The red-hot real estate market of just over a year ago has fallen victim to its own success. … [+] Soaring home prices and rising mortgage rates have made homes unaffordable for many, while homebuilders face rising inventories and falling sales. This is not good for the construction industry. getty In June 2021, I wrote … Read more
The red-hot real estate market of just over a year ago has fallen victim to its own success. … [+] Soaring home prices and rising mortgage rates have made homes unaffordable for many, while homebuilders face rising inventories and falling sales. This is not good for the construction industry. getty In June 2021, I wrote … Read more
Sales of the city’s most expensive homes slowed in the second half of last year, and realtors and analysts said they don’t expect the trend to reverse anytime soon as the prospect of an economic slowdown weighs on even the wealthiest homebuyers. Bankers, traders and others in the financial services industry have historically used their … Read more
Five things you need to know before the market opens on Thursday December 29th: 1. — Stock futures higher on China risk US stock futures edged higher on Thursday, continuing a pattern that has dominated markets for much of the holiday-shortened week as investors continue to monitor developments in China’s Covid crisis and its impact … Read more
CNN — As Wall Street and Main Street fret over a possible recession, White House officials are exuding confidence in the economy’s ability to weather the 2023 storm. “We’re cautiously optimistic because we’re starting to see some really concrete, measurable signs of progress,” Aviva Aron-Dine, deputy director of the White House National Economic Council, told … Read more
2023 will witness occupants reassess their office needs amid global recessionary pressures and the evolving business environment, said Ramesh Nair, CEO (India) and MD, Market Development, Asia, Colliers. In an interview with ET’s Sobia Khan, he discussed housing demand in the coming quarter, institutional financing for Indian real estate and the recent policy changes in … Read more