Investing

Existing home sales down in February

U.S. home resales dropped slightly in February to a 19 month-low as cold weather and a shortage of homes for sale continued to sideline potential buyers.

China reveals Urbanization Report, plans to build residential real estate to accommodate 100 million people

China's State Council revealed an urbanization report Sunday, saying it plans on building new transportation and infrastructure to accommodate more than 100 million people, mostly farmers, who will be moving into major cities as part of the country's modernization plan, according to several news reports.

Moise Emquies, fashion mogul, lists New York penthouse for $13.5 million

Moise Emquies, founder of the fashion brand Splendid, has listed his 5,256-square-foot triplex penthouse at 111 Jane Street, New York, for $13.5 million, reports Curbed.