As Congress denied funding for many government operations Oct. 1, Realtors and those with an interest in buying or selling a house might be wondering what it means for them. For those getting a loan, things might slow down a bit in the wake of the shutdown, according to the National Association of Realtors. The
China Real Estate: Upward Moving Again
China home prices having risen for seven consecutive months on what the financial experts there term “recovery” for a sagging market. According to the National Bureau of Statistics last month, prices were up in 53 of 70 major cities across China in November.
China Property Market Cools
In news from Bloomberg this morning, the risks of buying property in China are apparently far outweigh benefits. A cautionary tale about Asia real estate now, after months and months of hype directed at that market, does not shine hope on a world market clearly in stagnation. The report from Bloomberg points to the potential of bank failures in China, should large property funds default.