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Poland’s mortgage holiday for households threatens bank profits

Poland’s mortgage holiday for households threatens bank profits

by Third Party | Aug 2, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: FT.com —  As inflation soars and recession looms in Poland, a break from mortgage payments will be a much-needed reprieve for Jakub Rdzanek and his wife. The couple have seen their monthly home loan bills soar more than 70 per cent since the start of the...
Bank of England scraps mortgage affordability test

Bank of England scraps mortgage affordability test

by Third Party | Aug 2, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: The Guardian —  Thousands of potential homebuyers may find it easier to get on to the property ladder after a key mortgage affordability test was scrapped by the Bank of England. The central bank has said the change – taking effect from 1 August – should...
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...
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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