News

Oprah is selling her Chicago condo for $2.8M

Now you can live like Oprah, literally. Oprah Winfrey has put up her eight-room, 4,607-square-foot Streeterville, Chicago co-op unit on the market on Tuesday for $2.8 million, half of what she paid for the unit in 2006.

30-year mortgage rate at another record low

Mortgage rates dipped slightly lower, setting another all-time record for interest rates on the 30-year fixed-rate mortgage on Thursday, according to the latest data released Thursday by Freddie Mac.

Chinese developers face survival test as funding crunch intensifies

The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real-estate builders facing spiking borrowing costs and a limited ability to raise cash at a time when sales and economic growth are slowing.