Latest Real estate News
China's economy softens in August as Beijing continues to grapple with lagging demand
BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity across...
Federal agency cracks down on a predatory lending practice that often hurts Somali Muslims
For years, Fartun Weli has been frustrated with the way low-income Somali Muslims in Minnesota have been targeted by shady home sellers edging their way into the community -- by exploiting a principle of Islam meant to protect the poor. Weli says many are refugee immigrants who know...
Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller
If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the state’s top officials. Homebuilding in Texas didn’t...
New US rules try to make it harder for criminals to launder money by paying cash for homes
REHOBOTH BEACH, Del. (AP) — The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate. Under rules finalized Wednesday, investment advisers and real estate professionals will be required to...
Why Do Efforts To Impose Higher Taxes On Empty Homes In Honolulu Keep Stalling?
What constitutes an empty home? And what city services should benefit from revenue that would be generated by a proposed special tax on vacant properties? Disputes over that last issue emerged as a dealbreaker Wednesday when a Honolulu City Council bill that would raise taxes on...
Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump's reported sources of income
Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come...
Looking to buy a home? You may now need to factor in the cost of your agent's commission
LOS ANGELES (AP) — Thinking of buying a home with the help of a real estate agent? You can no longer take it for granted that a seller will cover the cost of your agent’s commission. Home sellers have traditionally offered a blanket commission to a buyer’s agent when they...
China’s economic recovery dragged down by property slump and weak consumption in July
BEIJING (AP) — A continued property crisis and weak consumption dragged on China’s economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2%, compared to 5% in...
New England Realty: Q2 Earnings Snapshot
ALLSTON, Mass. (AP) — ALLSTON, Mass. (AP) — New England Realty Associates LP (NEN) on Thursday reported profit of $4.1 million in its second quarter. The Allston, Massachusetts-based company said it had profit of $34.77 per share. The real estate investor posted...
Tejon: Q2 Earnings Snapshot
TEJON RANCH, Calif. (AP) — TEJON RANCH, Calif. (AP) — Tejon Ranch Co. (TRC) on Tuesday reported earnings of $957,000 in its second quarter. The Tejon Ranch, California-based company said it had net income of 4 cents per share. The real estate development company...
