Singapore’s shophouses, those ornate and colorful colonial-era buildings that line the streets of some old neighborhoods, are not just bricks and mortar. They are pieces of history that date back to the 1840s and are now under a government conservation program. The intricate moldings and design elements found in these shophouses are irreplaceable, making them
Real Estate
The looming wave of maturing commercial real estate loans poses a significant threat to investors, with many financial institutions facing the risk of default. While investors have been using metrics such as avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure to protect themselves from this risk, there are flaws in this
The housing market is experiencing a shift with more homeowners listing their properties for sale. However, the increase in new listings is not being met with a corresponding increase in sales. According to the latest market report by Zillow, new listings were up 13% in May compared to the previous year. Despite the surge in
Climate change has become a formidable force affecting coastal real estate across the United States. With rising sea levels and more intense storms, areas like Dana Point, California, Long Island, New York, and Nantucket, Massachusetts are experiencing unprecedented flooding and erosion. The National Oceanic and Atmospheric Administration (NOAA) has already predicted an “above-normal” hurricane season
In recent times, the rise in interest rates has brought about a significant opportunity for Americans who are holding cash. Many individuals have opted to invest in cash vehicles such as money market funds and certificates of deposit due to the attractive yields that have been made available. According to the Investment Company Institute, total
Revolut, a British financial technology firm, recently announced its plans to relocate its official headquarters from London to Canary Wharf, the city’s major financial district. The move signifies a significant shift for the company as it looks to establish a stronger presence in the heart of the financial industry in the U.K. With the relocation
Recent fluctuations in mortgage rates have had a significant impact on the housing market, with rates dropping initially before jumping back up following a stronger-than-expected employment report. This volatility has left many potential homebuyers uncertain about when to make their move. The drop in mortgage rates earlier in the week led to a surge in
Buying a home in the U.S. has become increasingly expensive, but what many may not realize is that the cost of keeping and maintaining a home has also risen significantly. A new report by Bankrate.com reveals that the “hidden costs” of homeownership amount to an average of $18,118 annually, or $1,510 a month. This figure