China took fresh measures Thursday to curb overly rapid rises in property prices, raising minimum downpayment levels and mortgage rates for certain home buyers. The new rules, announced by the State Council, China’s cabinet, come after urban property prices surged by nearly five-year highs last month. They show while Beijing is more confident in the strength of the country’s economic recovery, it is concerned about the economic and political risks associated with increasingly unaffordable housing prices, analysts say.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]