Faced with stiff competition in the U.S. housing market over the last year, home buyers upped their down payment to reach a record of $66,000 in May, according to a Read more
Tag: Cities
China’s Central Bank Gives Cities Room to Lower Mortgage Rates
China’s central bank is giving local governments leeway to lower mortgage rates for first-time home buyers, in a bid to shore up the nation’s slumping real-estate market. The People’s Bank Read more
Pandemic benefits may have helped improve equality in dozens of cities: analysis
Pandemic stimulus benefits and a tight labor market that boosted workers’ wages may have helped increase income equality in big cities across the U.S in 2020, according to a new Read more
Home values fell in August, the largest monthly decline since 2011. Some cities see house prices drop by 3%.
Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in Read more
Lyft to sublease its office space in four cities because of remote work
Lyft Inc. said Tuesday that it will sublease nearly half of the office space in its corporate offices in four cities because many of its employees are on flexible working Read more
More people are looking to move cities in search of cheaper housing, Redfin report says
New user data from Redfin reveals that a record share of users were looking to move from one city to another in July, many in search of cheaper housing. Home Read more
McDonald’s set to reopen in some cities in Ukraine — report
McDonald’s Corp. is set to reopen some of its restaurants in Ukraine, according to a news report. The fast food chain, which closed its restaurants in the country following Russia’s Read more
Baidu Gets Approval for Autonomous Ride-Hailing Services in Two Chinese Cities
By Raffaele Huang SINGAPORE–Baidu Inc. has received approval from two Chinese cities to charge passengers for its ride-hailing service operated without a driver or safety person in the vehicle, the Read more
The macro storm is impacting consumers very differently: ‘A little bit of a tale of two cities’
The macroeconomic storm is playing out as a tale of two consumers, if recent earnings reports are any indication. While various consumer-oriented companies have indicated pressures on lower-end buyers that Read more
Here are 20 of the best U.S. cities to live in 2022, and they are attracting big waves of young people
For the last nine years, Livability editors and data scientists have combined our great love of cities and data to create our annual ranking of the top 100 best places Read more