Young people return to their parents’ homes in the US due to COVID-19


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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


This story originally appeared on Alto Nivel

By Antonio Sandoval

For the first time in nine decades , young adults have returned to parental homes at a rate not seen since the Great Depression era of the 1930s , according to an analysis by the Pew Research Center with data from the United States Census Bureau.

The obvious cause was the loss of job or decrease in income that the pandemic brought with it. According to the source, at the end of July the total number of young adults who lived with one of their parents or with both grew to 26.6 million , which meant an increase of 2.6 million compared to February , just before the devastating impact of the pandemic in the world’s

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Austrian Billionaire Due Big Payout After Real Estate Revaluation

(Bloomberg) — Austrian property billionaire Rene Benko and his outside investors are set for a big payout after his trophy-asset unit revalued assets to double net income.



René Benko talking on a cell phone: KITZBUEHEL, AUSTRIA - JANUARY 20: Austrian real estate tycoon Rene Benko attends the KitzCharityTrophy on January 20, 2018 in Kitzbuehel, Austria. (Photo by Sebastian Widmann/Getty Images)


© Getty Images
KITZBUEHEL, AUSTRIA – JANUARY 20: Austrian real estate tycoon Rene Benko attends the KitzCharityTrophy on January 20, 2018 in Kitzbuehel, Austria. (Photo by Sebastian Widmann/Getty Images)

Signa Prime Selection AG, which owns luxury retail sites including Berlin’s KaDeWe and Vienna’s “Golden Quarter,” plans to pay 201 million euros ($237 million) in dividends, the company said in a document on its closed-door shareholder meeting, which was filed to the Austrian company register. The payment is due by the end of 2020.



René Benko talking on a cell phone: Austrian real estate tycoon Rene Benko attends the KitzCharityTrophy on January 20, 2018 in Kitzbuehel, Austria


© Getty Images
Austrian real estate tycoon Rene Benko attends the KitzCharityTrophy on January 20, 2018 in Kitzbuehel, Austria

The bumper payout for last year’s results comes as the coronavirus crisis prompted other retail landlords like Unibail-Rodamco-Westfield, Europe’s biggest, to

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Lakeland’s ‘iconic’ swans for sale due to safety, reducing costs

Later this month, around 30 of the beloved swans at Lake Morton in downtown Lakeland, Florida will be for sale to the general public.



a swan next to a body of water


© Provided by NBC News


“The magic number that we try to keep our swans around is about 65, and we’re suspecting that we have got well over 80 right now,” Kevin Cook, director of communications for the city of Lakeland, told NBC News.

Cook said that swans have inhabited the lake since about 1923. However, after the last remaining swan had a run-in with an alligator in 1954, the lake was left swanless — until a concerned resident wrote to Queen Elizabeth of England asking for a donation of two of her swans.

The Queen agreed to donate a pair of her mute swans, and they arrived at Lake Morton in 1957.

Today, at least 80 mute swans reside in the densely-populated lake, raising

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Homes sold two weeks faster in September due to unusual surge in demand

  • It took just 54 days to sell a home in September. That is the shortest time since realtor.com began tracking this metric in 2016. Back then it took 78 days.
  • The median price of a home sold in September was $350,000, up just over 11% annually.



a person standing in front of a building: People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.


© Provided by CNBC
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.

Homebuyers hoping that a seasonal slowdown in the housing market would dampen rising prices can forget about it.

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More buyers piled into the fray in September, spurred by record-low mortgage rates and a pandemic-induced stay-at-home culture, pushing sales to an even faster pace.

In the first read on September

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Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 14.5% Senior Notes Due 2023

The MarketWatch News Department was not involved in the creation of this content.


BEIJING, Sept. 18, 2020 /PRNewswire via COMTEX/ —
BEIJING, Sept. 18, 2020 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the completion of its offering of US$300 million in aggregate principal amount of 14.5% senior notes due 2023 (the “Notes”).

The Notes are listed on the Singapore Exchange and were issued at the price of 100% plus accrued interest. The notes bear interest at a rate of 14.5% per annum.  

The Notes are guaranteed by certain of Xinyuan’s subsidiaries and secured by a pledge of the capital stock of certain of Xinyuan’s subsidiaries. Xinyuan intends to use the proceeds from the Notes offering to refinance certain offshore existing indebtedness and for general corporate

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Hanoi Old Quarter hotels up for sale due to Covid-19

Many hotels in Hanoi’s Old Quarter area are for sale due to big losses resulting from the Covid-19 pandemic.

An owner of a hotel chain in Hanoi’s Old Quarters area said that this was the biggest loss for his business to date. Since being affected by the pandemic, his firm has had to suffer losses of around VND10 billion (USD434,782).

The room price discount of a hotel in Hanoi’s Old Quarter.

Room occupancy rates have plummeted due to Covid-19, in some cases to zero percent, compared to 70-90% previously, he added.

He had to temporarily close two three-star hotels, leaving just one open. He and his relatives take turns to be receptionists and security staff to save costs. Room prices have also fallen by 70% to VND349,000 each.

At present, his hotel often receives a small number of visitors at weekends, he noted.

Meanwhile, another hotel owner Le Xuan Vinh

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Home Values Climb Higher Due To Limited Inventory

The housing inventory shortage this summer drove home values up 0.7% in August from July 2020, the biggest month-over-month increased in nearly seven years, according to Zillow’s Real Estate Market Report for August.

Additionally, the report revealed that home value growth increased last month in 48 out of the 50 largest markets in the U.S. According to Zillow, home values are up 5.1% in August, year-over-year.

One thing the rise in home values shouldn’t do is affect the ability of first-time home buyers to make down payments. While the value increases may be significant, in actual dollars the impact isn’t that painful.

“American home shoppers faced a historic shortage of listings to choose from this summer, and that scarcity is now reflected in rapidly appreciating home values after a sluggish start to the home shopping season this spring,” said Zillow economist Jeff Tucker. “Builders are racing to catch up with

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Real Estate Professionals Point to Sellers’ Market in Oregon, Florida and New York Due to Low Inventory, Interest Rates

Real Estate professionals from across the United States say that current real estate market conditions point to a seller’s market in most areas.

Across the United States, many Real Estate Brokers say that inventory is low, so now is an ideal time to sell. For buyers, it’s a good time to buy before prices escalate. Seven professionals offer their insights about preparing to buy or invest in real estate in their areas ranging from Oregon, Florida, and New York.

Leslie Purdy, Real Estate Profitability™ Author and Broker Associate at EXP Realty, LLC, in Melbourne, located in Broward County, Florida, said now is the time to prepare for homeownership and real estate investments.

Purdy said, “First, save your money and have at least six months of living expenses so that you won’t be anxious about your safety and security. Second, don’t make any major purchases unless necessary. Third, pay off your

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