US Home Mortgage Rates: 30-Yr Loans at 2.86% a Record-Low

US Home Mortgage Rates: 30-Yr Loans at 2.86% a Record-Low

#mortgage #recordlows Mortgage rates in the US dropped to another record low, adding fuel to a housing market that’s been a Key source of strength for the virus chaos economy. The average for a 30-yr, fixed loan was 2.86%, down from 2.93% last week and the lowest in almost 50 yrs of data-keeping by Freddie […]

Homebuyers’ Mortgage Demand + 40% from Last Year

Homebuyers’ Mortgage Demand + 40% from Last Year

#home #mortgages #applications #VA #FHA Mortgage applications to purchase a home rose 3% last week from the prior week but surged 40% from a year ago, according to the Mortgage Bankers Association. The Y-Y comparison is usually in single digits. The Market Composite Index, a measure of mortgage loan application volume, increased 2.9% on a […]

US Home Prices are Up 9%, Inventory is Down 30%

US Home Prices are Up 9%, Inventory is Down 30%

#home #shortage #demand In spite of the chaotic economic downturn last Spring, a home buying frenzy boosted home prices by almost 9% and pushed available housing inventory down 30% in August compared to the same time last year, according to Zillow.  A foreclosure moratorium on federally-backed mortgages which was designed to keep people in their homes […]

Coronavirus Lockdowns Kills Retail Drives Ecommerce

Coronavirus Lockdowns Kills Retail Drives Ecommerce

$AMZN $BABA #ALIBABA #AMAZON #ECOMMERCE #RETAIL While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost. Recent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 percent in only three months […]

More Mixed Data on US Economy

More Mixed Data on US Economy

$USD #CORONAVIRUS #COVID19 US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released Friday. Separately, Coca-Cola and MGM Resorts became the latest major companies to announce massive layoffs as […]

Win or Lose Democrats Will Destroy America

Win or Lose Democrats Will Destroy America

#democrats #joebiden #economy The US Economy is doomed and will die at the hands of the Democrats. Democrats and their minions BLM and Antifa are already laying waste to several cities in the USA. Their Puppets attack everything in the name of one of many Minorities. Hope the US is gone. Should Trump win in […]

Airbnb IPO

Airbnb IPO

#Airbnb #IPO Home-sharing startup Airbnb said it has confidentially filed with US regulators for an initial public offering. The number of shares and price has yet to be determined, according to the San Francisco-based company. The move comes as the travel industry suffers an economic blow from the coronavirus pandemic amid slowdowns in tourism. Airbnb […]

Robert V Matthews Takes a Look at Luxury Villas in Tuscany

Robert V Matthews luxury Real Estate guru takes a look at another discount market worth investing in for the future, Tuscany, Italy. Tuscany is a region in central Italy. Its capital, Florence, is home to some of the world’s most recognizable Renaissance art and architecture, including Michelangelo’s “David” statue, Botticelli’s works in the Uffizi Gallery […]

Robert V Matthews: Luxury Real Estate Lake Como Italy

Real Estate genius and the mind behind some of Palm Beach’s best real estate Robert V Matthews shares some of his inspiration. “it is a buyers market now, if you ever wanted to acquire something special real estate wise the timing has never been better” says Robert V Matthews. Today he takes us for a […]

The Fannie Mae (OTCQB:FNMA) Real Estate Outlook Negative

The Fannie Mae (OTCQB:FNMA) Real Estate Outlook Negative

The Fannie Mae (OTCQB:FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.3 points in July to 74.2, moderating slightly after two consecutive months of advances. Three of the six HPSI components decreased month over month, with consumers reporting a significantly more pessimistic view of homebuying conditions but a more optimistic view of home selling conditions. Year […]

China is Moving Away from US Agriculture, it will Lower Demand for USD

China is Moving Away from US Agriculture, it will Lower Demand for USD

Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing’s purchases of US agricultural goods have yet to reach the deal’s target. As President Donald Trump readies for a tough reelection battle in November, US media reported the two sides are set to meet beginning August 15 […]

