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Economy

“Florida’s 125% Surge in Property-Insurance Bills Sows Havoc”

“…In the five-year period ending 2023, costs surged 125%. Last year, annual premiums soared about 27% in the state — for the second year in a row — while nationwide the growth rate slowed to nearly 6% from about 15%,… Continue Reading…

Real Estate

“[Florida] Property prices boomed here during Covid – they are now being slashed as soaring numbers of homes sit unsold”

“Its warm weather, low taxes and relatively affordable housing market attracted a surge of Americans to Florida during the Covid-19 pandemic, pushing up home values in the state. But as prices stagnate and supply soars in some areas, it seems that Florida’s housing bubble… Continue Reading…

Banking, Economy, Real Estate

“China’s property crisis is starting to ripple across the world”

“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market…… Continue Reading…

Economy

“China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock”

“Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today. Shares of other major Chinese property stocks in Hong Kong… Continue Reading…

Business

“Overstock.com wins auction for Bed Bath & Beyond’s intellectual property, digital assets”

“Bed Bath & Beyond will live on in name only after Overstock.com won an auction for the failed home goods retailer’s intellectual property and digital assets, according to court records filed early Thursday.  The e-commerce discounter, which was selected as the stalking horse bidder for Bed Bath’s… Continue Reading…

Business, Real Estate

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

“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…

Economy, Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Stocks

“3 Big Dividend Stocks Yielding at Least 9%; BTIG Says ‘Buy’”

“Ares Commercial Real Estate (ACRE)… Only one other analyst has posted a recent ACRE review, also rating the stock a Buy, which makes the analyst consensus here a Moderate Buy. Shares are priced at $12.28, and their $12.75 average price target… Continue Reading…

Stocks

“3 Big Dividend Stocks Yielding 7% — or More; Evercore Says ‘Buy’”

“Columbia Property Trust (CXP)… Columbia Property Trust has a Strong Buy rating from the analyst consensus, based on 3 Buys and 1 Hold set in recent months. The stock’s share price is $10.77, and the average price target, at $15.50,… Continue Reading…