In the second quarter of 2022, continued solid fundamentals reflect an ongoing healthy demand for commercial real estate across most sectors, even as concerns about a slowing economy dominate the outlook. Despite uncertain economic conditions, the apartment and industrial sectors saw near-record and record levels of construction, respectively. The office and retail experiences were considerably…
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Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood at 2.87%. The average rate on 15-year, fixed-rate mortgages,…
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It’s hard to underestimate the strength of Florida’s current home price increases in the second quarter of 2022 based on the Federal Housing Finance Agency House Price Index (FHFA HPI). Index scores are based on mortgages – more than half of all in the U.S. – backed by Fannie Mae and Freddie Mac. Of the…
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The U.S. housing market is undergoing a correction after two years of unrestrained price appreciation, with higher mortgage rates squeezing out buyers who were banking on new construction. “We should anticipate fewer homes being built over the next 12 months,” says Zonda chief economist Ali Wolf. “The new-home market is struggling right now. Demand has…
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The dollar recently reached an all-time high in the Colombian market. Experts claim that the reasons for this currency rise and fall of the Colombian peso are mainly the fear of a global recession, the climate of political uncertainty in Colombia, as well as high inflation. Added to this is an increase in interest rates…
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En días recientes el dólar llegó a los $4.600 pesos, marcando un alza histórica. Expertos esgrimen que las razones de este aumento en la divisa y la caída del peso colombiano son: el temor a una recesión mundial, el clima de incertidumbre política en Colombia y en cifras, la inflación en el país a julio…
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¿Invertir o gastar? La respuesta parece muy fácil, pero depende del nivel de vida que quiera cada individuo del planeta. Es claro que darse lujos parece ser muy importante para algunos, pero el ahorro en momentos de una difícil situación económica como la que vive la humanidad parece ser más inteligente. Muchas son las formas…
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Portafolio, La República, La Gran Noticia , Journal Time y RCN han dado su opinión sobre el momento socioeconómico que vive el País sudamericano y la posibilidad real de aprovechar la coyuntura, invirtiendo de manera segura y con alto nivel de retorno, como en Florida, donde nuestra empresa está presente desde 2008, haciendo de U.S.…
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Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors® (NAR). All four major U.S. regions included in the analysis had month-over-month and year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slipped 5.9% from June to a seasonally…
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Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, more markets saw double-digit annual price gains compared to the prior quarter, according to the National Association of Realtors®’ (NAR) latest quarterly report. Of the 185 metro areas tracked by NAR, 80% posted double-digit price gains, up from 70% in the…
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