In our latest roundup, nonresidential construction increases, Redfin settles lawsuits, overseas real estate becomes more lucrative than domestic real estate, and more!
- High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — show similar signs to the 1970s when the housing market stagnated, and the decade itself became synonymous with stagflation. (Gabriella Cruz-Martinez, Yahoo)
- American investors have figured out that buying property overseas can be both affordable and lucrative, with some countries offering “golden visas” to foreign investors who make large real estate investments in their country. (Jordan Rosenfeld, Yahoo)
- Nonresidential construction spending ticked up 0.2% in March to a seasonally adjusted annual rate of $1.19 trillion. (Sebastian Obando, Construction Dive)