China has started erecting temporary housing units after an earthquake destroyed 14,000 homes

Credit: IndiaTimes- Published on December 21, 2023
Hundreds of temporary housing units are being set up in northwest China for earthquake survivors. The earthquake destroyed over 14,000 homes and killed at least 135 people. Search teams are using excavators to dig out mudslides that have blocked roads and buildings. The prefab units are being erected in Meipo village, with 260...

Video credit: Wibbitz Top Stories
Published on December 20, 2023 -  01:30
US Housing Market Sees Temporary Surge as Mortgages Inch Lower
US Housing Market , Sees Temporary Surge , as Mortgages Inch Lower. 'Newsweek' reports that the United States housing market saw a surge in activity amid declining mortgage rates. At the same time, housing prices have reached their highest point since October of 2022. Last week, Redfin released a report indicating a steep increase in pending home sales and housing prices in November. According to Mortgage News Daily, this coincides with the drop in mortgage rates, which have ebbed back to 6.64%. In November, the median price of U.S. homes rose to $408,732, a 3.7% increase from 2022. The Redfin report also indicated that pending home sales had risen 2% month over month, reaching the highest level in a year. . A year ago, sellers had trouble understanding why they weren't getting $20,000 over the list price like their neighbor did during the pandemic homebuying boom, Shay Stein, a Redfin Premier real estate agent in Las Vegas, via 'Newsweek'. Now, they understand that to sell their home, they need to price it fairly and in some cases offer the buyer concessions like money toward closing costs or mortgage-rate buydowns, Shay Stein, a Redfin Premier real estate agent in Las Vegas, via 'Newsweek'. 'Newsweek' reports that despite increased activity, the Redfin report also found that 16.9% of home- purchase agreements in November were canceled. That cancellation rate was the highest its been since 2017

You are here


Related videos from verified sources

China Earthquake: Toll Climbs in Quake Tragedy, Rescuers Battle Harsh Conditions| Oneindia News 02:12
Credit: Oneindia - Published on December 20, 2023 


Pope Francis offers prayer for China earthquake victims 00:33
Credit: AFP English - Published on December 20, 2023 


China Earthquake: CCTV camera footage shows the moment 6.2-magnitude quake hit Gansu | Oneindia 03:01
Credit: Oneindia - Published on December 19, 2023 


You might like