Real Estate

Flight from the Cities: New Homes Sales Surge to 14-Year High

Sales of newly built homes surged to their highest level since 2006 in August. The Census Bureau reported Thursday that sales of new single-family homes hit a seasonally adjusted, annualized rate of 1.011 million. This was well above expectations for 0…

Flight From the Cities: Existing Homes Sales Jump to 14-Year High

Home prices are soaring as demand outpaces supply. 0…

What’s Going On With China’s Propaganda Department?; Big Explosion Covered Up by Chinese State Media

Several major companies in China’s real estate industry have taken major blows financially. But the issue may be deeper than just surface business, and may point to factional struggles within the Party and recent moves meant to impact the finances of rival Party leaders. We…

Flight from the Cities: Homebuyer Mortgages Up 28% From Last Year

Demand for homes outside of major city centers has exploded higher this summer. 0…

Ghost Town: Just 8% of Employees in NYC Are Back in Their Offices

This is likely to make living in NYC much less attractive, putting pressure on home prices and rents. 0…