Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening …
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling “junk fees in mortgage closing costs.” These additional fees, involving home appraisal, title insurance and …
Debt-laden property developer China Vanke’s contracted sales rose in May as the country’s biggest home builder resumed investments in new projects after getting bank funding and following Beijing’s stimulus policies …
Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …
The carmaking unit of troubled property giant China Evergrande has been asked by China’s local governments to return 1.9 billion yuan (US$267.7 million) of subsidies after the company failed to …
It’s been a tough year so far for home buyers, who are facing the double whammy of high housing prices and rising loan rates. Unfortunately, the remainder of 2024 may …
Beijing has announced 300 billion-yuan (US$41.5 billion) in funding to help clear excess housing inventory, as well as measures to ensure developers have access to financing and to encourage the …
Chinese Vice-Premier He Lifeng called on local governments to purchase undeveloped land and unsold homes from property developers in a strong signal of Beijing’s determination to rescue the property sector …
An aerial photograph of houses and apartments on coastline in North Bondi, Sydney, Australia. Recent reports indicate that Australian home prices are set to continue their upward trend, driven by …
Hangzhou, the capital of eastern Zhejiang province and a major technology hub in China, is removing all restrictions on home purchases to revive the local housing market, which marks the …