US Existing-Home Sales Decline as Rates Keep Buyers Sidelined
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
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Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Mortgage rates in the US climbed past 7% for the first time this year.
Mortgage shopping isn’t getting much easier these days.
Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.
Ken Griffin’s Citadel and Citadel Securities will move their London base to a new office tower on the edge of the City of London, a major expansion of their space in the latest sign of the firm’s growing heft.
Jan 20, 2021
Bloomberg News
,(Bloomberg) -- Aldar Properties PJSC climbed the most in almost three months after Abu Dhabi signed off on deals worth $12.3 billion.
The company will take on management of 30 billion dirhams ($8.2 billion) in developments and provide oversight for projects worth 10 billion dirhams in education, health-care and infrastructure. Aldar will also manage 5 billion dirhams of projects that were awarded by the government in 2019.
The shares rose as much as 15% shortly after trading started, and trimmed their gains to 8% as of 11 a.m. local time. Abu Dhabi’s benchmark index rose 0.1%.
As part of its efforts to diversify, Aldar has been investing in a fee-based, development management division to manage buildings for clients. Aldar initially announced announced the 30 billion-dirham deal to build more than 25,000 homes for Emirati citizens in October.
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