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...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
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...Overall, mortgage origination is forecast to drop more than a third to $2.5tn this year, says the Mortgage Bankers Association....
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...A version of this article was first published by Nikkei Asia on August 5 2022. ©2022 Nikkei Inc....
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...Russians, say brokers, favour condominiums in new buildings, like the former Time Warner Center, avoiding the intrusive reviews conducted by the co-operative boards in older buildings....
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