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Once the West Coast's crown jewel, San Francisco's real estate market is crashing
nypost.com/2024/04/23/real-estate/san-franciscos-real-estate-market-is-crashing/
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
North America Construction Outlook: Politics And Policy Rates Test The Sector's Resilience
think.ing.com/articles/north-america-construction-outlook-resilience-tested-by-politics-policy-rates/
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The cost of buying a home has hit an all-time high: It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate ...
thehill.com/business/4620542-the-costs-of-buying-a-home-has-hit-an-all-time-high-report/
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
US pending home sales jumped in March, beating expectations by a mile: Home sales based on contract signings jumped in March despite elevated mortgage rates that ...
cnn.com/2024/04/25/economy/us-pending-home-sales-march/
Hot Tips for Home Buyers and Sellers Right Now: Real estate looks to be especially hopping this spring, thanks to pent-up demand and buyers adjusting to higher ...
kiplinger.com/real-estate/hot-tips-for-home-buyers-and-sellers-right-now
Golden Visa Programs, Once a Boon, Lose Their Luster: Spain is the latest European country to end its program, which brought in billions of euros from real ...
nytimes.com/2024/04/21/business/golden-visa-spain-europe-housing-crisis.html
Today’s American Dream Is Renting, Not Buying. This Expert Agrees: Some people rent because they can't afford to buy a home. Others do it simply because ...
cnet.com/personal-finance/mortgages/advice/todays-american-dream-is-renting-not-buying-this-expert-agrees/
Taxi driver won lottery six weeks ago – but hasn't seen a penny due to new rule: Ray Laird from Bootle, Merseyside, has been playing the National Lottery for 30 ...
mirror.co.uk/news/uk-news/i-won-national-lottery-six-32571231
Tokyo-area condo prices hit record high for third year in a row: In central Tokyo's 23 wards, the average condo price rose 5.7% to ¥104.64 million ...
japantimes.co.jp/business/2024/04/19/tokyo-condo-price-record-high/
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
Housing experts say there just aren't enough homes in the U.S.: The United States is millions of homes short of demand, and lacks enough affordable housing units ...
npr.org/2024/04/23/1246623204/housing-experts-say-there-just-arent-enough-homes-in-the-u-s
Huge Disparity In These 2 REITs: We're looking at two REITs with similar portfolios and a 20% difference in valuation. Explore more details here.
seekingalpha.com/article/4683425-huge-disparity-in-these-2-reits
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Housing experts say there just aren't enough homes in the U.S.: The United States is millions of homes short of demand, and lacks enough affordable housing units ...
npr.org/2024/04/23/1246623204/housing-experts-say-there-just-arent-enough-homes-in-the-u-s
First-time buyers face toughest test for 70 years, lenders say: First-time buyers depend on two high incomes or parental support, the Building Societies ...
bbc.com/news/articles/c87zgx42m5go
Empty SF office tower at 995 Market St sells at near 90% discount: An empty San Francisco office tower in the Mid-Market neighborhood at 995 Market Street ...
sfchronicle.com/realestate/article/s-f-tower-sells-90-discount-19418186.php
The Hidden Costs of Homeownership Are Skyrocketing: Rising insurance premiums, property taxes and maintenance costs show little sign of abating ...
wsj.com/economy/housing/housing-affordability-taxes-insurance-costs-rise-bca64df1
Chris Pratt and Katherine Schwarzenegger face backlash after demolishing a historic home to build a mega-mansion
nypost.com/2024/04/22/real-estate/critics-rip-chris-pratt-for-tearing-down-beloved-la-home/
Quick Glance: Controversy Surrounding Demolition of Historic Home in LA
- Actor Chris Pratt and his wife Katherine Schwarzenegger face backlash for demolishing a historic home to make way for a massive mansion.
- The 1950 Zimmerman house designed by Craig Ellwood with landscaping by Garrett Eckbo was purchased for $12.5 million and torn down.
