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10.07.26 - 13:18
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Hong Kong keeps tight grip on housing land supply despite property rebound (SCMP)
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Hong Kong's government will release just one residential site for sale in the July to September quarter, maintaining a cautious approach even as the housing market rebounds, while officials argue that supply from other channels will keep the city on track to meet its housing targets.
A 5,170-square-metre (55,649 sq ft) site on Fat Kwong Street in Ho Man Tin, Kowloon, will be offered through tender in the second quarter of the 2026-27 financial year, according to Development Secretary Bernadette......
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09.07.26 - 16:12
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US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows (ZeroHedge)
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US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows
After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June.
However, that was not to be with US existing home sales tumbling 2.4% MoM in June (although May was revised up to a +3.7% MoM gain from +3.2%). That slowed the annual improvement in sales to +2.75% YoY...
Overall, existing home sales SAAR remains just off record lows...
“The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,” NAR Chief Economist Lawrence Yun said in a statement. But recent job gains will continue to provide support to the housing market, he added.
NAR's Housing Affordability Index, which measures whether typical families can qualify for a mortgage for a median-priced home, has improved somewhat from a year ago but is at its lowest since August 2025.
In...
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09.07.26 - 08:54
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UK housing market downturn eases but sentiment remains ′fragile′, surveyors say – business live (The Guardian)
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Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce backIpek Ozkardeskaya, senior analyst at the financial group Swissquote, has summed up the flare-up in Middle East tensions, and looked at the implications.Donald Trump declared the ceasefire over, and the US continued bombing Iran last night. Washington also revoked the recent easing of Iranian sanctions, meaning that Iran will not be able to sell the tens of millions of barrels currently at sea, while Tehran said it will launch a “large-scale retaliatory” operation against US bases across the Gulf region, she notes. Meanwhile, Russia is limiting some energy exports to avoid domestic shortages amid Ukrainian attacks on Russian energy facilities.What a wonderful world.The latest turn of events in the Middle East has reversed the short-term bearish outlook for oil prices. US crude has risen as much as 13% since last week's dip and is now testing the $75 a barrel level to the upside, with an increasing possibility of the barr...
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09.07.26 - 07:42
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The rapid rise of housefishing: are AI-enhanced property listings helpful – or sinister? (The Guardian)
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From repainted walls to imaginary lawns, estate agents say modified photos help buyers 'visualise the potential of a property'. But how much AI enhancement is too much? Agents, viewers and trading standards experts tell allIt is twilight on a desirable street in Chiswick, or it could be Hampstead, Wilmslow or Hove. A spectacular sunset has left a vivid stripe of orange fading into a violet sky. Against this saturated backdrop, a large Victorian house is clearly outlined despite the darkening atmosphere, perhaps thanks to the lights blazing from every single room. The effect is dazzling, in an unhinged, halfway-through-an-exorcism way. It is also quite obviously fake: a digital trick previously achieved with software such as Photoshop, but increasingly using quicker, cheaper AI programs.If you are one of the many Britons for whom browsing expensive property listings is a big pastime, you'll be familiar with the dusk shot, one of the many ways estate agents try to make their wares stand out in the endles...
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