China’s upcoming Third Plenum is expected to address a multitude of economic challenges facing the country. While the real estate sector’s issues loom large, analysts predict that the focus of the meeting will shift towards areas such as high local government debt levels and the promotion of advanced manufacturing. This critical policy meeting, set to
Real Estate
The dream of homeownership is becoming increasingly challenging for Gen Zers, with 22% of them citing a lack of affordable starter homes as a barrier. To address this issue, many are turning to fixer-upper homes, which offer an opportunity for savings but also come with potential risks and regrets. The Allure of Fixer-Upper Homes A
In June, inflation rates saw a decrease as a result of lower gasoline prices and other factors that contributed to easing price pressures. The consumer price index, which is a key gauge of inflation, rose by 3% in June compared to the previous year, marking a decline from the 3.3% seen in May. This index
Housing inflation has proven to be a persistent factor contributing to the overall high levels of inflation in the United States economy. Despite a cooling trend in inflation rates across various sectors following the peak levels during the pandemic era, housing inflation has remained stubbornly high. This slow decline in housing inflation is identified as
The recent surge in home prices, with an astonishing increase exceeding 40% since before the pandemic, should theoretically prompt current homeowners to consider refinancing. However, the reality is quite different, as the cost of pulling out cash through refinancing has become prohibitively expensive due to the skyrocketing interest rates. A report by the Mortgage Bankers
In a recent report by Bank of America, it was revealed that almost half of Gen Zers, between the ages of 18 and 27, rely on financial assistance from their parents. This indicates a significant trend among young adults who are struggling to keep up with the high cost of living. The report highlighted that
In today’s housing market, potential home buyers are experiencing a significant shortage of available homes for sale, despite a slight increase in inventory. The supply of newly built homes seems to be disproportionately high compared to existing homes, which is a perplexing trend. Generally, a surplus of homes would lead to lower prices, but in
The San Francisco real estate market is facing significant challenges, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This is a sharp increase from 28.1% in the same period a year ago and 5% before the pandemic. Additionally, the average asking rent has dropped to $68.27
Recent reports have indicated that Manhattan is experiencing a shift towards becoming a buyer’s market in the real estate industry. The second quarter of 2024 saw a decrease in apartment prices and a rise in inventory levels. The average price of real estate sales in Manhattan dropped by 3% to just over $2 million, while
The landscape of the housing market is experiencing a shift in price trends, with reports indicating that some of the heat is coming out of home prices. While prices still remain higher compared to a year ago, the rate of increase is starting to slow down. According to recent data from real estate brokerage Redfin,