Tuesday, December 6, 2022
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Mortgage rates will fall to 4.5% in 2023? That’s the estimate from Fannie Mae. Here’s what that means for homebuyers

[ad_1] The Good Brigade | Digitalvision | Getty ImagesMortgage rates are projected to decline next year — but that doesn't mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs.The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according

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Bankers are steadily loosening their purse strings for realty

[ad_1] Real estate financing and mechanisms are undergoing a change as the banking sector's credit to the property developers across the country has increased steadily following the Covid-19 pandemic. Commercial banks net credit to the real estate sector witnessed 3.5 times growth during 2021, as compared to the pandemic period, shows

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Chinese property developers’ cash flows have plunged by more than 20%

[ad_1] Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real estate complex developed by state-owned conglomerate Poly Group.Future Publishing | Future Publishing | Getty ImagesBEIJING — Chinese property developers' cash

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Here’s where China’s real estate troubles could spill over

[ad_1] China's real estate industry accounts for more than a quarter of national GDP, according to Moody's. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province.Costfoto | Future Publishing | Getty ImagesBEIJING — China's real estate troubles could spill into other major sectors if

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How Detroit moved on from its legendary bankruptcy

[ad_1] A new wave of development is rippling through downtown Detroit."Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022," said Ramy Habib, a local entrepreneur. "It is absolutely magnificent what happened throughout those 15 years."Between 2010 and 2019, just 708 new housing structures

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A ‘shakeout’ among mortgage lenders is coming, according to CEO of bank that left the business

[ad_1] A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010.Simon Dawson | Bloomberg via Getty ImagesBanks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve's interest rate hikes.Some firms will be

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Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors

[ad_1] Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market's post-Fed-decision jump.Mike Wilson, the firm's chief U.S. equity strategist and chief investment officer, said he believes Wall Street's excitement over the idea that interest rate hikes may slow sooner than expected is

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Top Federal Reserve officials say they misread inflation and now plan to correct the course

[ad_1] Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy.A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake."The forward guidance, overall, slowed the

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China’s property sales are set to plunge 30% — worse than in 2008, S&P says

[ad_1] Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai'an, Jiangsu province, near Shanghai.Future Publishing | Future Publishing | Getty ImagesBEIJING — China's property sales are set to plunge this year by more

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Goldman Sachs cuts earnings outlook for MSCI China to zero growth

[ad_1] In China, people typically buy apartments before they are completed. Pictured here on June 28, 2022, are unfinished residences in Nanning, Guangxi Zhuang Autonomous Region.Future Publishing | Future Publishing | Getty ImagesBEIJING — Goldman Sachs has cut its forecast for the MSCI China index due to a worsening slump

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