property market

Residential house prices continued their upward trend, reaching new all-time highs in April 2024, yet the pace of growth has slowed, potentially suggesting early signs of normalization. The resilience of house prices was broad-based across the country, with all 20 of the largest U.S. metropolitan...

By UOB KayHian On May 17, China rolled out a package of new measures to support the property market. Three of those were on the demand side. Minimum down payment ratios for first and second homes were lowered from 20% and 30%, respectively, to 15% and 25%. The mortgage rate floors for first and...

Country Garden Holdings Co. Ltd. (OTCPK: CTRYY), one of China’s leading property developers, is facing a pivotal moment this week. Boasting a colossal debt load of $187 billion, it bears the less-than-desirable distinction of being the globe’s most heavily indebted developer, with only...

The U.S. housing market is facing a seismic shock. Mortgage rates skyrocket to levels not seen in over two decades. The average contract interest rate for 30-year fixed-rate mortgages has surged by 15 basis points (bps). The rates reached a staggering 7.31% for the week ending Aug. 18. This marks...

The U.S. housing market is grappling with its worst affordability crisis in nearly 40 years. Mortgage rates have surged to a level unseen since April 2002, with the average rate for a 30-year fixed loan now standing at 7.09%, a significant rise from 6.96% just a week ago, as Freddie Mac reported...

Zhongzhi Enterprise Group Co., a major player in China’s private wealth management sector, missed payments on several high-yield investment products. The news raises concerns about the stability of China’s shadow banking industry. The iShares China Large-Cap ETF (NYSE:FXI), which gives...