real estate

Michael Jackson's Neverland Ranch Under Threat of California Wildfire

Michael Jackson's Neverland Ranch Under Threat of California Wildfire

A wildfire in the mountains above Santa Barbara County's Santa Ynez Valley on July 5 appears to threaten Neverland Ranch, Michael Jackson's former estate.

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China to Spend $42 Billion to Address Real Estate Market Crisis

The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.

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China Plans to Acquire Apartments, Relax Mortgage Rules in Response to Weakening Real Estate Market

Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.

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China Considers Buying Millions of Unsold Homes Amid Real Estate Crisis

China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties

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Google to Invest Additional $2.3 Billion in Central Ohio Data Center Expansion

Google to Close San Francisco Mega-Office at One Market Plaza by 2025

Google announced that they plan to leave its One Market Plaza office in San Francisco by April 2025 in order to consolidate its operations in the Bay Area at a smaller site nearby.

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China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.

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China Pressing Banks to Expedite Loan Approvals to Cash-Strapped Private Property Developers

Chinese authorities are pressuring banks to approve new loans to private property developers faster to boost purchaser sentiment and lower lenders' asset quality.

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China's Property Giant Evergrande and Its Founder Hui Ka Yan Accused of $78 Billion Fraud

China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.

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Home Selling in June Comes With An Extra $7,700 Earnings Amid Anticipated Summer Real Estate Boom

Experts suggest that the ideal time for home selling is in June, with an estimated $7,700 boost, reflecting shifts in real estate buyer behavior due to factors such as the pandemic and mortgage rate fluctuations.

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New Real Estate Rules Ban Secret Commissions to Curb Inflated Home Prices

The recent settlement announced by the National Association of Realtors is set to address concerns about inflated home prices and introduce fairer practices, including negotiable commissions and increased transparency, benefiting both buyers and sellers.

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How Will NAR's $418 Million Settlement Impact Homebuyers' Costs and Real Estate Commissions?

The National Association of Realtors has announced a $418 million settlement to address antitrust litigation, potentially leading to cost reductions for homebuyers and sellers.

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Transwestern Investment Group Closes Funds For Real Estate

Transwestern Investment Group is an investment advisor serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Recently, it just had closed its TSP Value and Income Fund I.

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Lok-Capital Led Fund Pushes Ummeed Housing Finance With $3.5M Investment

Unmeed says that Duane Park is excited about partnering with Ashutosh and his superb team, all of whom have extensive experience in affordable housing finance. The market is growing and dynamic, and Ummeed will emerge as a leader through its organic growth strategy and partnerships

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Sluggish Indian realty spells boom for Godrej Properties

Sluggish sales and the new regulatory bill in India's real estate sector have turned to be favorable for Godrej Properties which is now making heavy investments to cash in on available opportunities in an otherwise sluggish real estate market.

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Home loans turn cheaper as India's RBI cuts rate to 5-year low

The Reserve Bank of India (RBI), India's central bank, has reduced repo rate by 25 basis points to 6.50 percent, indicating an over five-year low. After the rate cut, home loans will be cheaper by half a percentage.

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