The company did not elaborate on what were the crimes, or what measures were taken against chairman Hui Ka Yan.

Shares of Chinese real estate giant Evergrande have been suspended, Hong Kong's exchange announced Thursday.

Daniel Hunt, realtor with Keller Williams, joins 'Power Lunch' to discuss high demand in the Dallas housing market, the impact of high mortgage rates, and more.

Higher interest rates, tightening credit conditions, and elevated office vacancies are weighing down the $21 trillion commercial real estate sector.

London's office market is in a "rental recession," Jeffries said, reporting that vacancies in the capital's business hubs had hit a 30-year high.

Applications for a mortgage to purchase a home fell 2% for the week and were 27% lower than the same week one year ago.

Sales of newly built homes dropped as mortgage rates jumped.

Raunaq Singh, Roam founder and CEO, joins 'Power Lunch' to discuss how his company takes advantage of assumable mortgages to undercut high mortgage rates.

Higher mortgage rates and lower inventory levels are hitting homebuyers hard.