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S.F.'s Largest Landlord Offloads $1B Mortgage Portfolio
The cityscape of San Francisco has seen a significant transformation over the years, and an imminent deal indicates another pivotal shift. One of the city's biggest residential landlords, Veritas Investments, is facing a major real estate shakeup.
Navigating the Property Market Downturn in Five Charts
The U.S. commercial property market has undergone a notable 16% reduction in prices since its peak in March 2022. With eager investors amassing a massive $205.5 billion, awaiting the right opportunity, discerning the ideal time to buy has become paramount.
Powell Hints at More Rate Increases Amid Inflation
Jerome Powell, the Federal Reserve chair, expressed concerns regarding the high inflation rates during his address at the Jackson Hole Symposium. Despite signs of receding inflation, he emphasized that price pressures could reemerge and necessitate further hikes in interest rates.
Buffett Backs Homebuilders with a Whopping $800M Investment
Warren Buffett's Berkshire Hathaway announced $814 million investments in three home builders. This move highlights builders' advantage in the current tight supply scenario, despite cooling home sales due to rising mortgage rates.