A lawmaker from Texas is pushing for a new bill. If passed, countries including China would be banned from buying real estate in Texas as China becomes the biggest foreign buyer of U.S. real estate. Spending a record $6 billion in 2021. The top destinations for Chinese buyers are California and Florida.
A veteran housing market investor tells NTD the current health of the market and whether he thinks a crash is coming. The midterms are only 18 days away. We look at campaign finance and how it could affect America’s future direction. The U.S. budget deficit sees its largest one-year drop ever. Why such a big […]
And as rates climb higher, mortgage demand is dropping as affordability reduces. However, the riskier adjustable rate mortgages (ARMs) are still attracting borrowers. Senior mortgage industry analyst at Bankrate, Ted Rossman, provides some precaution to would-be borrowers.
Affording a home becomes a challenge as the national average for a 30-year-fixed mortgage rate is almost 7 percent, up from 3.3 percent at the beginning of 2022. NTD spoke to Laura Adams, a senior real estate analyst at Aceable, for her advice on how to save money on high mortgage rates.
Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over asking price. Buyers often waived inspections and picked up some of the sellers’ costs in dire hopes of securing that coveted single-family home. While the current landscape has changed due to […]
China’s now-infamous real estate giant, Evergrande Group, is reportedly teaming up with a real estate firm owned by China’s Shenzhen city. Together, they’re set to complete four property developments in the Chinese tech hub, according to a joint statement released by the two companies on Monday. Following instructions laid out by local authorities, Evergrande has introduced […]
Chinese property developers’ cash flow plunges. It’s down 24 percent through July year-on-year, according to a lead economist at Oxford. Total funding as of July 2022 was down 5 trillion yuan ($730 billion) compared to the same time last year. The drop in cash flow comes as China’s property sector faces a slew of issues such […]
Washington held its annual baseball game between Democrats and Republicans. What does that have to do with California? One state representative was caught making an obscene gesture on camera. The FBI released statistics for active shooter incidents across the United States in 2021. We’ll look at the numbers, including what might be a surprising result, […]
