The housing market in the United States is experiencing a shift towards more built-for-rent single-family homes, according to the National Association of Home Builders. This change is a response to the housing affordability crisis that has made it increasingly difficult for individuals to afford traditional homeownership. One of the key drivers behind the surge in
Real Estate
Recent data shows that despite a drop in mortgage rates, consumer response has been lackluster. Mortgage application volume increased only by 0.9% compared to the previous week, indicating a muted reaction from consumers. The average contract interest rate for 30-year fixed-rate mortgages decreased, but the refinance demand dropped by 0.4% for the week. However, it
Recent data has shown positive signs of receding inflation, but one major obstacle still remains for Federal Reserve officials to consider. Housing costs have been a key factor in the inflation picture this year, with shelter inflation staying elevated despite expectations of a decrease. This has hindered the Fed’s ability to confidently lower interest rates,
Singapore’s architectural landscape is adorned with unique colonial-era buildings known as “shophouses,” which have become highly sought after by high net worth individuals and investors. These two- or three-story structures, built as early as the 1840s, stand as a testament to the country’s rich history and vibrant heritage. Despite the exorbitant costs associated with these
The commercial real estate sector is currently facing a massive wave of maturing loans, causing concern among investors and financial institutions alike. While many have been focusing on banks with high concentrations of commercial real estate exposure, it is important to delve deeper into the types of loans these institutions hold to truly understand the
In recent months, many investors have flocked to cash vehicles, such as money market funds and certificates of deposit, as interest rates have risen. The total money market fund assets have reached unprecedented levels, standing at $6.12 trillion for the week ending on Wednesday. However, financial experts are now warning investors to start looking towards
Recent reports from Zillow indicate that there has been a significant increase in the number of new listings hitting the market. In fact, new listings jumped by 13% in May compared to last year. However, despite this increase, homes are taking longer to sell due to the lack of buyers entering the market. The number
The effects of climate change are becoming more evident as sea levels rise and storms intensify, posing a significant threat to coastal real estate across the United States. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s most valuable coastal properties are facing unprecedented challenges. The current hurricane
British financial technology firm Revolut recently announced its plans to move its official headquarters in London to Canary Wharf, the city’s major financial district. The company will be relocating its global headquarters to the YY London building in the heart of Canary Wharf, where it has agreed to a 10-year lease for the building. This
The real estate market experienced a whirlwind of activity last week as mortgage rates fluctuated, causing a surge in total mortgage application volume. According to the Mortgage Bankers Association’s recent report, mortgage rates dropped initially, prompting a sharp increase in application volume by nearly 16% compared to the previous week. However, this downward trend was