As we celebrate Independence Day this year, it's natural to think about the American dream of homeownership. But this dream seems to be in trouble: Real estate transactions are down, and many are wondering why. Is this due to fluctuating interest rates, weak consumer demand, or a reluctance to sell due to a lock-in effect? The demand and dream persists, but its feasibility is under increasing scrutiny. As Gen Z enters the housing market, many say they've given up on homebuying. Some blame millennials, others blame baby boomers, and some say it's actually the baby boomers who faced the toughest…
Author: Private Lending Agent
The American real estate market is likely to undergo a correction.That's the view of Chris Vermeulen, a longtime strategist and founder of The Technical Traders, who predicts that real estate is on the brink of a sharp correction, with both residential and commercial real estate likely to soon see a sell-off that could see prices fall by around 30% in both markets.”People are going to have to sell their homes,” Vermeulen told Business Insider in an interview this week. “You're seeing people realizing they can't pay their mortgage or they're going to have to downgrade their home. A lot of…
Downward angle icon Downward angle icon. The US real estate market could soon undergo a major correction, according to strategist Chris Vermeulen. tommy/Getty Images Get ready for a sharp correction in residential and commercial building prices. That's the view of strategist Chris Vermeulen, who sees a wave of a real estate crisis coming soon. As the economy slows and unemployment rises, foreclosures will rise, he said. The American real estate market is likely to undergo a correction. That's the view of Chris Vermeulen, a longtime strategist and founder of The Technical Traders. Vermeulen predicts that real estate is on the…
New research suggests there is growing optimism among businesses in the Greater Manchester region. The Greater Manchester Chamber of Commerce's latest Quarterly Economic Survey (QES) paints a more optimistic picture than the first quarter of the year, with rising sales and both business and consumer confidence. The Greater Manchester Index, a composite measure made up of the key QES indicators, came in at 30.6, up 27 points on the previous quarter. The survey found that businesses still cite inflation, and particularly wage increases, as their main concern, but that domestic and international demand for businesses is increasing, particularly in the…
Balanced Commercial Property Trust Ltd (LON:BCPT – Get Free Report ) declared a dividend on Wednesday, July 3rd, reports Upcoming.Co.Uk. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX0.44 ($0.01) per share on Wednesday, July 31st. This equates to a dividend yield of 0.53%. The ex-dividend date for this dividend is Thursday, July 11th. The official announcement can be found at this link. Balanced commercial real estate trust transactions increased 0.2% BCPT shares opened at ₹83 ($1.05) on Thursday. The company's 50-day moving average is ₹78.58 and its 200-day moving average is ₹77.16. Balanced Commercial…
Speedwell said in a press release that the expansion follows the acquisition of a 2,290 square metre plot of land in Warsaw jointly owned by BPI Real Estate Poland and Aktīm for an undisclosed amount.The site will house Poland's first purpose-built student accommodation (PBSA) project. The seller is preparing building permits and concepts, and Speedwell expects to begin construction in Q1 2025 with completion prior to the start of the 2026-2027 academic year.Located in Warsaw’s popular district of Mokotów, the student housing unit will accommodate around 600 beds and address the need for quality student accommodation in the Polish capital.“We…
patpitchaya/iStock via Getty Images Over the past six months, we have covered the broad tumult facing the real estate sector (VNQ). Following an unprecedented era of rising interest rates, real estate has struggled to find its footing in a radically different financial environment. We have discussed factors contributing to the broad increases in distressed assets across asset classes and warned of the upcoming wall of maturities. In February, we wrote an article titled “Commercial Real Estate Could Be At A Tipping Point.” The article highlighted a substantial wave of loan maturities in 2024/2025. More specifically, we pointed to parallels leading…
The 2023 Labour Party presidential candidate, Peter Obi, has intensified his criticism of the current administration’s monetary policies, citing recent comments by Africa’s richest man, Aliko Dangote. Obi's statement came in response to protests by Dangote, who claimed the current 30 percent interest rate was stifling economic growth and job creation in Nigeria. “Mr Dangote’s recent vehement protest against the current 30 per cent interest rate underlines my complaint in February about the adverse effects of the current Federal Government’s monetary policy,” Obi said in a statement via X on Thursday. Mr Dangote, chairman and CEO of the Dangote Group,…
The 2023 Labour Party presidential candidate, Peter Obi, has intensified his criticism of the current administration’s monetary policies, citing recent comments by Africa’s richest man, Aliko Dangote. Obi's statement came in response to protests by Dangote, who claimed the current 30 percent interest rate was stifling economic growth and job creation in Nigeria. “Mr Dangote’s recent vehement protest against the current 30 per cent interest rate underlines my complaint in February about the adverse effects of the current Federal Government’s monetary policy,” Obi said in a statement via X on Thursday. Mr Dangote, chairman and CEO of the Dangote Group,…
Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 4 July: Competition Intensifies For Borrower Business HSBC, Barclays and Yorkshire building society have announced reductions to the cost of fixed-rate borrowing in the footsteps of other major lenders including Halifax, NatWest and Santander as expectations grow that interest rates will be cut by the Bank of England next month. The next meeting to determine the Bank Rate, which is currently 5.25%, will be on 1 August. HSBC has cut two, three and five-year residential fixed rates across a broad…