The impending collapse facing the commercial real estate market could be even worse than the mortgage collapse that hit the global economy just 15 years ago.or not.At this point, the extent and nature of the decline in the domestic commercial real estate market, particularly office buildings, remains entirely a matter of speculation.Bears and bulls agree: Low occupancy rates in office buildings, business parks and other professional facilities will create economic problems if commercial leases don't get renewed, as they have in major cities like San Francisco, Chicago and New York.But where does South Carolina fit into all of this? Well,…
Author: Private Lending Agent
Expected Updates for Budget 2024: As Budget 2024 approaches, expectations are building for major policy shifts and fiscal allocations across sectors. The real estate sector is looking forward to new tax cuts and infrastructure investments, while the finance sector is looking to subsidies for Mitra Bank. Environmental sustainability advocates are calling for significant funding for climate change measures, while the education sector is looking to strengthen teacher training and digital infrastructure. Tax experts are proposing increased personal allowances and simplification of GST, while the banking sector is eyeing privatisation and consumer tax cuts. Budget 2024 is expected to play a…
According to a report by the Confederation of Indian Industry and CBRE, India's IT hub, Bangalore, is expected to continue to lead the country's commercial real estate market with 330-340 million square feet of office stock by 2030. The report, titled “Karnataka Outlook: A Journey for Real Estate Excellence in the South”, released in Bengaluru on July 10, highlighted that the city's office space is expected to double from 100 million square feet in 2013 to over 223 million square feet as of June 2024, accounting for the highest share of the sector among major Indian cities. The report said…
The Bank of England left interest rates unchanged at 5.25% in June, as was widely expected. This is the seventh consecutive time interest rates have been kept unchanged since they were raised to their current level in August 2023. Prior to this, interest rates had been raised 14 times in a row between December 2021 and August 2023, when they were at 0.1%. The next interest rate announcement by the Bank's Monetary Policy Committee (MPC) is at noon on August 1. Markets are expecting the Bank Rate to fall to 5% at that point. What is happening with inflation? The…
From reading David Smith's recent post, it appears that many Welsh landlords are using the Welsh Government's model contract without amending it. As background information. New rules will come into force in Wales from 1 December 2022. These include prescribing terms in tenancies (now called “occupancy agreements”), which are now mandatory. However, landlords who use the model agreements without amending them are obviously unaware that they omit many provisions that most landlords would expect. Indeed, I suspect that landlords using the model agreements would be shocked to find that they are not there. for example: 17 clauses missing from the…
MCAN Mortgage Co. (TSE:MKP – Get Free Report) shares rose above their 200-day moving average during trading on Monday. The stock's 200-day moving average is C$16.06 and it traded as high as C$16.74. MCAN Mortgage shares last traded at C$16.56 with trading volume of 35,786 shares. MCAN mortgage trading down 0.5% The company's market capitalization is C$627.13 million, its price-to-earnings ratio is 7.53 and its beta is 0.83. The company's debt-to-equity ratio is 366.36, its current ratio is 1.63 and its quick ratio is 1.97. The company's 50-day simple moving average is C$16.05 and its 200-day simple moving average is…
The South African Reserve Bank will keep its repo rate on hold this week but cut it by 25 basis points to 8 percent in September as inflation subsides, a Reuters poll showed on Monday, earlier than a November move predicted in a June survey. Eighteen of 20 economists surveyed last week said the central bank would keep interest rates unchanged at 8.25% on July 18, with the median forecast pointing to a rate cut in September. Two predicted a rate cut on Thursday. The survey also forecast another 25 basis points of cuts in November, taking rates to 7.75%…
The Federal Reserve Board decided to keep interest rates unchanged after its meeting on June 11th and 12th, 2024. The target for the federal funds rate has remained unchanged at 5.25% to 5.5% since July 2023.To combat inflation, interest rates have been raised 11 times between March 2022 and July 2023. Inflation has been falling, but the Fed has signaled it wants more positive data before pulling the trigger.In March 2024, the central bank predicted it would cut interest rates by three quarter-points by the end of the year, but that certainty has faded as time has passed.When will interest…
DataM Intelligence has released a new research report on “Home Loans Market Size 2024”. The report explores comprehensive and insightful information on various key factors such as regional growth, segmentation, CAGR, business revenue status of key players and drivers. The objective of this report is to provide an overview of the current market size by value and volume, opportunities, and development status.Get your free sample survey PDF – https://datamintelligence.com/download-sample/residential-mortgage-marketThe Home Loan Market report mainly focuses on market trends, past growth rates, technology, and changes in investment structure. In addition, the report presents the latest market insights, expanding growth opportunities, business…
Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report ) has seen a significant increase in short interest in the month of June. As of June 30, short interest totaled 129,700 shares, up 29.6% from a total of 100,100 shares on June 15. Based on an average trading volume of 47,500 shares, the short interest ratio is currently at 2.7 days. Approximately 1.4% of the company's shares are sold short. Institutional investors step in to federal farm mortgages Several large investors recently modified their holdings in the stock. American Century Companies increased its holdings in Federal Agricultural Mortgage by 15.0%…