Real Estate

  • FTX executives spent $256 million on Bahamas real estate
    Real Estate

    FTX executives spent $256 million on Bahamas real estate

    The Bahamas has additional than 700 islands and cays remote employees and learners can are living on 16 of them, such as Eleuthera (proven right here). Sylvain Sonnet | The Graphic Lender | Getty Photos Bahhamian attorneys say FTX executives Sam Bankman-Fried and Ryan Salame invested $256.3 million to buy and preserve 35 distinct properties throughout New Providence, Bahamas. Now, Bahamas regulators are hoping to claw back the home from FTX’s U.S. bankruptcy defense proceedings, telling a Delaware federal personal bankruptcy decide that permitting the homes to be administered in U.S. courts would be each administratively ineffective and illegal beneath Bahamas law. It is the initially accurate glance at the…

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  • Housing turnover will drop to lowest rate since the 80s, economist projects
    Real Estate

    Housing turnover will drop to lowest rate since the 80s, economist projects

    UBS U.S. homebuilders and building products analyst John Lovallo discusses whether housing has entered a recession after home search activity on Google plunged in November on ‘Varney & Co.’ Home sale activity next year may reach the lowest point since the early 1980s as households buying or selling real estate retreat from the market, predicts Redfin deputy chief economist Taylor Marr.  Marr projected that only 32 out of 1,000 households will sell their home in 2023.  Affordability in the housing market is likely to “remain a pretty strong constraint” next year even if mortgage rates ease, Marr said. “Mortgage interest rates have risen rapidly this year … raising the monthly…

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  • $2.4 million Houston mansion’s unique shape provides privacy
    Real Estate

    $2.4 million Houston mansion’s unique shape provides privacy

    Houston commuters who traverse Kirby Drive and Shepherd Drive have likely noticed an unusually shaped house along their route. The pill-shaped home at 897 Kirby Drive not only owes its uniqueness to its shape, but also to its windowless front facade and imposing black doors. The Lucian Hood-designed home is more than pleasing to the eye, the lack of front windows provides a buffer from the Kirby Drive traffic. A gated motor court that can be accessed from either Kirby Drive or Shepherd Drive translates to plenty of parking.  When one enters the home, the first feature to catch one’s eye is the dramatic spiral staircase to the left. It twists and…

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  • Real Estate Investor Sam Zell Sees the Fed Raising Rates Close to 6%
    Real Estate

    Real Estate Investor Sam Zell Sees the Fed Raising Rates Close to 6%

    The Fed will need to rate interest rates closer to 6% to meaningfully ease inflationary pressures, said legendary property investor Sam Zell.  A “shocking event” was mortgage rates more than doubling this year, the billionaire told Fox Business.  Zell also sees the US economy falling into a recession.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app There’s little comfort to be had in a recent softening in mortgage rates because the Federal Reserve is likely to continue with its string of rate hikes to catch up in taming inflation, billionaire property investor Sam Zell…

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  • No house, no problem: NIS 300,000 can still buy a ticket on the real estate express
    Real Estate

    No house, no problem: NIS 300,000 can still buy a ticket on the real estate express

    When it comes to buying a home, timing can be everything. And for those looking to get into Israel’s real estate market, the timing could hardly be worse. The past year has seen home prices soar by nearly 20 percent; mortgage rates are also rising, as the Bank of Israel raises interest levels in a bid to curb inflation. Meanwhile, the number of properties available for sale is falling. But experts say there may be little point in waiting for a better time. The costs of buying a home are expected to keep going higher and higher, although the breakneck pace at which they are rising may slacken. For a…

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  • The 10 hottest real estate markets of 2023: Goodbye COVID boomtowns
    Real Estate

    The 10 hottest real estate markets of 2023: Goodbye COVID boomtowns

    After a sudden slowdown in many housing markets this year, will markets that are “slow and steady” shine in 2023? Midsize markets, which saw lower price increases and less of a affordability crunch than others, are poised to see the strongest combined growth in home sales and listing prices in the coming year, according to a report from Realtor.com. With mortgage rates almost doubling since the beginning of the year and home prices continuing to inch up due to low inventory, affordability remains a big concern for buyers. “Because these midsize markets didn’t really surge to new degrees during the pandemic, they are still relatively affordable,” Danielle Hale, chief economist for Realtor.com, told USA TODAY. “Nearly all…

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