A new breed of young millennials and older Gen Z are buying homes and it seems they are coming well-prepared. The Swiggy-Uber-Instagram generation is not only anticipating their future needs for a home, they are educating themselves on homebuying, the best interest rates and ideal neighbours. Driven by technology, they use social media to their … Read more
Hong Kong CNN — Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a record $2.6 trillion. Now that life is returning to normal, hopes are high that consumers will spend with a vengeance, providing a much-needed boost to the world’s … Read more
London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get her to work in the capital … Read more
While the Indian real estate sector exhibited resilience during the COVID-19 pandemic, strong consumer demand and rising incomes have resulted in major housing markets within the country growing by 40% in the first nine months of 2022. According to independent property consultant Knight Frank India, cities like Mumbai, Bengaluru, and the National Capital Region (NCR) … Read more
Los Angeles CNN — At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out. “We are human beings with the right … Read more
Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more
Mumbai: Godrej Properties, the real estate development arm of the Godrej Group, is likely to surpass its own guidance of adding projects with total revenue potential of over Rs 15,000 crore to its development portfolio in the current financial year, Pirojsha Godrej, executive chairman, , told ET. The company has added six new projects with … Read more
CNN — A Russian SU-34 fighter jet crashed into a residential building in the western city of Yeysk, which lies on the Sea of Azov, during a training flight Monday, according to Russian state media. The incident was due to one of the engines catching fire, reported RIA Novosti, which cited Russia’s defense ministry. “According … Read more
After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to Freddie Mac. Mortgage rates have more than doubled since the start of this year as the Federal Reserve continues its unprecedented campaign … Read more
The pandemic might be waning, but its lessons will linger on. Excerpts from Lockdown or Economic Destruction? throw light on how some sectors will change Automobiles This is another segment which will witness cross currents which can affect the final outcome. Let us see what works in the favour of the industry. With social distancing … Read more