Monday, December 23

Tag: real estate

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 
17Dec By adminNo Comments
Money

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 

Priscilla Rodriguez, an overnight stocker at a Walmart, has a strategy to protect her credit score as she and her husband look to buy a house.The Sunland Park, N.M., resident uses installment loans from Afterpay to buy groceries, her pricey skin-care products and art supplies for her 10-year-old son, which keeps the balance on her two credit cards low—and the credit agencies in the dark. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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NCLT Mumbai Approves Sale of RCom Real Estate Assets, Shares
15Dec By adminNo Comments
Business

NCLT Mumbai Approves Sale of RCom Real Estate Assets, Shares

The filing attached an order of the National Company Law Tribunal’s Mumbai bench. Resolution professional can sell assets of the company after submission of the resolution plan for approval by the tribunal, according to the order.Insolvency tribunal NCLT Mumbai has approved the sale of some of the real estate assets of telecom company Reliance Communications, a regulatory filing said on Wednesday.The filing attached an order of the National Company Law Tribunal’s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.“…this Tribunal clarifies that the Applicant/RP can sell assets of the Corporate Debtor (as described in Para 1 abo...
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What Fed Rate Cuts Mean for Home Buyers in 2024
14Dec By adminNo Comments
Money

What Fed Rate Cuts Mean for Home Buyers in 2024

Getting a mortgage should be slightly less painful in 2024.On Wednesday, the Federal Reserve said it expected to cut interest rates three times next year. The Fed’s forecast brings a dose of holiday cheer to hopeful home buyers who have felt squeezed out of the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A Lake Tahoe Home With Its Own Sandy Beach Lists for $49 Million
14Dec By adminNo Comments
World

A Lake Tahoe Home With Its Own Sandy Beach Lists for $49 Million

Dec. 14, 2023 10:30 am ETListen to article(2 minutes)Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.A Nevada home with a sandy beach on Lake Tahoe is hitting the market for $49 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Property Crash Draws Short-Sellers. Better Late Than Never.
14Dec By adminNo Comments
Money

Property Crash Draws Short-Sellers. Better Late Than Never.

With interest rate cuts looking more likely, now isn’t an obvious time to make bearish bets on real estate. Luckily for short sellers, the Fed probably won’t move fast enough to wreck their favorite new trade.Mortgage real-estate investment trusts, which offer bridging loans to commercial property owners, have caught the eye of short sellers. Carson Block’s Muddy Waters hedge fund announced a stake in blue chip Blackstone Mortgage Trust last week. Viceroy Research, the fund that previously bet against troubled real-estate stocks SBB and Adler Group, went public with a position in Arbor Realty Trust in mid-November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
Money

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
World

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why It Took 17 Years to Build 49 Housing Units in Los Angeles
13Dec By adminNo Comments
World

Why It Took 17 Years to Build 49 Housing Units in Los Angeles

Listen to article(2 minutes)A Los Angeles nonprofit was given government land in January 2007 to build a few dozen units of affordable housing. They’re finally hoping to open the building next year. Lorena Plaza, a 49-unit development rising in the predominantly Latino neighborhood of Boyle Heights in eastern Los Angeles, is taking longer to complete, a city official said, than practically any other residential building this size in the history of Los Angeles. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chinese Leaders Vow to Step Up Support for Flagging Economy
12Dec By adminNo Comments
World

Chinese Leaders Vow to Step Up Support for Flagging Economy

Chinese leaders vowed to increase government spending and monetary support for the economy at an annual gathering, signaling they plan to stick with a measured approach to stimulus despite calls for bolder action. The Central Economic Work Conference, which ended Tuesday, capped a bruising year for the country’s economy, which has struggled with a drawn-out housing crunch and weak consumption.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Migrant Crisis and the Urban Death Spiral
11Dec By adminNo Comments
Health

The Migrant Crisis and the Urban Death Spiral

Cities are organic entities. They have life cycles. They can thrive and grow or suffer and shrink. As secretary of housing and urban development, I learned this firsthand. Detroit wasn’t always the Detroit of today. San Francisco today is different from San Francisco 10 years ago. New York, Los Angeles and Chicago aren’t what they were 20 years ago. It’s time we opened our eyes to reality. Many cities are going backward.We are experiencing an unrecognized urban crisis as cities grapple with post-Covid realities. Cities were created primarily as locations for employment. Post-Covid remote work, Zoom meetings, abbreviated workweeks and increased mobility change the basic urban equation. Fewer people need to be in the city to work, and during Covid many adopted new lifestyles and locations. ...
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