Kittipong Taichareon and Oratai ThrillingBANGKOK (Reuters) – Thailand's economy is not doing well and its property sector needs urgent support due to sluggish demand and rising bad loans, Thailand's finance minister said on Wednesday.Finance Minister Pichai Chunhavajira told a business seminar the government is working to raise economic growth this year to 3 percent from a current forecast of about 2.5 percent, adding that that compares with past growth rates of nearly 6 percent.”The economy hasn't been doing well for a long time, growth is worsening, we have structural problems,” he said.China, Southeast Asia's second-largest economy, grew its economy 1.9…
Author: Private Lending Agent
Pakistan, July 9, 2024: Capital Development Authority is set to launch the Punjab IT Board digital system following a setback from the National Information Technology Board (NITB). The strategic move aims to improve operational efficiency. It will also streamline administrative processes, increase transparency and improve service delivery in CDA operations. Related article: CDA cuts deadline for ISB Expressway project “This decision, which comes after several delays in processing by NITB, demonstrates CDA's ability to effectively manage digital infrastructure. Furthermore, we hope that this new collaboration will deliver a user-friendly and more robust digital framework that meets the changing needs of…
Photo credit: AgnosticPreachersKid – CC BY-SA 3.0 Federal Reserve Chairman Jerome Powell has previously said he wants to see more evidence that inflation is under control before lowering interest rates, and since it's far from certain where the economy is headed, it's no wonder he remains concerned that inflation could accelerate again. But there are also risks in the opposite direction, as Chairman Powell has clearly recognized in the past. He said the Fed has an obligation to maximize employment and that this part of the Fed's mission needs to be taken as seriously as its commitment to price stability.…
Indian National Congress (BRS) executive president KT Rama Rao has alleged that the A. Revanth Reddy-led Telangana government, which is reportedly struggling to manage its finances, is planning to mortgage 400 acres of government land to a private lender. The lands, reportedly worth Rs 20,000 crore, are expected to raise Rs 10,000 crore.In a statement on Twitter, KT Rama Rao accused the government of appointing commercial bankers as intermediaries and agreeing to pay a commission of Rs 1,000 crore. He warned that the move could permanently stunt Telangana's development, discourage new investments and industries, and adversely affect job creation for…
An office building in a prime location in Shenzhen was sold at a staggering price of 66.02 million RMB in the fifth auction. The property, with a land area of 3,171.3 square meters, was owned by a well-known high-tech company.The company, which was originally owned by a now-disbanded major mobile phone company that had a major presence in the domestic market, faced financial problems and strategic missteps that ultimately led to its bankruptcy in 2018.The property had previously been auctioned many times without success, but this time it managed to attract four bidders, with the price it won after 55…
Bobby Green progress Norm Utley Buying a home in today's world is a complicated task that requires knowledge of new rules, regulations and procedures. The local branch of Sun American Mortgage, owned and operated by Lori and Norman Utley, will host a free seminar open to the public at the Mesquite Women's History and Cultural Center on Wednesday, July 17th at 5:30 pm, to help consumers navigate the various processes. “We'll be doing town hall style seminars on how to buy your next home, how to take advantage of reverse mortgages and how to buy income-generating properties,” Utley said. “We'll…
Multifamily real estate is at a turning point. After a decade-long bull market of rising rents and cap rate compression, things are starting to slow. Demand for multifamily remains high due to a continuing housing shortage, but the economic slowdown has made renters price sensitive. In fact, in nearly half of U.S. markets, apartment rental prices have fallen in the past year. At the same time, inflation is making it much harder to become an apartment owner. The cost of operating a building continues to increase, and interest rates are the highest they have been in nearly half a century.…
Multifamily real estate is at a turning point. After a decade-long bull market of rising rents and cap rate compression, things are starting to slow. Demand for multifamily remains high due to a continuing housing shortage, but the economic slowdown has made renters price sensitive. In fact, in nearly half of U.S. markets, apartment rental prices have fallen in the past year. At the same time, inflation is making it much harder to become an apartment owner. The cost of operating a building continues to increase, and interest rates are the highest they have been in nearly half a century.…
Canada's real estate industry is adapting to a new trend on the rise in the market: multi-generational living. Given the challenges of today's rising home prices, more Canadian families are looking for creative housing solutions. Tim Sirianos, owner of downtown Toronto-based Re/Max Ultimate Realty, said the trend is evident in his market and will continue to impact the real estate industry for years to come. “Housing affordability, or the lack thereof, is definitely encouraging people to consider multigenerational living. We're seeing it in areas where we've never seen it before,” he explains. “Homes that were once single-family homes are now…
While the majority of homeowners in the U.S. with mortgages continue to have interest rates locked in at less than 5 percent, the percentage of people with mortgages at interest rates above 5 percent has been steadily increasing. According to ICE Mortgage Technology's July 2024 Mortgage Monitor report, 24% of homeowners with mortgages as of May had current interest rates of 5% or higher. “It's striking that just two years ago, nine in 10 mortgage holders were below that threshold,” Andy Walden, ICE's vice president of research and analysis, said in the report. “Overall, there are 5.8 million fewer mortgages…