Despite the COVID-19 pandemic, real estate investment has remained strong with the considerable foreign capital increase. For instance, the Pasadena subsidiary of a Chinese-based corporation has acquired a Calabasas office campus for around $79 million, according to the real estate company handling the deal. Gemdale acquired the Park Calabasas office campus. Gemdale USA purchased the
COVID-19 pandemic
It was highly expected that the COVID-19 pandemic would trigger massive defaults in the real estate sector on shuttering offices, hotels, and stores. A group of investors holding a record hoard of cash had sought to benefit from any upheavals in the industry that would result in a significant drop in property prices. Real Estate
In the last three months, companies issued $140 billion in the junk bond market in the US, surpassing the record rush for cash in Q2 2020 when groups rushed to fortify their finances to survive the impacts of the COVID-19 pandemic. Investors taking advantage of low rates to invest in high yield bonds According to
Microsoft Corp (NASDAQ:MSFT) has said that it will reopen its Seattle and Redmond, Washington headquarters and nearby campuses later this month. The company will allow employees in the areas to choose between returning to offices, working remotely, or working in a hybrid model. Microsoft is allowing employees in Redmond and Seattle back to offices The
In the next three decades, US federal debt is likely to increase more than double the gross domestic product (GDP) to around 202% by 2051. According to the Congressional Budget Office, the debt growth will increase fiscal crisis risk despite the dangers appearing to be low in the near term. US federal debt to double
It has been a tough week for US treasury bonds after a gentle decrease in prices became a rush. With government bond yields dropping to low levels, investor returns for insurers and pension funds have been wiped out. Inflation worries pushing bond yields down Growing inflation concerns have been pushing Treasuries down for almost a
Home prices and sales surged in the past month in Southern California thanks to a surge in demand, record-low mortgage rates, and a limited supply of homes. According to a report by DQ News/CoreLogic, the median home price for all sales in the region was $599,500 in January. Housing demand high than listings pushing prices
According to Goldman analysts, crude oil prices are likely to rise sooner, and her than anticipated thanks to energy demand recovery globally, which had outpaced additional supply from US shale and OPEC. The analysts raised their previous Brent price predictions by $10 per barrel to $70/bbl in Q2 and $75/bbl in Q3. Oil prices to
US president Joe Biden has extended the ban on housing foreclosures up to June 30 to help renters who are struggling with the impact of the Pandemic. The foreclosures suspension for federally guaranteed loans was expected to expire at the end of March 31. Biden extends housing foreclosure According to data from Census Bureau, around
Real Estate has remained resilient even as the COVID-19 pandemic continues to disrupt the global economy. Transaction and activities in the sector have been building up over the past year at the back of new projects and strong demand for new homes. PGIM Real Estate conforming it completed nearly $30 billion in transactions in 2020,
Record low interest is the catalyst fuelling bond issuance among corporations. Companies are increasingly taking advantage of the reduced cost of borrowing to raise capital in the bond market, to finance various projects as well as pay underlying debt. Apple Inc. (NASDAQ:AAPL) is the latest to tap the bond market. Apple $14 Billion Bond The
Activities in the real estate sector have remained intact even on the COVID-19 pandemic taking a toll on a number of sectors. Demand for new homes has continued to edge higher with developers struggling to meet demand conversely fuelling a spike in prices in some markets. A Palm Beach condominium going for $19.5million might as
The Chinese bond market might as well be providing early warning signs. Bond defaults edging higher with cash-starved developers breaching central bank red lines for borrowings is already triggering concerns in the $15 trillion bond market. Chinese Bond Market Woes The fact that only 6.3% of Chinese developers can comply with set red line limits
Cryptocurrency mainstream adoption is about to receive a boost, if recent developments at Goldman Sach’s is anything to go by. Immediate reports indicate that the investment giant is looking to invest in digital assets, a development likely to bolster sentiments in the burgeoning sector. Goldman Sachs Crypto Plans According to reports, the New York-based financial
U.S real estate has been a mix of fortune in recent months. While some markets have experienced a spike in home prices amid a spike in demand, some have seen a significant decline in deal activities. The outlook of the overall the market is dependent on how the U.S economy bounces off the COVID-19 pandemic.
