Real Estate
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Maximizing Home Equity: A Critical Look
Homeowners across the United States are currently sitting on a staggering $17 trillion in equity, a figure that has seen a $28,000 increase compared to the previous year. Experts in the field, such as Greg McBride, the chief financial analyst at Bankrate, emphasize that home equity is a valuable asset that can serve as a…
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The Impact of the Construction Boom on Renters in the U.S.
The construction boom in the U.S. has led to a surge in the supply of rental properties, resulting in lower asking rents and increased rent concessions. Landlords are offering discounts, incentives, and perks such as free weeks of rent or free parking to attract new renters due to the abundance of available units. According to…
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Emerging Trend: Construction of Single-Family Built-for-Rent Homes Increasing
The Rise of Single-Family Built-for-Rent Homes Amid Housing Affordability Crisis Housing Affordability Crisis Drives New Trends The housing affordability crisis in the United States is reshaping the landscape of homeownership and rental markets. In response to skyrocketing home prices and rising mortgage rates, there has been a notable surge in the construction of single-family built-for-rent…
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The Shophouse Craze in Singapore: What Makes These Colonial-Era Buildings So Attractive to Wealthy Investors?
Singapore, a city known for its modern skyscrapers and bustling financial district, might seem like an unlikely place for wealthy investors to channel their money into century-old colonial-era shophouses. However, these ornate and colorful buildings, steeped in history, have captured the attention of high-net-worth individuals from around the world. Despite the exorbitant costs – with…
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Revolut Announces Headquarters Move to Canary Wharf
Revolut, a British financial technology firm, has recently revealed its decision to move its official headquarters from London to Canary Wharf, the city’s primary financial district. The move to the YY London building in the heart of Canary Wharf signifies a significant step for the company, as it seeks to expand its global presence. With…
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The Pros and Cons of Investing in Real Estate Through REITs
In a recent survey conducted by Gallup, it has been found that a significant portion of Americans view real estate as the best long-term investment option compared to stocks, gold, and savings accounts. The emotional attachment and sense of legacy that real estate investments evoke in individuals make it a popular choice for many. However,…
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Understanding the Impact of Declining Home Sales in April
In April, signed sales contracts on existing homes experienced a significant drop of 7.7% compared to March, marking the slowest pace since April 2020. This decline, reported by the National Association of Realtors, raises concerns as pending sales serve as a forward-looking indicator of closed sales in the upcoming months. Furthermore, pending sales were also…
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Impact of Rising Mortgage Rates on Mortgage Demand
The real estate market faced a setback during the month of May when mortgage rates started to rise after a brief pullback. This sudden increase in rates had an immediate impact on the mortgage demand that had been strengthening over the past few weeks. Last week, the average contract interest rate for 30-year fixed-rate mortgages…
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Exploring the World of Art Collecting Among Multimillionaires
Grant Cardone, a multimillionaire with around 15 years of experience in art collecting, describes himself as a spontaneous buyer rather than a connoisseur. According to Cardone, if he likes a piece of art, he buys it without concerning himself with the artist behind it. His collection, displayed throughout his home and in an art gallery,…
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Challenges in the New Home Sales Market
The U.S. Census Bureau reported a 4.7% drop in sales of newly built homes in April compared to March, while also noting a significant 7.7% decrease from the previous year. This decline in sales can be attributed to higher mortgage rates, making it more challenging for potential buyers to afford new homes. The average rate…