House prices

House prices still below pre-financial crash highs in much of Britain

Despite a booming property market and house prices currently hitting an ‘all-time high’, they still haven’t peaked before the financial crash in all but three parts of the UK, though the inflation is factored in, new data shows. Research from Warwick Estates highlights land register data which shows average house prices in Britain currently stand […]

Shiller price index

Capital calls: the awkward poker face of Powell

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on Capitol Hill in Washington, December 1, 2020. Susan Walsh / Pool via REUTERS Concise information on global finance. ———————————————– POKER FACE. US Federal Reserve boss Jerome Powell keeps his cards handy. The central bank Wednesday maintained status quo on interest rates and […]

Shiller price index

The Taper Next Door: Bank of Canada cuts bond purchases by 25%. Total assets decrease by 13%. Rate hikes progress, possibly in July 2022

The madness of housing is at the center of concerns. By Wolf Richter for WOLF STREET. The Bank of Canada, which already owns over 40% of all outstanding Government of Canada (GC) bonds – compared to the Fed, which holds less than 18% of all outstanding US Treasury securities – announced today that it would […]

House equity

Legislation Aims to Fix Stalled Fairness Efforts in Illinois Cannabis Industry | Chicago News

Recreational marijuana has been legal in Illinois since January 2020, and sales have skyrocketed. March saw the state’s highest cannabis sales to date. The Illinois Department of Financial and Professional Regulation reported sales topped $ 100 million (cannabis users in and out of state spent $ 109,149,355.98 on greenbacks for the drug. green leaf). But […]

Real estate

NAI Horizon’s Church Realty Solutions Practice Connects Real Estate to Ministry

A collaborative effort of experience, tenacity and creativity played a role Horizon NAIChurch Realty Solutions has negotiated three agreements totaling $ 3.8 million, “linking real estate to the ministry.” NAI Horizon Senior Vice President Thomas Smith helps churches acquire new buildings, lease some or all of their existing facilities, reuse buildings to house places of […]

Real estate

Do you want to develop in real estate? This is how two designers did it

Real estate and home design occupy the adjacent realms, but the crossover seems rare – or at least hidden from view. Particularly in the high-end design, those that straddle the two fields seem to pull it back behind the curtain. “It sounds like that secret roadmap or something,” says Raleigh, a North Carolina-based designer. Heather […]

Real estate

Transactly, a real estate transaction processing and coordination company, acquires SoMo Transactions | New

ST. CHARLES, Mo., April 20, 2021 / PRNewswire-PRWeb / – Transactly, Real Estate Transaction Processing and Coordination Company, Acquires SoMo Transactions Based Transaction Coordination Company Flagler Beach, Florida to expand its already nationwide, technology-based transaction coordinator footprint. At February 26, 2021, Transactly reached an agreement and SoMo began continuous integration. Transactly simplifies the buying and […]

Real estate

Budget 2021 will not solve the affordability of real estate in Canada

the Budget 2021 won’t make Canadian real estate more affordable for homebuyers, but consumers have dodged a political ‘bullet’ after much speculation about changes to the capital gains tax exemption or other measures aimed at cooling the booming Canadian housing market. The federal government has introduced the following budget items related to housing: $ 2.5 […]

Real estate

How good is your real estate or mortgage CRM software?

Over the past year, among the many challenges and difficulties brought about by the COVID-19 pandemic, the real estate and mortgage sectors have seen a wave of success with low interest rates, refinancing opportunities, etc. More recently, the buzz has surrounded bidding wars over extremely low inventory, buying refinancing, and fluctuating mortgage rates. However, I […]

Real estate

Olive Tree Launches Tech Debt Marketplace to Streamline Commercial Real Estate Lending

NEW YORK–(BUSINESS WIRE) –TrueRate, a debt investment marketplace that optimizes the commercial real estate lending experience by creating true real-time markets, today announced its public launch. With a number of major lenders in the United States as partners on the platform, TrueRate creates active, independent asset class markets for bridge loans, agency loans and other […]

Real estate

American Mortgage Network makes a first purchase to develop its real estate portfolio | New

SAN DIEGO, April 20, 2021 / PRNewswire-PRWeb / – Mortgage banker American Mortgage Network (AmNet), a 100% employee-owned company (ESOP), has acquired its first property to expand its real estate portfolio for employee retirement. The company acquired two 1800 square foot homes on the same land near downtown Phoenix. He plans to identify more assets […]

