Total SE announced an US$8.1-billion writedown after the coronavirus pandemic hammered energy prices and challenged assumptions about long-term demand growth for oil and gas.
Read more: https://bit.ly/2X8fFlm
Monthly Archives: July 2020
Americans are converting more used school buses into tiny homes during the pandemic
The coronavirus pandemic pushed Sparrow Kettner and her husband, Keith Smith, to rethink their careers and their home.
Read more: https://bit.ly/2D1JBIO
Office rents will likely drop — but not apartment rents, survey finds
California office spaces are expected to keep getting emptier and their rent prices will likely keep declining for years as the fallout of the pandemic persists, according to a new survey of commercial real estate developers and financiers.
Read more: https://lat.ms/39B2nmi
Developer tax cut good news for renters
Renters will be given more security for long leases and more choice under a new government scheme designed to increase the number of properties on the market.
Read more: https://bit.ly/2X7VMe7
Rent or Buy? More than 90% people want to own a home: JLL’s Homebuyer Survey
To rent or buy a home of one’s own will always remain a debatable point for generations. While renting may look better on an excel sheet, owning remains not just an emotional decision but also saves a lot of hassles for the individuals.
Read more: https://bit.ly/39ARrFr
Mortgage rates hit historic low and local real estate market soars
As the economy and many continue to struggle, there’s something soaring behind the scenes during the pandemic. It’s a positive and welcome sight for homeowners and home buyers.
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CREB® releases second-quarter housing market report
The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy.
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Warning homeowners could face cash crunch if holidays not extended
Some homeowners are facing a tricky future if the Government does not extend the mortgage holiday future, brokers say.
Read more: https://bit.ly/2EubU3d
Lower weekly mortgage demand hints at a possible pullback by first-time homebuyers
With mortgage interest rates hovering near a record low, mortgage demand, especially from homebuyers, is now significantly higher than a year ago, but there are warning signs that first-time buyers may be struggling to stay in the market.
Read more: https://cnb.cx/30c59vo
Strong community opposition expected over plans to demolish heritage-listed Gordon Wilson Flats
A backlash is already brewing over Victoria University’s plans to demolish the heritage-listed Gordon Wilson Flats in central Wellington.
Read more: https://bit.ly/2DdfVsc