Nick Ivan 
Private phone booth at One Wall Street Courtesy: One Wall Street Luxury apartment buildings in New York City are now offering a new amenity: designated coworking spaces for remote workers. Developers are transforming these spaces into private offices, conference rooms, and even podcasting booths to accommodate the growing work-from-home trend. According to a recent survey …
Residential buildings developed by Country Garden Holdings Co. in Baoding, China, are depicted in the accompanying image. This comes as concerns about China’s real estate sector resurface two years after Evergrande’s debt troubles. Reports suggest that Country Garden, one of the largest non-state-owned developers, has missed two coupon payments on dollar bonds that were due …
A potential buyer walks into an open house in Parkland, Florida, on May 25, 2021. The mortgage interest rates have surged significantly, with the rate on the government’s low-down-payment option reaching its highest level in 21 years. Consequently, there has been a sharp drop in mortgage demand, as evidenced by a 3.1% decline in total …
Entering a Bank of America branch in New York sets the stage for a financial journey. Scott Mlyn | CNBC In an unpleasant twist, qualifying for a mortgage in July became more challenging, alongside the burden of higher mortgage rates. The Mortgage Bankers Association (MBA) reports that credit availability dropped to its lowest level since …
Former U.S. President and Republican presidential candidate, Donald Trump, was recently informed by the independent financial monitor for the Trump Organization that there were issues of incompleteness and inconsistency in certain disclosures made by the company to lenders and others. Barbara Jones, the monitor, stated that Trump and his company defended their disclosure practices but …
Home prices continue to surge across the country, recuperating the lost equity for homeowners. A new report from Black Knight reveals that home prices reached record highs in 60% of U.S. markets in June, surpassing the previous year’s levels with an annual growth rate of 0.8%. The overall index also experienced a month-to-month increase of …
Japan’s salary and benefits packages for expats have been identified as the highest in Asia, according to a recent report. The average expatriate package in Japan costs employers $370,183, as stated in the “MyExpatriate Market Pay” survey conducted by ECA International. However, this figure is 12% lower than the previous year due to the weakening …
International buyers are reducing their activity in the U.S. housing market due to high mortgage rates, soaring home prices, limited inventory, and the strength of the dollar, which diminishes their financial incentives. Between April of last year and March of this year, international buyers purchased approximately 84,600 homes. This represents the lowest number recorded since …
A ‘For Sale’ sign is posted in front of a single-family home on October 27, 2022, in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates have remained stubbornly high for several weeks, significantly impacting potential homebuyers. According to the Mortgage Bankers Association, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan …
One of the primary drivers behind the impact of mortgage rate increases on renters is the surge in rental demand, according to Oliver Knight, head of residential development research at real estate firm Knight Frank. Oscar Wong | Moment | Getty Images LONDON — Mortgage rates in Britain are skyrocketing, leading many to question their …