Record home equity growth unlikely to recede as 30-year rates spike
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Acadia Realty Trust has snapped up a mixed-use property on SoHo’s Greene Street. The real estate investment trust (REIT) purchased two interconnected buildings at 69 Greene Street and 71-73 Greene Street from New York City-based property investment firm JSRE Acquisitions for a combined $60 million, according to city records made public Tuesday. SEE ALSO: Baptist…
Wells Fargo Advisors has suspended its participation in Forbes advisor rankings and conferences, according to a memo sent to the firm’s financial advisors on Tuesday. This follows Morgan Stanley’s announcement that it pulled out of the rankings last week. The move comes after news reported by The New York Times last week that Randall Lane,…
New data has shown that the preliminary clearance rate for the combined capitals slipped to 50 per cent last week, down from 54.8 per cent the week prior. According to Cotality’s latest Market Indicator Summary, auction volumes also remained low, with 1,365 auctions last week, a 4.7 per cent increase from the previous week, but…
The government has announced a new streamlined planning process around house building in areas within walking distance of stations. The aim is to encourage building in areas that minimise access to transport and make best use of underdeveloped land. Responding to the proposals Sir Vince Cable, Chair of the independent Housing Policy and Delivery Oversight committee said:…
This case study is based upon the contemporaneous correspondence presently available to Property118. Names, precise financial details and other identifying information have been withheld. We have not seen the complete file or full written advice of the professional subsequently instructed by the clients, and no court or regulator has determined that any adviser was negligent….
NAB will raise its variable home loan interest rates by 25 basis points after the RBA increased the cash rate in March. The bank has confirmed its updated rates will take effect from 27 March, consistent with its typical approach of adjusting rates 10 days after an RBA decision. NAB’s lowest advertised rate – offered…