The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom

Tech Insider
Aerial Real Estate in South Orange County California
US housing market

adamkaz/Getty Images

Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan

Tech Insider : Economy
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai
Chinese developer Country Garden missed bond coupon payments on Monday, igniting concerns about its liquidity.

Aly Song/Reuters

Investors are now eyeing Country Garden chairperson's huge $5.3 billion fortune for help with the struggling property developer's dues

Tech Insider
A headshot of Yang Huiyan superimposed over the image of a coastline with large skyscrapers next to a beach with clear blue water.
Country Garden chairperson Yang Huiyan's next move is under scrutiny after the real-estate giant missed two missed bond coupon payments.

Wealth-X; Country Garden Danga Bay/Facebook; Shayanne Gal/Business Insider

The head of one of the biggest property developers in China was once Asia's richest woman. But her wealth has plunged by 84% since mid-2021 — and now her company's teetering on the brink of a crisis.

Tech Insider : Economy
yang huiyan
Asia's once-richest woman lost 84% of her wealth — more than any billionaire since the COVID-19 pandemic — as China's property sector teeters on yet another crisis.

Wealth-X; Country Garden Danga Bay/Facebook; Shayanne Gal/Business Insider

China's property sector is in dire straits as yet another developer reportedly runs into trouble

Tech Insider
china real estate
A man walks outside a property agency featuring posters of the latest high-rise apartment buildings in Hong Kong February 13, 2015.

Tyrone Siu/Reuters

The most interesting part of China's stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector

Tech Insider : Economy
Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.
China's once free-spending property buyers are now cautious about their real-estate purchases amid the country's post-COVID economic slump.

VCG/Getty Images

Chinese developers jump after central bank pledges more support for embattled property sector

Tech Insider
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
The People's Bank of China headquarters in Beijing.

Reuters

YouTuber and entrepreneur Simon Squibb spent $32,000 winning an auction for a stairwell in London

Tech Insider : Business
Simon Squibb stands in front of the stairwell he bought at auction.
Simon Squibb paid $32,000 at an auction for this stairwell in London.

Simon Squibb

Homebuyers had 45,000 fewer homes to choose from in July as the US housing market remains as tight as ever

Tech Insider : Economy
Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola
Homes are seen for sale in the northwest area of Portland

Thomson Reuters

Office loans just hit a 5% delinquency rate – a 20-month high – as WFH and rate rises pile more pressure on commercial real estate

Tech Insider : Economy
A red brick office building, five storeys tall, with big glass windows, in New York City.
Defaults on commercial property loans are on the rise.

Kena Betancur/Getty Images

Subscribe to Property