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Economy, Real Estate

“‘Cost of owning crisis’ as 50,000 fall into negative equity”

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…

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Business, Real Estate, Stocks

“China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses”

August 29, 2023

“… …” https://finance.yahoo.com/news/china-evergrande-crashes-87-become-221139544.html

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Real Estate

“Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession”

August 17, 2023

“…Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.  High rates have already taken a toll on… Continue Reading…

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Real Estate

“China’s Economic Woes Deepen With Housing Market Slump”

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…

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Real Estate

“Home prices hit record highs in nearly two-thirds of major markets”

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…

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Real Estate

“Blackstone REIT Announces Major Asset Liquidations As Redemption Requests Continue”

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…

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Real Estate

[England] “Mortgage crisis to wipe out savings of 1.2 [MILLION] households as repayments set to surge”

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…

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Business, Real Estate

“Microsoft pays $57 million for 183 acres in western Licking County”

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…

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Business, Real Estate

“Sweden’s Property Crunch Worsens as Another Firm Cut to Junk”

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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Business, Real Estate

Blackstone Is Having Trouble Trying To Figure Out How To Steal As Much Money As Possible

June 6, 2023

“Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and… Continue Reading…

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