A view of the Evergrande Changqing community on Sept. 24, 2021, in Wuhan, Hubei Province, China. Getty Images | Getty Images News | Getty Images A slew of Chinese real estate developers said this week that they are either not able to release their financial results on time or have yet to set board meetings […]
The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust. Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will […]
Jennifer Lopez and Ben Affleck are wasting no time solidifying their future plans together. After months of searching for their perfect home for their blended family, it seems they finally found it. The two lovebirds are in contract to shell out more than $50 million for a massive Bel-Air, Los Angeles, abode spanning nearly 20,000 […]
It’s increasingly expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable -rate mortgages — one of the financial products blamed for the […]
The foreclosure uptick indicates that the economic — and especially employment recovery — is not complete, an expert says. Getty Images In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics company Black Knight. What’s […]
The price action has been nothing short of breathtaking — oil has swung by $55 a barrel this year. On Thursday alone, it surged by more than 7% after peace negotiations stalled in Ukraine and billionaire Warren Buffett boosted his stake in a high-flying US oil company. Early on March 17, West Texas crude oil […]
In a four-story apartment building in Brooklyn, New York, a very small company is implementing a very big idea: Electrify every building in the United States by leasing landlords the necessary equipment to make the transition. BlocPower is a Brooklyn-based start-up that has “greened” more than 1,200 buildings in New York City and has similar […]
LONDON—The British government ratcheted up pressure on Kremlin-linked businesspeople, sanctioning a handful of Russian oligarchs, including Roman Abramovich, the billionaire owner of British soccer club Chelsea FC. It was the first time any Western government has moved on Mr. Abramovich. His trophy assets, including Chelsea, high-end property in London and mega yachts, have helped turn […]
0