For those who want to peer into the real estate thinking of ultra-high net worth individuals (UHNWIs), Knight Frank's "Wealth Report" is right up their alley.
UHNWIs are defined as people with a net worth of U.S. $30 million or more, including their primary residence. There were 24,821
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Seems like every economics shop on the Street is talking about real estate's "comeback."
Cases in point...
"A hot job market, robust income growth, rollicking population increases, a tight rental market, some clarity on the rate front—all roads point to revival" in the housing market, wrote BMO Economics this
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The unlikely event of a U.S. debt default could lead to double-digit U.S. inflation, unemployment and GDP losses, and interest rates rising "into perpetuity," Treasury Secretary Yellen warned this week.
In essence, an "economic catastrophe."
That not-so-pleasant thought is why American lawmakers almost certainly won't let it happen.
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Mortgage Professionals Canada (MPC) shared its latest mortgage consumer survey today. Here were nine of its most interesting findings (our take in italics).
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