Real Estate

Morgan Stanley commercial real estate report predicts steep price drop

In February, a PIMCO-owned office landlord defaulted on an adjustable rate mortgage on seven office buildings in California, New York and New Jersey when monthly payments rose due to high interest rates.

Brookfield, the largest office owner in downtown Los Angeles, that month chose to default on loans on two buildings rather than refinance the debt due to weak demand for office space.

They are a bellwether for what is likely to come, as more than half of the $2.9 trillion in commercial mortgages will be up for refinancing in the next couple of years, according to Morgan Stanley.

“Even if current rates stay where they are, new lending rates are likely to be 3.5 to 4.5 percentage points higher than they are for many of CRE’s existing mortgages,” wrote Morgan Stanley Chief Investment Officer Lisa Shalett, in a recent report.

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Real Estate

Will recreational homes be more affordable in 2023? Report predicts prices will dip - National

Recreational real estate across Canada could soon see a price dip after rising throughout the COVID-19 pandemic, according to a new report from Royal LePage.

The report, which analyzed data from Canada’s largest real estate company, predicts that on average, prices for a single-family recreational property in the country will drop 4.5 per cent in 2023, to $592,005 from $619,900 in 2022.

The report predicts that the biggest price drops will be seen in Ontario, where prices are expected to fall by five per cent, and in Quebec, where an eight-per cent dip is expected. Meanwhile, in the west, prices are only expected to fall two per cent in B.C. and rise slightly by 0.5 per cent in Alberta.

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Pricey cottage rentals stretching vacation budget for some Canadians

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The forecasted lowering in prices comes after a frenzy of activity in the market during the

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Berkeley Real Property Market Comparability Report (february 2009 Vs. February 2010)

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Anaheim Properties Market Comparability Report (march 2009 Vs. March 2010)

Real EstateRead the most recent information about residential and industrial real estate within the Seattle space and Pacific Northwest. Some in the community amenities provided to the residents from the Windsor at Turtle Creek include: a health and well being and fitness heart; a heated pool area; a business center; a protected and safe entrance; as well as a whirlpool and sauna.

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Kerala’s strategically advantageous location in addition to multi-cultural ambience has gained a number of significance one of the masses externally the State along with the country. The property clientele has become increase inside the final decade, with numerous shoppers both …

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Berkeley Real Property Market Comparability Report (february 2009 Vs. February 2010)

Real EstateEstablished in 1911, Douglas Elliman Actual Property is the biggest brokerage within the New York Metropolitan area and the second largest independent residential actual property brokerage in the United States by sales volume. Would you sign your identify with a multi-million-dollar contract for the corporation for which you work lacking any legal professional first looking it over? In all probability not, as a result of it is your fiduciary accountability to ensure there’s no antagonistic language inside the contract. But, all of us do it for ourselves always.

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