House equity

Warren Equity announces the acquisition of Magnolia River

DECATUR, Ala – (BUSINESS WIRE) – Warren Equity Partners, a lower middle market private equity fund, is pleased to announce the acquisition of Magnolia River International, Inc. (“Magnolia River” or the “Company”). Magnolia River, based in Decatur, AL, is a leading provider of inspection, engineering, design and Geographic Information System (GIS) services for gas distribution […]

House equity

Biden administration officials: vaccine fairness takes work

Distributing the coronavirus vaccine to community health centers has been “essential” to the Biden administration’s goal of immunizing Americans while maintaining racial equity, said Cameron Webb, senior White House policy adviser for COVID-19 fairness at an Axios event on Tuesday. What they say: Webb said the administration is committed to getting everyone vaccinated, but “there’s […]

House prices

Who benefits from the government to boost the housing market?

On Monday April 19, the government launched a new mortgage guarantee scheme, which was announced in this year’s budget, to encourage lenders to offer mortgages to buyers with deposits covering as little as 5 percent of the property’s value. Under the plan, the government will compensate banks and building societies if homes purchased with these […]

Real estate

Petition launched against the Bank of Canada’s quantitative easing policy leading to “real estate inflation”

Five years ago, Burnaby resident Raymond Wong launched a parliamentary petition against foreign buyers of Canadian real estate, particularly in Metro Vancouver. It was April 8, 2016, a time when foreigners were blamed for the high price of housing. Shortly thereafter, the government of then-Liberal premier of British Columbia Christy Clark announced a tax on […]

House equity

Bank has the right to pursue a claim for a longer statute of limitations on the loan | Balch & Bingham LLP

Under Alabama law, the statute of limitations for an “open account” is shorter (3 years) than for a “stated account” or breach of contract claim (6 years). In Cadence Bank, NA v. Robertson, No. 1190997, 2021 WL 1230165 (Ala. April 2, 2021), the Alabama Supreme Court overturned a trial court for issuing summary judgment in […]

Real estate

Real estate developers fear construction activity will halt after Delhi lockdown

Synopsis “In the UP, the workers have fallen behind because of the Panchayat elections. Obviously, there is fear among them and the recent shutdown announced by the Delhi government will further exacerbate the problem, ”said RK Arora, Chairman of Supertech Group and Chairman of NAREDCO-UP. Real estate developers fear construction activity could stop again as […]

House prices

Accommodation prices in Essex: the ‘old-fashioned’ village named one of the best ‘luxury’ suburban villages

The Daily Telegraph named a village in Essex as one of the best suburban towns for those on a big budget. Stock is an affluent village near Billericay, Essex, and has been named as one of the best places for wealthy Londoners looking to settle further afield, while still maintaining a close connection to the […]

House equity

New major investor at Ibrox – partner in $ 11 billion capital house

Rangers International Football Club, the holding company of Rangers Football Club Ltd, has announced an update to its shareholder list. In a very interesting development, a new name appeared meaning another seat at the table. The plot continues deeper with a scratching of the surface. Perron Investments LLC is listed as the owner of 16,250,000 […]

Shiller price index

Equity Futures Point Lower Despite Bullish Earnings Season

Dow Futures See Triple Digit Drop Stock futures are lower this morning and expected to expand yesterday’s losses after the main benchmarks have succumbed to profit taking. Dow Jones Industrial Average (DJI) futures contracts forecast a drop of 139 points. Likewise, futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also considering […]

House equity

The Facts About Marijuana Fairness and Decriminalization

Decriminalization refers to the elimination of criminal penalties for the use, possession or sale of drugs. There are many legitimate reasons to support the decriminalization of marijuana, but the primary motivator for many is to right the injustices caused by decades of harsh crackdown on marijuana-related crimes, especially against people of color. Why it’s time […]

House equity

Environmental and rights groups join forces to promote fairness in Biden’s solar efforts

A new coalition has formed to help ensure federal efforts to develop solar power don’t leave poor people and communities of color behind. Driving the news: The dozen members of the Universal Solar Access Coalition include Earthjustice, the Community Solar Access Coalition, GreenLatinos, Solar United Neighbors and the NAACP. Why is this important: The White […]

House prices

Examining the role of leverage in house prices: Westpac

The CEO of the big bank pointed to “much lower” debt levels in the real estate market compared to previous price spikes when asked about the macroprudential tightening of lending standards. Westpac chief Peter King made the observation during the House of Representatives Standing Committee on Economics hearing last week when committee chairman Tim Wilson […]

