September 13, 2023
“Wells Fargo & Co. sees more opportunity to trim expenses by unloading more real estate and cutting additional employees, Chief Financial Officer Mike Santomassimo told investors. “We continue to believe we’ve got a lot more to do to make the… Continue Reading…
September 4, 2023
“Homeowners are facing a “cost of owning crisis” as rapidly falling house prices push tens of thousands into negative equity. The National Institute of Economic and Social Research (Niesr) said August’s sharp drop in house prices meant that 50,000 people had fallen into this predicament… Continue Reading…
August 29, 2023
“… …” https://finance.yahoo.com/news/china-evergrande-crashes-87-become-221139544.html
August 14, 2023
“The numbers follow economic news in the past week that showed deflation arriving in July as manufacturers and retailers cut prices in a bid to lure buyers and move excess stock. Exports and imports also plunged more than expected, while… Continue Reading…
August 8, 2023
“Home prices are ticking up again and reaching new highs in many markets across the country, according to a new report. Prices grew by 0.8 percent in June after slowing for more than a year, pushing prices to record levels in around… Continue Reading…
July 5, 2023
“Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. Blackstone recently announced the sale of $3.1 billion worth of its… Continue Reading…
June 23, 2023
“The mortgage crisis will wipe out the savings of 1.2m families this year and push many into insolvency, economists have warned. Households having to remortgage face their bills rising by nearly 50pc, according to the National Institute of Economic and Social Research… Continue Reading…
June 21, 2023
“The Microsoft Corporation’s purchase of 183 acres in western Licking County, reported by The Advocate on Friday, was officially recorded Tuesday, according to the Licking County Auditor’s Office. Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany… Continue Reading…
June 20, 2023
“Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility… Continue Reading…
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