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...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
...These changes are particularly welcome after a brutal two-year period that has seen higher interest rates all but paralyse the residential real estate market....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...And a real worry for California grape growers in regions less exalted than Napa Valley, such as Lodi, is that the big brand owners in the US have started to substitute wine imported in bulk from cheaper...
...“We’re in a different era that does not favour debt in relation to real estate purchases,” she says....
...This week, however, it caused a frisson in the real estate world....
...Estate agents were also more optimistic about housing demand in March, according to the latest survey by the Royal Institution of Chartered Surveyors....
...Roughly 80 per cent of PBB’s cover pool — the collection of assets backing its covered bonds — is made up of commercial real estate mortgages....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...Lasry is, it seems, everything you could want from an LA real-estate figure....
...The residential real estate brokerage industry has been in crisis for months, as higher mortgage rates dramatically slow down transaction volumes and class action lawsuits threatened the commission pool....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...real estate brokerage Corcoran....
...According to US Mortgage Bankers Association data provided by Newmark, $929bn of commercial real estate debt will need to be repaid or refinanced this year alone....
...— A teen’s fatal plunge into the London underworld (New Yorker) — “Fake Chinese income” mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks (The Bureau) — Pods, Passive Flows, and Punters (Albert...
...Svanstrom said Rightmove was continuing to diversify its business into new areas including rental and mortgage services, and commercial real estate....
...Even before its default, which was first reported by commercial real estate newsletter The Promote, Brooklyn Tower was a talking point....
...“We are struggling to buy a bigger home right now,” says Emma, who didn’t wish to disclose her real name....
...Real estate groups are lobbying the Treasury to row back on changes to property taxation in England that would see investors in rental housing pay more tax on deals....
...“Along with other recent incentives, it reflects the policy intention to activate the real estate market and boost sentiment.”...
...Blackstone Mortgage Trust provides loans to commercial real estate companies in North America, Europe and Australia. Its market capitalisation is just under $4bn....
...Remember that the Move index is a real number. Take the Move, divide it by 15.9 — that’s volatility in basis points per day per month. (Why 15.9?...
...The milestone signals that pressure is falling on the fund, called Blackstone Real Estate Income Trust (Breit), after a dash for redemptions over fears about real estate valuations caused Blackstone to limit...
...“It might be that we are seeing the beginning of a stabilisation in real estate prices,” said Moritz Schularick, president of the Kiel Institute, adding mortgages “should become cheaper again, thereby stimulating...
...Separate BoE data last week showed that real interest rates on new mortgages fell for the first time since 2021 in December, helping lift mortgage approvals to a six-month high....
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