United States

Housing Market

Cleveland Fed chief 'comfortable' raising rates if economy keeps performing


SINGAPORE Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy maintained its current pace of performance.

China's property investment to grow less rapidly this year: report

BEIJING China's investment in the property sector will likely expand at a slower pace in 2017 as Beijing looks to curb speculation, while infrastructure spending is expected to maintain a double-digit growth, state media cited a government adviser as saying.

Feb 19 2017

U.S. wage gap puts rentals out of reach of single women: research

NEW YORK (Thomson Reuters Foundation) - Single women cannot afford to rent a small apartment in nearly all of the biggest U.S. cities but single men could manage to lease in a third of those locations, a reflection of the gender wage gap, research shows.

Feb 18 2017

Illinois governor's bid to sell state-owned high-rise gains boost

CHICAGO One of the key players in Illinois’ unending financial plight extended a peace offering to Republican Governor Bruce Rauner on Friday by opening a legislative avenue for the possible sale of the state’s main office building in downtown Chicago.

Feb 17 2017

Goldman expects U.S. mortgage rates to jump 150 bps by 2019

NEW YORK Goldman Sachs analysts said on Friday they expected U.S. 30-year conventional mortgage rates to rise 150 basis points to about 5.5 percent by 2019, in step with an increase in benchmark Treasury yields and investors demanding higher compensation to own mortgage-backed securities.

Feb 17 2017

Resurgent U.S. stock fund inflows show return of 'Trump trade'

NEW YORK Investors boosted their bets on U.S.-based equity funds in the latest week and helped extend market gains since the presidential election, Lipper data showed on Thursday.

Feb 16 2017

Appeals court rejects NYC Mayor de Blasio's water bill credit

NEW YORK A divided appeals court in Manhattan on Thursday rejected New York City's plan to give small homeowners a $183 credit on their water and sewer bills, a defeat for Mayor Bill de Blasio.

Feb 16 2017

U.S. housing starts fall; building permits hit one-year high

WASHINGTON U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track.

Feb 16 2017

China's overseas property purchases, investments slump as capital controls bite

BEIJING Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves.

Feb 16 2017

Hiding China's ugly data will aggravate correction

HONG KONG (Reuters Breakingviews) - Another day, another credible Chinese economic indicator goes dark. Two independent indexes of red-hot property prices have quietly ceased publication recently. The country is growing more opaque both literally and figuratively, as smog intensifies and data blurs. Economists have been ordered to stay positive.

Feb 16 2017