In China, home buyers occupy their ‘rotting’, unfinished properties

GUILIN, China, Sept 26 (Reuters) – For six months, Xu’s home has been a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, lured by brochures. that promoted their views of the river. and the clean air of the city. Their living conditions, however, are far … Read more

Rising rates, price slump deal double blow to Hong Kong homeowners

An aerial view shows the Choi Hung public housing estate and other residential buildings with Lion Rock peak in the background, in Hong Kong, China, 3 June 2021. Photo taken on June 3, 2021 with a drone. REUTERS/Joyce Zhou Sign up now for FREE unlimited access to Record HONG KONG, Sept 22 (Reuters) – … Read more

U.S. home sales drop for 7th straight month, house price growth cooling

Existing home sales fall 0.4% in August The average price of housing increases by 7.7% compared to the previous year Housing supply at 1.28 million, unchanged from a year ago WASHINGTON, Sept 21 (Reuters) – U.S. existing home sales fell for the seventh straight month in August as affordability deteriorated further amid rising mortgage rates … Read more

U.S. rents surge, leaving behind generation of younger workers

Sept 21 (Reuters) – The cost of renting a home in the United States is rising and young workers have felt the sharpest pain, many taking on side jobs or roommates to pay housing costs. Household rents in 2021 increased 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The figures came … Read more

Analysis: China’s mortgage boycott quietly regroups as construction idles

Surveillance cameras are seen near residential buildings under construction in Shanghai, China, July 20, 2022. REUTERS/Aly Song/File photo Sign up now for FREE unlimited access to Record BEIJING, Sept 19 (Reuters) – Two months after many Chinese homebuyers stopped paying their mortgages to protest stalled construction on their properties, a lack of progress in … Read more

Some investors fear Fed will tighten rates too far as inflation bites

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File photo Sign up now for FREE unlimited access to Record Sept 19 (Reuters) – Just a few months ago, investors worried that the Federal Reserve was not fighting inflation aggressively enough. After several giant rate hikes, … Read more

Wall St Week Ahead As markets churn, investors hide in cash despite surging inflation

A Wall Street sign is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York, U.S. December 28, 2016. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Record NEW YORK, Sept 16 (Reuters) – A tough year in the markets is prompting some investors to seek refuge in cash as … Read more

Turkish bank stocks’ rollercoaster ride leaves investors reeling

Morning sunlight breaks through residential homes stretching to the Istanbul skyline in Turkey June 13, 2018. REUTERS/Russell Boyce Sign up now for FREE unlimited access to Record ISTANBUL, Sept 16 (Reuters) – The dizzying volatility in Turkey’s bank shares has left investors reeling after a market rise this year, buoyed by the highest available … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Sign up now for FREE unlimited access to Record SYDNEY/BENGALURU, Sept 16 (Reuters) – World trade indicators such as FedEx and Cathay Pacific Airways (0293.HK) have clouded the year-end holiday shopping season: The trade slowdown they’re seeing points to weaker-than-expected consumer demand, not a holiday bonanza. The bleak outlook comes as consumers around the … Read more

China’s economy perks up but dogged by property crisis

August key indicators better than expected Retail sales growth is the fastest in 6 months Property downfall is a significant headache BEIJING, Sept 16 (Reuters) – China’s economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales underpinning a fragile recovery, but a deepening slide in property dampened prospects. The … Read more