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China Banks May Face $350 Billion in Losses From Property Crisis

China Banks May Face $350 Billion in Losses From Property Crisis

by Third Party | Aug 1, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Bloomberg —  China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil. A spiraling crisis of stalled projects has dented the...
New York real estate company expands industrial footprint in Wilmington

New York real estate company expands industrial footprint in Wilmington

by Third Party | Aug 1, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Port City Daily —  WILMINGTON — A family-run real estate acquisition company found recent success in the Cape Fear market. Treeline announced its first signed lease at an industrial park it bought last month. Located on U.S. Highway 421, it joins...
Real Estate newsletter: Luxury finds a new extreme

Real Estate newsletter: Luxury finds a new extreme

by Third Party | Aug 1, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: LA Times —  Welcome back to the Real Estate newsletter. It’s been a relatively quiet summer on the luxury front, but this week, we finally saw the extremes that the Southern California market is capable of. First, we stopped by a dinner party in West...
‘Dramatic increase.’ Foreclosure filings are up more than 150%. Here’s what that tells us about the housing market

‘Dramatic increase.’ Foreclosure filings are up more than 150%. Here’s what that tells us about the housing market

by Third Party | Jul 31, 2022 | News/Current Events, Real Estate News

Source: Marketwatch —  The number of foreclosure starts — which is when the first public foreclosure notice happens — is up 219% since the start of the year, according to real estate data analytics firm ATTOM Data Solutions’ midyear 2022 U.S. foreclosure market...
Las Vegas’ housing market cooling faster than others

Las Vegas’ housing market cooling faster than others

by Third Party | Jul 31, 2022 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Source: Review Journal —  In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its...
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