Newly opened Sohna elevated road to boost real estate markets of Gurugram

Gurugram (Haryana) [India], July 28 (ANI/NewsVoir): The 22-kilometer Sohna elevated expressway was made accessible to traffic. Travelers now have access to a segment of the elevated route connecting Subhash Chowk and Badshahpur. From Gurugram and Sohna, the development is believed to reduce road congestion and travel times. Through an entrance at Alipur, the raised main … Read more

China’s real estate crisis will cause a more severe downturn in iron ore prices: Goldman Sachs

A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Sachs analysts warned this week. The iron ore market is on track to see 67 million tons of excess supply over the remainder of 2022, … Read more

China’s real estate crisis will cause a more severe downturn in iron ore prices: Goldman Sachs

A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Sachs analysts warned this week. The iron ore market is on track to see 67 million tons of excess supply over the remainder of 2022, … Read more

The cities where home prices are poised to drop in the next couple of years, according to one expert

Mortgage rates are cooling off after rising sharply. But expect home prices to start slowing, and even dropping, in some of the most overheated markets in the country over the next couple of years. With the average on the 30-year fixed-rate mortgage at 5.7%, some would-be buyers are spooked by the higher borrowing costs and … Read more

Americans are growing ‘increasingly frustrated’ with the economy and gloomy about the housing market, Fannie Mae survey says

Both prospective homebuyers and sellers are feeling increasingly annoyed by the housing market and the economy, according to a new survey. Their frustrations were registered by the Fannie Mae Home Purchase Sentiment Index, which dropped by 3.4 points in June to 64.8. That’s the second-lowest reading in a decade. Consumers surveyed were pessimistic about home-buying … Read more

‘Prices may dip’ in some markets: 5 economists and real estate pros on what to expect from this ‘in transition’ housing market

What’s going on with the housing market now? Getty Images Although mortgage interest rates have been slowly ticking up — with some pros saying we may see more of that (you can see the lowest mortgage rates you can get here) — summertime homebuyers have likely noticed that housing price growth doesn’t seem to be … Read more