U.S. banks are preparing to grapple with a mountain of property debt due to mature in the next few years. According to one report, $2 trillion of such debt is set to mature by 2026, and up to $670 billion of that could be troubled. NTD’s Business Matters host, Don Ma, has more.
The number of foreclosures in the United States continues to rise monthly and annually nationwide, according to a real estate market report released on Monday. The report, compiled by ATTOM, a land and real estate data provider, counted almost 33,000 foreclosure filings of U.S. properties in the month of February—down 1 percent from January but […]
Treasury Secretary Janet Yellen told lawmakers on Feb. 8 that she is “concerned” that increased vacancy rates in the commercial real estate market combined with higher interest rates could create some “stress” for smaller banks. Ms. Yellen told a Senate Banking Committee hearing that falling demand in commercial real estate—especially for office buildings in metropolitan […]
Hopes are high among homeowners that interest rates will fall—but any decision to refinance a mortgage should be based on more than just that. That’s according to veteran real estate expert Jennifer Hammond. Ms. Hammond said she expects interest rates to continue falling, leaving uncertain investors more positive about investing their cash in real estate. […]
It was the first time Chinese leader Xi Jinping openly admitted that China’s economy is in trouble during his New Year address in over a decade. China economic analyst Antonio Graceffo weighs in on China’s economic issues.
Data shows China’s average home sales during the three days in the New Year fell 26 percent compared to the same time last year—the most in smaller cities dropping as much as 50 percent, according to a survey conducted by one of China’s largest independent real estate researchers.
An update on China’s real estate meltdown. The world’s second-largest economy failed to pick up steam this year after lifting COVID-19 rules and lockdowns. With the real estate market taking one of the most direct hits. According to China Real Estate Information Corp, the market values of property developers listed in Mainland China and Hong […]
News Analysis Many foreign investors are concerned and asking questions about how China’s slowing economic growth, real estate crisis, and other economic problems could impact their businesses and interests. China, the world’s second-largest economy and a major engine of global growth, is facing enormous economic challenges, prompting fears about its stability and future. Although Beijing […]
The world’s most heavily indebted property developer Evergrande Group filed for bankruptcy in New York on Aug. 17 amid China’s deepening property crisis. The filing under Chapter 15 of the U.S. bankruptcy code shields non-U.S. companies under restructuring from creditors coming after their U.S.-based assets. It came after the firm put off meetings regarding a […]
Another Chinese real estate developer has slipped into financial difficulties. China’s largest developer, Country Garden, is seeking to delay payments, and the move is setting off alarm bells for investors inside and outside of China. What would it mean if Country Garden wasn’t able to repay its debts, and what is the risk of contagion? […]
China’s slumping real estate sector back in the spotlight. The country’s top private property developer, Country Garden, saying it’s expecting to lose up to $7.6 billion this year. Shares tumbled Friday in Hong Kong (stock exchange) leading to a fresh round of jitters through the market. That’s as memories of the infamous Evergrande collapse resurface. […]
Foreign homebuyers purchased fewer homes last year, a new study found, the lowest level since 2009, as the housing market faces an overall decline. The plunge in sales underscored the severe state of the domestic housing market, as buyers across the board have faced low inventory, which has kept prices high. International buyers only bought […]
The number of used homes listed for sale recently skyrocketed in China’s industrial hub Suzhou, prompting a local financial expert to assert that the city’s housing prices would collapse by the year’s end. According to information on Lian Jia, a Beijing-based real estate trade platform, the number of second-hand homes for sale in Suzhou was […]
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.
