First-time buyers losing out as home sales rise

Existing-home sales fell 0.6% in Mar from February.(Photo: Kevork Djansezian, Getty Images) U.S. home prices have risen for 14 loyal months, though one set of buyers has been increasingly on a sidelines: first-time home buyers. In May, first-time buyers accounted for 28% of existing-home purchases, down from 34% a year before and 36% dual years […]

Beijing, Shanghai Add to Home Curbs as China Acts to Cool Market

China’s largest cities, including Beijing and Shanghai, tightened manners on home purchases after the republic asked internal governments to step adult efforts to cool the property market. Beijing, a capital, criminialized single-person households from buying some-more than one chateau while Shanghai taboo banks from giving credit to third-home buyers, according to a local administration websites. […]