The Corona Economy is Unpredictable

The Corona Economy is Unpredictable

Whatever you think you know about markets, the pandemic is not a predictable Global event, it is an uneven and erratic chain of events that have more to do with Governments and fear then reality. Some sectors are doing well, lots of money is being printed and this is a time for extreme caution and […]

An Analysis of Covid 19 and US GDP

An Analysis of Covid 19 and US GDP

The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression.  As noted in the published analysis, the GDP dropped by 32.9 percent on an annualized basis and has […]

How the US Economy is Effected by Covid 19

How the US Economy is Effected by Covid 19

Economic activity in the Services sector (formally non-manufacturing sector) grew in July for the second month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey […]

Residential Housing Market is Worth $35-T, America’s Biggest Industry

Residential Housing Market is Worth $35-T, America’s Biggest Industry

#housing $DIA $SPY $QQQ $RUTX $ITB $VXX Last month, US new home sales spiked 55%, their biggest gainer since Y 2005. The number of Americans looking to refinance their mortgages spiked 111%. And Quicken Loans (Private), the America’s largest mortgage broker just posted its best Quarter in its 35-yr history. In 1-H of Y 2020, Quicken […]

Are Government Handouts Fuelling a Housing Boom

Are Government Handouts Fuelling a Housing Boom

The median home sale price climbed 11% year over year for the week ending July 26 to a record-high $315,000, according to the latest market report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This was the largest increase in sale prices recorded since early 2014. The strong price growth is a result of strong […]

Government Benefits are Keeping US Economy Alive

Government Benefits are Keeping US Economy Alive

Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent). Real DPI decreased 1.8 percent in June and Real PCE increased 5.2 […]

Good Nutrition is a Must When It Comes to Fighting C-19 Coronavirus

Good Nutrition is a Must When It Comes to Fighting C-19 Coronavirus

#C19Cronavirus #nutrition #diet #immune #disease #prevention #morbidity IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Poor metabolic health is linked to underlying conditions including diabetes and cardiovascular disease that create major complications for people fighting coronavirus, confirming the critical link between C-19 and nutrition. Chronic health conditions such as hypertension, […]

Soap Vs Hand Sanitizer: Science Says ‘Soap and Hot Water Wins’

Soap Vs Hand Sanitizer: Science Says ‘Soap and Hot Water Wins’

#soap #water #CDC #C19cronavirus #washing #hands IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Studies have shown that good hand hygiene can help slow the transmission of C-19 coronavirus. The Centers for Disease Control and Prevention (CDC) says that using soap and water is the best way to kill germs. If […]

Condo Prices Drop in USA

Condo Prices Drop in USA

Condo sale prices nationwide dropped 1.4% year over year to a median of $252,000 in June, the second consecutive month of drops after nearly two years of rising prices, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Prior to the pandemic, price growth for condos had reached a three-year high […]

Euro Faces a Difficult Time

Euro Faces a Difficult Time

The -12.1% Q-o-Q growth rate is the worst ever recorded and a pretty difficult one to interpret. It is a shocking drop, but completely understandable as the economy was shut for a considerable period during the quarter. It, therefore, doesn’t tell us all that much about the general state of the economy, which is usually why […]

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

#home #mortages #rates #economy US average rates on long-term mortgages declined this week, remaining near historic lows as the Key 30-yr loan dipped back below 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-yr home loan eased to 2.99% from 3.01% last week. The benchmark rate has not fallen below […]

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]

Case-Shiller Indices: Is it a Good Time to Buy Real Estate?

Case-Shiller Indices: Is it a Good Time to Buy Real Estate?

