In March, 625 commercial real estate (CRE) properties were foreclosed in the U.S., 6 percent more than in February and 117 percent more than a year earlier, according to real estate data service ATTOM.
Category: 23 April 2024
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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U.S. APARTMENT RENTS SLOW THEIR CLIMB
Although U.S. apartment rents continue to climb nationwide, the growth continues to slow from the double-digit annual gains they marked during the COVID War, when record home prices drove rental rates higher with them.
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SALES OF EXISTING HOMES FELL IN MARCH
Last month, sales of previously owned homes declined 4.3 percent compared to February and 3.7 percent year on year, the National Association of Realtors (NAR) reported.
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STATES MOVE TO BLOCK PRIVATE EQUITY’S HEALTHCARE TAKEOVER
As private equity funds buy healthcare organizations across the country, at least 12 states have taken action to block the sales.
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U.S. ECONOMY WILL GROW TWICE AS FAST AS OTHER G7 COUNTRIES, IMF SAYS
This year, the U.S. economy will grow more than twice as fast as any other G7 country, the International Monetary Fund (IMF) said in its latest World Economic Outlook report.
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PENSION FUNDS DUMP STOCKS
Corporate pension funds are moving money from stocks to bonds, and government pensions are trading a share of their equities for alternatives, The Wall Street Journal reported.
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FED RATE CUTS ON HOLD, POWELL SAYS
After saying earlier this spring that the U.S. Federal Reserve planned three rate cuts this year, and hinting they could begin in June, Fed chair Jerome Powell has put a pause on all that.
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BURIED ALIVE: MASS GRAVE WITH 300 BODIES FOUND AT GAZA HOSPITAL
On Monday, some 300 bodies were found at a hospital in southern Gaza where Israeli forces carried out a two-week-long operation under the auspices of fighting Hamas.
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BLOCKCHAIN BATTLES
On a “2024 Bitcoin Halving Livestream” show hosted by Bitcoin magazine and sponsored by Kraken crypto exchange on 19 April, David Portnoy of Barstool Sports provided some interesting personal history regarding bitcoin.