A man walks past the People’s Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to maneuver on monetary
Row of townhouses in Alexandria, Virginia Grace Cary | Moment | Getty Images “Switching to a repayment plan that has a lower monthly payment can help a borrower qualify for a mortgage,” said higher education expert Mark Kantrowitz. Half of student loan borrowers — including 60% of millennial borrowers — who haven’t yet purchased a
Published: Feb. 12, 2024 at 2:19 a.m. ET By Joe Hoppe Tritax Big Box said it has reached an agreement to take over UK Commercial Property REIT in an all-share offer, valuing the company at around 924 million pounds ($1.17 billion). The commercial-property investor said UK Commercial Property investors will receive 0.444 new ordinary Tritax
Alexandria City Hall (staff Photo by Jay Westcott) Alexandria experienced a 12.4%, or $736 million, drop in commercial property values this year, according to the city’s Office of Real Estate Assessments, and it could mean a reduction in city services. Alexandria’s real estate tax base grew by just .33% this year, about $200 million, for
Commercial real estate firm CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent community in Peoria. Bella Olivia will be located at 9625 W. Olive Ave. in the southwest part of the city. The property is currently under construction and will open this summer, according to a news release. Bruce
by Calculated Risk on 2/06/2024 08:58:00 AM Today, in the Real Estate Newsletter: ICE (Black Knight) Mortgage Monitor: “Positive Signs in Housing, Mortgage Markets” Brief excerpt: There have been very few low credit score mortgage originations. During the housing bubble, many of the low credit score loans were made through the private-labeled securities market. •
Press Release • Feb 5, 2024 07:30 MST Over 47,000 active assumable mortgage home listings – 77% with rates below 4% and 35% with rates below 3% PHOENIX, February 5, 2024 (Newswire.com) – Assumable.io, an expanding startup, has launched the first-ever national platform for assumable mortgage homes. For the first time, consumers and agents can
Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home. In one high-profile example on Tuesday, New York Community Bancorp NYCB cited a need to increase its allowance for credit losses (ACL) on the heels of an office
A member of the Parle Products’ promoter family, Ambika Chauhan Aibara, recently bought two sea-facing luxury apartments in South Mumbai for over ₹47 crore. The two flats are located in a luxury real estate project K Raheja Modern Vivarea in Worli. Capital appreciation has overtaken lifestyle upgrade as the primary motivation for real estate investment,
As mortgage rates fall, aspiring homeowners have gained nearly $40,000 in buying power in a matter of months, according to a new report. But that power comes with a catch: increased competition. Now that the 30-year mortgage rate has fallen from nearly 8% to below 7%, home buyers with a monthly housing budget of $3,000