- Despite being a potential historic site, the house was demolished to make room for a modern farmhouse, sparking regret and criticism from architecture enthusiasts.
- The Los Angeles Conservancy and Eichler Network raised concerns and lamented the loss of the architectural gem, while designers and Mid-Century architecture fans expressed frustration over the demolition.
UAE: Indians, Pakistanis among top investors in Sharjah property - News | Khaleej Times
khaleejtimes.com/uae/indians-pakistanis-among-top-investors-in-sharjah-property
Mortgage rates reach new high for 2024: Our frozen housing market may not unthaw this spring due to lack of affordability.
axios.com/2024/04/24/mortgage-rates-high-april-2024
South Poorton: Historical coins found under floor sell for £60,000: The cache of more than 1,000 gold and silver coins was found during renovation work at a ...
bbc.com/news/uk-england-dorset-68885685
The best time to sell your home in the US is now: If you are selling a home in the U.S., you may wonder when to put it on the market and get the best price.
reuters.com/markets/us/best-time-sell-your-home-us-is-now-2024-04-15/
U.S. housing market paralyzed by lock-in effect | Analysis: For homeowners not looking to move anytime soon, the low rates they secured will benefit them for ...
nytimes.com/2024/04/15/upshot/mortgage-rates-homes-stuck.html
The $1.6 Billion Quest to Build America’s Tallest Skyscraper in…Oklahoma: A developer plans a 1,907-foot tower overlooking sprawl and farmland ...
wsj.com/us-news/oklahoma-skyscraper-americas-tallest-eaae69d2
Home owners likely to pay higher mortgage rates for a while more, say market watchers
channelnewsasia.com/singapore/homeowners-higher-mortgage-rates-property-real-estate-interest-rates-finance-federal-reserve-4266046
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
- Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.
- Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.
- Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.
- Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case: Truong My Lan received the death penalty as Vietnam’s Communist Party cracks down on ...
nytimes.com/2024/04/11/world/asia/vietnam-lan-fraud-death-sentence.html
Quick Glance: Death Sentence for Real Estate Tycoon in Vietnam's Largest Fraud Case
- Truong My Lan, a prominent businesswoman and real estate tycoon, was sentenced to death in Vietnam's largest financial fraud case, marking a shocking development in the country's escalating anti-corruption campaign.
- Born in 1956, Lan founded the Van Thinh Phat company with her family in 1992, which grew to become one of Vietnam's richest real estate firms linked to some of Ho Chi Minh's most valuable properties.
- She was accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of 'ghost companies' in Vietnam and abroad to give loans to herself and her allies.
- Her arrest in October 2022 falls within a period of increased anti-corruption efforts in Vietnam ramping up since 2022, impacting the country's economic outlook and unsettling foreign investors.
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass: Court records, mistakenly made public, tell a story about the birth of ByteDance ...
nytimes.com/2024/04/18/business/tiktok-bytedance-jeff-yass.html
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
Money latest: Four big lenders hike mortgage rates amid interest rate uncertainty
news.sky.com/story/money-latest-consumer-personal-finance-mortgages-13040934
5 ‘Dream Bathroom’ Upgrades That Homeowners Tend to Regret: Luxe bathroom trends, from zellige tiles to vessel sinks, seduced these homeowners and interior ...
wsj.com/style/design/bathroom-upgrades-homeowners-regret-1d921e72
Renting vs buying: More renters say homeownership is out of reach, Redfin reports
axios.com/2024/04/12/rent-mortgage-housing-affordablity-report-redfin
Mortgage price war breaks out as another lender cuts its rates: A mortgage price war has broken out as a new Spanish banking giant is set to enter the market ...
independent.ie/business/personal-finance/mortgage-price-war-breaks-out-as-another-lender-cuts-its-rates/a2046517416.html
Jordan van den Berg: The 'Robin Hood' TikToker taking on Australian landlords: Jordan van den Berg's vigilante-style approach has won him fans and critics amid a ...
