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Housing Market

China economy shows solid momentum as party meets, but property curbs bite


BEIJING China's economic growth looked set to accelerate for the first time in seven years this year, after hardly skipping a beat in the third quarter, but efforts to cut risks in property and debt are beginning to weigh on parts of the world's second-largest economy.

China September property sales drop for first time in over 2-1/2 years

BEIJING Property sales in China dropped for the first time in more than two-and-half years in September and housing starts slowed sharply, reinforcing expectations that robust growth in the world's second-largest economy is starting to cool.

12:17am EDT

China property risks have been effectively resolved: statistics bureau

BEIJING China's property risks have been effectively resolved, with destocking efforts in third- and fourth-tier cities achieving results, a spokesman for China's statistics bureau said Thursday.

Oct 18 2017

U.S. housing starts hit one-year low; building permits tumble

WASHINGTON U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.

Oct 18 2017

Kobe Steel to hold bidding for real estate unit on Friday: Bloomberg

TOKYO Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.

Oct 18 2017

China's Xi says to maintain principle property is not for speculation

BEIJING China will maintain the principle that houses are for people to live in, not for speculation, President Xi Jinping said on Wednesday at the opening of a key Communist Party congress.

Oct 18 2017

Alphabet to develop high-tech waterfront site in Toronto

TORONTO Canada has tapped Google parent Alphabet Inc to help plan a mixed-use development along Toronto's Lake Ontario waterfront using cutting-edge digital technologies and urban design.

Oct 17 2017

U.S. nursing home chain faces landlord showdown over default

CHICAGO The fate of one of the largest U.S. nursing home operators, HCR ManorCare, will reach a critical court deadline on Thursday in a battle over months of unpaid rent, a growing problem in an industry where eviction would put thousands of elderly out on the street.

Oct 16 2017

Massachusetts court: Yahoo can give dead man's emails to siblings

BOSTON The top court in Massachusetts ruled against Yahoo on Monday by concluding that federal law does not bar it from providing the representatives of an deceased man's estate access to his email account.

Oct 16 2017

Luxurious London mansion on sale for 18 million pounds - bitcoin accepted

LONDON (Thomson Reuters Foundation) - A multi-million pound London mansion, due to go on sale this month, could make British property history - by selling for the digital currency bitcoin.

Oct 16 2017