Real Estate

China’s economy is facing challenges, especially in the housing market. Richard Koo, chief economist at Nomura Research Institute, expressed the need for China to instill confidence in the public regarding home prices in order for economic activity to rebound. The demand for new loans has been lackluster, and home prices have been on a downward
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Rent prices for one- and two-bedroom apartments across the United States saw a slight increase in March after six months of stagnation. According to a report by Zumper, a real estate data site, the average cost for a one-bedroom apartment rose by 0.3% to $1,487, while a typical two-bedroom apartment saw a 0.5% increase to
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The spring housing market is traditionally a bustling time for real estate, but recent data shows that mortgage demand is at a standstill. The Mortgage Bankers Association reported that application volume remained flat last week, dropping by a mere 0.7% compared to the previous week. This lackluster performance is indicative of the current state of
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Federal prosecutors have taken legal action to seize two luxury apartments in New York City worth $14 million. These apartments are said to have been acquired through an alleged corrupt scheme involving Mongolia’s large copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, reveals a series of transactions totaling $128 million that were
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