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Tag Archives: Real estate

Chinese buying interest has surged in recent years

Prachanart Viriyaraks | Getty Images The Wat Saket (Golden Mountain) and Bangkok Grand Palace in Bangkok, Thailand. Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. That underscores the Southeast Asian nation’s enduring popularity with the Chinese — …

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Bystanders of Sears’ downfall will get their day in court Monday

For more than a decade, billionaire Eddie Lampert was arguably able to run Sears like his kingdom. The hedge fund titan who combined Sears and Kmart in 2005 led Sears Holdings as its chairman, CEO and largest investor. The company had public shareholders and a board of directors, but Lampert …

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Brooklyn neighborhoods stay hot as New York’s real estate market cools

New York City’s real estate market has been cooling, and a side effect of that is the gradual nudging down of rental prices in hot neighborhoods. In Brooklyn, which for years has seen torrid growth and soaring rents, the average rent has fallen year over year, according to data from …

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Demand for apartment rentals surges unexpectedly as home sales slump

Surging demand and strong occupancy in the nation’s apartment market is “surprising” experts who say the continued strength is “unexpected.” Just a year ago, as dozens of cranes swarmed over major U.S. cities, there was concern that the rental apartment market was overheated and overbuilt. Apartment absorption, which is the …

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Student loan burden barring millenials from home ownership: Study

For millennials without a college degree, the odds of having enough money to purchase a home are even lower. Just six percent say they’re able to save enough for a down payment in five years, the study revealed. Apartment List’s findings echoed separate studies illustrating how the student debt overhang …

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Russian Raiffeisen Bank Branch Issues Digital Mortgage Using Blockchain

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A Russian subsidiary of Raiffeisen Bank International has issued an electronic mortgage using local blockchain platform Masterchain, local business newspaper Kommersant reports Monday, September 24. The document containing data on the parties in the transaction, the credit loan and its duration, and the property purchased was published in a decentralized …

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US July new home sales fall to 9-month low

Joe Raedle | Getty Images Diego Perez works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida.  Sales of new U.S. single-family homes unexpectedly fell in July to a nine-month low in a sign the housing market was cooling and could give less support to the …

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Hong Kong home prices are expected to fall

Investment bank Nomura in a report earlier this month said that banks have started raising mortgage interest rates and noted that during the past two rounds of such increases since 2008 property prices dropped by five percent and 13 percent, respectively. Higher rates make it harder for homeowners to pay …

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Steady interest rates bring mortgage volume back to life

Mortgage borrowers came back to the table last week to refinance and to purchase homes, after their numbers fell for most of the past month. Total mortgage application volume rose 4.2 percent last week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was still 15 percent lower compared …

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Toll Brothers shares surge after lifting its revenue forecast as home sales and prices rise

U.S. luxury homebuilder Toll Brothers on Tuesday topped Wall Street estimates for quarterly profit and raised its yearly revenue forecast, as stronger housing demand helped it sell more homes at higher prices. Toll shares rose 8 percent in premarket trading following the news. The company now expects full-year revenue of …

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