Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Sales of existing homes rose in September, likely due to a brief decline in mortgage rates
Sales of existing homes rose 7% last month, likely driven by a brief decline in mortgage rates. Read Article
China Evergrande shares plunge 12.5%, after $2.6 billion asset sale falls through
China Evergrande shares fell 12.5% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings. Read Article
Evergrande is 'just the beginning': Professor says more firms must exit China's property sector
Li Gan, economics professor at Texas A&M University, said China's real estate sector has to be "substantially smaller" to stabilize as housing demand falls. Read Article
Weekly mortgage demand drops over 6% after interest rates move even higher
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Read Article
Single-family rents are surging, and investors are flooding the market
Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof. Read Article
This could be the worst market for a first-time homebuyer, experts say
Covid has kicked the housing market into high gear. At the end of September, the average home price was up 14% from the same month last year, and 30% from 2019. Read Article
Peter Thiel's luxury New Zealand lodge opposed by environmental group
Peter Thiel's proposed luxury lodge in New Zealand has been opposed by a local environmental group who believe it is "inappropriate" for the natural landscape. Read Article
How Evergrande found itself on the wrong side of China's regulators
Evergrande made little progress toward complying with China's crackdown on real estate debt until it was too late for investors who put money into its offshore bonds. Read Article
Homebuilder sentiment bounces back despite ongoing supply chain problems
Homebuilder confidence rose in October thanks to strong buyer demand. Read Article
Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say. Read Article