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Housing Sector

All articles tagged with #housing sector

financeeconomy1 year ago•1 min saved

"Chinese Banks Unlock Billions in Loans for Real Estate Development Through Whitelist Strategy"

Chinese banks have approved 123.6 billion yuan ($17.20 billion) of development loans and issued 29.4 billion yuan under a "whitelist" mechanism aimed at injecting liquidity into the crisis-hit property sector. This mechanism, launched on Jan. 26, allows city governments to recommend residential projects to banks for financial support, with 214 cities across the nation participating and recommending over 5,300 projects to banks. The initiative is part of Beijing's efforts to stabilize the property sector's debt crisis and boost confidence in an industry that accounts for a quarter of China's GDP.

via Reuters|

#china #financeeconomy #housing-sector

business2 years ago•0 min saved

China's Property Support Measures Boost Real Estate Stocks and Stock Market

Chinese real estate stocks have risen as Beijing announced the extension of property support measures until the end of 2024. The move aims to guide financial institutions to defer loan payments for real estate enterprises and provide financial support to ensure the delivery of housing projects. Chinese banks' reactions were muted, with shares of China Construction Bank and Bank of China remaining flat, while ICBC saw a slight increase.

via CNBC|

#beijing #business #chinese-real-estate

real-estate2 years ago•1 min saved

US Home Sales Show Signs of Recovery with Mortgage Easing

Pending home sales increased by 0.8% in February, marking the third consecutive monthly gain, with sales increasing in all regions except the West. While pending home sales are still down 21% from a year ago, the housing sector's contraction is coming to an end, according to the National Association of Realtors' chief economist, Lawrence Yun. The sector's rebound is being spurred by mortgage easing from recent highs, with residential mortgage loans expected to be more readily available.

via Axios|

#housing-sector #mortgage-easing #national-association-of-realtors

real-estate2 years ago•2 min saved

US Pending Home Sales Continue to Rise for Third Straight Month in February

Pending home sales increased by 0.8% in February, marking the third consecutive month of growth, according to the National Association of Realtors. While three regions saw monthly gains, the West declined, and all four regions experienced year-over-year decreases in transactions. NAR Chief Economist Lawrence Yun said that the housing sector's contraction is coming to an end, with existing-home sales, pending contracts, and new-home construction pending contracts all climbing for the past three months. The Midwest and South are leading the recovery, with residential mortgage loans expected to be more readily available.

via NAR.realtor|

#housing-sector #mortgage-rates #national-association-of-realtors