bbc.com/news/world-australia-68758681
Sick of Your Blue State? These Real Estate Agents Have Just the Place for You.: Agents in South Carolina, the fastest growing state in the country last year ...
nytimes.com/2024/04/18/us/greenville-real-estate-conservatives.html
I had stable finances until I bought a house -- now I'm in deep debt: A TikToker named Samantha Barker was in good financial standing, until buying a house ...
nypost.com/2024/04/16/real-estate/homeownership-has-me-drowning-in-debt/
PDI: 14% Dividend Is Not Enough: The PIMCO Dynamic Income Fund offers a high dividend yield but falls short in terms of total returns and carries substantial ...
seekingalpha.com/article/4683493-pdi-14-percent-dividend-is-not-enough
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Rosie O’Donnell relists her NYC triplex penthouse -- for a loss: The former talk show host has put her Manhattan apartment at 255 E. 49th St ...
nypost.com/2024/04/16/real-estate/rosie-odonnell-relists-her-nyc-penthouse-for-a-loss/
Millennial moved from Florida to southern Portugal for a better life: Andrew Ibrahim was tired of Florida, and worried about what it was turning into ...
businessinsider.com/millennial-moved-florida-southern-portugal-better-life-2024-4
No mortgage? No worries: Melbourne property buyers pay cash instead: Some investors have been deterred by higher taxes, but others are snapping up properties in ...
theage.com.au/property/news/no-mortgage-no-worries-melbourne-property-buyers-pay-cash-instead-20240325-p5ff3t.html
Rockford Is Now America’s Top Housing Market After an Improbable Turnaround: The Illinois metro area, west of Chicago, was one of nearly a dozen in the Midwest ...
wsj.com/real-estate/rockford-illinois-housing-market-rankings-realtor-d304570c
This Luxurious Paris Apartment Was Originally Built for a French Noble: A couple renovated three separate apartments in a historic “hôtel particulier” and an ...
wsj.com/style/design/this-luxurious-paris-apartment-was-originally-built-for-a-french-noble-cc6ce349
Arizona cares about hockey. The problem is the Coyotes care about real estate: Letter to the editor: The problem with the Arizona Coyotes isn't the fans ...
azcentral.com/story/opinion/letters/2024/04/17/arizona-coyotes-owner-cares-more-real-estate-hockey/73345984007/
Tagovailoa brothers are ‘dreammates’ in NFL Draft ad: Taulia Tagovailoa is hoping to join his older brother in the pros.
al.com/sports/2024/04/tagovailoa-brothers-are-dreammates-in-nfl-draft-ad.html
I got a loan modification and ended up with a 52-year mortgage. Is this normal? : ‘I found out last year, after talking to a few people who have also done a ...
marketwatch.com/story/i-couldnt-pay-my-370-000-mortgage-so-i-applied-for-a-loan-modification-now-i-have-a-52-year-loan-is-this-normal-0dd5efb5
Should we use savings to pay down mortgage or invest in shares?: Once you get to the point where your mortgage isn’t weighing you down, you can explore other ...
smh.com.au/money/borrowing/should-we-use-savings-to-pay-down-mortgage-or-invest-in-shares-20240416-p5fk5p.html
Small California home size of hotel room hits market for $1.7M: Located at the end of a quiet, residential cul-de-sac in Cupertino, the home is overlooked by ...
nypost.com/2024/04/13/real-estate/california-home-size-of-hotel-room-on-the-edge-of-silicon-valley-hits-market-for-1-7m/
Picking a Jury to Try Trump, and What’s Next for Iran and Israel: Plus, the mortgages keeping people stuck in their homes.
nytimes.com/2024/04/15/podcasts/trump-trial-mortgage.html
Adam Neumann shares new details on how he wants to transform apartment living: In an exclusive, Neumann shares why he believes Flow is a tech company and why he ...
businessinsider.com/adam-neumann-opens-up-about-his-startup-transform-apartment-living-2024-4
They Love Their $14.95 Million Hamptons House. The Problem? Their Dog Hates It.: Bryan Graybill and Daniel Dokos built their dream home in Sag Harbor but are now ...
