Property News

"We're in many ways shocked, and we've been too busy to even think about it," Douglas Elliman CEO Scott Durkin told CNBC on Thursday.

Inflation is pushing up costs for housing, transportation and food, the largest expense categories for the average consumer.

The condominium declaration should spell out who is responsible for such a limited common element.

With no confirmation that Evergrande made interest payments in time, Fitch Ratings declared the Chinese developer in 'restricted default' on Thursday.

Stabilizing property sales and greater access to funds would help lift the property sector and China's economy, said Logan Wright of Rhodium Group.