The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around China and are set to more than double to ... Read More »
U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a rebound that would continue to support economic growth in the second quarter. Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16 million units, the Commerce ... Read More »
The cost of food, clothing and transportation has only been inching up slowly in the last year, helping American households make ends meet. But for renters, the pressure on their paychecks keeps rising. The latest sign came from the government’s monthly report on the consumer price index, which breaks out ... Read More »
When a 4,000-square-foot space opened up at Town Center Corte Madera, an open-air shopping center near San Francisco, Colliers International had a choice. The brokerage firm could seek out another large tenant to fill the space, or divide it into two less-expensive locations that would be friendlier to small businesses. ... Read More »
British home prices will plummet if the United Kingdom votes to leave the European Union this week, billionaire investor Wilbur Ross said Tuesday. The bulk of WL Ross & Co.’s business in the U.K. is in mortgage lending. Ross sees a home price collapse hitting older Britons particularly hard. Older ... Read More »
The biggest complaint in the spring homebuying season was simply that there weren’t enough homes to buy. Demand is strong for housing, but listings are low and getting lower. That supply strain has put strong upward pressure on home prices in most markets, but apparently not in all markets, according ... Read More »
Another drop in mortgage interest rates, to their lowest level in three years, sent borrowers back to the bank to refinance home loans. Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week. Applications are now nearly 35 percent higher than one ... Read More »
A real estate agent shows a prospective buyer a home that is listed as a short sale as he shops for a house in Coral Gables, Florida. U.S. home resales rose in May to a more than nine-year high as improving supply increased choice for buyers, suggesting the economy remains ... Read More »
The cost of purchasing a home, already sky-high, has continued to rise across the country—more than twice as fast as inflation, on average—leaving many to wonder how they could possibly come up with the necessary cash for a down payment. (Is it possible for one to sell both kidneys?) Home ... Read More »
The lack of residences on the market, leading to price jumps and bidding wars, isn’t stopping buyers from closing on the homes of their dreams. In April, the number of existing homes sold shot up 4.9% year over year, to 471,000 purchases across the great U.S. of A., according to ... Read More »
Another U.S. bank is now offering a low down payment mortgage. Wells Fargo introduced the yourFirstMortgage program Thursday that offers home loans for up to $417,000 with down payments as little as 3%. The San Francisco-based bank said the program is aimed at helping low- and moderate-income people and first-time ... Read More »
The gender pay gap is following women home from the office. Buying a home is a better financial move for men than women, as the average market value of homes owned by single men is 10% higher than homes owned by single women, according to a new report from RealtyTrac. ... Read More »
