As China gears up for the much-anticipated Third Plenum, analysts are expecting a shift in focus towards areas beyond the real estate market. While the country’s real estate issues loom large, the upcoming policy meeting is anticipated to concentrate on high local government debt levels and a drive for advanced manufacturing. According to Larry Hu,
Real Estate
The Gen Z population is facing challenges in homeownership due to a lack of affordable starter homes. According to a recent report, 22% of Gen Zers believe that the high cost of entry into the housing market is a barrier. In an attempt to overcome this hurdle, many are considering fixer-upper homes as a more
The issue of housing inflation in the United States has been a lingering concern for economists, especially as it has not decreased as quickly as other forms of inflation in the economy. The fact that housing accounts for a significant portion of the Consumer Price Index (CPI), at 36%, makes it a critical factor in
Inflation, which is an important economic indicator in measuring the rate at which prices are changing across the economy, has decreased in June 2024. The Consumer Price Index (CPI) rose by 3% in June compared to a year ago, showing a decline from May’s rate of 3.3%. This decrease in inflation has provided some relief
In today’s society, it is becoming increasingly common for young adults, specifically those in Generation Z, to rely on financial assistance from their parents. According to a report from Bank of America, nearly half of Gen Zers between the ages of 18 and 27 depend on their families for financial support. This reliance on their
The recent surge in home prices, accounting for a staggering increase of over 40% from pre-pandemic levels, should theoretically prompt current homeowners to consider refinancing. However, the reality is quite different as the prevailing interest rates have more than doubled since two years ago, making it financially unfavorable for homeowners to pull cash out of
The current state of the housing market is unusual, to say the least. While there is an increase in the supply of newly built homes, there is still a shortage of existing homes for sale. This dynamic has led to a situation where home prices continue to rise, despite the usual trend of prices cooling
The real estate market in San Francisco has been facing significant challenges, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This is a stark increase from previous years, showcasing the impact of both the Covid-19 pandemic and the slowdown in the tech industry. The average asking
The real estate landscape in Manhattan is experiencing a significant shift as prices of apartments fall and inventory levels rise. Reports indicate that the average real estate sales price in Manhattan has dropped by 3% to slightly over $2 million. Additionally, the median price has also seen a 2% decrease to $1.2 million. Luxury apartment
Recent reports indicate that the heat in the housing market is starting to dissipate, with home prices showing signs of decline compared to this time last year. While prices are still higher than they were previously, the gains are shrinking, causing sellers to adjust their expectations. According to data from real estate brokerage Redfin, the