S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, and […]

Wyndham Hotels & Resorts (NYSE:WH) Struggles as Covid-19 Continues

Wyndham Hotels & Resorts (NYSE:WH) Struggles as Covid-19 Continues

$WH #COVID19 Wyndham Hotels & Resorts (NYSE:WH) today announced results for the three months ended June 30, 2020. Highlights include: Diluted loss per share was $1.86, and adjusted diluted earnings per share was $0.10. Net loss was $174 million for the second quarter and adjusted net income was $9 million. Adjusted EBITDA was $63 million. […]

Coronavirus and US Consumer Confidence

Coronavirus and US Consumer Confidence

US consumer confidence deteriorated in July as the coronavirus pandemic intensified, with the short-term outlook for business conditions, earnings and employment all worsening, according to a key survey released Tuesday. The Conference Board research firm said its consumer confidence index fell to 92.6 from 98.3 in June, worse than analysts expected amid a surge in […]

Don’t Bet on an Airline or Travel Recovery Yet

Don’t Bet on an Airline or Travel Recovery Yet

#coronavirus $AAL $DAL $UAL #Airlines #Travel Global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday. Uncertainty about the timing of border reopenings is the main factor, IATA’s chief economist Brian Pearce told a news conference. “We now are expecting […]

US Direct Investment by Country and Industry, 2019

US Direct Investment by Country and Industry, 2019

#USA #ECONOMY The U.S. direct investment abroad position, or cumulative level of investment, increased $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $95.7 billion increase in the position in Europe, primarily in […]

Thailand Still an Investment Destination

Thailand Still an Investment Destination

From January 2019 to June 2020, international and local investors have filed 116 investment promotion applications for food processing and drinks manufacturing projects in Thailand, representing a total value of 18.8 billion baht (ca. 600 million US dollars), the Thailand Board of Investment (BOI) states. In the first half of this year alone, some 5.84 […]

Wyndham Destinations, Inc. (NYSE:WYND) Raising Cash as Vacation Income Dives

Wyndham Destinations, Inc. (NYSE:WYND) Raising Cash as Vacation Income Dives

Wyndham Destinations, Inc. (NYSE:WYND) (the “Company”) announced today that it has launched a private offering (the “Offering”) of $500 million aggregate principal amount of senior secured notes due 2026 (the “Notes”), subject to customary and market conditions. The Company intends to use the net proceeds of this Offering for general corporate purposes, which may include the […]

Mayor Bill de Blasio Aided By Democrats has Destroyed New York City

Mayor Bill de Blasio Aided By Democrats has Destroyed New York City

People fleeing town, widespread joblessness, a rising crime rate: the coronavirus pandemic has plunged New York into crisis, deeply concerning for many, but for others a chance for this famously dynamic city to reinvent itself. “We may be going through one of the most painful and exceptional moments in our history,” Mayor Bill de Blasio […]

Dubai International Financial Centre (DIFC) Growing in Pandemic

Dubai International Financial Centre (DIFC) Growing in Pandemic

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, continued to drive the future of finance during the first half of 2020. The Centre made progress on its 2024 strategic priorities and achieved a record number of registrations in the first six months of […]

Incomes Fall Home Prices Rise in the USA

Incomes Fall Home Prices Rise in the USA

The national median home price rose 2.8% year over year to an all-time high of $311,300 in June, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Home prices typically peak in June each year before trending down slightly through January, but given the pent-up demand that remains following the spring […]

Americans have Few Travel Options

Americans have Few Travel Options

After months of working from home, stir-crazy Americans have finally reached the long, hot days of summer only to watch their vacation horizons dim, with travel options shrinking as the country’s coronavirus cases soar. “All I’ve been doing this year is canceling trips,” 61-year-old Keith Gibbons said with a sigh, a new reality that the […]

The Fight Against Coronavirus Moves Indoors

The Fight Against Coronavirus Moves Indoors

It’s become a familiar mantra: masks, hand-washing and physical distancing can slow the spread of the coronavirus while work continues on developing the vaccines and treatments needed to rid the world of its threat. But as tens of millions of people return to public transit, their workplaces and schools, are these interventions enough? Researchers are […]

Fed Lays Groundwork for Massive Bailout of USA

Fed Lays Groundwork for Massive Bailout of USA

We do not think it is time to buy just yet but we are getting close to that point. Data remains mixed but it is clear the FED will produce the mother of all bailouts if need be in the very near future. The US economy showed signs of life nationwide last month, but has […]

