Weakening demand is shrinking an imbalance with housing supply and likely means that price growth will slow sharply over coming quarters, economists led by Jan Hatzius said in a research note on Tuesday.
China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion funds with heavy credit losses.
New York State officials are betting on the return to the office with a large scale redevelopment around Penn Station, reports The New York Times. Forbes looks at U.S. cities where home prices are falling the fastest. These are among today’s must...
