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  • Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.
    Finance News

    Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.

    April 17, 2023 /

    Apartments in downtown Phoenix.Getty Huge money buyers pumped billions into acquiring up condominium buildings in the pandemic period. The deals have been typically based on the assumption that rents would continue to raise. But rents are flatlining and expenditures are expanding, leaving landlords to confront significant losses. While places of work have been likely through a paradigmatic change as extra workers do their work remotely, condominium structures have skilled sturdy demand from tenants. But fault lines have emerged for traders who paid out top greenback for property that depended on considerable lease will increase and persistent minimal interest premiums to obtain profitability. Those people kinds of optimistic projections became increasingly necessary in the booming marketplaces…

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    Francis McGee Comments Off on Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.

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    Stocks fall as S&P 500 caps worst year since 2008

    Stocks fall as S&P 500 caps worst year since 2008

    January 1, 2023
    Stocks close mixed on holiday-shortened trading day

    Stocks close mixed on holiday-shortened trading day

    November 27, 2022
    A TikToker went viral for explaining why anyone in the US making less than $25/hour is in serious trouble. He has a point. But you can prove him wrong

    A TikToker went viral for explaining why anyone in the US making less than $25/hour is in serious trouble. He has a point. But you can prove him wrong

    December 4, 2022
  • Manhattan apartment sales plunge in Q4, brokers fear frozen market
    Real Estate News

    Manhattan apartment sales plunge in Q4, brokers fear frozen market

    January 5, 2023 /

    Manhattan apartment sales fell by 29{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the fourth quarter, sparking fears of a frozen industry in which prospective buyers and sellers stay on the sidelines due to economic and level fears. There ended up 2,546 revenue in the quarter, down from 3,560 last 12 months, in accordance to a report from Douglas Elliman and Miller Samuel. The decline was the greatest given that the third quarter of 2020, throughout the depths of the pandemic. Rates also declined for the 1st time due to the fact early 2020, with the median rate down 5.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The declines in both of those product sales and selling prices mark the conclusion of the…

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    Francis McGee Comments Off on Manhattan apartment sales plunge in Q4, brokers fear frozen market

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    10 Places Real Estate Pros Are Safe From AI

    10 Places Real Estate Pros Are Safe From AI

    January 26, 2023
    6 leading real estate economists and pros on what to expect from the housing market this winter

    6 leading real estate economists and pros on what to expect from the housing market this winter

    February 6, 2023
    Real estate housing market in 2023 could lead to drop in home prices

    Real estate housing market in 2023 could lead to drop in home prices

    February 9, 2023
  • Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount
    Real Estate News

    Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

    December 26, 2022 /

    More evidence for the housing market place downturn came this 7 days, as a slew of housing market readings came in even worse than expected. Now, there seems to be anecdotal proof to validate the similar. What Transpired: Invoice Gates has mentioned for sale the three-bed room New York Town apartment that he purchased for his daughter Jennifer in 2018, the New York Post reported. The twist in the tale is that the inquiring price tag is $4.75 million, a lower price from the $5 million at which it was acquired. The condominium, which is at 1212 Fifth Avenue, was bought by Gates so that his daughter could use it right after graduating from Stanford University. Jennifer…

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    Francis McGee Comments Off on Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

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    “The underlying fundamentals of real estate are quite strong”

    “The underlying fundamentals of real estate are quite strong”

    March 4, 2023
    2022 marked the end of cheap mortgages and now the housing market has turned icy cold : NPR

    2022 marked the end of cheap mortgages and now the housing market has turned icy cold : NPR

    December 27, 2022
    The Housing Market Warms Up, but This Twist Could Cause a Freeze

    The Housing Market Warms Up, but This Twist Could Cause a Freeze

    February 15, 2023

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