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The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks
Source: Fox Business --- Wealthy Russian oligarchs are likely investing in U.S. commercial real estate and trying to sidestep sanctions imposed after the invasion of Ukraine last year, according to a warning sent to banks by the Treasury Department's financial crimes...
Can Miami Beach Stay Hot After Covid? The Shore Club Redevelopment Might Hold the Answer.
Source: Mansion Global --- Architect Robert A.M. Stern is best known for designing buildings for the wealthiest New Yorkers. Some of the largest residential deals in the U.S. have been at his towers overlooking Manhattan’s Central Park. Now, Mr. Stern’s eponymous firm...
‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’
Source: Yahoo! --- Mortgage rates have tumbled to their lowest level since mid-September, drawing eager homebuyers out of their winter retreats. “Home purchase demand is thawing from the months-long freeze that gripped the housing market,” says Sam Khater, chief...
News & Current Events
5 facts for investors to consider
Source: J.P. Morgan Wealth Management--- Market update: Off to the races With a gain of more than 2%, the S&P 500 is headed into the weekend firmly above 4,000 for the first time since mid-December. The breadth of the rally was wide, with nearly 400 stocks in the...
The Importance and Surge of Retail Proptech
Source: Real Estate Weekly --- Proptech in real estate has experienced a surge over the past decade – the use of information technology has improved the ability of individuals and companies to research, buy, sell, and manage real estate across all asset classes....
Is Real Estate TikTok the Secret to Finding an Apartment?
Source: Clever --- In March of 2022, Ashley Kim, a virtual reality product designer, was living in Providence, Rhode Island, while finishing up her joint Master of Design Engineering at Rhode Island School of Design and Brown University. “I’m a huge planner, so I was...
Chinese buyers return to the market
Source: Domain --- Now China has finally flung open its doors again, Australia can expect a major influx of cash into its housing market. A new report into overseas residential real estate spending intentions has found that around $4.8 billion of funds is likely to...
Industry Updates
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
“I had to look for another job to pay the mortgage after the interest increase”
Source: World Nation News --- Added to the increase in shopping cart prices is the increase in interest rates, which is causing trouble for mortgage holders. In just one year, Euribor has gone from negative (-0.56% on January 24, 2022) to over 2% (specifically, 2.01%...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Yahoo! Sports --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call,...
5 facts for investors to consider
Source: J.P. Morgan Wealth Management--- Market update: Off to the races With a gain of more than 2%, the S&P 500 is headed into the weekend firmly above 4,000 for the first time since mid-December. The breadth of the rally was wide, with nearly 400 stocks in the...
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Real Estate News
Can Miami Beach Stay Hot After Covid? The Shore Club Redevelopment Might Hold the Answer.
#realestate
https://wrenews.com/?p=22846
'Good news' for the spring homebuying season as mortgage rates melt, but economists warn 'finding a deal remains an elusive quest'
#realestate
https://wrenews.com/?p=22856
“I had to look for another job to pay the mortgage after the interest increase”
#realestate
https://wrenews.com/?p=22851