China Evergrande Unable to Pay Wealth Products Due to Cash Crunch
China Evergrande Group’s money management arm said it couldn’t make payments for investment products this month due to a liquidity crunch.
China Evergrande Group’s money management arm said it couldn’t make payments for investment products this month due to a liquidity crunch.
Zillow is a full-blown housing market bull—predicting that U.S. home prices will jump 6.5% by July 2024.
About $1.2 trillion of debt on US commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling.
One of China’s biggest shadow banks skipped payments on several investment products, sparking rare protests in Beijing.
A record number of Americans believe it's a bad time to buy a home, even though many are feeling good about their financial situations.
Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.
US homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher, but just one in five mortgaged homes meet that criteria.