Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
More than one-third of homes were purchased with cash in February as mortgage rates remain high, according to a new report from the real estate company Redfin. The rate of all-cash purchases — defined as home purchases where the deed does not include mortgage loan information — is within striking distance of the record high…
(Bloomberg) US mortgage rates dropped back below 7% for the first time in a month, spurring an increase in applications for home purchases.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryUnited Tells Boeing to Stop Making Its Long Delayed Max 10sChina Has Never Canceled This Many Shipments of US WheatTrump Wins Republican Nomination, Setting Up Rematch With BidenThe contract rate on a 30-ye