Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the consumer price index and the personal consumption expenditure price index — the two most important inflation gauges — have a fatal flaw in … Read more

China’s broken housing market: Cash-strapped builders halt construction mid-way | World News – WION

China’s broken housing market: Cash-strapped builders halt construction mid-way |  World News – WION

China’s broken housing market: Cash-strapped builders halt construction mid-way | worldnewsWION In China, home buyers occupy their ‘rotting’, unfinished propertiesYahooNews UK A Ponzi scheme by any other name: the bursting of China’s property bubbleGuardian China Millennials’ Mortgage Boycott: Why The Property Crisis Should Worry YouCNA Insider China’s Wealthy Rush to Transfer Assets and Emigrate as … Read more

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing down. Read More How much should I tip my housekeeper? My husband says that we should tip … Read more

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

At last, a glimmer of hope for tenants: asking rents for apartments fell actually between July and August, according to a new Apartments.com analysis — breaking a 20-month growth streak. “We’re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster … Read more

Greenwich: South London council left tenants at ‘serious risk’ over fire safety failings, says regulator

Greenwich: South London council left tenants at ‘serious risk’ over fire safety failings, says regulator

A south London council left its tenants at serious risk because of fire safety failings, a regulator has said. Greenwich Council failed to take up hundreds of “high-risk” remedial jobs flagged by fire assessments, and had 400 fire-risk assessments outstanding across its social housing stock. The Regulator of Social Housing said Wednesday that tenants were … Read more

L&G aims to bring more leveling up to London as profits and dividends rise

L&G aims to bring more leveling up to London as profits and dividends rise

L Legal & General has told the Standard that it is time to bring more leveling up to London as it continued its long run of dividend payouts and reported half-year operating profit of £1.2 billion, up 8%. “We see huge opportunities to invest, we’re trying to do leveling up in London… we’ve done so … Read more

Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says and these cost-effective cooking tips won’t leave you with an empty stomach — or wallet

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. This startup founded by former Airbnb employees lets you try out vacation homes before you buy them Try before you buy: second-home edition. Read More Housing’s ‘great slowdown’ is here, as mortgage originations and spending fail, Bank of America says A new report from the Bank of America … Read more

Vancouver city council approves controversial Kitsilano supportive housing project – BC

Vancouver city council approves controversial Kitsilano supportive housing project – BC

A controversial social housing development is moving forward in Kitsilano after Vancouver city council voted to approve the project Tuesday. The vote came a day after a marathon public hearing that heard from speakers for over nine hours, many of whom said they were opposed to the proposed location of the 13-storey building that will … Read more

Port Pirie suburb records 25 per cent rise in median rental price as vacancy rates remain at historic lows

Port Pirie suburb records 25 per cent rise in median rental price as vacancy rates remain at historic lows

Data from a real estate report shows a suburb in the regional town of Port Pirie is one of five in South Australia with the biggest increase in weekly rent prices. Key points: Weekly asking rents in a Port Pirie suburb have increased by 25 per cent in the past year There are six vacant … Read more

End of New York City Tax Incentive Imperils Apartment Construction

End of New York City Tax Incentive Imperils Apartment Construction

New York City’s multifamily development faces an unsettled future following the expiration of the main tax incentive for affordable housing, real-estate investors and analysts say. The Affordable New York tax provision, commonly known as 421a, offered a property tax exemption for housing projects in New York City that include a percentage of units earmarked for … Read more