Goldman Snaps Up China Property Debt as Others Back Away
Goldman Sachs Asset Management is buying one of the world’s most distressed assets -- Chinese real estate debt.
Goldman Sachs Asset Management is buying one of the world’s most distressed assets -- Chinese real estate debt.
The company, known for its online real estate listings, probably should have never ventured into home flipping, also known as iBuying.
Property firms scrambling to avoid missing debt deadlines. Government clampdown on the real estate sector makes it tougher to roll over dollar debt.
Pending home sales, a leading indicator of the health of the housing market, fell in September, reversing an increase a month earlier.
Builders continue to grapple with ongoing supply chain disruptions and labor shortages that are delaying completion times.
Seattle-based Zillow, has seen its stock price tumble about 27% this year after it nearly tripled in 2020 amid pandemic-fueled housing market boom.
Unfortunately for real estate investors, separating fact from fiction when it comes to land trusts can be difficult.