Sales of previously owned homes declined 7.7% in November from the prior month to a seasonally adjusted annual rate of 4.09 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. November sales fell 35.4% from a year earlier. The streak of declines is the longest on record in data going …
US Home Sales Post Record 10th Straight Month of Declines Read More »
A new boutique condominium in Manhattan’s exclusive Greenwich Village neighborhood sold nearly all its units in 10 days, the project’s developers said, a sign that New York City luxury is still showing some demand even as the broader residential market slumps. Twenty-four of the building’s 28 condos sold within the past few weeks through a …
Condos in Manhattan Luxury Building Sell Fast, Signaling Market Resilience Read More »
For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders. Now, as he moves to loosen pandemic restrictions, China’s leader, Mr. Xi, is signaling a reversal of his real estate crackdown, …
China Dials Back Property Restrictions in Bid to Reverse Economic Slide Read More »
