China’s Biggest Cities See Housing Market Pick Up After Easing

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Shanghai,Shenzhen,China

(Bloomberg) -- Two of China’s biggest cities saw improvements in homebuyer sentiment last weekend after relaxing property restrictions, the first positive...

-- Two of China’s biggest cities saw improvements in homebuyer sentiment last weekend after relaxing property restrictions, the first positive signs in months for the embattled real estate sector.Global Banks Start Targeting a New Breed of Real Estate Risk

“I haven’t seen such a big wave of customers coming in for a long time,” said the agent, Zhao, who only gave her surname because she wasn’t authorized to speak to the press. “We’ve been working days and nights to answer questions.”In Shenzhen, state-owned Poly Developments and Holdings Group Co. canceled the 2% discount offered for its Jade Apartments residential project in the district of Longgang on Saturday.

In Shenzhen, existing-home sales gained 8% over the past weekend to the highest level in more than three years, according to property agency Leyoujia, citing transactions it worked on. Leyoujia is the biggest real estate agency in the city.Israel Seeks Underground Secrets by Tracking Cosmic ParticlesBesides a prime location, there's another reason why your zip code is costing you more lately -- climate change. With rising sea levels, raging wildfires and other increasing extreme weather...

"The housing market is really the first domino to fall on what we think is going to be a slower growth story down the road."Man Who Picked Nvidia Before Jump Reveals New PredictionFlorida's sunny beaches and warm climate make it an enticing place to buy a home. However, there are downsides to homeownership in the Sunshine State that buyers should consider before taking the...

 

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