US Banks Prepared for Bad Debts Look to Trading for Profits

US Banks Prepared for Bad Debts Look to Trading for Profits

Large US banks have set aside billions of dollars in additional reserves for bad loans, according to earnings reports Tuesday that underscored the weakening economic outlook due to the coronavirus pandemic. Even amid gradual signs of a rebound as businesses reopen, the measures to contain COVID-19 have caused a devastating hit and millions of lost […]

Fannie Mae (OTCQB:FNMA) Expect a Better Finish to 2020

Fannie Mae (OTCQB:FNMA) Expect a Better Finish to 2020

A faster-than-expected pace of recovery in the second quarter contributed to an improvement in expectations for full-year 2020 economic growth, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Despite the recent resurgence in COVID-19 cases – and the potential for localized measures that may slow otherwise […]

SoftBank Group Corp. (OTC:SFTBY) Bring WeWork Back to Life

SoftBank Group Corp. (OTC:SFTBY) Bring WeWork Back to Life

$SFTBY #SOFTBANK #WEWORK Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times on Sunday, hailing a turn-around for the high-profile company. “Everybody thought WeWork was mission impossible. [That we had] zero chance. And now, a year from now, you are going to […]

Dubai has launched its third stimulus package

Dubai has launched its third stimulus package

Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai has launched its third stimulus package to ease the impact of the COVID-19 crisis on businesses. Worth AED1.5 billion, the new package raises the value of business incentives introduced by […]

Impact of Coronavirus by Industry in the USA

Impact of Coronavirus by Industry in the USA

Gross Domestic Product by Industry, 1st Quarter 2020 Accommodation and food services; finance and insurance; and health care and social assistance industries were the leading contributors to the 5.0 percent (annual rate) decrease in gross domestic product (GDP) in the first quarter of 2020, according to the Bureau of Economic Analysis. All sectors of the […]

Dubai on the Future of Tourism

Dubai on the Future of Tourism

The Department of Tourism and Commerce Marketing, Dubai Tourism, hosted a virtual forum for stakeholders and partners to share its industry outlook ahead of the city’s reopening to international tourists on 7th July. The forum provided a first-hand insight into current and post-pandemic strategies that will help accelerate tourism momentum and position Dubai as a […]

Dubai is Still in Business

Dubai is Still in Business

The Department of Economic Development, DED, Trader licence launched by the Business Registration and Licensing, BRL, sector, enabling start-ups in Dubai to conduct business activities online and across social networking accounts, has seen an 83 percent increase in licences issued from January to end of June 2020. Compared to the same period last year when […]

SunPower Corp. (NASDAQ:SPWR) Might be on the Move Up

SunPower Corp. (NASDAQ:SPWR) Might be on the Move Up

SunPower Corp. (NASDAQ:SPWR) received the prestigious Smarter E-Award in the “Outstanding Projects” category in recognition of Powerhouse Brattørkaia, an 18,580-square-metre energy-positive future-proof office building located in Trondheim, Norway. SunPower supplied its high-efficiency Maxeon® solar panels for the project. Powerhouse Brattørkaia is the world’s northernmost energy-positive building. This means it is designed to generate more energy […]

A Look at Australia AUDUSD ASX Outlook

A Look at Australia AUDUSD ASX Outlook

#AUSTRALIA $AUDUSD $ASX The Reserve Bank’s Policy Actions and Balance Sheet Guy Debelle[*]Deputy Governor The Economic Society AustraliaOnline – 30 June 2020 Australia is experiencing an historic event. It is first and foremost a health event. Thankfully, thus far the health outcomes in Australia have been better than feared. The health decisions taken by the […]

Park Your Yacht in Front of Your Dream Home

Park Your Yacht in Front of Your Dream Home

#Thailand #Phuket #yacht #relax #enjoy #boatlagoon Thailand is definitely the perfect place to relax and enjoy the results of your labor. The Phuket Boat Lagoon features 5 villas with private yacht berths accommodating vessels of up to 25 meters. Views of the marina give a relaxing yet urban feel, and luxurious lifestyle of the lagoon […]

The Bahamas is Open for Travel

The Bahamas is Open for Travel

The Bahamas Ministry of Tourism & Aviation is preparing for Phase 2 reopening, July 1, which allows for the resumption of international travel. All travellers visiting The Bahamas beginning July 1, must: Present a COVID-19 RT-PCR Negative (Swab) Test. Those arriving between July 1-7 must present results less than ten (10) days old. Those arriving […]

