housing

Airbnb stock fell sharply despite outperforming earnings, and plans to buy back $2 billion in stock

Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …

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Rental prices have risen in these five central districts. What to know before moving

Los Angeles Ron Thomas | Getty Images As higher interest rates and rising property values ​​prevent more families from buying a home, the demand for rents has soared, with rental prices soaring in the sunniest states. Rents for single-family homes ballooned during the first half of 2022, reaching a national average of $2,495 a month …

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The Chinese economy may deteriorate due to the loss of confidence in the real estate sector

Analysts have warned that a loss of confidence in China’s real estate sector could lead to a contagion that would further slow the Chinese economy. The comments come after embattled developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filing with the Hong Kong Stock Exchange, Evergrande …

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Home prices fell at a record pace in June, according to the housing data company

A sign in front of a house for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the US rose 2% in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the broader economy sharply lowered housing demand in …

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Here’s what a possible recession might mean for American consumers

Americans want to know: Is this a recession or not? Formally, the National Bureau of Economic Research defines a recession as “a significant decline in economic activity that spreads through the economy and lasts more than a few months.” In fact, the latest quarterly GDP report, which tracks the overall health of the economy, showed …

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Pending home sales fell 20% in June from a year earlier, as mortgage rates soar

A “Sale Pending” sign outside a home in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The National Association of Realtors said Wednesday that contracts signed to purchase existing homes fell 20% in June compared to the same month last year. This is the slowest pace since …

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Homebuilders boost incentives because they suddenly struggle to sell their homes

Contractors work on the roof of a home under construction at the Steelpoint subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Mika Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, home builders in the country are now suffering …

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Rents are up as big pockets investors buy mobile home parks

Sue Phil, 69, gardens at home in Rochester, New Hampshire, May 17, 2022. The Washington Post | Getty Images For as long as anyone remembers, rent increases rarely happen at Ridgeview Homes, a family-owned mobile home park in upstate New York. That changed in 2018 when business owners took over the 65-year-old park amid farmland …

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