Howard Davies, chairman of Natwest Group Plc. Bloomberg | Getty Images The chair of one of Britain’s biggest banks faced a backlash Friday after saying it is not “that difficult” to get on the property ladder. NatWest chair Howard Davies told the BBC’s “Today” program that the current economic landscape — which has seen interest … Read more
HOUSTON – Dionna Johnson found herself in legal trouble after confronting her child’s school regarding her daughter’s removal from the campus in Northeast Houston. Johnson suffers from systemic lupus, a condition that frequently leads to her missing work. As a single mother, this has made it difficult for her to maintain a steady income and … Read more
BEIJING — Hundreds of temporary one-room housing units were set up Thursday in northwest China for survivors of an earthquake that destroyed more than 14,000 homes and killed at least 144 people, according to state media reports. The death toll rose by nine as search teams dug through heavy mudslides that had inundated two villages, … Read more
Luxury properties in the Kensington and Chelsea district of London, UK, on Monday, Aug. 21, 2023. Jason Alden | Bloomberg | Getty Images The U.K. property market has been a rollercoaster for renters and prospective homeowners alike for over a year now. Rents soared throughout 2022 and 2023 as supply and demand imbalances led to … Read more
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter … Read more
On a chilly Thursday night in Dublin last month, the government and police were caught entirely off guard when violent riots broke out hours after a stabbing attack near a busy transit route in the city. The riots had an anti-immigration tone — the word “out” smeared on the back of a bus that was … Read more
New York City unveiled a pilot program to help homeowners build accessory dwelling units. The city will give 15 lucky homeowners up to $395,000 each to construct the extra unit. The New York State government has also handed out millions of dollars for ADU development. As cities and towns across the country struggle with a … Read more
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the … Read more
In our upside-down economy, where good news for ordinary people means bad news for financial markets, worries about an overheated labor market pushed 10-year Treasury yields to their highest level in 16 years in October. That put pressure on stocks, and lifted the average rate on America’s most popular mortgage into yet-more-inaccessible territory, pushing it … Read more
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation … Read more