The post Mortgages could increase by £3,300 a year for a million UK households as rates set to rise again appeared first on Weekly Real Estate News.
Mortgages could increase by £3,300 a year for a million UK households as rates set to rise again
Commercial Real Estate
Facing “Unprecedented Challenges” And Soaring Rates, PIMCO-Owned Landlord Defaults On $1.7 Billion In Office Mortgages
Amid the recent record surge in interest rates, the residential housing market may have frozen – as the gap between bids and asks stretches to unprecedented levels – but it is hardly in freefall, courtesy of several […]
Housing Wire
Inventory needs to increase to balance housing market: Fed Beige Book
High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a […]
Commercial Real Estate
Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks
The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned. “This is by far the most serious looming issue,” he tweeted on Saturday. “Mortgages too.” The Tesla, Twitter, and […]