Category: Other
5 Reasons Why India’s Super-Rich Are Migrating to the UAE – Trak.in
A recent report by Henley & Partners has highlighted a growing trend: India’s super-rich are increasingly migrating to the United Arab Emirates (UAE). In 2023, an estimated 4,300 millionaires are expected to leave India, with Dubai being the top destination. This migration trend underscores the UAE’s allure for high-net-worth individuals seeking better opportunities and lifestyle improvements. Here are five reasons why India’s wealthy are choosing to make the UAE their new home. 1. Attractive Investment and Property Market The UAE, particularly Dubai, has become a favored destination for India’s wealthy…
Read MoreWeek Ahead: Politics, Economics, and the Yen – Forex Factory
From marctomarket.com The relationship between interest rate expectations and the foreign exchange levels is more complicated than many textbooks or conventional wisdom allows. Australia’s and Norway’s central banks pushed against rate cuts this year, and their currencies were rewarded. The Reserve Bank of New Zealand said more or less the same thing, but investors are less sanguine and took the New Zealand dollar down as much as it took the Australian dollar higher. The Bank of Canada is perceived to be one of the most dovish G10 central banks. The…
Read MoreThe Population Bust and the Market for “Stuff” – Forex Factory
From theglobalist.com Preserving factory jobs is a perennial political imperative almost everywhere. Manufacturing has a prominent place in the political discourse – and beware the politician who suggests otherwise. This thinking shapes trade policy, which is overwhelmingly devoted to rules governing the exchange of goods made in factories. From boom to bust But in a world in which the population boom has turned to bust, this orientation is misplaced. With populations now shrinking in many countries, we are looking towards a future in which the demand for goods is likely…
Read MoreBlue state residents are fleeing to red states for lower house prices: ‘Don’t Bring Your Politics,’ locals warn – New York Post
America’s Republican-leaning red states are winning at drawing in new residents from blue states—but locals don’t like it one bit. The Republican counties—defined by the 2020 presidential vote—gained 3.7 million more people than they’ve lost since 2020. Meanwhile, Democratic “blue” counties lost 3.7 million more residents than they gained over that same time frame, according to a Stateline analysis of U.S. Census Bureau estimates and county presidential election data by the University of Michigan. Much of this mass migration has to do with real estate prices, which have shot up…
Read MoreHigher premiums leave fewer dollars for mortgage payments – The Mercury News
Lafayette, California, is one suburb where the insurance crunch has made for a home-buyer headache.(David Paul Morris/Bloomberg) By Nadia Lopez and Paige Smith | Bloomberg California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse. Under the pressure of a looming closing date, prospective buyers are enduring lengthy, complex searches — and a fair amount of sticker shock – for a product that used…
Read MoreCharter School Inks 63k SF In New Brownsville Building – The Real Deal
A Brooklyn charter school just inked a 35-year lease for its elementary and middle school. Imagine Me Leadership Charter School will take 63,000 square feet at 39 Truxton Street in Brownsville. The school, which opened in 2011, will occupy the entire building, which was built on spec by Fulton Gate Realty LLC. It will relocate sometime during the next school year from modular classrooms in the parking lot at St. Paul Community Baptist Church in East New York. The structure had already been built in anticipation of a school and…
Read MoreCAs Most Expensive Home Sale Ever: Malibu Estate Shatters Record – Patch
But now there’s a new record for the most expensive home sale in Golden State history: The $210 million deal for a Malibu mansion sold by Oakley founder James Jannard, just 7 miles up Pacific Coast Highway in Malibu, the Los Angeles Times reported. The property is a gem among gems, even in Malibu’s enviable real estate market: The 9.5-acre lot includes 300 feet of ocean frontage near El Pescador State Beach. “Echoing the reserved character of the exterior, the interiors employ a classical vocabulary of ornament, but maintain a…
Read More4 cities where housing is ‘impossibly unaffordable,’ all in same state – Business Insider
Real Estate Housing is now ‘impossibly unaffordable’ in these 4 cities — and they’re all in the same state Theron Mohamed 2024-06-18T09:36:15Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link lighning bolt icon An icon in the shape of a lightning…
Read MoreState’s ‘Progressive’ Policies Blamed for Housing Market Crisis: Report – Newsweek
Housing policies in California have contributed to making homes unaffordable in the state, stifling the ability of young people in the state, minorities and immigrants from moving up the income ladder, a report claims. Read more: How to Calculate How Much House You Can Afford The Golden State has seen some of the highest home prices since the pandemic jolted the housing market as low rates sparked demand for homes which in turn escalated competition for homes and led to a rise in the cost of properties. In February 2020,…
Read MoreHome Buying Hazard: Top U.S. Cities Where Your Investment May Sink, According To ‘Special Housing Risk Report’ – Benzinga
California, New Jersey, and Illinois face heightened housing market risks, marked by a concentration of counties vulnerable to market downturns. Identified in a “Special Housing Risk Report” issued by ATTOM on Thursday, the study analyzed data from 590 counties across the U.S. and found wide disparities in housing market stability. Focusing on indicators like home affordability, underwater mortgages, foreclosure rates, and local unemployment, the report aimed to identify how market dynamics in those states contrast with less vulnerable areas predominantly located in the South and Midwest. In regions like Kings…
Read MoreAverage home price 3.4 million liras in Türkiye: Study – Hurriyet Daily News
ISTANBUL An average home price in Türkiye was 3.4 million Turkish Liras ($103,000) in May, according to the numbers from Endeksa, which compiles data on the real estate market. Home prices rose 48.47 percent annually, while the monthly increase was 0.36 percent. In real terms, adjusted for inflation, the year-on-year increase was 14 percent but home prices declined 3 percent month-on-month. Average home price across Türkiye was 25,931 liras per square meter, according to study by Endeksa. The capital Ankara recorded the highest annual increase in home prices at 55.3…
Read MoreCoastal Counties in US at Risk in Housing Market Downturn – The Real Deal
The vulnerability of county-level housing markets varies across the country, but it’s areas on both coasts that may be at the greatest risk if a downturn occurs. There are significant disparities in market risks, with certain regions facing increased susceptibility to downturns where others could be resilient, according to a recent report from ATTOM. California, New Jersey, and Illinois emerged as focal points for vulnerability, having the highest concentrations of at-risk housing markets. Parts of the greater New York City and Chicago markets, as well as inland California, exhibit heightened…
Read MoreHollywood’s Elite Are Selling NYC Homes—From Baz Luhrmann to Jessica Chastain and Judge Judy – Forbes
Topline A famous director, A-list actor and a daytime TV show host are among the big names looking for luck in New York City’s hit-or-miss luxury real estate market with a slew of recent high-dollar residential listings that feature original details, sprawling layouts and increasingly rare private outdoor space in the heart of Manhattan. Key Facts Sales of luxury homes in New York City are rebounding from a fourth quarter 2023 slump, according to The Wall Street Journal, but local real estate agents still bemoan a hit-or-miss market that has…
Read MoreStates That Face the Highest Risk of Housing Market Slowdowns – Globe St.
A lot of housing market risk is concentrated in relatively small portions of the country, according to a report from real estate data vendor ATTOM. The company examined counties in home affordability, numbers of underwater mortgages, foreclosures, and unemployment. Rankings were based on a combination of these categories in 590 counties with enough data to analyze in the first quarter of 2024. “The report shows that California, New Jersey, and Illinois once again had the highest concentrations of the most-at-risk markets in the country, with some of the biggest clusters…
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