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Chinese Behemoth Property Developer Evergrande Declares Bankruptcy After Experts Blamed BlackRock for ‘Blowing Up’ China’s Real Estate Bubble

As of the conclusion of the prior year, the firm, with its linked enterprises holding assets in the U.S., declared outstanding liabilities amounting to $335 billion.

One of China’s Largest Real Estate Groups Posts Staggering $81 Billion Losses

China's real estate market is apparently collapsing.

Existing Home Sales Surge as Prices Fall for First Time in Over a Decade

Sales of previously owned homes in the U.S. rose in February as house prices dipped and mortgage rates continued to tick down.

More Parents Moving in With Adult Children Due To ‘Reverse-Boomerang Effect’

While the number of 25 to 34-year-olds moving back in with their parents has been rising since 2021, apparently, so has the reverse trend.

GDP Report Reveals Ominous Great Depression Warning Sign Not Seen Since 1932

The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.

China Records 1st Population Fall in Decades as Births Drop

China’s population shrank for the first time in decades last year as its birthrate plunged, official figures showed Tuesday, adding to pressure on leaders to keep the economy growing despite an aging workforce and at a time of rising tension with the U.S.

U.S. Suffering From the Second Biggest Home Price Correction of the Post-WWII Era

The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.

Double-Digit U.S. Home Price Growth Streak Skids to an End

Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday.

More Than 40 Percent of Americans Expect the Housing Market to Crash Next Year

A lot of consumers have a very gloomy outlook about the market due to news of mass layoffs, high inflation, and rising credit card debt, according to a new survey that shows 41 percent of Americans believe the housing market will crash next year.

Consumer Prices Rose 7.7% In October From a Year Ago, Core Inflation Eases

Consumer prices continued to climb in October as the pace of overall inflation held at the level hit a month earlier and underlying inflation excluding food and fuel slowed.

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