wsj.com/real-estate/luxury-homes/they-love-their-14-95-million-hamptons-house-the-problem-their-dog-hates-it-0cd7e13b
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up: On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
nyti.ms/3Q2xnlA
Taxi driver still hasn't received lottery winnings after six weeks: Ray Laird, who has been driving taxis for 50 years, is frustrated as he waits for an £800 ...
dailypost.co.uk/news/north-wales-news/taxi-driver-still-hasnt-received-28981835
Warren Buffett's real-estate firm to spend $250M to get out of legal hot water: Warren Buffett's HomeServices of America agreed to pay $250 million to settle ...
businessinsider.com/warren-buffett-real-estate-brokerage-250-million-settlement-commissions-2024-4
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Real Estate Billionaire Stephen Ross Bets Big on South Florida: The Related Cos. founder is following the money flowing south by bringing his influence to ...
bloomberg.com/news/features/2024-04-25/real-estate-billionaire-stephen-ross-bets-big-on-south-florida
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Best Countries for Golden Visas: Tips for Applying as Programs End: Spain is the latest country to announce the end of its residency-by-investment program ...
bloomberg.com/news/newsletters/2024-04-25/best-countries-for-golden-visas-tips-for-applying-as-programs-end
How to lower the monthly cost of your Swedish mortgage: The mortgage makes up the biggest chunk of a lot of home owners' monthly bills ...
thelocal.se/20240216/how-you-can-lower-the-monthly-cost-of-your-swedish-mortgage
NatWest profit falls less than feared ahead of state escape: British bank NatWest's first-quarter profit fell by a less than expected 27%, it said on Friday ...
reuters.com/business/finance/natwest-first-quarter-profit-slides-27-2024-04-26/
Barclays Q1 profit falls 12% as mortgage competition, deals drought hit: Barclays reported a slightly smaller than expected 12% fall in first quarter profit on ...
reuters.com/business/finance/barclays-q1-profit-falls-12-2024-04-25/
Quick Glance: Deutsche Bank Increases Quarterly Profit by 10 Percent
- Deutsche Bank surpasses expectations in the first quarter of 2024 with a profit of 2 billion euros before taxes and 1.5 billion euros after taxes.
- CEO Christian Sewing expresses satisfaction, citing the best results since 2013, emphasizing discipline in meeting cost targets, and the strong capital base.
- Revenue in investment banking increases significantly, particularly through trading in bonds, currencies, and large loans.
- Deutsche Bank invests in buying back its own shares, raises dividends, and plans job cuts to keep costs below 20 billion euros.
Commercial Real Estate Debt Is Back With 170% Jump in Sales: Commercial real estate was one of the scariest assets in the US last year. This year ...
bloomberg.com/news/articles/2024-04-26/commercial-real-estate-debt-is-back-with-170-jump-in-sales
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Rents in Germany: Where housing costs are becoming a burden: Rent levels in Germany differ fundamentally from region to region. In Munich ...
cz.de/bauen-und-wohnen/mieten-in-deutschland-wo-die-wohnkosten-zur-belastung-werden-HYQPWFBC5VBIDBHSRUD3D7WTCI.html
Trump Lawyer Hints That Tabloid CEO Tried to Help Model’s Career: Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades ...
bloomberg.com/news/articles/2024-04-26/trump-lawyer-hints-that-tabloid-ceo-tried-to-help-model-s-career
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My Husband’s Inheritance Could Change Our Family’s Life. But He Won’t Even Consider Using It.
slate.com/human-interest/2024/04/inheritance-anger-care-and-feeding.html
Inheritance tax unsuitable for India, wealth creation is key: Experts: “Levy on inherited assets to hit savings, administrative nightmare”
financialexpress.com/money/inheritance-tax-unsuitable-for-india-wealth-creation-is-key-experts-3468820/
Blackstone Strikes $1.6 Billion Student Housing Deal With KKR: Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
bloomberg.com/news/articles/2024-04-25/blackstone-strikes-1-6-billion-student-housing-deal-with-kkr
Many Homeowners Couldn't Afford Their Current House at Today's Prices: In a new survey, 38% of homeowners say they could not afford to buy the houses they ...