Vietnam Still Booming

Vietnam Still Booming

#Vietnam #economy Vietnam’s economy unexpectedly expanded in the second quarter, shrugging off a coronavirus pandemic-caused global downturn, but it was still the country’s slowest growth in nearly three decades. Gross domestic product rose by 0.36 percent April to June compared to the same period last year, the General Statistics Office in Hanoi announced Monday. “It’s […]

Simon Property Group Inc (NYSE:SPG) Upgraded on Thailand Opening

Simon Property Group Inc (NYSE:SPG) Upgraded on Thailand Opening

 Simon announced today the grand opening of Siam Premium Outlets Bangkok, marking the arrival of Thailand’s first Premium Outlets®, bringing the world’s most popular brand of outlet shopping to the country. “We are thrilled to celebrate the opening of our newest Premium Outlet center serving the vibrant Bangkok region, as part of our continued international […]

Affordable Home Prices Outpace Expensive Homes

Affordable Home Prices Outpace Expensive Homes

(NASDAQ: RDFN) — Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Price growth began accelerating […]

Signature Real Estate is Back, Housing Market Recovers

Signature Real Estate is Back, Housing Market Recovers

The luxury side of the housing market is getting strong again, according to a new report.  Potential homebuyers with big money have been sitting on the sidelines due to The China Virus quarantines and lockdowns. But as the country reopens, they are house hunting, according to a new report by Realtor.com released Thursday. “After being […]

Q1 GDP and Corporate Profits Data USA

Q1 GDP and Corporate Profits Data USA

#GDP #USA #FX #USD #CORONAVIRUS Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on […]

Personal Income and Outlays: May 2020

Personal Income and Outlays: May 2020

$BAC $JPM $USD #ECONOMY #USA Personal income decreased $874.2 billion (4.2 percent) in May according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $911.1 billion (4.9 percent) and personal consumption expenditures (PCE) increased $994.5 billion (8.2 percent). Real DPI decreased 5.0 percent in May […]

USA’s Bad Year by the Numbers

USA’s Bad Year by the Numbers

The US economy shrank by an annualized 5 percent in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country’s history, final figures showed. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states […]

Qantas is Just the Beginning of the Australian Dollars Trouble

Qantas is Just the Beginning of the Australian Dollars Trouble

#FX #AUDUSD #AUD #AUSTRALIA Already over taxed and under serviced the Aussie worker is taking on an increasing amount of debt via Government bail-out and assistance programs. Afer making themselves dependent on China they now find themselves at odds with their self appointed benefactor. Government Debt to GDP in Australia averaged 24.41 percent from 1989 […]

Mortgage Crisis Looms in USA

Mortgage Crisis Looms in USA

– Another 723,000 homeowners became past due on their mortgages in May, pushing the national delinquency rate to its highest level in 8.5 years – There are now 4.3 million homeowners past due on their mortgages or in active foreclosure — including those in forbearance who have missed scheduled payments as part of their plans […]

July August Shaping up for a Fast Correction and Rebound

July August Shaping up for a Fast Correction and Rebound

Ad Sales Google is expected to see its first decline in US ad revenues this year as the coronavirus pandemic hits travel advertising, a market tracker said Monday. New research by eMarketer indicates Google will still be leading digital advertising but with a smaller share as the market evolves into a “triopoly” with Facebook and […]

Economic Trends: SoCal Pending Home Sales Rise 8th Week Running

Economic Trends: SoCal Pending Home Sales Rise 8th Week Running

$Z Southern California house hunters put 5% more homes into escrow in the most recent wk, the 8th straight weekly increase, as the buying pace now is running just 2% shy of Y 2019. Zillow’s (NASDAQ:Z) weekly report on activity from brokers’ listing services in Los Angeles, Orange, Riverside and San Bernardino counties shows the […]

