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Real Estate News
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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
Homebuilder sentiment bounces back despite ongoing supply chain problems
Homebuilder confidence rose in October thanks to strong buyer demand. Read Article
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
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
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
Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin
United Wholesale Mortgage is ditching its plan to accept crypto payments after its two-month pilot. Read Article
Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels
Foreclosures are starting to surge as programs designed to help homeowners contend with the Covid pandemic have begun to expire. Read Article
Barry Sternlicht says the 'deck is stacked' in China and he's not a fan of investing there
The global real estate investor told CNBC it's tough to invest directly in countries such as China where "we think the deck is stacked." Read Article
Weekly mortgage demand stalls, as rates jump to highest level since June
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance. Read Article
Morgan Stanley upgrades China property to 'attractive' despite default fears
The U.S. investment bank said it believes that policy easing of the property sector looks likely to kick in, which will support Chinese real estate stocks. Read Article