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Average mortgage debt rose 14% over the past 5 years
Source: Rome News Tribune --- The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in 2017. ...
Half of America has no idea what a mortgage actually is
Source: SWNS Digital --- Half of America has no idea what a mortgage actually is, new research suggests. That’s according to a recent survey that asked 2,000 Americans, 73% of them homeowners, to test their knowledge of both the housing market and financial lending...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Is Real Estate a Good Investment?
Source: Nasdaq --- Investing in real estate has plenty of benefits. A steady flow of extra income, relatively low volatility and the appreciation in the value of properties are factors that make real estate a good investment. But, there are also some downsides. Real...
Barings to buy Australian private equity real estate firm Altis
Source: Reuters --- HONG KONG, Aug 11 (Reuters) - U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price....
Mark Cuban: Buying real estate in the metaverse is ‘the dumbest’ idea ever
Source: CNBC --- Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a well-documented cryptocurrency enthusiast, he called purchasing virtual real estate in the metaverse “the...
