News

Miami Home Prices Post Strong Gains for Third Consecutive Month

For the third consecutive month, Miami home prices posted strong gains in February. The median sales price of condominiums in the Miami-Dade County surged 40.4 percent to $131,950 in February compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes rose 19 percent to $175,000.

More Americans Move to Cities in Past Decade : Census

More Americans are living in cities now than a decade ago, according to U.S. Census data released on Monday.

China Banking Outlook: Profits Marred By Bad Loans

After years of strong growth, China's biggest banks could face a slump in 2012. Analysts warned that an economic slowdown could trigger defaults by real estate developers and the increase in bad loans would erode Chinese banks' profitability this year.