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Real Estate

Oxley selling Stevens Rd hotels for close to S$1b

Fri, Jan 11, 2019 – 5:50 AM Singapore PROPERTY developer Oxley Holdings has accepted a letter of intent (LOI) for the purchase of its Mercure and Novotel hotels along Stevens Road for S$ 950 million, in what market watchers call an urgent attempt by the developer to pare its debt. The Business Times understands that the buyer is Indonesian magnate ...

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M&C to reopen London hotel after £50m revamp

[unable to retrieve full-text content] MILLENNIUM & Copthorne Hotels' (M&C) Millennium Hotel London Mayfair, which was closed for renovation last year, will reopen as The Biltmore, Mayfair under Hilton Worldwide Holding's new LXR Hotels & Resorts luxury hotel collection. … The Business Times

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How To Keep From Going House Poor

The only thing worse than not being able to buy a home when you want to is owning a home and not being able to do anything but sit inside because after your house payment, HOA fee, taxes, and household bills, there’s nothing left. A few smart strategies can help you avoid becoming house poor. Think hard about that preapproval ...

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Time to Move to Los Angeles: City Unveils Early Earthquake Alert System

Hurricanes and tornadoes. They’re two of the most terrifying natural disasters, but, as those who fear earthquakes will tell you: at least they have early warning systems. A recent survey from Sperling’s Best Places “found 21.1 percent of those polled said they’re most fearful of earthquakes, with tornadoes coming in second place at 17.6 percent. Wildfires, hurricanes, flooding and droughts ...

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Affording a Home Requires Compromises – but Families Are Okay with That

Most young Canadian families would prefer to buy a single-family home, but affordability issues are forcing compromises. Even so, more than 90 per cent of buyers report satisfaction with their purchase and confidence in the real estate market. In a perfect world, the overwhelming majority of young urban Canadian families would purchase a single-family home in move-in condition with a ...

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More mortgage borrowers now have incentive to refinance

While refinance volume has dropped off in recent years as interest rates have inched upward, incentive to refinance has returned for some homeowners. According to the latest data from Black Knight, about 550,000 more borrowers could lower their mortgage payments by refinancing. As of Dec. 27, 2018, interest rates fell 30 basis points to 4.55%, the… Homeowners

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Home prices are rising faster than wages in 80% of U.S. markets

Climbing home prices and less than significant increases in wage growth have contributed to renting becoming a more affordable option for Americans, according to ATTOM Data Solutions‘ latest Rental Affordability Report. In 59% of U.S. metros studied, renting a three-bedroom property is less expensive than purchasing a median-priced home. That’s a whopping 442 out of the 755 counties, according to the report. ...

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Trulia: Homebuyer pessimism grows among young adults

Trulia’s end of year survey shows that the idea of homeownership is part of the American dream is shrinking most among younger adults and the group’s pessimism about homebuying is increasing. While the share of Americans that say homeownership is, in fact, part of the American dream increased from 72% to 73%, those aged 18 to 34 beg to differ. ...

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