People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. In moving in the opposite
Real Estate
With a career as a renowned art auctioneer and founder of Los Angeles Modern Auctions, Shannon Loughery knows a valuable masterpiece when she sees one—and Loughery’s recently listed Midcentury Modern-style home in Encino is just that. Determining the value of a work of art is not so different from that of a home. Ask any
China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade
Where does the host of “Jack Hanna’s Into the Wild” go to kick back? Into his own private wilderness, of course. Wildlife expert, retired zookeeper and reality TV personality Jack Hanna and his wife Suzi have put their hideaway in Bigfork, Montana, on the market at US $3.988 million. Jack Hanna, known to TV viewers
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties. As a result, investors are now flooding into the market again, after falling back a bit during
Location, land and privacy – all on L.A.’s Westside. The Ranch, listed at $64.5 million, is set in the Mandeville Canyon area of Brentwood. It’s less than 4 miles from the coast, under 9 miles from Beverly Hills’ famed Rodeo Drive and a mere 18 miles from Los Angeles International Airport. And yet it feels
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was too late for investors who poured
Home-price gains in 2021 are on pace to smash last year’s all-time high after record-low mortgage rates fueled bidding wars across the U.S., Fannie Mae said in a forecast on Friday. Home prices probably will surge 17% this year, beating the record gain of 11% set in 2020 that surpassed the prior peak of 10%
Aerial photography of “river view house” on the side of the Yangtze River. Yichang, Hubei Province, Oct. 16, 2020. Costfot | Barcroft Media | Getty Images The fallout in China’s property sector is showing no signs of abating, as more developers face the threat of default — even as uncertainty over the fate of heavily
Days after his son Kendall’s explosive press conference left the media conglomerate Waystar Royco teetering on the brink, the Roy family patriarch opens up as he goes to war with his children, his shareholders and potentially the U.S. government. By Sergei Klebnikov, Giacomo Tognini and Lisette Voytko It’s been a tumultuous 48 hours for Logan
Prospective homebuyers view a kitchen while touring a house for sale in Helotes, Texas. Matthew Busch | Bloomberg | Getty Images Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance. Homebuyers, already battling a pricey market, lost more purchasing power due to those higher rates. The
Big-time Hollywood producer Joe Roth is heading east from his Holmby Hills mansion and moving to nearby Beverly Hills. The longtime film and TV executive and founder of multiple production companies, including Morgan Creek Productions and Revolution Studios, has paid $23 million for a stylish Midcentury Modern home in the 90210 in an off-market deal,
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — The People’s Bank of China said Friday that indebted developer China Evergrande is its own case, and that most real estate businesses in the country are stable. Property giant Evergrande has $300 billion in liabilities
The record-setting housing market has brought anecdotes of frustrated home shoppers being repeatedly outbid and using risky strategies, such as waiving contingencies, to be competitive. And a new Zillow analysis of the age, sex, race and income of home buyers over a decade reveals Millennials and Baby Boomers — two of the biggest generations in
In this article ETC.BF= BTC.BS=-USS Tony Andrews | Twenty20 U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia
One would be hard-pressed to find a private estate for sale in all of France with more notable gardens. They are, in fact, listed by the French Ministry of Culture as one of the country’s more than 300 Remarkable Gardens of France. The 9 hectares, or about 22 acres, of park-like grounds and formal gardens
A foreclosure sign in front of a house in 2007. Getty Images Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32%
Hollywood Hills is defined as much by geographic location as it is by the people who live there. This more than 10-acre compound in the Los Angeles residential neighborhood boasts generations of celebrity provenance. It’s now for sale at US $35 million. The current owners and sellers are 10-time Grammy-winning singer Justin Timberlake and his
A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images Morgan Stanley has upgraded China’s property sector to “attractive,” even as worried investors are watching closely to see if debt-saddled Evergrande might default, and whether there will be contagion. The U.S. investment bank said it
If you like hitting the dance floor and getting your groove on, you’ll love a luxurious estate in Kinnelon, New Jersey that is an entertainers’ dream home. The $5.999 million home includes its own lower-level nightclub for hanging out with friends and family and dancing the night away. The secluded 13-acre estate about 45 minutes
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