UK Travel Not Far Away

UK Travel Not Far Away

Britain confirmed Tuesday it was looking at establishing “air bridges” with countries with low rates of coronavirus, exempting them from controversial quarantine measures. Under a plan announced last month to try to limit the spread of COVID-19, international arrivals from June 8 will be required to self-isolate for a fortnight. Ireland is currently the only […]

Some Life in US Real Estate Market

Some Life in US Real Estate Market

This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week. Inventory continues to be incredibly tight — one reason list prices are growing faster than they were in April. Partly on the strength of that rebound, Zillow’s forecast now […]

US Pending Home Sales Off in April

US Pending Home Sales Off in April

$DIA $SPY $QQQ $RUTX $VXX April had a record decline in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the C-19 coronavirus chaos outbreak. The National Association of Realtors (NAR) said Thursday that pending home sales index dove 21.8% from the prior month to a level of […]

33.5 Million Americans Out of Work

33.5 Million Americans Out of Work

New claims for unemployment benefits filed by US workers declined slightly last week, but were still a staggering 3.2 million, government data said Thursday. The data from the Labor Department bring the total claims filed since mid-March, when the coronavirus pandemic forced businesses to close their doors to stop the virus’s spread, to 33.5 million. […]

Tourism Industry Prepares for a Massive Hit

Tourism Industry Prepares for a Massive Hit

The number of international tourist arrivals could plunge by 60 to 80 percent in 2020 owing to the coronavirus, the World Tourism Organization said Thursday, revising its previous forecast sharply lower. Widespread travel restrictions and the closure of airports and national borders to curb the spread of the virus had plunged international tourism into its […]

Tip of the Iceberg: Economic Reports Begin to Show the Cost of a Global Lockdown

Tip of the Iceberg: Economic Reports Begin to Show the Cost of a Global Lockdown

Evidence mounted of the devastating economic impact of the coronavirus pandemic on Thursday as hard-hit Europe moved to further ease lockdown measures that ground its economies to a halt. “the data we are seeing now is just the tip of an Iceberg that we are yet to fully comprehend, we are not a buyer of […]

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. The Media and the Democrats continue to whip up a Carona frenzy with the aim of putting Joe Biden in […]

Berkshire Hathaway Takes a Beating

Hard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday. The company, based in Omaha, Nebraska, called the setback “temporary” but said it could not reliably predict when its many businesses would return to normal or […]

Greece Nears Collapse

Greece Nears Collapse

Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown. Though the country has so far been spared the death toll of other European nations at fewer than 150 fatalities from COVID-19, it will not […]

Is The Realty Business Badly Affected By The Pandemic?

Is The Realty Business Badly Affected By The Pandemic?

Given the coronavirus pandemic around the world, things have been different for the people, schools, professionals on the frontlines, and the business industries, especially real estate. Due to the threat to life brought by the coronavirus disease, different governments have declared community quarantines and lockdowns to slow down the spread of the virus. With the […]

Sell in May and Go Away? Maybe

Sell in May and Go Away? Maybe

The Shayne Heffernan Idea Sell in May and Go Away? Maybe As Countries reopen in May the market will rally, But, this may not be the time to buy, yes if you buy here long term you will make money but if you are looking for the trades of the decade hold your horses until […]

There is a Real Crisis in the Commercial Real Estate Sector Driven by the Coronavirus

There is a Real Crisis in the Commercial Real Estate Sector Driven by the Coronavirus

In just a few weeks, the lives of The People have changed in ways they had never imagined. People can no longer meet, work, eat, shop, and socialize as they used to. The working world moved rapidly from business as usual to cautious travel, office closures, and work-from-home mandates. Instead of traveling and going out to […]

S&P Sees Dubai Property Prices Dropping to Marks Seen in 2010

S&P Sees Dubai Property Prices Dropping to Marks Seen in 2010

The Covid-19 outbreak is adding to the strain on Dubai’s real estate market The widening coronavirus pandemic could see Dubai property prices falling to marks last seen 10 yrs ago, according to S&P Global Ratings. “We believe real estate prices are approaching levels seen at the bottom of the last cycle in 2010, and are […]

