Hints and tips:
Related Special Reports
...The stock lost further ground on Monday, closing down more than 10 per cent, following comments over the weekend from Federal Reserve chair Jay Powell saying that some smaller and regional banks have “concentrated...
...Bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments linked to offices, shopping centres and other properties....
...Residential and industrial property prices are down by about a fifth....
A glut of apartments available in the French capital this summer is pushing down prices
...Lawyers representing the home sellers said commissions were kept high through a decades-old system that required sellers to hire brokers in order to include their property on databases known as multiple-listing...
...Would-be homebuyers who have been dreaming of Federal Reserve rate cuts might need to dial down their hopes....
...Savills data show sales of properties worth more than £5mn were down 13 per cent last year from the year before, as the post-Covid property boom came to an end....
...Equities in Hong Kong and South Korea led gains in Asia after US Federal Reserve officials maintained expectations for three quarter-point interest rate cuts in 2024....
...Shortly before Jay Powell, Federal Reserve chair, announced that the central bank was keeping benchmark rates at 5.25 per cent to 5.5 per cent, Colin Simpson, Manulife’s chief financial officer, revealed...
...The Federal Reserve is expected to cut rates, probably beginning in June. The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...This includes the homebuilders (up 40 per cent or so) and commercial real estate plays such as Boston Properties and Simon Property Group....
...local tenants who struggle to find reasonably priced properties....
...Why The half-acre grounds include a garden designed by a Chelsea Flower Show medal winner, and the property backs on to a nature reserve....
...One is the reserves component: the central bank needs a big enough balance sheet to maintain ample reserves....
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...Wizman also noted the bond rally may be related to expectations of a response from the Federal Reserve. “The Fed, when confronted with bank balance sheet problems, tends to create liquidity programmes....
...But in New York, some of the best properties coming to market are now sitting for months....
...To really bring the issue home, the NY Federal Reserve put out a blog at the end of March on the implications for the United States of a hypothetical China property hard landing....
...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...The problem is that with each slightly high US inflation print, a quick pace of Federal Reserve rate cuts looks ever less likely....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...US inflationary pressures are expected to have eased slightly in February, a development that would be welcomed by the Federal Reserve as it evaluates when to begin cutting interest rates this year....
...is running north of 4 per cent, and the longer term averages aren’t far behind: It’s not quite as bad as the chart above suggests, because personal consumption expenditure inflation, which the Federal Reserve...
...But she is waiting for the Federal Reserve to cut interest rates, so that her mortgage will be cheaper. “I could make it work now, but I wouldn’t be able to travel or go out for nice food as much....
...The US commercial property market, the largest in the world, has been sliding....
International Edition