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Real Estate
Coronavirus mortgage bailouts suddenly swell as homeowners struggle
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Tuesday, Oct. 1, 2019.Andrew Harrer | Bloomberg | Getty ImagesAfter declining for three weeks, the number of borrowers delaying their monthly mortgage…
FTSE 100 rises despite steepest drop in house prices for 11 years
Headlines from the Proactive UK newsroom.
The FTSE 100 rose 50 points to 6,214 on hopes the government might scrap its planned 14-day quarantine rule for travellers arriving in Britain. According to the BBC, ministers are looking for…
MJ Gleeson PLC sees recovery but full-year revenue to slump
The housebuilder has restarted construction activity and sales offices in most sites
PLC () said customer demand is recovering after sites began reopening a month ago.
However, revenue for the year to June 30 is expected to slump 42%…
The recovery from the coronavirus sure looks V-shaped, going by these
The U.S. economy added a record number of jobs in May as it appeared to bounce off the bottom of the coronavirus recession, and now the chart of jobs gains and losses is starting to look like a "V."The possibility of a V-shaped recovery…
Chinese Estates shares pop after it sells off its shares in Evergrande
A man drives a cart past apartment buildings at China Evergrande Group's Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021.Qilai Shen | Bloomberg | Getty ImagesHong…
Don’t expect Beijing to provide direct support to Evergrande, says S&P
Outside the China Evergrande Group Royal Mansion residential development under construction in Beijing, China, on Friday, Sept. 17, 2021.Gilles Sabrie | Bloomberg via Getty ImagesThe Chinese government is not likely to step in to give…
Here are five charts that track how the U.S. economy is recovering from
Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas.Ronda Churchill | AFP via Getty ImagesWith states continuing to lift coronavirus restrictions, people across the U.S. have…
collapse could have domino effect on China properties
The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen.SOPA Images | LightRocket | Getty ImagesChina's "highly distressed" real estate companies are at risk of…
As NYC reopens, Hudson Yards takes high tech precautions
As New York City reopens for business, so too will offices in the city's largest new real estate development, Hudson Yards.It will not, however, be business as usual upon entry to 30 Hudson Yards, nor throughout the 2.6…
The number of struggling renters isn’t dropping
courtneyk | E+ | Getty ImagesThe end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren't going away anytime soon.More than 6 million households…