Real Estate
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The Impact of Floodplain Buyouts on Homeowners and Communities
Just an inch of floodwater can generate tens of thousands of dollars in property damage. Homeowners trying to move and start over after such a disaster might find a surprising buyer for their home: the government. The Federal Emergency Management Agency, or FEMA, has spent around $4 billion assisting in the purchase of about 45,000…
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Strategies for Saving Money on Newly Built Homes
Buying a newly built home can often come with unexpected costs. The median sale price for new construction in the U.S. was $400,500 in February, according to the U.S. Census Bureau and the Department of Housing and Urban Development. While the base price of a newly built house may seem reasonable, the additional costs of…
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The Vulnerabilities in Regional Bank Earnings
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has expressed significant concerns regarding the upcoming earnings reports of regional banks. In an interview with CNBC’s “Fast Money”, Bair highlighted various critical weaknesses that could potentially impact the stability of these financial institutions. She emphasized the overreliance on industry deposits, concentrated exposure to…
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The Downfall of Truong My Lan: Vietnam’s Biggest Financial Fraud Case
The recent sentencing of Vietnamese property tycoon Truong My Lan to death for her involvement in the country’s biggest financial fraud case has sent shockwaves through the nation. Lan, who is the chairwoman of real estate development firm Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery, and violating banking rules around lending.…
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The Challenges Facing China’s Economy and Real Estate Market
China’s economy has been facing some significant challenges, with one of the key areas of concern being the real estate market. Richard Koo, chief economist at Nomura Research Institute, highlighted the importance of convincing people that home prices are on the rise in order to stimulate economic activity. However, recent data shows that home prices…
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The Hidden Costs of Buying a Newly Built Home
When purchasing a new home, especially a newly built one, it is not uncommon for homeowners to face financial surprises. A recent survey from Real Estate Witch found that nearly 75% of new homebuyers had regrets about their purchase, with property taxes being the most common gripe, surprising 33% of new owners. The initial property…
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The Rise and Fall of Million-Dollar Cities in the U.S.
The real estate market in the United States is seeing 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, which is an increase of 59 from the previous year.…