Flex Work Leaves San Francisco Trailing NYC in Office Comeback
A fifth of all office space vacant. Tech companies looking to offload millions of square feet they’d previously leased. Rents down 14%.
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U.S. consumers will have to resume making payments on their Federal student loans when a Covid-related relief program expires on Sept. 30, and some borrowers may struggle to pay all their debts at that point.
Conservatives looking for a fresh populist message to carry into 2022 are taking on Wall Street firms for buying up single family homes as rentals, attacking the growing practice as hurting the middle class.
Goldman Sachs Group Inc. is betting that prime retail and office space in Europe’s top capitals still has a bright future.
A pair of Hong Kong developers said they’ll throw in a second million-dollar apartment as a lottery prize if the number of vaccinated people against Covid-19 in the city hits 5 million by the end of September.
(Bloomberg) -- Mortgage rates in the U.S. dropped to the lowest level in four months.
The average for a 30-year loan was 2.93%, down from 2.96% last week and lowest since Feb. 18, Freddie Mac said Thursday.
“Mortgage rates continue to drift down as markets concur with the view that inflation increases are temporary,” said Sam Khater, chief economist at Freddie Mac said in a statement.
Cheaper borrowing costs have fueled the pandemic housing rally for the past year, giving Americans searching for properties more buying power. After hitting a record low at 2.65% in January, rates have been hovering near 3% for about two months.
Even with borrowing costs at historic lows, potential buyers are struggling to find homes they can afford as an inventory shortage and frenzied demand drive up prices.
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