Luxury Real Estate in Paris Offers Good Value and Investment Stability

Luxury Real Estate in Paris Offers Good Value and Investment Stability

High-end home values in Paris jumped last year, as wealthy buyers were drawn to the city’s good value and investment stability, according to a report Thursday from Savills in London. Values of prime properties defined as those priced at $2.2-M and up in the French capital rose 6.4% in Y 2019, compared to 4.5% during […]

Some Places in the US Will Pay You to Move There

Some Places in the US Will Pay You to Move There

It is no secret that California’s affordable housing crisis and worsening wildfire season are driving some residents out of The Golden State. But in case you need an extra incentive to leave, the here a list of cities and states that are paying people to move in. Those places include: Vermont, whose Remote Worker Grant Program funds grants of up […]

A Quick Guide to Successful Investing

A Quick Guide to Successful Investing

A Quick Guide to Successful Investing When to Invest Techniques and Psychology Mistakes to Avoid Rule of thumb on when to invest The best times to invest are: When the investment vehicle is undervalued An undervalued asset is one that is selling below what is assumed to its intrinsic value. Compare the current price of […]

Socialism Drives Europe to Recession

Socialism Drives Europe to Recession

Berlin will publish Thursday updated growth forecasts for Germany that are likely to reveal a still weaker outlook than before, but it remains hesitant to stimulate its own and partner economies. In the economy ministry’s predictions for growth in the gross domestic product, presented around 2:00 pm (1200 GMT), observers are already bracing for a […]

President Trump Doing “Lord’s Work” when it comes to the US Economy

President Trump Doing “Lord’s Work” when it comes to the US Economy

$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow declared President Trump is doing the “Lord’s work” when it comes to defending the US economy in terms of dealing with China, and said he does not believe there is a recession in sight under current scenario. “I know everybody wants […]

President Trump: “No healthcare, No entry!”

President Trump: “No healthcare, No entry!”

Friday, President Trump signed a Proclamation suspending entry of immigrants who will not be covered by health insurance within 30 days of entering the United States or do not have the means to pay for their healthcare costs themselves. The Proclamation, issued by the White House, said it would not affect any individual’s eligibility for […]

Spain Property Market to Take a Beating

Spain Property Market to Take a Beating

Hundreds of hotels in Spain are facing imminent closure over the collapse of British travel giant Thomas Cook, the head of the Spanish hotel federation warned on Monday. “There are 500 hotels which are going to close immediately due to the collapse of Thomas Cook and the situation could get worse if the government doesn’t […]

Brexit takes wrecking ball to British housing market

Brexit takes wrecking ball to British housing market

As Britain’s deadline to leave the European Union approaches, property prices have slowed or dropped, especially in London, with sector analysts warning of worse to come if Britain crashes out of the bloc without a deal. “The market is at a standstill,” said Beatrice Caboche, director at real estate company Barnes UK. Average property sales […]

Dubai developers race to lure buyers as downturn bites

Dubai developers race to lure buyers as downturn bites

Dubai, a city defined by its glittering towers and man-made islands, is stuck in a five-year property downturn with no end in sight, drawing warnings of an industry reckoning that will see weaker players fail. Property developers are slashing prices and offering ultra-easy financing to lure customers, while concerned authorities have stepped in with incentives […]

US home construction hits 12-year high in August

US home construction hits 12-year high in August

US home construction in August hit its fastest pace in 12 years amid a surge in the building of apartment houses, official data showed Friday. Meanwhile, permits for construction, a sign of supply in the pipeline, also bounded higher, with the multi-family segment likewise leading the way, the Commerce Department reported. The late-summer construction rush […]

US Home Buyer Sentiment Rises on Low Mortgage Rates

US Home Buyer Sentiment Rises on Low Mortgage Rates

$FNMA US Consumer sentiment about buying a home ticked up in August as expectations about falling mortgage rates offset reduced optimism about home price appreciation and the timing to buy and sell a home, Fannie Mae (OTCMKT:FNMA) said Monday. The largest US home finance agency said its index on home purchase sentiment moved up 0.1 […]

Freddie and Fannie Spike on Good News From Treasury

Freddie and Fannie Spike on Good News From Treasury

$FMCC, $FMNA Fannie Mae and Freddie Mac spiked on good news for investors. US Treasury Secretary Steven Mnuchin said he will soon reach a deal to allow the 2 mortgage giants to retain earnings and a legal victory that gave shareholders renewed hope of getting their hands on some of the companies billions of dollars […]

Low Mortgage Rates Increase Homes Bought In The U.S.

