Housing News
Housing & apartment construction fell in July
Construction of homes and apartments fell in July to the lowest level in more than 17 years, but some economists said the drop could aid the slumping housing sector by helping reduce a glut of unsold properties.
The Commerce Department on Tuesday said builders broke ground on 965,000 housing units on an annualized basis, down from [...]
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Financial News
Mortgage Applications Volume Fell 1.5% Last Week
Mortgage rates fell last week, yet that didn’t inspire more borrowers to apply for a mortgage, according to the Mortgage Bankers Association’s latest survey, released on Wednesday.
Application volume fell a seasonally adjusted 1.5% for the week ended Aug. 15, compared with the previous week. Volume was down 34.2% compared with the same week in 2007, [...]
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International Realty
China’s real estate market optimistic
The development of real estate in China has good prospects in the long run despite the sluggish demand, an expert from the National Development and Reform Commission (NDRC) said on Sunday.
“The development of the real estate has good prospects in a relatively long term. After rational adjustment, it will show a more sound development trend,” [...]
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