Property News
American
Property News for 27 September 2023
What a stressed commercial real estate market means for these exposed bank stocks
CNBC - 27 Sep 2023 20:45
Higher interest rates, tightening credit conditions, and elevated office vacancies are weighing down the $21 trillion commercial real estate sector.
'Rental recession': London office vacancies hit 30-year high
CNBC - 27 Sep 2023 14:19
London's office market is in a "rental recession," Jeffries said, reporting that vacancies in the capital's business hubs had hit a 30-year high.
Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
CNBC - 27 Sep 2023 13:00
Applications for a mortgage to purchase a home fell 2% for the week and were 27% lower than the same week one year ago.
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