Low Mortgage Rates Increase Homes Bought In The U.S.

Re-sales of homes in the United States beat analyst predictions last month. Information released Wednesday by the National Association of Realtors revealed sales of previously-owned homes edged up 2.5% in July, as mortgage rates offset the affordability crunch caused by high home prices at the margins. Existing home sales occurred at a 5.42 million seasonally-adjusted […]

Qatar Construction Increases With Permit Issuance Up 51%

Qatar Construction Increases With Permit Issuance Up 51%

The Planning and Statistics Authority’s recently released data shows 51% general increase in July 2019 in number of building permits issued when compared to June this year.     The Planning and Statistics Authority (PSA) published the fifty-fifth issue of the monthly statistics of Building Permits and Building Completion certificates issued by all municipalities of the […]

Capital ‘Flying’ from Hong Kong

Capital ‘Flying’ from Hong Kong

$USD $HKD Residents of Hong Kong are swapping their Hong Kong dollars for other currencies as political unrest affects the local currency, the WS-J reports. Hong Kong’s currency sharply weakened against the USD starting last July, which analysts partly attribute to outflows.  The FT reports Hong Kong’s 10 richest people lost about $15-B since that time. […]

Trump’s Plan To Buy Greenland Brings Attention To Its Value

Trump’s Plan To Buy Greenland Brings Attention To Its Value

President Donald Trump’s reported wish to buy Greenland may have been rejected by Denmark. It underscores the rising value of the massive, ice-covered island due to global warming and to China’s drive for an Arctic presence. The accelerating polar ice melt has left sparsely populated Greenland, a self-governing part of Denmark. Astride what are potentially […]

U.S. Housing Value Growth Slows

U.S. Housing Value Growth Slows

Home value appreciation has slowed each month this year, and is at its lowest level since 2015 – The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. home is worth $229,000, up 5.2% from this time last year. – Rents grew 1.9% on an annual […]

Henley Investments Acquires Property On Ocean Drive, Miami

Henley Investments Acquires Property On Ocean Drive, Miami

Henley Investments, a leading private equity real estate firm based in the UK and the US, has announced the acquisition of their fourth boutique hotel in Miami in partnership with Life House, the venture-backed, technology-enabled hotel management company. The largest US hotel acquisition to-date by Henley with a total project capitalization in excess of $40M (including acquisition and renovation […]

Ashford Trust Selling Two U.S. Hotels

Ashford Trust Selling Two U.S. Hotels

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced the sales of the 156-room Courtyard Savannah Downtown in Savannah, Georgia and the 128-room Hilton Garden Inn in Wisconsin Dells, Wisconsin for $37.8 million. The combined sales price, inclusive of the buyers’ estimated anticipated capex of $8.2 million, represents a trailing twelve-month cap rate of 5.3% on net operating […]

Hong Kong Economy Takes a Hit

Hong Kong Economy Takes a Hit

Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the international financial hub is facing an economic crisis worse than either the 2003 SARS outbreak that paralysed […]

Chinese property developer Country Garden makes Fortune Global 500 list for third consecutive year

Chinese property developer Country Garden makes Fortune Global 500 list for third consecutive year

The 2019 edition of the Fortune Global 500 list was formally released on the evening of July 22, with Wal-Mart, Sinopec, and Shell Oil Company owning the top three spots. The Fortune Global 500 companies in the aggregate recorded total operating revenue of US$32.7 trillion, up 8.9 per cent year-on-year, while their profit reached a new high at […]

Farming Land Sales Rise

Farming Land Sales Rise

One of the hottest topics circulating around the agriculture industry the past few years has been the land market. In 2019, the topic is open for more speculation than ever as land values and the market are on edge trying to decide if prices will be pressured down or if the market will establish a […]

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