Sales of distressed commercial property in Hong Kong surged in the first half of the year, accounting for about three-quarters of the total, and unusually high levels of activity are expected in the coming months, according to CBRE.Distressed sales typically account for less than 10% of commercial property transactions in the city, but investors are finding it increasingly difficult to repay debt as interest rates have risen to a 23-year high in the 16 months since March 2022, according to property consultancy firms.Total commercial property transactions in the first half of the year totaled HK$23.1 billion (US$2.95 billion), the second…
Author: Private Lending Agent
Analysts at Citi predict the Federal Reserve could cut interest rates by 200 basis points over eight meetings through the summer of 2025 as the U.S. economy cools. Citing new signs of a slowing economy and rising unemployment, the bank sees the Fed cutting rates by 25 basis points over eight times between September and July 2025. This would take the benchmark interest rate to 3.25-3.5% from the current 5.25-5.5%, which Citi expects to remain at for the rest of 2025. Traders are expecting the first rate cut to likely come in September, following Fed Chairman Jerome Powell's dovish comments…
Analysts at Citi predict the Federal Reserve could cut interest rates by 200 basis points over eight meetings through the summer of 2025 as the U.S. economy cools. Citing new signs of a slowing economy and rising unemployment, the bank sees the Fed cutting rates by 25 basis points over eight times between September and July 2025. This would take the benchmark interest rate to 3.25-3.5% from the current 5.25-5.5%, which Citi expects to remain at for the rest of 2025. Traders are expecting the first rate cut to likely come in September, following Fed Chairman Jerome Powell's dovish comments…
Description of hedging instruments There are many different instruments available for hedging mortgages, but the use of To Be Announced Mortgage-Backed Securities (TBAs) is one of the most commonly used instruments. TBAs represent a commitment to provide or receive agency mortgage-backed securities pools (UMBS) subject to delivery rules and settlement calendars established by the industry trade group, the Securities Industry and Financial Markets Association (SIFMA). These commitments are traded in the over-the-counter market, with liquidity provided by both major broker-dealers and smaller regional broker-dealers. TBA markets exist for 30-year and 15-year commitments for all three federal mortgage market agencies: Fannie…
Image credit: © Olivier Le Moal | Dreamstime Faced with market fluctuations and rising everyday costs, participants and retirees alike are expressing concern about their retirement goals, leaving more retirees feeling anxious about the long term. A new Advisor Authority survey from the National Retirement Institute found that 31% of retirees are more worried about retirement than their older counterparts, a sentiment compounded by 22% of investors worrying about making monthly payments and 25% still paying off credit card debt. Having enough money to live everyday life while also enjoying retirement is proving to be a tricky balance for some…
Owning Manhattan. (From left) Jade Schenker Denham, Tricia Lee, Niall Lundgren, Chloe Tucker Cain, Genesis Suero, Savannah Gowerty, Jordan March, Ryan Serhant, Jonathan Normall, Jessica Taylor, Jessica Markowski, Jeffrey St. Arromande and Jordan Hart in Owning Manhattan. Photo by Winnie Oh/Netflix © 2024Ryan Serhant's latest reality show for Netflix, “Owning Manhattan,” has been generating quite a bit of buzz since it began in late June. Despite only premiering on June 28, the show ranked in Netflix's top 10 most streamed shows in the U.S. for the week ending June 30. The show features Serhant, who is no stranger to reality…
Los Angeles, California: The average interest rate on a 30-year mortgage rose this week for the first time since late May, increasing the cost of borrowing money for a home. Freddie Mac reported that interest rates rose to 6.95% from 6.86% last week. Rates averaged 6.81% a year ago. The increase came after a four-week period of declining rates, which have mostly hovered around 7% so far this year. Rising mortgage rates have significantly increased borrowers' monthly payments and are contributing to the long-term slump in home sales that began in 2022. Rates on 15-year fixed-rate mortgages, popular with homeowners…
Business acquisition loans are specifically designed to fund the acquisition of an existing business or franchise. These small business loans are available from banks, credit unions, and online lenders.The best business acquisition loan is the most affordable option available to meet your needs.To better understand the unique needs of your business, we'll begin by completing a short survey.Once you find your perfect match, our team will be happy to guide you through the next steps of the process.What is a Business Acquisition Loan?Business acquisition loans are used to acquire a business, whether that be buying an existing business, becoming a…
[Editor’s note: Originally published on Proptech Consulting.] In recent years, drones have revolutionized the commercial real estate sector, forever changing the way properties are marketed and managed. Originally associated with military and recreational uses, unmanned aerial vehicles now offer a series of benefits not available through traditional methods. High-resolution aerial photography captures the property and its surroundings in incredible detail, providing a comprehensive perspective to potential buyers. Image Generator: DALL-E. Prompt: Show a drone flying over a commercial office building being shot at by a cannon Bills pending in the US Congress could thwart this progress. Following the recent passage…
The markets are rushing to the close with just one hour to go, but Market Domination’s Julie Hyman and Josh Lipton are still here to walk investors through the day’s biggest stories and stock moves.BD8 Capital Partners CEO and chief investment officer Barbara Doran lays out the key differences between President Biden and former President Trump’s fiscal policies, and what they both mean for US equity markets (^DJI, ^IXIC, ^GSPC) at large. Doran sticks around for today’s episode of Good Buy or Goodbye and argues which music label stock investors should be watching.Moody’s Analytics head of commercial real estate economics…