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How to start investing in real estate, according to a 25-year-old who co-owns 5 properties worth over $9 million
Sahil Mehta, 25, co-owns five investment properties with his brother, worth $9.4 million. Here are his tips for others who want to invest in real estate. Read Article
There's a chance China might finally put taxes on property
China is closer than ever to taxing property owners, now that Chinese President Xi Jinping has the political momentum to get the ball rolling, analysts say. Read Article
Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that
Bank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal. Read Article
China may be moving toward easy monetary policy, but it will have to tread delicately
China's central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. Read Article
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