Tag: property

Pending home sales for August were down 7.1% from the previous month, data from the National Association of Realtors revealed. This far outpaces the 1% decline projected by Bloomberg economists and is also a stark contrast from the 0.9% monthly increase recorded in July. Several...

Official data from China's government on Tuesday is expected to show that the nation's economy is continuing to struggle to launch its economic rebound, with the property market expected to hamper economic growth. While industrial output, retail sales, and fixed-asset investment in July are...

Prices of homes in London fell more than any other region of the United Kingdom in June, a survey conducted by property portal Rightmove found. Asking prices in London declined by 1.6% compared to the previous month. In contrast, prices on a national scale remained...

Although market confidence in the U.S. regional banks is being restored following the cooldown in the banking crisis, banks are now faced with an impending threat from the real estate sector. Soros Fund Management Chief Executive Officer Dawn Fitzpatrick claimed at the Bloomberg Invest conference...

Shares in PacWest Bancorp rose by 6.4% during premarket trading on Wednesday following the mid-sized lender's announcement that it would sell its property lending unit later in the week. The company's shares remain 68% lower since the start of the year despite the daily...

Real estate experts have warned that the U.S. housing market appears unlikely to become significantly more affordable in the near term. This comes as both mortgage rates and home prices remain high. Bankrate mortgage analyst Jeff Ostrowski claimed that while mortgage rates and home prices...