Housing

US homebuilders set for another ‘lost’ earnings season

The builders’ confidence falls to a seven-month low in April as a result of the array of setbacks

Developers' confidence in taking on new condo projects is supported by pro-housing policies.
THE LEVEL GROUND

Reckless housing land bids? Developers’ faith in Singapore government can pay off

The Middle East war may hurt demand and raise costs, but authorities have led the nation through crises before

Zohran Mamdani is framing the tax drive as a way to increase affordability and improve services for average New Yorkers.

New York mayor says second-home levy plan is key step to tax the rich

The state’s governor Kathy Hochul has said the tax would cover about 13,000 properties

The war in Iran has fuelled inflation fears and pushed mortgage rates higher after they briefly dipped below 6% in late February.

US mortgage rates drop for second week to 6.3%, Freddie Mac says

The housing market has been rattled by the war in Iran

Real estate values in China have been in a years-long slump, exacerbating deflationary risks and hurting household spending in the world’s second-largest economy.

China home price drop slows for second month as pressure eases

Supportive measures for the property market have trickled out across cities in recent months

Switzerland is becoming a top choice for relocation for some wealthy individuals, families and investors.

Wealthy Middle East residents are house-hunting in Europe to escape war

Investors who might have ploughed money into the most popular Gulf property markets are also examining alternatives

The report comes as policymakers across Washington seek to show voters they are doing something about the high cost of housing.

US housing shortage is at least 10 million homes: White House

The interest rate on a 30-year fixed mortgage is currently 6.37%, according to Freddie

Short-term demand from families relocating from the Middle East added to the impact of impending regulations weighing on supply.

London luxury rents rise as Gulf demand adds to supply crunch

Rents in the city’s prime central area are up 1.2% in the year until March

Estate agents on balance expect reduced sales and declining house prices over the coming months after average fixed mortgage rates surged back above 5%.

UK homebuyer demand slumps as borrowing costs spiral

Gauge tracking new buyer enquiries in March plunged to the lowest since August 2023

AI companies such as OpenAI and Anthropic PBC have created a new gold rush in San Francisco and employees are pouring their wealth into homes in the compact city.

San Francisco house prices hit record US$2.15 million on AI

Buyers have faced heated competition for listings, with houses selling an average of 23% above asking price