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Property News for 26 June 2023
Mortgage catastrophe brews in Britain as millions are pushed toward insolvency
CNBC - 26 Jun 2023 10:00
Research estimates that the Bank of England's latest rate hike could see 1.2 million U.K. households run out of savings by the end of the year.
'Enormously costly' business loan fraud drove home price inflation in certain markets, research suggests
CNBC - 26 Jun 2023 20:57
Covid-19-era PPP loan fraud may have contributed to home price inflation in certain U.S. markets, research suggests.
Chicago Bears coach Matt Eberflus, who bought a Lake Bluff mansion last year, lists Indiana home for $1.7M
Chicago Tribune - 26 Jun 2023 20:50
Matt Eberflus and his wife have owned the Cape Cod-style home in Indiana since 2018.
Billions in federal infrastructure spending could be wasted due to outdated government rainfall models
CNBC - 26 Jun 2023 06:01
NOAA's precipitation expectation model, Atlas 14, is based on backward-looking data and does not incorporate the effects of global warming.
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