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Last month's Greater Vancouver area home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer and interest rates rose, the region's real estate board said Tuesday.
Signs of a rapidly deteriorating US economic outlook have spurred bond traders to pencil in a complete policy turnaround by the Federal Reserve in the coming year, with interest-rate cuts in the middle of 2023.
James Zenni’s Z Capital Group LLC, an investment firm focused on private equity and credit wagers, is exploring strategic options including the sale of a minority stake, according to a person with knowledge of the matter.
UK mortgage borrowers will avoid debt distress unless interest rates rise to 5% or higher, according to the Bank of England.
An Abu Dhabi-based investor has acquired 2% of Foxtons Group Plc and says he’s backing management’s plan to turn around the company.
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