Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as…
Category: Real Estate
Prepare yourself for another competitive year in the housing market
Brandon Bell | Getty Images Brace yourself for another competitive year in the housing market. Home sales are expected to grow 6.6% in 2022, a 16-year high, according to Realtor.com.…
Amid rising prices, U.S. households fall deeper in debt
Higher prices are already taking a toll. As consumers pay more for everything from groceries to gasoline, household income is failing to keep pace with a higher overall cost of…
Shimao says it’s in talks for property sales to help with debt problems
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg…
Mortgage rates just jumped again. What that means for homebuyers
A pedestrian walks by a Wells Fargo home mortgage office in San Francisco. Justin Sullivan | Getty Images If you’re in the market for a home and haven’t locked in…
Here’s how to tap your home equity as mortgage rates rise
For many homeowners, the pandemic offered an unprecedented opportunity to build wealth. Those opportunities still exist, even though they are getting harder to come by. Thanks to skyrocketing housing prices,…
Shimao jumps on report it’s selling all of its real estate projects
Pedestrians near the Riviera Garden residential property, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images Shares of…
Smaller arenas, more tech, greener
Fans for the Tennessee Titans and the Los Angeles Rams before an NFL football game at SoFi Stadium, Sunday, Nov. 7, 2021, in Inglewood, Calif. Marcio Jose Sanchez | AP…
China’s property problems spread to once-healthy developers like Shimao
InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty…