US existing home sales fell sharply in June. The dollar index continues to fluctuate below 107.00. US Existing Home Sales They fell for the fifth straight month in June to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors reported Wednesday. Sales fell 5.4% and 14.2% in monthly and annual terms, […]
Tag: Real estate
US: Housing starts down 2% in June, building permits down 0.6%.
US housing starts fell 2% in monthly terms in June. The US Dollar Index remains in negative territory below 107.00. Data released by the US Census Bureau. revealed on Tuesday that housing starts fell 2% to a seasonally adjusted annual rate of 1,685,000. Building permits fell 0.6% in the same period, following a 7% contraction […]
Bloomberg: China’s real estate sector remains the biggest drag on the economy
The slowdown in China’s property sector showed little sign of improvement in the three months to June, with output contracting for a fourth straight quarter and clouding growth prospects for the rest of the year, Bloomberg reports. Output in the real estate sector, a key driver of the economy, shrank 7 percent in the second […]
Why tycoon Arturo Moreno is buying Amazon, AT&T and JP Morgan
By John Hyatt Baseball magnate Arturo Moreno first bought shares in Alphabet and Amazon six years ago after his daughter “convinced” him to invest in the two tech giants. With share prices falling in recent weeks, Moreno saw a buying opportunity. So, in May, he bought an additional 3,000 shares of Alphabet, increasing his stake […]
How do real estate prices move in tourist areas?
By Eleni Bota Both international and domestic demand for the purchase of homes in the popular tourist areas of Greece is particularly high, as in some cases the requests of interest for home purchases are more than double compared to previous years. This follows from Spitogatos’ recent data for the first quarter of the year […]
Eteron Survey: One in two tenants find it difficult or unable to pay their rent
One in two tenants find it difficult or unable to pay their rent and 76.9%, after paying the house expenses, make ends meet, make cuts or receive financial assistance from third parties. The above results from a survey conducted on behalf of the Eteron Institute for Research and Social Change, which highlights the stress, insecurity […]
Spain: Central banker warns of further real estate price increases
Spain’s central bank governor, Pablo Hernandez de Cos, has warned that further increases in house prices in Spain in 2022 after a sharp rise in the first quarter could lead to an overvaluation, calling for a closer look at the trend in the coming quarters. Real estate prices in Spain increased 8.5% in the first […]
The tender for the Real Estate Acquisition and Leasing Agency has started
The Ministry of Finance is launching the tender procedure for the concession of the duties and responsibilities of the Real Estate Acquisition and Leasing Agency included in the new bankruptcy law. The international competition is run by the Special Secretariat for Private Debt Management. Vulnerable debtors, according to the criteria of the new bankruptcy law, […]
US: Existing home sales fall 3.4% in May vs. 0.2% expected
US existing home sales fell more than expected in May. US Dollar Index remains above 104.00 after the data. Existing home sales in the United States they decreased 3.4% to a seasonally adjusted annual rate of 5.41 million in May, according to data released by the National Association of Realtors (NAR) on Tuesday. This reading […]
A desperate real estate company in China is willing to ‘exchange wheat for a house’
A desperate slow-moving real estate company in the Chinese market has found a new boost to attract buyers, giving them the opportunity to pay in advance… wheat or garlic. An advertisement for Central China Real Estate in Henan urging buyers to “exchange wheat for a home” states that they can use their crop, priced at […]