House equity

Shockoe Hill Apartments for Low-Income Seniors to Receive $ 15M Renovation

The Shockoe Hill Apartments in the 200 block of Hospital Street. (Photos of Jonathan Spiers) A senior apartment community in one of Richmond’s most imposing 19th-century structures is set to get a multimillion-dollar upgrade. Shockoe Hill Apartments, a subsidized housing complex for low-income seniors in the 1860s hospice on Hospital Street, is set to do […]

House equity

Unaudited results of LHV group for the first quarter of 2021 tallinn stock exchange: LHV1T

In the first quarter of 2021, the AS LHV group achieved a total of 11.4 million euros in consolidated net income. During the quarter, the bank achieved a net profit of 11.8 million euros, including 2.2 million euros from customer services related to the UK branch. Varahaldus generated 0.6 million euros in net loss and […]

House prices

How Southern California’s ‘savings’ in house prices declined in March – Orange County Register

The North-South California home price gap fell to 42% in March as records were broken statewide. My trusty spreadsheet, filled with California Association of Realtors Monthly Data on Existing Single-Family Home Sales, shows that the era of the pandemic pushed prices slightly faster south in March. Cheap mortgages, limited inventory to buy and cravings for […]

House prices

Home Prices in Kent: The 10 Zip Codes Where Homes Sell Fastest

Kent has many incredible qualities, with beautiful views, houses and a lovely setting. New statistics from Property Solvers, a quick site for buyers and auctioneers, have identified the places where homes in the county are selling the fastest. Statistics track when a property is listed on the UK’s largest property portal Rightmove to the point […]

Shiller price index

Wood frenzy drives home prices up as suppliers can’t keep up – Daily Breeze

By Marcy Nicholson | Bloomberg The frenzy sweeping the lumber market will likely continue to pass through the summer peak in US residential construction, as labor shortages and depleted stocks mean supplies cannot keep up with growing demand. Tightness is acute throughout the timber supply chain. Sawmills have struggled to ramp up quickly enough to […]

Shiller price index

3 stock picks with a low Shiller price-earnings ratio

Selecting stocks with compelling Shiller price / earnings ratios increases the likelihood of identifying value opportunities, in my opinion. So investors may want to consider the following companies because their Shiller price-to-earnings ratios are below the S&P 500 index’s historic average of 16.81 as of Friday, April 9. Virtu Financial Inc The first company to […]

Debt

NJ will not tax federal coronavirus relief loans to ‘besieged’ small businesses, says Murphy

New Jersey will not require the more than 175,000 businesses that received paycheck protection program funds in the past year to pay income taxes on their canceled loans, the government said. Phil murphy announced Tuesday. The state will align with the federal government’s handling of loans, exempting the portion of a PPP loan that is […]

Debt

Tolerance on the Galileo gas pipeline proposal | Liverpool City Champion

Farmers are alarmed at the prospect of a new pipeline which they believe could lead to further development of gas fields in the Galilee Basin in central Queensland. The planned project stretches over 500 kilometers to link Galilee Energy Limited’s Glenaras gas project near Longreach to the Queensland Jemena gas pipeline near Injune. Galileo Basin […]

Debt

Letter from Curt Schilling to the Baseball Hall of Fame: what the former Red Sox wrote to ask to be removed from the ballot

Long before Tuesday’s announcement that no player had been elected to be entered in the 2021 National Baseball Hall of Fame class, Curt Schilling predicted he would not receive the necessary votes to be inducted. On Monday, he said he wrote a letter to the Hall of Fame, asking that his name no longer appear […]

Debt

Priest and religious brother sexually assaulted former Mount Loretto resident, lawsuit says

STATEN ISLAND, NY – In the latest in a series of lawsuits, another former resident of the Mission of the Immaculate Virgin in Mount Loretto alleges he was repeatedly sexually assaulted by clergy and staff there -low. New Jersey resident Francisco Pamias was assaulted by a priest, the late Rev. Eugene Mangan, as well as […]

Debt

Pant expected to replace Iyer or Samson in India ODI, T20I teams: Hogg

Former Australian all-rounder Brad Hogg called on Indian coaches to include Rishabh Pant in India’s limited-pass teams, saying the batsman’s ability to play unconventional shots makes him difficult to play. “I would put him there now because he has the confidence and conviction. He has proven himself with two winning strokes in this test series. […]