Bondholders for one of China’s biggest real estate developers extended a grace period to negotiate a delayed repayment of a $285 million bond.
Category: Real Estate Brokers
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Zillow Is Growing When the Housing Market Is Frozen
Through boom and bust, Jeremy Wacksman says people keep coming to the listings site to “gawk” and “dream.”
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Celebrity Broker Sues National Association of Realtors Over House Listings
Mauricio Umansky, the real estate broker best known for appearing on “The Real Housewives of Beverly Hills,” claims N.A.R. has created a monopoly through its databases of listings.
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Clark Halstead, Real Estate Broker Who Broke the Mold, Dies at 83
The face of his firm, he opened storefront offices to chase undervalued properties in New York City and emblazoned a London cab with his name.
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What Comes Next for the Housing Market?
The Federal Reserve still expects to cut rates this year, and a change in selling practices could shake up home shopping. Here’s the outlook.
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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New President of the National Association of Realtors Abruptly Resigns
Tracy Kasper, who took over as president of the National Association of Realtors after the sudden resignation of her predecessor, has quit after what the group described as a threat.
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Chill in the Housing Market Seeps Into Other Industries
The slowdown in the residential real estate market, a crucial cog in the American economy, is threatening sectors like home improvement and storage.
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How the Real Estate Broker Business Could Change
Industry experts say a federal jury ruling this week against the National Association of Realtors and large brokerages makes the current commission model likely to change.
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Country Garden Says Executives Have Not Fled China
The company, one of China’s biggest property developers, took the unusual step of stating that the company’s founder and its chairwoman were “working normally.”