Fast-rising home prices are creating opportunities for some longtime Black homeowners. Those high valuations can also raise big questions about the best way to tap into that wealth.
The company disclosed Tuesday that it lost about $304 million in the third quarter after purchasing homes at higher prices than it now expects to sell them at.
A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.
For decades, rising property prices helped enrich China. Now one of the country's biggest developers is facing bankruptcy. Policymakers fear it could send China's financial system into a tailspin.
The Dow Jones slumped over 600 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.
The pandemic has made the housing market even tighter in the mountain West, where first-time buyers are trying to decide whether this is just the future or a bubble headed eventually for a bust.
About 15 million properties in the U.S. are prone to flooding, but patchwork and ineffective disclosure laws mean most people get little to no information about flood risk before they move.
Research published this week finds that home sales volume and prices have declined in coastal census tracts vulnerable to sea level rise, relative to coastal areas less threatened by climate change.
As commercial real estate continues to lie vacant around the U.S., it may contribute to a vicious economic cycle that reshapes New York and other cities.
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.
At a time of mass work from home and with many people moving to spacious suburbs, Amazon is funding a large expansion of corporate real estate and 3,500 jobs in six U.S. cities.
