U.S. pending home sales unexpectedly rise in May
Contracts to purchase previously owned U.S. homes rose by the most in 11 months in May driven by a decline in mortgage rates as well as an uptick in listings.
Unliveable Sydney homes going for millions in Australia housing boom
Sydney houses with crumbling walls, shredded ceilings, and bathrooms and kitchens stripped of fixtures are getting snapped up for millions as buyers try to grab a slice of Australia’s soaring property market.
U.S. manufacturing, new homes sales underscore booming economy
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
