming smaller homeowners,” Lindsay says. Amid the uncertainties, there … Read more
STEAMBOAT SPRINGS, Colo. — Despite offering a salary of $167,000, the city of Steamboat Springs can’t find a head of human resources who can afford a place to live in the remote Colorado community surrounded by ranches and famous for training Olympic athletes. At the Steamboat hospital, doctors willing to pay more than $1 million … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a … Read more
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage … Read more
From the moment I heard about tech billionaires’ weird plans to create a bustling new city in the heart of California’s Solano County, I was preoccupied with one basic question: Who is actually going to run this thing? Why Bitcoin won’t reach $1,000,000 Libertarian dreams of creating a new community from scratch are all well … Read more
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more
Pictured here is a real estate project under construction in Huai’an, China, on Jan. 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according … Read more
Comment on this storyCommentAdd to your saved storiesSave Iranian-linked militants attacked an air base housing U.S. and Iraqi troops in western Iraq, U.S. Central Command said — the latest incident targeting American forces in the region as the Israel-Gaza war continues to stoke tensions. Ballistic missiles and rockets targeted Ain al-Asad Air Base, in Iraq’s … Read more