A U.S. affiliate of Mexican consumer-finance giant Crédito Real is marketing a rare subprime auto bond backed by unconventional collateral including loans to recently bankrupt consumers and undocumented borrowers.
U.S. housing starts rebounded sharply in March to the highest since 2006, exceeding forecasts and indicating residential construction is getting back on track after a winter storm-related setback.
Salt Lake City, Pittsburgh and Boise, Idaho, are the most competitive housing markets in the U.S., where buyers rarely escape without facing a bidding war.
China’s home prices grew at the fastest pace in seven months in March as a fear of missing out among buyers persisted in a traditionally fast season for sales.
Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.
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