WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating. The National Association of Realtors on Monday said its pending home sales index rose 3.1 percent last month. Economists polled by Reuters […]
Chinese billionaire Guo Guangchang’s Fosun International Ltd. is weighing a bid for commercial property broker Cushman & Wakefield Inc., people with knowledge of the matter said. The Shanghai-based investment firm is among several companies that have expressed interest in Cushman, whose owners are seeking about $2 billion, according to the people. The process is at […]
After two years of slim pickings for Southern California home buyers, the supply of houses for sale may be starting to open up, at least a bit. And that could power the region’s housing market to a stronger spring. Market watchers and real estate agents say they’re starting to see more sellers as prices remain […]
The continuous need for more housing is one of the few things most French politicians seem to be able to agree on. Both the Socialist Party and the centre right UMP argue that France needs to build at least 500,000 new homes every year. That quota is never quite reached, but the idea still remains […]
