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The Brunswick News

Real Estate

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

Wed, 20 Oct 2021 17:12:30 PDT

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

Wed, 20 Oct 2021 11:06:26 PDT

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

Tue, 19 Oct 2021 13:21:40 PDT

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

Tue, 19 Oct 2021 06:06:51 PDT

Peter Thiel's luxury New Zealand lodge opposed by environmental group

Peter Thiel's proposed luxury lodge in New Zealand has been opposed by a local environmental group who believe it is "inappropriate" for the natural landscape. Read Article

Tue, 19 Oct 2021 08:17:48 PDT

How Evergrande found itself on the wrong side of China's regulators

Evergrande made little progress toward complying with China's crackdown on real estate debt until it was too late for investors who put money into its offshore bonds. Read Article

Tue, 19 Oct 2021 23:05:07 PDT

Homebuilder sentiment bounces back despite ongoing supply chain problems

Homebuilder confidence rose in October thanks to strong buyer demand. Read Article

Mon, 18 Oct 2021 07:09:15 PDT

Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast

The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say. Read Article

Mon, 18 Oct 2021 09:41:29 PDT

Defaults loom over more property developers as China reassures investors on Evergrande

Amid the Evergrande crisis, more Chinese developers are facing defaults, as ratings agencies dished out a fresh round of downgrades. Read Article

Mon, 18 Oct 2021 22:59:35 PDT

China's central bank says Evergrande is unique and most real estate developers are stable

The People's Bank of China said Friday indebted developer China Evergrande is its own case, and that most real estate businesses are stable. Read Article

Fri, 15 Oct 2021 04:04:50 PDT