When considering the purchase of a newly built home, potential buyers may be surprised by the high costs associated with such properties. The median sale price for new construction in the U.S. was reported to be $400,500 in February, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development.
Real Estate
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has raised concerns about the potential vulnerabilities of regional banks as their quarterly earnings are unveiled on Wall Street. She expressed worries about certain banks that still heavily rely on industry deposits and have significant exposure to concentrated commercial real estate. Bair, who led
Mary Ellen Stanek, the co-chief investment officer at Baird Advisors, emphasizes the importance of maintaining a high batting average rather than focusing on hitting home runs in the fixed income market. Stanek’s philosophy revolves around consistency and avoiding high-risk strategies that may lead to significant losses. Instead of aiming for extraordinary gains, she prioritizes a
Truong My Lan, the chairwoman of Van Thinh Phat Holdings Group, has been sentenced to death for her involvement in Vietnam’s largest financial fraud case. The charges against her include embezzlement, bribery, and violating banking regulations, with Lan receiving a 20-year prison term for each of the latter two accusations. Despite her defense claiming she
China’s economy is facing challenges in 2024 as it struggles to stimulate economic activity amidst a backdrop of falling home prices. Analysts like Richard Koo have warned that the country may be entering a “balance sheet recession,” similar to Japan’s economic slump. In order to revitalize the economy, China needs to convince people that home
Buying a new home is an exciting milestone for many people, but the financial implications can sometimes be overwhelming. According to a recent survey by Real Estate Witch, nearly 75% of new homeowners reported having regrets about their purchase. Surprisingly, one of the most common gripes among new owners was property taxes, catching 33% of
The housing market in the United States is currently experiencing a surge in the number of “million-dollar” cities, where the typical home is valued at $1 million or more. According to a recent analysis by Zillow, there are now 550 such cities in the country, an increase of 59 from the previous year. This surpasses
Agency mortgage-backed securities (MBS) are debt obligations backed by the government and issued by agencies like Fannie Mae, Freddie Mac, and Ginnie Mae. These securities are considered a high-quality asset class with minimal credit risk and high liquidity. Leslie Falconio, head of taxable fixed income strategy at UBS Americas, highlights the current yields of around
China’s real estate industry continues to face challenges that are far from over, according to a recent report by global investment firm KKR. The firm’s head of global and macro asset allocation, Henry H. McVey, highlighted the need for addressing the fundamentally overbuilt real estate sector quickly. The property industry in China has been on
The past week has seen minimal movement in mortgage rates, mirroring the stagnant state of mortgage demand for the second consecutive week. The reasons behind this lack of activity can be attributed to the excessive costs associated with mortgages and the limited supply available in the market. Potential homebuyers find themselves constrained by these factors,