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08.10.26 - 13:00
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Retail properties offloaded for losses in weak market as revaluations spark bank concerns (SCMP)
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Several retail properties sold recently by prominent Hong Kong investors have been offloaded at a loss – a trend analysts attributed to banks maintaining a tough stance on debt collection.
Stanley Poon Chi-ming, managing director at Centaline Commercial, said retail property prices had fallen by 30 to 70 per cent from their 2018 peaks. That meant any sales in the current market – especially of properties bought around a decade ago – would essentially result in a loss.
“Many retail property......
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08.10.26 - 09:06
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Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live (The Guardian)
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Brent crude heads towards $103 a barrel while Asian shares slideThe solid Tesco results show why its future looks less like a supermarket chain and more like a consumer data platform, says Nick Sherrard, managing director of the consultancy Label Sessions.He explains:Tesco has turned in another solid set of results, showing it can keep growing even when the wider economy feels uncertain. Sales, profits, and cash generation are all moving in the right direction, and record customer satisfaction suggests shoppers are responding to its mix of low prices, better quality, and easier ways to shop.Bigger picture, the company's growth has quietly become a technology story. Clubcard is one of the richest customer datasets in the UK and its retail media business is now using that to sell very effectively to suppliers. On the consumer side, more personalised offers, wider rewards, and tools like the new AI meal planner seem to be landing well with shoppers, helping Tesco deepen relationships and keep customers choo...
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08.10.26 - 05:18
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US mortgage rates jump to 7.49%, hit highest level in nearly 3 years (Times of India)
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In a notable shift, US mortgage rates have climbed to an alarming 7.49 percent, the peak since November 2023. This increase has further strained the housing market as the election period looms. Mortgage applications saw a 4.2 percent decline last week, reaching their lowest point since February 2025, highlighting ongoing affordability challenges for potential buyers and resulting in fewer refinancing requests amid persistent inflation and economic growth worries....
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08.10.26 - 01:00
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Hong Kong banks grow cautious on One Stanley mortgages amid investigation (SCMP)
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The furore over alleged construction defects at luxury development One Stanley threatens to cast a shadow over Hong Kong's recovering super-prime property market, as banks hold off on mortgages and property agents suspend viewings at the complex while an investigation continues.
“Most [banks] are adopting a wait-and-see approach,” said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, adding that lenders were likely to take a more cautious approach to mortgage......
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07.10.26 - 19:06
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Risse werden sichtbar: 42 % mehr Zwangsvollstreckungen: Kippt jetzt Amerikas Immobilienmarkt? (Wallstreet-Online)
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US-Hypothekenzinsen erreichen fast 7,5 Prozent, Kreditanträge brechen ein und Banken übernehmen deutlich mehr Häuser. Gleichzeitig greifen Käufer wieder häufiger zu riskanteren variablen Krediten... --- Das gesamte Antragsvolumen für Hauskäufe ist gegenüber dem Vorjahr um 15 Prozent gesunken, Refinanzierungen sogar um 56 Prozent. Für Millionen Eigentümer besteht schlicht kein Grund, eine während der Niedrigzinsjahre abgeschlossene Hypothek gegen einen neuen Kredit zu mehr als 7 Prozent einzutauschen..
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07.10.26 - 19:06
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From 3-Year Lows To 3-Year Highs In Nine Months: Mortgage Rates Surge To 7.49% As Bond Rout Hits Main Street (ZeroHedge)
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From 3-Year Lows To 3-Year Highs In Nine Months: Mortgage Rates Surge To 7.49% As Bond Rout Hits Main Street
Last December, we wrote that mortgage rates had dipped to 3-year lows. Nine months, one Middle East war and one global bond rout later, they are at 3-year highs.
According to the latest weekly data from the Mortgage Bankers Association, the average 30-year fixed-rate mortgage jumped another 19bps to 7.49% in the week ended October 2, the highest since November 2023, and up from 7.30% the week before, which itself was a fresh 3-year high.
The culprit is not exactly a mystery. Mortgage rates track the 10Y Treasury, and the 10Y just had its biggest quarterly jump since 1994, hitting 5.34% last week, the highest since 2002. And with the long end leading the latest leg of the selloff, this morning the 30Y climbed to 5.70%, also the highest since 2002, while the 10Y was trading around 5.32%.
Below we look at why the bond rout has finally landed on Main Street, what it is doing to housing (sp...
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