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FTX spent $256 million on Bahamas real estate — now the island’s government wants it back
Source: CNBC --- Bahamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S....
Housing Market Downturn – Is A Recession On The Horizon?
Source: Forbes --- The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability of...
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The housing market has peaked, top economist says
Source: MPA --- The US has officially gone from a housing boom into a “housing correction”, according to Mark Zandi (pictured), chief economist at Moody’s Analytics. In an interview with Fortune magazine last week, the economist and co-founder of Economy.com said all...
Winning Streak Comes to an End For Mortgage Rates
Source: Mortgage News Daily --- As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating the gains as evidence of a broader reversal, but they were nonetheless a welcome change of...
Is the hot housing market showing signs of cooling down?
Source: abc4 --- (NewsNation) — New home construction continues at a rapid pace, but new sales data shows the market may be cooling down, slightly. In April, sales dropped by 17%, the biggest dip in nearly a decade, according to data released last week by the Census...
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