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Property News

Location American Property News for 22 September 2021
The Fed is sticking with its near zero rate policy for now, yet borrowing costs may start to edge higher anyway.
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Google's deal to buy a Manhattan building adds to the rapid growth of Silicon Alley, despite a rise in remote work and a decline in the New York office market.
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Why renters are struggling so much now

CNBC - 22 Sep 2021 18:09
The present troubles for renters are explained in large part by inequities that predate the Covid pandemic.
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The share of first-time buyers fell to just 19% of all sales, the lowest since January 2019.
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Mortgage demand rose last week as more buyers came into the housing market.
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A default by Evergrande will have minimal effect on the Chinese financial system, said Li Daokui, a former advisor at the People's Bank of China.
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