Jefferies Trading Surge Bodes Well for Wall Street Heavy-Hitters
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for bigger banks due to report in weeks to come.
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Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for bigger banks due to report in weeks to come.
Canada’s real estate market is seeing some signs of increased activity, but one economist says a recovery will be gradual until interest rates are firmly moving down.
Brazil is readying measures to boost the country’s real estate market amid pressure from President Luiz Inacio Lula da Silva to fuel economic growth.
Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
Mortgage rates in the US declined, helping to ease affordability challenges for homebuyers.
Nov 15, 2021
Bloomberg News
,(Bloomberg) -- Singapore home sales rebounded after two months of consecutive declines, with demand spurred by long-term investors and those seeking upgrades even as virus restrictions limit viewings.
Purchases of new private apartments climbed about 9% to 909 units in October, Urban Redevelopment Authority figures showed on Monday. That’s higher than the 834 units sold in the previous month.
The rebound underscores the residential market’s resilience even as Singapore’s ongoing virus restrictions limit viewings of new homes and deter developers from launching developments. The city-state is cautiously moving ahead with its reopening, after a surge in cases since September. It’s easing some measures that include allowing a maximum of five people from the same household to dine out, but social gatherings of different people are still capped at two and work from home remains the default arrangement.
There’s still appetite for Singapore’s private homes as buyers look to upgrade to private units from public flats, which have seen prices surpassing the peak in 2013, said Christine Sun, senior vice president of research and analytics at OrangeTee & Tie.
“There are also long term investors buying the next unit either for investment or for their children,” she said, adding that some buyers may also be concerned about being priced out and limited to a smaller pool of choices.
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