News

China City 'clarifies' policy on second-home purchases

People who have held Shanghai resident cards for more than three years are eligible to buy a second home despite their non-permanent residence status, a municipal housing official confirmed to local media for the first time, triggering market rumors that housing regulations would be eased in the city.

Madison Club is under construction for fans of Jeremy Lin

Madison Square Garden will provide more than $40,000 a seat for fans wanting to see Knicks and Rangers home game next season, according to the Wall Street Journal reported.

U.S. Mortgage Rates Rise to 3.95 Percent

U.S. 30-year fixed-rate mortgage rates rose to 3.95 percent in the week ending Feb. 23 from a record low of 3.87 in the previous week, Freddie Mac said.