Latest Real estate services News

Insider Q&A: Realtors' group Chief Economist Lawrence Yun

Jan. 17, 2022 09:14 AM EST

LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market. The supply-demand equation remains sharply lopsided heading into the spring home-buying season,...

China's economy grows 8.1% in 2021, slows in second half

Jan. 17, 2022 05:53 AM EST

BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second...

As South Florida condos age, more owners are willing to sell

Jan. 08, 2022 03:11 AM EST

FORT LAUDERDALE, Fla. (AP) — For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The tri-county’s white hot real estate market is prompting developers to take stock of the region’s older beach front high-rises as potential...

Pandemic adds time, cost to rebuild after Colo. wildfire

Jan. 07, 2022 18:35 PM EST

LOUISVILLE, Colorado (AP) — Rex and Barba Hickman’s home of 23 years near the foothills of the Rocky Mountains has been reduced to a blackened heap by the most destructive wildfire in Colorado history. Before the Dec. 30 blaze, which ripped through nearly 1,100 homes, the...

Record year for homes sales on Oahu, median price over $1M

Jan. 07, 2022 17:27 PM EST

HONOLULU (AP) — The median sale price for a single-family home on Oahu was over $1 million during the second half of 2021, a record high for Hawaii's most populous island. In December, the median price was $1,060,000, a 22% increase compared to 2020, Hawaii Public Radio reported....

Real estate firm sues NYC over workplace vaccine mandate

Jan. 05, 2022 15:22 PM EST

NEW YORK (AP) — A lawsuit has been filed in federal court challenging New York City’s sweeping mandate requiring nearly all private-sector businesses to ban unvaccinated employees from the workplace, asserting that the city's attempt to control the coronavirus pandemic deprives tens of...

Chinese developer asking bondholders to postpone repayment

Jan. 05, 2022 04:32 AM EST

BEIJING (AP) — A troubled Chinese real estate developer with $310 billion of debt is asking investors in one of its bonds to postpone when they will be repaid. Evergrande Group will conduct a three-day online vote starting Friday for holders of the 4.5 billion yuan ($700 million)...

Troubled Chinese developer told to demolish resort

Jan. 04, 2022 10:11 AM EST

BEIJING (AP) — A troubled Chinese real estate developer that is struggling with $310 billion in debt announced Tuesday it has been ordered to demolish a 39-building resort complex in a new blow to its finances. Evergrande Group gave no explanation, but news reports said the...

Man charged with killing realtor he mistook for landlord

Jan. 03, 2022 12:21 PM EST

CORAL SPRING, Fla. (AP) — A South Florida real estate agent was fatally shot by a recently-evicted man who mistakenly thought she was his former landlord, authorities said. Sara Trost had been waiting outside a home in Coral Springs, Florida, waiting to meet with a potential buyer,...

Maine real estate market expected to slow but not stall

Jan. 02, 2022 09:50 AM EST

BANGOR, Maine (AP) — Rising mortgage rates that are anticipated when the Federal Reserve tightens credit in the new year is expected to slow but not stall Maine's red hot real estate market. Home prices will keep rising but not as fast as this year despite inflation and higher...