Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Defaults loom over more property developers as China reassures investors on Evergrande
Amid the Evergrande crisis, more Chinese developers are facing defaults, as ratings agencies dished out a fresh round of downgrades. Read Article
China's central bank says Evergrande is unique and most real estate developers are stable
The People's Bank of China said Friday indebted developer China Evergrande is its own case, and that most real estate businesses are stable. Read Article
Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin
United Wholesale Mortgage is ditching its plan to accept crypto payments after its two-month pilot. Read Article
Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels
Foreclosures are starting to surge as programs designed to help homeowners contend with the Covid pandemic have begun to expire. Read Article
Barry Sternlicht says the 'deck is stacked' in China and he's not a fan of investing there
The global real estate investor told CNBC it's tough to invest directly in countries such as China where "we think the deck is stacked." Read Article
Weekly mortgage demand stalls, as rates jump to highest level since June
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance. Read Article
Morgan Stanley upgrades China property to 'attractive' despite default fears
The U.S. investment bank said it believes that policy easing of the property sector looks likely to kick in, which will support Chinese real estate stocks. Read Article
Today's tight housing market is already overbuilt, one analyst says
House hunters today know the pickings are slim, the competition is fierce and the prices are high, but one analyst said too many houses are being built. Read Article
Dubai's economy shows promising growth after slumping 11% last year
The real estate sector, which was already several years into decline when the pandemic began, is seeing a strong but uneven rebound. Read Article
An entire block of vacant storefronts: Delayed office return plans stymie midtown Manhattan's recovery
As of this summer, nearly 30% of the retail storefronts in Midtown East and around Grand Central were vacant, according to a new report from REBNY. Read Article
