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Barker, Kim (May 30, 2018) "Behind New York’s Housing Crisis: Weakened Laws and Fragmented Regulation" The New York Times; NYC For All: The Housing We Need (November 2018) Office of the New York City Comptroller, Scott M. Stringer; 2018 Housing Supply Report Archived March 18, 2019, at the Wayback Machine New York City Rent Guidelines Board
In a New York court on 18 August 2023, Evergrande filed for bankruptcy protection under chapter 15 of the US bankruptcy code, which protects its US assets while it attempts a restructuring deal. [76] On 28 August 2023, Evergrande stock plunged in Hong Kong as trading resumed after a 17-month suspension, tumbling by 79 per cent to 35 HK cents ...
The real estate market began to develop in earnest after 1998. [6]: 64 As of 2010, China's real estate market is the largest in the world. [7] [8] According to Bloomberg Economics estimates, the sector contributed to about 19% of China's GDP in 2024, [9] down from a peak of 24% in 2018.
James Wang, CEO of REAI, a real estate AI firm, said much depends on the housing policies under President Trump’s newly appointed Secretary of Housing and Urban Development, Scott Turner.
China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and ...
The housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’ Sydney Lake November 6, 2023 at 2:12 PM
According to Wade Shepherd, after the ghost cities becomes a thriving city, they no longer become a much talked about topic in the western media. Ex-ghost cities are rarely news compared to when they were ghost cities. [5] Wade says, "It generally takes at least a decade for China’s new urban developments to start breaking the inertia of ...
One of the key reasons for the Chinese mortgage boycott is a result of the previous high demand for housing. The rise of the middle-class in China since the early 2000s precipitated a substantial investment in property, with many channelling savings into real estate as given the widely-held perception of Chinese property as one of the most stable forms of investment, with house prices ...