Real Estate News

U.S. corporate bond sales soared 31 percent this month, the busiest July on record, as yields fell to the lowest in more than six years on growing investor confidence in the economic recovery.

Mitsubishi Estate Co. , Japan’s second-biggest developer, said first-quarter profit fell 30 percent on declining home sales.

China’s housing prices, which have tripled in major cities in the past 10 years, face a “meaningful correction” in the next year or two, according to a paper from the U.S. National Bureau of Economic Research.