Real estate
Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest
Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images The U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it. Sales of luxury homes dropped 45% during the three […]
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A 50% rent maximize? Record house demand from customers in Dubai is developing a nightmare for some citizens
Aerial perspective of the Dubai Marina. DUBAI, United Arab Emirates — Demand from customers for property in the United Arab Emirates’ glitzy industrial money of Dubai strike a document large for the first two months of 2023, genuine estate providers company CBRE revealed in a report revealed Thursday. In February on your own, Dubai’s residential […]
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Hong Kong’s post-pandemic recovery pattern is ‘encouraging’: MTR CEO
ShareShare Short article by way of FacebookShare Short article through TwitterShare Post by way of LinkedInShare Report via E-mail Hong Kong’s railway ridership sees a ‘fast recovery’ as the metropolis reopens boarder with Mainland China following 3 years of pandemic, states MTR CEO Jacob Kam. Resource
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A look inside a $22.5 million Miami condo with insane luxury amenities
This $22.5 million condo in Miami spans 6,200 square feet with four bedrooms and five and a half baths. But perhaps more impressive than what comes inside those four walls is the mind-blowing list of over-the-top amenities that comes with it. The luxury condo is situated on the 48th floor of the Turnberry Ocean Club […]
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Mortgage demand recovers slightly, despite rising interest rates
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher. Total mortgage application volume rose 7.4% last week, according to the Mortgage Bankers […]
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Industrial serious estate has a ‘shock coming’ as return-to-place of work options drop shorter, CEO says
The discussion isn’t about returning to the office, Mark Dixon, IWG CEO, explained to CNBC. Bloomberg / Contributor / Getty Illustrations or photos You can find a “shock” coming for the business actual estate sector, but the chances ahead are substantial, in accordance to Mark Dixon, CEO of versatile place of work corporation IWG. Technologies […]
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Mortgage rates jump back over 7% as inflation fears drive yields higher
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic […]
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Significant fears are sweeping into Israel’s economic climate
Hundreds of anti-Netanyahu protesters gathered on Wednesday outdoors a hair salon following the key minister’s wife, Sara, was noticed at a hair salon nearby. Photo Alliance | Picture Alliance | Getty Images New problems about Israel’s financial system are main global investors to dilemma the funds they have in the place. Massive protests have intensified […]
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Mortgage demand from homebuyers drops to a 28-year low
A potential buyer with her realtor view a home listed for sale during an open house in Parkland, Florida. Carline Jean | Tribune News Service | Getty Images Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications […]
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Black real estate developers get rare access to big capital through Philadelphia program
Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and private equity in particular – are the dominant players. Black developers often don’t have exposure to those […]
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