A strategist says to brace for a steep correction in residential and commercial property prices. Chris Vermeulen says he sees a wave of real-estate distress on the horizon. Foreclosure activity could rise as the economy slows and unemployment edges higher, he says. America’s property market is due for a correction. That’s according to Chris Vermeulen, […]
Long known for its pristine beaches and its pleasant year-round climate, Miami attracted attention during the pandemic as Wall Street South, a haven for northern financial types. Attracted in part by lower taxes, a flood of wealthy people and major companies have migrated south to the Miami area in recent years. Companies such as Ken […]
Capital Economics forecast tumbling real-estate construction in the years ahead for China.Pedro Pardo/AFP/Getty Images Capital Economics says an “unavoidable structural decline” in China’s property sector has just begun. Property sales and starts have collapsed, and construction could fall by half in the years ahead. Beijing has taken some steps to boost construction, but that may […]
Detroit, Michigan skyline.Sean Pavone/Shutterstock Basel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. The proposed regulation would require banks to maintain more capital to protect against loan losses. “Basel III could be the end of bank real-estate finance as we know it,” Broeksmit said. Proposed rules that would require bank lenders […]
China’s trying to manage its property crisis so the sector’s troubles don’t spill over. However, history shows that credit-fueled real-estate booms nearly always end with a major banking crisis, said an analyst. Real estate was a key driver of China’s economy that has been struggling to recover post-pandemic. China’s trying to manage its real-estate crisis […]
Pitching his vision of shifting the St Louis Rams to an ultra-modern stadium anchoring a massive land redevelopment near Los Angeles international airport, Stan Kroenke told his fellow NFL owners: “This is what we do”. Nearly eight years later, with the Rams successfully relocated and playing in the $5bn, 70,240-capacity SoFi Stadium complex, Kroenke is […]