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...Our mortgage market is not fit for purpose,” says Perenna founder and chief executive Arjan Verbeek. “All the European peer countries have better functioning mortgage markets . . ....
...More than two-thirds of home sales in Manhattan last quarter were cash purchases, a record, as high rates on mortgages deter all but the richest buyers....
...In South African business circles, the news hit home sharply....
...It is the latest of four homes he owns, all of which he bought with cash....
...The data comes against a backdrop of recent volatility in the mortgage market. Home loan rates peaked in the summer of 2023 before declining sharply at the end of last year....
...The real estate agents’ lock on online listings drove up costs and combined with a shortage of affordable homes to shut all but the most affluent buyers out of the housing market....
...The growing demand for mortgages that usually characterises the spring home buying season could delay approvals....
...“With mortgages and loans there is increased susceptibility in that area because of the cost of living crisis, high interest rates and all these things.”...
...Even the inventory of new homes dipped a bit in 2023, as high mortgage rates put a damper on Americans’ desire to finance anything....
...The country’s Public Investment Corporation is Anglo’s biggest shareholder....
...To limit the purchase tax he has to pay, which is typically 5.8 per cent on all homes more than five years old, John, who declined to give his real name, will pay €775,000 for the home, and an additional...
...One good read British politicians learn to beg on email like Americans....
...Thirty-year, fixed-rate mortgages dominate in the US and are chosen by around 90 per cent of all homebuyers. To their fans, they are a cornerstone of the American dream....
...They’ve also waded into races closer to home....
...In fact, since 85 per cent of US wine is grown in California, Napa Valley is emblematic of all American wine. I spent a week there earlier this month, at perhaps the most beautiful time of the year....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...We truly have a market system that has been captured by large corporations, something that I experience nearly every day in my own working life....
...of a minority) start to feel that sweet, sweet interest-rate relief: We wrote about mortgages a bit last summer, looking at how the shifting composition of UK home borrowing to (mainly 5-year) fixed terms...
...The main home features a library, office space and a gallery opening on to a large terrace while a home cinema, exercise room, bar and wine cellar allow for year-round entertainment....
...Considering where to buy her first home, acupuncturist Qing Jin had all but written off Manhattan’s Upper East Side, where she had rented a home since 2018....
...She’s actually got two mortgages on her property. She’s a first-time buyer who’s then bought a bigger home....
...US mortgage applications for home purchases rose by the most in a year in January, according to analysis by Capital Economics of data from the US Mortgage Bankers Association on Wednesday....
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...The move on Anglo represents the latest attempt by Melbourne-based BHP — known colloquially as “The Big Australian” in its home market — to reshape the global mining industry....
...“It’s almost like having that little taste of an American dream from the comfort of your own home.”...
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