money.com/home-prices-unaffordable-today/
Analysis: Revolut has talked the talk on mortgages - but can it walk the walk?: Fintech’s claim that anything Irish banks can do, it can do better ...
businesspost.ie/analysis-opinion/analysis-revolut-has-talked-the-talk-on-mortgages-but-can-it-walk-the-walk/
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About 1 in 4 U.S. Adults Over 50 Say They Expect to Never Retire, Study Finds: Everyday expenses and housing costs, including rent and mortgage payments ...
time.com/6970537/about-1-in-4-u-s-adults-over-50-say-they-expect-to-never-retire/
Lake District park acclaimed at Red Rose Awards 2024: Independent holiday park operator Pure Leisure Group has clinched the celebrated Tourism ...
thewestmorlandgazette.co.uk/news/24280198.lake-district-park-acclaimed-red-rose-awards-2024/
Five thoughts from Dallas Stars' Game 2 loss to Vegas Golden Knights: The Stars face a 2-0 series deficit and will have to steal a game in Vegas to keep their ...
dallasnews.com/sports/stars/2024/04/24/five-thoughts-from-stars-game-2-loss-to-golden-knights-late-response-eludes-dallas/
It’s still painfully expensive to buy a house, but relief could be on the way
miamiherald.com/news/business/article288050700.html
Dave Ramsey explains how your mortgage is key to early retirement: Retiring early is a financial goal that requires planning and lifestyle changes.
star-telegram.com/news/business/article287887730.html
Pending home sales see unexpected jump in March, despite 7% mortgage rates: Increase in March pending home sales is the ‘best performance in a year,’ NAR says
marketwatch.com/story/pending-home-sales-see-unexpected-jump-in-march-despite-rising-mortgage-rates-cb4eaecc
The Cost of Buying a House Reaches a New Record High: The cost of buying a home hit a new record high thanks to rising house prices and mortgage rates ...
money.com/cost-of-buying-house-record-high/
Eurocamp offering half-term family holidays for under £300: Breaks are available across Europe - including France and Croatia
walesonline.co.uk/whats-on/travel/eurocamp-offering-half-term-family-29057028
Express files for bankruptcy, will close 95 Express and all UpWest stores: Clothing retailer seeks court approval to continue operating its stores and paying its ...
marketwatch.com/story/express-files-for-bankruptcy-will-close-95-express-and-all-upwest-stores-270dcc0e
UBS Analyst Who Cut Evergrande Turns Bullish on Chinese Property Market: When it comes to Chinese real estate, John Lam is a lone wolf.
bloomberg.com/news/articles/2024-04-25/ubs-analyst-who-cut-evergrande-turns-bullish-on-property
Real Estate: Secret revealed! Majority of HNIs prefer this investment model to generate wealth in realty space
financialexpress.com/money/real-estate-secret-revealed-majority-of-hnis-prefer-this-investment-model-to-generate-wealth-in-realty-space-3468511/
Lorcan Allen: Bankinter has its work cut out to bring real competition to Ireland’s mortgage market
businesspost.ie/analysis-opinion/analysis-bankinter-has-its-work-cut-out-to-bring-real-competition-to-irelands-mortgage-market/
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Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%: Mortgage rates jump to highest level since November 2023
marketwatch.com/story/home-buyers-turn-to-adjustable-rate-mortgages-as-30-year-rate-zooms-past-7-2c24221c
Is It a Good Idea to Pay Off Your Mortgage Early? : Paying down your mortgage early means you’ll pay less interest over time, but it doesn't make sense for ...
cnet.com/personal-finance/mortgages/advice/should-you-pay-off-your-mortgage-early/
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