Anne Stevenson-Yang called Evergrande a pyramid scheme because it excelled at pretending to create value where none actually existed.
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Zillow to stop purchasing U.S. homes after building big backlog and facing staff shortages: Bloomberg
Zillow Group Inc. is pausing the purchase of U.S. homes as it works through a backlog of properties,
(Bloomberg) -- Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverHate-Speech Case Forces Japan to Confront Workplace RacismZillow,
BEIJING (Reuters) -China's September new construction starts slumped for a sixth straight month, the longest spate of monthly declines since 2015, as cash-strapped developers put a pause on projects in the wake of tighter regulations on borrowing. New construction starts in September fell 13.54% from a year earlier, the third month of double-digit declines, according to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday. When the sector recovered in 2016 after authorities loosened their grip on purchases and development, tens of thousands of real estate firms borrowed heavily to build homes.
- Motley Fool
These would-be buyers are mentally exhausted after navigating a tough housing market for months on end.
- Miami Herald
I have spoken these past 18 months about the unprecedented country-wide migration to South Florida caused by COVID-19. Buyers from New York, California and the Midwest suddenly had the ability to work remotely from anywhere, and many reacted by snapping up single-family homes throughout sunny, tropical South Florida, seeking outdoor space, swimming pools, in-home offices, warmer weather and Florida’s tax benefits.
- The Week
It doesn't hurt to look!
- Motley Fool
Real estate agent fees vary, but they commonly land between 4% and 6%. To be clear, your real estate agent doesn't necessarily get to keep all of that money. If your agent works for a firm, a portion of that commission generally gets paid into the company, and some may be split with a buyer's agent (the agent who leads a buyer to your home and negotiates the sale on the buyer's behalf).
- Best Life
No matter what part of the country you live in, every state has areas that cost more to live in than others. Depending on where you are, the priciest places may be exclusive rural paradises or bustling city suburbs. To satisfy our curiosity of regional real estate markets, we set out to find the town in every state that is the most expensive place to buy a home.To find out where homes hold the most value in each state, we looked to 24/7 Wall St., which analyzed five-year estimates of median owne
- Motley Fool
A household earning median wages would need to spend 32.1% of its income for mortgage payments on a median-priced home, as per the Federal Reserve Bank of Atlanta. In fact, the percentage of income needed to cover a median mortgage payment has grown a lot this year alone. When the Federal Reserve Bank of Atlanta calculates the cost of mortgage payments, it does account for other standing expenses like property taxes, homeowners insurance, and additional costs that may be lumped into monthly payments.
- American City Business Journals
Henry Pino, head of the Miami-based developer, said he has the 21,637-square-foot site at 9650 S. Dixie Highway and the 19,845-square-foot property at 9690 S. Dixie Highway under contract from RJS Wash LLC and CJS KFC Miami LLC, respectively. “What I like about this site is that you can’t build higher than three stories on the Pinecrest side across the street, so I will never have a building obstructing my views,” Pino said. “We are also 900 feet to the Dadeland North Metrorail Station, so I see this as a transit-oriented location.”
- Kansas City Star
The recent Fall Parade of Homes brought a flurry of activity to Kenneth Estates, including several homesite reservations and a sold home.
- Yahoo Finance UK
According to Rightmove's monthly house price index the price bump was the biggest rise at this time of year since October 2015.