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27.07.26 - 08:00
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Hong Kong home sales recovery expected to boost developers′ earnings (SCMP)
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Hong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sector's recovery is sustainable.
Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit growth of 8 per cent year on year, excluding New World Development, according to a report published on July 15.
“We expect the Hong Kong......
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27.07.26 - 04:30
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Demand For "Squatter King Removal" Erupts As Maryland′s Left-Wing Housing Utopia Backfires (ZeroHedge)
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Demand For "Squatter King Removal" Erupts As Maryland's Left-Wing Housing Utopia Backfires
A Baltimore-area contractor operating under the names "Squatter King Removal" and/or "Eviction King" has emerged as one of the premier, go-to property recovery services. This reflects a growing enforcement gap in Maryland, a one-party-ruled state controlled by the Democratic Party.
Years of expanding tenant protections and slow civil court procedures have weakened landlords' ability to regain possession quickly, creating an opening for organized squatter gangs who use fraudulent leases to occupy properties throughout the Baltimore metro area.
Fox Baltimore reporter Gary Collins interviewed Sanchez Deandre "Mikey" Lewis, who has built a business removing squatters.
Mikey, also known on the street as "Eviction King," charges landlords about $2,000 for his service, which includes removing doors and windows, towing vehicles, and restricting access in a full...
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24.07.26 - 17:57
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US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows (ZeroHedge)
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US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows
With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly.
New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline.
However, this bounce was not enough to get annual sales positive (still down 5.6% YoY)...
Overall, new home sales have really gone nowhere for four years (but on the bright side, they are not as bad as existing- and pending-home-sales)...
It seems lower mortgage rates (admittedly having risen for the last month) did nothing to help move new home sales, and now they are on the rise again...
Median new home prices dropped for the second month in a row, back near their lowest levels since 2021...
The declin...
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