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Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Source: Yahoo Finance --- As a well-known inflation-proof asset, real estate has been highly sought-after for most of the last two years. But things seem to be shifting. According to a new report from real estate brokerage Redfin, around 60,000 home-purchase...
Mortgage Rates Drop Below Five Percent
MCLEAN, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to the...
Omaha commercial real estate summit to address changing industry
Source: Omaha Daily Herald --- The commercial real estate world is changing by the day with rising interest rates, supply chain delays and re-envisioning the modern office space. Professionals in the industry will gather for the annual Commercial Real Estate Summit...
The rise of high-tech real estate investing platforms and their effect on housing affordability
Source: Geek Wire --- Real estate tech startups are making it easier for people to invest and manage property. But critics argue that these software companies and their business models are gobbling up the limited amount of available housing in the process, driving up...
Xi Tries to Ride a Real-Estate Tiger, and We All May Get Mauled
Source: The Wall Street Journal --- As Covid lockdowns and buyers’ revolts roil China’s real-estate market, Xi Jinping is attempting to ride a tiger—to maintain power while clinging to the foolhardy policies that put him in this position. But as a Chinese central...
Retirement-Aged Homeowners Least Likely to Utilize Equity
Source: The M Report --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
6-month period brings financial storm for many
Source: Pensions And Investments --- Defined contribution money managers, like their plan sponsor clients and the millions of U.S. workers who save for retirement with them, are navigating a much different world in mid-2022 than they did at the end of 2021....
Office leasing slows in one of the city’s major business districts
Source: Politico --- Visitors are returning to Lower Manhattan, boosting area hotels and retail — but more than two years into the pandemic, office vacancies remain high and asking rents are inching down in one of the city’s major business districts. A new report from...
5 keywords clients want to see in listing descriptions — and what to avoid
Source: Inman --- Making the perfect listing is no easy feat — especially when incorporating search engine optimization. Here’s how to maximize your next listing with the keywords your clients are looking for. In luxury real estate, prospective clients have always...
Poland’s mortgage holiday for households threatens bank profits
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...
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