Source: MorningStar — Goldman Sachs economists say they expect rates will ‘remain persistently high’ The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind...
Source: Yahoo Finance — A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years...
Source: Fitch Ratings — Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation...
Source: NOLA.com — One of the most successful real estate developers and commercial property owners in the local market is a New York-based investor you’ve probably never heard of: Jeffrey Feil. Among the Feil Organization’s vast holdings are historic Manhattan...
Source: KSL — SALT LAKE CITY — The U.S. housing market has turned, and it’s starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation...
Source: South China Morning Post — Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent...
