Mortgage rates are falling despite the Federal Reserve’s reluctance to introduce new cuts over the past eight months, giving American homebuyers more purchasing power at a time when the market is slowly shifting in their favor. Last week, the 30-year fixed-rate mortgage—the most popular home loan in the nation—dropped to its lowest level since April….
Hong Kong lawmakers are calling for the expansion of pilot schemes to identify and support elderly residents living alone or with a spouse in ageing districts, following two recent cases in which skeletal remains were found in public flats in Kwai Tsing. Some legislators on Thursday highlighted existing gaps in the city’s social safety net…
SAN FRANCISCO (AP) — San Francisco is set to ban homeless people from living in RVs by adopting strict new parking limits the mayor says are necessary to keep sidewalks clear and prevent trash build-up. The policy, up for final approval by San Francisco supervisors Tuesday, targets at least 400 recreational vehicles in the city…
Hong Kong should avoid negative labels for certified subdivided flats as they provide accommodation to people from all walks of life, the housing minister has said, while stressing that a planned shake-up of standards will not drive up rents. In an exclusive interview with the Post, Secretary for Housing Winnie Ho Wing-yin also said temporary…
Once designated a quarantine facility during the Covid pandemic, a sprawling site in southern Kowloon, Hong Kong, is set to be home to a youth hostel for thousands of young people, as the city deals with a housing crisis. The project in Kai Tak, named Runway 1331 – after a former airport on the site…
Kobe Chung Hao-yin and girlfriend Mandy Chung Man-kei have taken a step closer to being able to get married after moving into a youth hostel following months of searching for affordable housing in Hong Kong. Kobe Chung, a 24-year-old working in the engineering sector, and Mandy Chung, also 24, earn a combined salary of about…
After a muted few days for the market, investors in the week ahead will grapple with the fallout of the United States’ decision to enter Israel’s war with Iran. Here’s a closer look at the five big things we’re watching in the market in the week ahead. 1. Geopolitics: President Donald Trump said Saturday night…
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Sanjay’s 13-year-old daughter had just stood up to make food when the living room ceiling crashed down where she had been sitting. It was the third ceiling collapse in their east London flat – and it nearly…
Hong Kong’s housing authorities have suspended a 8,300 public flat development in a northern town due to the suspected high costs of building on deep rock strata, a move lawmakers said showed serious failure at the initial planning stage. The legislators urged authorities on Sunday to invest more resources in land exploration to avoid such…
Hong Kong will begin replacing a 400-metre (437 yards) section of water pipe lined with bitumen this year before carrying out citywide work, as it is believed to be the source of black particles dirtying the water at two public housing estates. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the government would…