Author: abenasser
Here’s Why New York Community Bank Stock Is Down 68% in the First Half of 2024 – The Motley Fool
The regional bank is struggling with the fallout from risky acquisitions and a challenging commercial real estate market. Shares of New York Community Bank (NYCB 7.40%) dropped 68.6% in the first six months of the year, according to data provided by S&P Global Market Intelligence. The bank slashed its dividend in response to a host of issues, and macroeconomic conditions are fueling investor skepticism about its prospects. Slashing the dividend after struggling to manage acquisitions NYCB had a rough first quarter. The company acquired Flagstar Bank and Signature Bank in…
Read More3 Markets in Florida Peninsula Face High Risk of Housing Crash – Norada Real Estate Investments
Florida’s housing market has long attracted homebuyers enamored with the state’s sunny skies and sandy beaches. However, recent data suggests that not all is smooth sailing ahead. According to the CoreLogic Market Risk Indicator, as of July 2024, three metro areas in the Florida peninsula—Palm Bay-Melbourne-Titusville, Deltona-Daytona Beach-Ormond Beach, and Gainesville—are facing a “very high” risk of housing price declines over the next year. This poses significant considerations for potential buyers and homeowners in these regions. Let’s delve into the specifics. 3 Markets in Florida Peninsula Face High Risk of Housing Crash CoreLogic…
Read MoreFlorida dominates list of best cities for first-time homebuyers while California sinks to the bottom – Fox Business
Realtor.com senior economist Ralph McLaughlin says homebuyers and sellers have ‘more time’ than they think to get a good deal. While the sun shines for first-time homebuyers in Florida, the real estate market has lost its shine in the “Golden” State of California. A new study from WalletHub released Tuesday ranked the best and worst cities for first-time homebuyers in 2024. It measured affordability, real estate and quality of life markers in 300 U.S. locations using 22 key metrics, from home prices to taxes and crime rates. Six out of…
Read MoreReal Estate Market Struggles Impacting Bond Market – Floor Focus
Home News Real Estate Market Struggles Impacting Bond Market New York, NY, July 17, 2024-“The commercial real-estate meltdown is spilling over into the bond market,” reports the Wall Street Journal. “Defaults are mounting in a favorite Wall Street mortgage-bond investment, setting off fresh alarms about the future of offices and malls in cities across the U.S. “There are about $260 billion of the deals, known as single-asset, single-borrower bonds, held by investors such as banks, insurers, pensions and mutual funds. Landlords, often private-equity firms, used that money to purchase skyscrapers,…
Read MoreDubai’s real estate sector rises in H1 of 2024 – MENAFN.COM
Date 7/17/2024 5:56:49 AM (MENAFN) Dubai’s Real estate sector has experienced remarkable expansion throughout the first half of 2024, driven by multiple factors that underscore robust demand and heightened confidence among investors and tenants alike. Key drivers of this growth include investor-friendly policies, a tax-free environment, and substantial infrastructure developments such as the new airport, metro expansions, and the Etihad Rail. These initiatives have spurred interest in surrounding areas and bolstered enthusiasm for upcoming projects. The market has also benefited from a surge in new residents and ongoing construction of…
Read MoreSunny Tyagi look back at a legacy to cherish, and a future brimming with opportunity – Gulf News
Sunny Tyagi In the dynamic landscape of Dubai’s real estate market, Sunny Tyagi has carved out a distinguished career marked by pivotal achievements and strategic leadership. As he bids farewell to Scorpion Property amidst its acquisition by The Luxury Real Estate, Sunny reflects on the milestones achieved and shares insights into the future of the industry. Reflecting on your journey with Scorpion Property and your remarkable career in the real estate industry, what do you consider to be some of your most notable achievements? Reflecting on my journey with Scorpion…
Read MoreSunny Tyagi looks back at a legacy to cherish, and to a future brimming with opportunity – Gulf News
Sunny Tyagi In the dynamic landscape of Dubai’s real estate market, Sunny Tyagi has carved out a distinguished career marked by pivotal achievements and strategic leadership. As he bids farewell to Scorpion Property amidst its acquisition by The Luxury Real Estate, Sunny reflects on the milestones achieved and shares insights into the future of the industry. Reflecting on your journey with Scorpion Property and your remarkable career in the real estate industry, what do you consider to be some of your most notable achievements? Reflecting on my journey with Scorpion…
Read MoreDubai offices see surge in pre-commitment as Indian, Chinese European firms expand to UAE – Khaleej Times
Published: Wed 17 Jul 2024, 11:35 AM The office sector in Dubai’s real estate market is experiencing a significant uptick in pre-commitments for the first time as UAE has emerged as a preferred destination for corporates to expand their footprint in the region. Industry executives say that Grade A office space in Dubai is operating at over 95 per cent occupancy level, with demand mainly coming from Indian, Chinese and European firms alongside existing corporations expanding their operations. “Pre-committing space across under-construction projects has increased across most micro-markets. While it…
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