United States

Housing Market

Beijing's property sales surge 65 percent in 2015: white paper


BEIJING Property sales in Beijing rose 64.8 percent in 2015, boosted by more favorable housing policies, according to a real estate white paper released by the city's government.

U.S. consumer confidence steady; new home sales near eight-and-a-half-year high

WASHINGTON U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/2 years in June, suggesting sustained momentum in the economy that could allow the Federal Reserve to raise interest rates this year. | Video

Jul 26 2016

Increase in U.S. home prices falls short of expectations

NEW YORK U.S. single-family home prices rose less than expected on an annual basis in May, and were down from the prior month, a survey showed on Tuesday.

Jul 26 2016

U.S. seek options as farm loan funds run out of cash

CHICAGO The U.S. government's $2.65 billion operating loan program to help farmers keep their businesses going has already run out of cash, as requests for federal financial assistance grow amid the worst agricultural downturn in more than a decade, U.S. officials told Reuters on Monday.

Jul 26 2016

British Columbia imposes 15 percent property transfer tax on foreign home buyers

VANCOUVER British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, one of new measures geared at increasing affordability in the city's red-hot housing market.

Jul 25 2016

Singapore central bank: current policy appropriate, economy faces Brexit uncertainty

SINGAPORE The Singapore central bank's current monetary policy stance remains appropriate and only a marked worsening in the global economy or significant shift to the inflation outlook would prompt a change, its managing director said on Monday.

Jul 25 2016

More Chinese buyers enquire about UK property after Brexit vote

Interest among Chinese buyers in buying UK property has surged since Britain voted to leave the European Union last month, as the pound's slide has created opportunities to buy at a discount, real estate website juwai.com said on Monday.

Jul 24 2016

Aviva's frozen property fund resists fire-sale temptation

LONDON Aviva Investors aims to steer clear of costly fire sales from its frozen property fund and will decide when to reopen for business once it has more concrete market data, the asset manager's CEO told Reuters.

Jul 22 2016

China regulator warns insurers over risky investments

HONG KONG China will not allow conglomerates to use their insurance arms as financing platforms, the sector regulator said, in an apparent warning to companies in a rare and high-profile takeover battle involving insurers.

Jul 22 2016

WeWork demands start-up tenant take down critical blog

NEW YORK WeWork Cos, the office-space sharing start-up with an estimated $16 billion valuation, has demanded that one of its tenants take down a blog on a public website that suggests the rate at which members leave has surged in recent months.

Jul 21 2016