‘Increasing pressure on list prices.’ 3 top economists and real estate professionals on the real estate markets where house prices will fall the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting – or could soon get – some relief in the form of lower home prices, pros say. Already in the last 4-8 weeks, experts have noticed downward price pressure in previously robust … Read more

‘Increasing pressure on list prices.’ 3 top economists and real estate professionals on the real estate markets where house prices will fall the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting – or could soon get – some relief in the form of lower home prices, pros say. Already in the last 4-8 weeks, experts have noticed downward price pressure in previously robust … Read more

Chinese stocks could tumble if housing market deteriorates

This summer, homebuyers’ mounting concerns about home completions brought problems in China’s massive real estate sector — and concerns about spillover to the rest of the economy — back to the fore. Future Publishing | Future Publishing | Getty Images BEIJING — China’s struggling real estate sector could take a major toll on the economy … Read more

$14.9 million palatial estate that could break a CT local record

Hidden behind a stone wall that stretches 1,500 feet in one of Connecticut’s most affluent neighborhoods is a palatial one-room property inspired by a Scottish castle. Built in 1929, the brick and limestone residence is the most expensive home for sale in New Canaan at $14.9 million. Prices have been rising steadily in the affluent … Read more

Chinese real estate developers’ cash flows have collapsed by more than 20%

Analysts generally expect state-owned companies to do better than non-state developers in the recent housing crisis. Pictured here in Guangxi, China, August 15, 2022 is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING – Chinese property developers’ cash flows – a sign of the … Read more

Asia-Pacific markets mixed as BHP, Chinese property stocks surged against weak Japanese trade

Fitch ratings downgrade Country Garden Fitch Ratings has downgraded the long-term foreign and local currency issuer default ratings (IDRs), senior unsecured ratings and the rating of the outstanding bonds of Chinese homebuilder Country Garden Holdings from BBB- to BB+. “The downgrade reflects a weakening of Country Garden’s financial flexibility due to challenges in China’s real … Read more

This is where China’s real estate problems could spread

According to Moody’s, China’s real estate industry accounts for more than a quarter of the national GDP. Pictured here is a residential complex under construction on December 15, 2021 in Guizhou province. Cost Photo | Future Publishing | Getty Images BEIJING — China’s real estate woes could spread to other key sectors if problems persist … Read more

Virtual property closures are becoming mainstream, but some states are holding out

Property closures can now happen remotely in most states, a shift that has accelerated as much of life has shifted online during the pandemic. The mortgage lenders are also urging the other states to join in, even if the legislature has reservations. According to the National Notary Association, 43 states now have laws allowing online … Read more

Where companies say they will cut budgets first in a weaker economy

monkeybusinessimages | iStock | Getty Images It’s no secret that companies are reducing their real estate footprint. Even businesses that are still committed to office work but are adopting a hybrid model are requiring less square footage and more use of shared office space. Now that the economy is cooling and at least flirting with … Read more

‘Continued slowdown in home prices.’ Here’s what 5 economists and real estate professionals predict for the housing market this year

What will happen in the housing market this year? Getty Images When will house price growth really slow down? Will mortgage rates continue to rise? What do I need to know if I’m trying to buy a home now? These are all questions we hear from readers, peers and others, so we asked top economists … Read more