Property News

Alexander sold the house in June to AK Custom Homes, which plans to demolish it and build a new house that cost $4.5 million.

Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof.

Covid has kicked the housing market into high gear. At the end of September, the average home price was up 14% from the same month last year, and 30% from 2019.

Evergrande made little progress toward complying with China's crackdown on real estate debt until it was too late for investors who put money into its offshore bonds.