The U.S real estate sector has shrugged off the shocks triggered by the COVID-19 pandemic to cap one of the finest runs amid a challenging macro environment. Contrary to expectations, the pandemic has fueled activities in the sector as health concernstriggered the digitization of the home buying process. Pandemic Triggered Home Buying As remote-working took
Is the stock market about to catch a breather after a blockbuster 2020? That’s the million-dollar question heading into year-end. Stocks have been on a roll, with major indices flirting with record highs. Since Donald Trump assumed the reigns of powers in 2017, the S&P 500 has rallied by more than 60%. Stock Market rally
U.S real estate has started feeling the effects of the COVID-19 pandemic. Soaring home prices is the latest tailwind to hit the sector, which has so far remained resilient amid the challenging macro environment. Likewise, home sales contracted for the first time in more than six months as dwindling supply triggered a surge in prices.
Exchange-Traded Funds have been a bright spot in the vast capital markets for the better part of the year. However, in recent days, sentiments in the segment have taken a significant hit following the discovery of a new COVID-19 strain, believed to be 70% more transmissible. Demand for risky assets has since taken a hit,
The U.S Exchange Traded Funds market has been a buzz of activities as investors eye broader market exposure to counter the exacerbated volatility levels. The uncertainty triggered by the COVID-19 pandemic has seen most investors turn to ETFs to diversify investment portfolios. ETFs For IPOs Likewise, the Initial Public market has also been heating up
It’s all system go for the much-awaited Airbnb Initial Public Offering slated for December 10 on the Nasdaq. According to regulatory filings, the U.S home rental firm has priced its IPO at between $56 and $60 a share. At the upper end of the price range, the company would sell stock worth $3.1 billion conversely
Janet Yellen is the woman president-elect Joe Biden has turned to in a bid to revitalize the U.S economy, which has been in limbo owing to COVID-19 shocks. If approved by the senate, she is poised to become the first female Treasury secretary taking over from Steve Mnuchin. Yellen Career It would mark another milestone
The COVID-19 pandemic has caused too much pain and suffering in addition to disrupting various sectors. While the commercial real estate sector has remained resilient throughout the year, a ferocious second wave threatens to change everything, a change in the way people work, shop, and spend leisure time, owing to the pandemic, is the biggest
A booming U.S real estate industry, amid a havoc-causing pandemic, has been one of the biggest surprises of 2020. House prices have continued to edge higher amid a surge in demand as people move to get hold of discounted properties. With the COVID-19 shocks pandemic showing no signs of fading away, a slowdown is starting
U.S Junk bonds are on the receiving end in the wake of Pfizer announcing that its COVID-19 experimental vaccine is 90% effective in combatting the virus. The junk bonds fell by 45 bases from Friday close to 4.53%, the lowest level since June 2014. Junk Bonds Sell-off The implosion came amid concerns that the Federal
Pfizer Inc. (NYSE:PFE) is on the cusp of saving the human race, which was on the brink of collapse given the ever growing risk of C0VID-19. The drug maker becomes the first company to claim victory on the development of a safe and effective coronavirus vaccine. A confirmation that its experimental vaccine is more than
Warren Buffett has carried the biggest ever stock-repurchase of Berkshire Hathaway, affirming lack of investment opportunities amid the COVID-19 ravaged economy. The famed investor spent $9 billion in the third quarter to repurchase shares of the conglomerate. The buy-back spree comes hot on the Berkshire board’s heels, approving the purchase of stock whenever the share
U.S Stock market was a buzz of activities the past week, rallying as investors shrugged the uncertainty around the presidential election. The S&P 500 gained 7.3%, with all the major sectors closing on positive territory. The weakest sector was energy, which was up by 0.87%. Stock Market Rally Amid a spiraling wave of uncertainties, investors
The COVID-19 pandemic continues to take a toll on the retail real estate industry. Traffic to shopping malls has shrunk significantly as people resort to doing shopping online. Likewise, mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust are the latest culprits to feel the full effects of the pandemic. Mall Bankruptcies The
Activities in the bond market have been heating up, ever since the U.S central bank cut interest rates to record lows. The low funding costs on offer amid high investor demand has allowed companies to raise billions of dollars in new debt in the trillion-dollar bond market. Likewise, finance chiefs have turned to bond proceeds