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11.09.26 - 02:01
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Benchmark mortgage rate hits 14-month high as bond yields keep rising (The Hill)
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The U.S. 30-year mortgage rate reached a 14-month high on Thursday, as global bond yields continue to rise. The benchmark 30-year fixed mortgage rate is 6.76 percent this week, up from 6.71 percent a week ago, Freddie Mac reported Thursday. That marks the highest point for the 30-year rate since the week ending June 26,......
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11.09.26 - 01:00
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Hong Kong home prices headed for 15% gain this year, Midland forecast says (SCMP)
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Hong Kong's home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty.
Underpinning the positive forecast, the city's banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday.
Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market......
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10.09.26 - 22:30
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Home sales drop to lowest level since June 2025 (The Hill)
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Sales of existing homes dropped to their lowest level in over a year last month amid rising mortgage rates and housing prices, according to a report released Thursday. The National Association of Realtors (NAR) found that sales of previously occupied homes fell by 2 percent in August from the previous month to a seasonally adjusted......
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10.09.26 - 22:21
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Head Of Blackstone′s Real Estate Group Abandons Ship After Less Than A Year (ZeroHedge)
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Head Of Blackstone's Real Estate Group Abandons Ship After Less Than A Year
Submitted by QTR's Fringe Finance
The Incentive To Stay, The Psychology Of Leaving
Head of Real Estate Nadeem Meghji is leaving Blackstone less than a year after taking sole control of its real-estate business, according to a new report from the Wall Street Journal.
The official explanation is a desire to spend more time with family. That may be entirely true. But when the head of one of the world's largest real-estate investment businesses decides to leave after nearly two decades, and less than a year of becoming the boss of real estate, I think investors are entitled to wonder whether the timing tells us something.
His departure follows that of former co-head Kathleen McCarthy in 2025 and comes amid a broader turnover of senior real-estate executives over the past several years. Blackstone has named David Levine and Giovanni Cutaia as his successors, emphasizing the depth and continuity of its leadership benc...
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10.09.26 - 19:27
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Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High (ZeroHedge)
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Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High
Existing home sales tumbled for the 3rd straight month in August, falling 2.0% MoM, sparking its biggest annual decline since January...
This implied an annualized rate of 3.98 million in August, marking one of only two times since the fall of 2024 that sales have dipped below 4 million...
“Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buying activity due to high mortgage rates,” said NAR Chief Economist Lawrence Yun.
“Still, home prices are rising, and existing home sales are actually up 1.6% year-to-date through the first eight months of the year..." Yun noted.
"Homebuying demand, despite higher interest rates, is no doubt being supported by rising wages, which grew 3.1% in August, along with 643,000 net new jobs added since the start of the year. Job creation and wage growth typically drive housing demand.”
The median sales price rose 1.6% fr...
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10.09.26 - 14:30
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SHKP posts 4.6% profit rise amid Hong Kong′s property recovery (SCMP)
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Sun Hung Kai Properties (SHKP), Hong Kong's biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations.
Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday.
“For the year under review, Hong......
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