Evergrande & Sunac Restructure With Country Garden On Deck

Week in Review

  • China’s better-than-expected economic release this week failed to lift markets as most Asian equity markets closed lower on the week.
  • The Biden Administration added to the types of semiconductors that US companies and those using US-developed technology are unable to export to China, though most global chipmakers reported that they expected a small impact from the expanded list and continue to see target China for future growth.
  • Buybacks continued to increase this week with 10 state-owned enterprises (SOEs) announcing new buybacks or increases in their buyback programs while internet giant Tencent has bought back nearly $4 billion worth of its own stock so far this year.
  • Electric vehicle giant BYD guided for its Q3 net income to nearly double.

Key News

Asian equities ended an off week lower as 10-Year US treasury yields temporarily rose above 5% during Asia trading hours following Powell’s press conference

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8 Inexpensive Home Exterior Improvement Ideas to BoostYour ROI

From first dates to job interviews, first impressions play a significant role. Naturally, that also goes for real estate. For prospective buyers, a striking home exterior is what first catches their eye, even before they see the house in person. Consider the amount of time prospective buyers spend cruising real estate sites like Zillow. A home’s exterior is likely to be the main photo, and that can determine whether they’re willing to click on the listing. “If we are able to create a home with good curb appeal, we usually use the exterior shot as our lead in photo galleries and marketing materials,” says Sarah Maguire, senior vice president at the Aranson Maguire Group at Compass in Boston. “That’s how important it is!” 

Research proves it: According to Remodeling’s 2022 Cost vs. Value Report, the majority of projects that provided the best return on cost were actually

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Ultra-Luxury Property Investment In Hong Kong

Ultra-Luxury Property Investment In Hong Kong

Setting the example of an affluent residential area Mid-Levels in Hong Kong showcases amazing properties that uplift the style of elite homes. The sight of the location is extravagant because Mid Levels is nestled between the picturesque Victoria Peak and the busy Central. The locality is a combination of wealthy expatriates and rich locals. The disposable income and lifestyle evolution rose rapidly which contributed to the increase in demand for luxuries. The most sought-after component has been an elite or ultra-luxury home investment. Although there is a massive fluctuation in this sector, especially after the pandemic there is still high demand in the market. Hong Kong is known for well-equipped magnificent villas and apartments of which the mid levels west for sale is something to check out for home buyers.

The Mid Levels is one prominent place that is an aspiration for settlers because the luxury homes are a delight … Read the rest

Home Depot vs. Lowe’s: Battle Of The Home Improvement Chains

Winner of the boxing fight


This article was coproduced with Mark Roussin.

Not long ago, the housing market was once the darling of the US economy. It was an unstoppable force, with sellers making money hand-over-fist in ever-rising amounts.

Now things are beginning to soften – though notice I didn’t say “decline” or “weaken.” Only “soften.”

That might sound surprising considering our current situation, with red-hot inflation, weakening job stats, and what looks like an oncoming recession. And indeed, buyers are becoming more hesitant to sign on the dotted line.

Those who do have been canceling them at the highest rate since early 2020. In the month of June alone, 15% of all homes that went under contract were apparently canceled.

Homebuyers are canceling deals at the highest rate


As for supply, it has been historically low – part of the reason prices have been so high. And while we were seeing a consistent uptick in supply for a bit there…

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